On the recordApril 7, 2014
the industry doesn't have guidelines by which they can follow what they believe the FDIC's intent is.
Source
congress.govthe industry doesn't have guidelines by which they can follow what they believe the FDIC's intent is.
Highlighting the lack of clear guidelines for the industry.
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I want to thank the ranking member, and I want to thank the Democratic Financial Services Committee staff for working with the Republican staff on this matter.
We need to get to the bottom of whether or not this is a supervisory problem, a regulatory problem, a bank mismanagement problem, perhaps all three.
under the current leadership, we have seen FSOC expand its regulatory reach to fit the Administration's political priorities.
does your own agenda really outweigh the need for a competent leader at the helm of the FDIC?