Government watchdog group investigating DOJ’s Legal Counsel for possible involvement in “hostile takeover” at FDIC

By Andy Nghiem (DOJ Newswire)

Jan 31, 2022

The U.S. Department of Justice’s Legal Counsel is under investigation for possible involvement in a controversy at the Federal Deposit Insurance Corporation (FDIC). 

According to a Jan. 21 press release, the Functional Government Initiative (FGI) announced that it is investigating the Department of Justice’s role in moves by board members of the Federal Deposit Insurance Corporation to challenge the authority of the FDIC’s chair.

The Wall Street Journal reports that Rohit Chopra, a board member of the FDIC who also is the director of the Consumer Financial Protection Bureau, sought a legal opinion from the Justice Department’s Office of Legal Counsel on whether the FDIC chair has to set the agenda for the FDIC, as has been the longstanding procedure and practice.

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