President Joe Biden will nominate Christy Goldsmith Romero to lead the Federal Deposit Insurance Corporation (FDIC), replacing Martin Gruenberg, as the financial regulatory agency grapples with a toxic workplace scandal, the White House confirmed on Thursday.
Ms. Romero, a Democrat, joined the Commodity Futures Trading Commission (CFTC) in March 2022. She served 12 years at the Treasury Department, including a decade as the Special Inspector General for the Troubled Asset Relief Program (SIGTARP).
She has a background in enforcement and has spearheaded significant actions against Wall Street banks and other financial institutions.
Sen. Sherrod Brown (D-Ohio), who heads the Senate Banking Committee, endorsed the nomination, championing her “invaluable experience” protecting taxpayers….
