White House to nominate Goldsmith Romero soon, aiming for July hearing – source

According to a source with direct knowledge of the matter, the White House plans to nominate Christy Goldsmith Romero, a Democratic commissioner at the Commodity Futures Trading Commission, as the new chair of the Federal Deposit Insurance Corporation (FDIC). The nomination is expected to be made soon, with her first hearing scheduled for the week of July 8. Goldsmith Romero will replace Martin Gruenberg, who is stepping down following an investigation that uncovered widespread sexual harassment and misconduct within the top banking regulator. Additionally, Kristin Johnson, the other Democratic commissioner at the CFTC who was also considered for the FDIC chair role, will be nominated for Assistant Secretary for Financial Institutions at the Treasury Department. The White House, CFTC, Treasury, and FDIC declined to comment on the matter.