President Trump has nominated Travis Hill to be FDIC chairman. Hill has served as acting chairman of the agency since January.
In his current position, Hill has launched what he said is a wholesale review of agency regulations, guidance and manuals “to ensure our rules and approach promote a vibrant, growing economy.” Among other things, the FDIC has removed reputational risk from supervision and plans to revise its approach to resolution planning and de novo bank formation.
In a statement, ABA President and CEO Rob Nichols said Hill has demonstrated a keen understanding of the complex policy issues facing our financial system.
“He has also taken significant steps to address misguided regulations put in place under the FDIC’s prior leadership and helped restore confidence in the agency,” Nichols said. “We urge the Senate to quickly confirm Hill to this important position.”
