Senator Elizabeth Warren, along with other Democratic lawmakers, has raised concerns over the Federal Deposit Insurance Corporation's (FDIC) decision to rescind more than 200 job offers for bank examiners. In a letter to FDIC Inspector General Jennifer Fain, Warren and her colleagues argued that the staffing shortages could threaten the stability of the banking system. They cited the failure of Signature Bank in 2023, which was attributed to supervisory delays and canceled exams due to a lack of examiners. Additionally, Warren and Representative Maxine Waters have questioned Federal Reserve Chair Jerome Powell on the potential weakening of bank stress test frameworks and the absence of consumer compliance oversight by the Consumer Financial Protection Bureau (CFPB). Powell acknowledged that without the CFPB, no other federal regulator is conducting consumer compliance exams for major banks like JPMorgan and Wells Fargo. Warren also called on Powell to consider the next 18 months as critical to his legacy and the public's trust in the Federal Reserve. The debate highlights broader concerns about financial oversight and regulatory capacity in the wake of federal hiring freezes under President Donald Trump, though some, including Senator Pete Ricketts, argue that state banking departments also play a role in consumer protection.