Finally Felled by the Election, Gruenberg Announces FDIC Exit

Also, a report from the American Fintech Council conference; Visa and Mastercard pummeled on Capitol Hill

Martin Gruenberg has been a fixture at the FDIC for nearly two decades, leading the bank overseer with a progressive bent. More than once, the end of his tenure seemed near – and yet never came. But this time there won’t be any surprises. He put it in writing.

“Earlier today I informed the president that I will retire as chairman and member of the board …