Lawmakers call on Gruenberg to resign or testify

Republican members of the House Financial Services Committee called on FDIC Chairman Martin Gruenberg to appear before the committee next month if he has not stepped down before then.

Details: All 29 Republican members of the committee signed the letter, which asked Gruenberg to immediately resign or appear before the committee on Sept. 19.

Background: President Joe Biden on June 13 nominated Christy Goldsmith Romero to replace Gruenberg, who announced in May that he would step down once a successor is confirmed. Goldsmith Romero testified at a Senate Banking Committee nomination hearing last month and would need to be approved by the committee and the full Senate to be confirmed.