ICBA congratulated Travis Hill on his appointment as acting chairman of the FDIC and said it looks forward to future collaboration on his stated objectives for the agency.
Hill Appointment: In a statement following his appointment, Hill said the agency will soon conduct a “wholesale review of regulations, guidance, and manuals” to ensure they promote a vibrant economy.
ICBA Letter: ICBA told Hill it looks forward to working with him on his near-term goals:
Promoting tiered regulation.
Withdrawing problematic proposals.
Supporting de novo bank formation.
Simplifying Community Reinvestment Act regulations.
Streamlining review of community bank mergers.
Supporting technology adoption.
ICBA Advocacy: Hill’s policy priorities align with ICBA’s “Repair, Reform, and Thrive” plan offering a regulatory and legislative agenda to fix broken regulations harming communities, unleash the power of locally based banking, and fuel the future of community banking.
