Epa Official Banned From Banking; Congressman Wants Answers
EPA official banned from banking; congressman wants answers
WASHINGTON — The top Democrat on the House oversight committee is asking the Federal Deposit Insurance Corp. to provide more details about why it recently banned a high-ranking EPA official from the banking business.
Albert C. Kelly, who is now a senior adviser to Environmental Protection Agency head Scott Pruitt, is a former chairman of SpiritBank in Tulsa, Okla.
In a July order, the FDIC fined Kelly $125,000 and banned him from banking, concluding he had willfully violated regulations and engaged in unsafe and unsound banking practices that had harmed the bank.
“The FDIC further determined that such violation demonstrated [Kelly’s] …