The agency’s chair, Martin Gruenberg, has resisted Republicans’ calls to resign, but criticism by his own party raises questions about how long he can hang on.
Category: Regulation and Deregulation of Industry
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Why Is Car Insurance So Expensive?
Soaring premiums have become a prominent driver of inflation, and insurers say that more increases could be on the way. How did it get like this?
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Under Fire for ‘Toxic’ Work Culture, Bank Regulator Apologizes Again
A scathing report revealed a culture of widespread sexual harassment and discrimination at the Federal Deposit Insurance Corporation. Martin Gruenberg will testify on Capitol Hill starting on Wednesday.
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California Will Add a Fixed Charge to Electric Bills and Reduce Rates
Officials said the decision would lower bills and encourage people to use cars and appliances that did not use fossil fuels, but some experts said it would discourage energy efficiency.
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Norfolk Southern Faces Activist Investor Challenge
A year after a derailment in Ohio raised questions about rail safety, an investment firm is seeking to install new management in an effort to increase profits.
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Klobuchar Asks Regulators to Investigate MultiPlan Over Health Care Pricing
A data analytics firm has helped big health insurers cut payments to doctors, raising concerns about possible price fixing.
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All New U.S. Cars Must Carry Automatic Brakes by 2029
The technology is already sold on most vehicles, but a new federal safety regulation raises the standards.
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Elon Musk Reaches Deals in China on Self-Driving Teslas
Elon Musk met with the country’s premier, a longtime Tesla ally, and secured regulatory nods and a necessary partnership with a Chinese tech company.
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U.S. Investigating Tesla Recall of Autopilot
The National Highway Safety Administration also released an analysis of crashes involving the system that showed at least 29 fatal accidents over five and a half years.
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Former Boeing Manager Says Workers Mishandled Parts to Meet Deadlines
Merle Meyers, who left Boeing last year after a 30-year career, said he was speaking publicly about his experience because he loved the company “fiercely.”