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
CFPB Reports Trends In Financial Assistance

The latest developments from this study reveal that most consumers have exited the payment assistance they received at the start of the pandemic.

Analysis and Data
Jul 14, 2021
CFPB Orders GreenSky To Refund $9M In Unauthorized Loans

The consent order requires GreenSky to refund or cancel up to $9 million in loans for the customers harmed by this illegal conduct.

Regulation and Compliance
Jul 13, 2021
CFPB Warns Landlords And Consumer Reporting Agencies To Report Accurate Rental Information

Inaccurate rental or eviction information can unfairly block families and individuals from safe, affordable housing.

Regulation and Compliance
Jul 01, 2021
FHFA Mandates Quarterly Fair Lending Reports

FHFA issued orders for all enterprises to submit quarterly Fair Lending Reports with data and information to improve the FHFA’s capabilities. 

Regulation and Compliance
Jul 01, 2021
FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End

The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure that would be prohibited by the CFPB protections for borrowers affected by COVID-19.

Regulation and Compliance
Jun 30, 2021
CFPB Finds Evidence Of Redlining And Deceptive Acts In 2020

Enforcement actions resulted in more than $124 million in consumer remediation and civil money penalties in 2020

Regulation and Compliance
Jun 29, 2021