Acting Comptroller Issues Statement on New Reporting Channels for FDIC Complaints — 2024-06-21

WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu issued the following statement at yesterday's Federal Deposit Insurance Corporation (FDIC) board meeting regarding the creation of the Office of Professional Conduct and the Office of Equal Employment Opportunity. I strongly support the creation of the Office of Professional Conduct (OPC) and the Office of Equal Employment Opportunity (OEEO). The employees of the FDIC need and deserve a safe and inclusive workplace. For far too long, however, the fear of retaliation and a confusing, ineffective complaints process have prevented that. Such fear and confusion led to underreporting, a lack of accountability, and space for wrongdoers to perpetuate the old boys’ club. As the Cleary Report notes, fixing this requires cultural and structural transformation. Replacing the agency’s broken internal processes with the OPC and OEEO is a critical step in that transformation.