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Republican US Senator Scott signals partisan battle over Romero nomination as FDIC chair

By Neil Roland ( July 11, 2024, 18:35 GMT | Insight) -- Senator Tim Scott, the top Republican on the Senate Banking Committee, foreshadowed a partisan battle over Christy Goldsmith Romero’s nomination to replace Federal Deposit Insurance Corporation Chair Martin Gruenberg. Scott, who sets the tone for Senate Republicans on banking issues, took issue with Commodity Futures Trading Commission member Romero’s banking experience, as well as her ability to correct the “toxic” FDIC culture. He also objected to Gruenberg’s decision to remain in place until a replacement is confirmed by the Senate.Senator Tim Scott, the top Republican on the Senate Banking Committee, foreshadowed a partisan battle over Christy Goldsmith Romero’s nomination to replace Federal Deposit Insurance Corporation Chair Martin Gruenberg....

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