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Gruenberg’s decision to resign comes fewer than 24 hours before the long-time regulator is expected to testify before the House.

Exit or no, Gruenberg fires a policy bazooka

The Federal Deposit Insurance Corp. advanced several significant pieces of policy aimed at undoing Trump-era deregulation in a marathon board meeting today.

It was the most policy-packed FDIC board meeting we’ve seen this administration – certainly the longest we can recall. For theoretically outgoing Chair Martin Gruenberg, it felt like a kind of regulatory Alamo – a blast of Democratic banking policy before he may depart the embattled federal agency.

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