Type of Content
Approved Story
1
Format
Region
News Item Format
Standard
Image Caption
Graeme Sloan/Bloomberg via Getty Images
Autocurated
0
Rep. Patrick McHenry (R-N.C.), chair of the House Financial Services Committee, called on embattled FDIC chairman Martin Gruenberg to resign at a contentious hearing Wednesday morning.
Why it matters: Gruenberg's job is on the line in the wake of a damning investigation that found widespread sexual harassment and a toxic workplace culture at the banking agency he leads.
"The fact that you've not yet resigned proves that you take no responsibility for your actions and the words that you've used so far," McHenry said in opening remarks at the hearing meant to address financial regulation.
"Let me be clear, showing up today is not an act of courage," he added. "It's an act of hubris."
Driving the news: Several Republicans mentioned that regulators at the FDIC wouldn't tolerate the kind of behavior outlined in the investigation if it were happening at a bank. "A horrible double-standard," said Rep. French Hill (R-Ark.)