Biden to nominate Christy Goldsmith Romero as FDIC chair after abrupt departure of predecessor WHIO TV 7 and WHIO Radio [Video]

NEW YORK — (AP) — President Joe Biden will nominate Christy Goldsmith Romero to replace Martin Gruenberg as head of the Federal Deposit Insurance Corporation.

The announcement from the White House on Thursday came after Gruenberg’s tenure became marred by allegations of workplace abuse that led to him to resign.

A longtime financial regulator, Goldsmith Romero is currently a commissioner at the Commodity Futures Trading Commission, the nation’s financial derivatives regulator. She previously worked with the Department of Treasury and was part of the team that handled the Troubled Asset Relief Program, which lent $700 billion to troubled banks during the 2008 financial crisis. She also is a law professor at Georgetown University.

Her previous nominations to the nation’s financial regulators were unanimously confirmed by the Senate.

“She has proven herself to be a strong, independent, and fair regulator who is not afraid to do what’s right,” said Sen. Sherrod Brown, D-Ohio and chair of the Senate Banking Committee, in a statement.

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