Following his appointment as acting chairman of the FDIC, Travis Hill pledged to conduct a “wholesale review” of the agency’s regulations, guidance, and manuals.
Hill Statement: In a statement following his appointment, Hill shared a list of matters the FDIC is set to focus on in the coming weeks and months. In addition to the regulatory review, Hill also cited priorities such as withdrawing problematic proposals from the past three years, improving the supervisory process, and encouraging more de novo activity.
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.