House Democrats urge FDIC to maintain independence amidst merger concerns
By EsqSocial Corporation 07/04/25
On March 28, several members of the U.S. House of Representatives sent a letter to FDIC Acting Chairman Travis Hill, expressing concern over reports of diminishing independence in the FDIC under his leadership. The representatives highlighted worries about undue political pressure from DOGE and potential plans to merge the FDIC with other federal banking regulators, which the representatives argued could undermine its role in ensuring financial stability and consumer protection....
By: Orrick, Herrington & Sutcliffe LLP