Law Firm Seeks Watt’s Removal Over Harassment Charges – NMP Skip to main content

Law Firm Seeks Watt’s Removal Over Harassment Charges

Phil Hall
Nov 30, 2018
The Federal Housing Finance Agency Office of the Inspector General (FHFA OIG) has issued a report stating that former Director Mel Watt misused his position to force a romantic relationship on a female colleague

A movement is underway to drum up public support to demand the removal of Mel Watt as Director of the Federal Housing Finance Agency (FHFA) for the expiration of his term on Jan. 6.
Watt has been accused of sexual harassment by Simone Grimes, a special adviser at the agency who presented audio recordings to back her claims. In testimony delivered before the House Finance Committee in September, Grimes stated that Watt made “multiple unwanted advances towards me and insisted that we meet in several unusual locations to discuss my professional issues.” She added that she Watt “more than once implied that his advances were linked to my ability to receive promotions and pay increases.”
Watt, a former North Carolina congressman who was appointed by President Obama to run the FHFA, denied Grimes claims and refused to cooperate with an independent investigation into the matter. Grimes’ accusation brought little comment from Congress, which was engulfed over the past year with several sexual harassment charges aimed at legislators along with the recent unsubstantiated charges leveled at Brett Kavanaugh during his confirmation hearing for the vacancy on the Supreme Court.
Whistleblower Aid, an organization that identifies itself as non-profit pro bono law firm representing whistleblowers, has set up a Web site called “Fire Mel Watt” and has launched an online petition drive to force Congress to impeach Watt before his directorship concludes, thus preventing him from receiving a federal pension. A rally against Watt was held yesterday outside of his office in Washington. The FHFA Director can only be fired by the President, but the Whistleblower Aid efforts are not seeking President Trump’s input.
“In this #MeToo era, let’s demand that there are real consequences for government officials who commit sexual harassment,” said Whistleblower Aid on its “Fire Mel Watt” Web site.

Nov 30, 2018
Ginnie Mae Streamlines FHA Advanced Loan Modification program

Documentation changes eliminate requirements for recordation and title insurance.

Regulation and Compliance
Jan 24, 2022
'A Long Road To Normal'

Nominated again to lead The Fed, Powell tells Senate committee to expect three rate hikes, but 'if we have to raise interest rates more over time, we will.'

Regulation and Compliance
Jan 11, 2022
CFPB: Complaint Response Worsens At Big 3 Credit Bureaus

Report claims Equifax, Experian, and TransUnion routinely failed to fully respond to consumers with errors.

Regulation and Compliance
Jan 10, 2022
The Fed Names Chairs, Deputy Chairs For 12 Reserve Banks

In recent years, the Federal Reserve System has worked to increase the overall diversity of the Reserve Bank and branch boards of directors and continues to build on those efforts.

Regulation and Compliance
Jan 06, 2022
The Fed: Rate Hike Likely Coming in June

Federal Open Market Committee's December minutes reveal discussion of first hike in federal funds rate in 2Q of 2022, as well as of ending asset purchases by March.

Regulation and Compliance
Jan 05, 2022
AARMR No Protection For Savanah Scares

Conference provides opportunity for regulators to interact, discuss common topics

Regulation and Compliance
Jan 04, 2022