The U.S. House Financial Services Committee chairman, French Hill, issued a statement congratulating Acting Federal Deposit Insurance Corporation (FDIC) Chairman Travis Hill and welcoming his recently outlined priorities, saying they echo Hill’s “Making Community Banking Great Again” principles and align with a focus on maintaining stability and public confidence in the financial system. The committee highlighted areas of overlap including greater openness to innovation and additional clarity on bank-fintech partnerships, a review of the cumulative impact of regulations and supervisory materials, rescission of the 2024 Statement of Policy alongside a timelier bank merger review process, withdrawal of the 2024 brokered deposits proposal, and improvements to supervision and the supervisory appeals process. Other cited priorities included encouraging more de novo bank activity and ensuring law-abiding customers maintain access to bank accounts and banking services.
U.S. Financial Services Committee 2025-01-22
U.S. House Financial Services Committee chairman applauds Acting FDIC chair’s priorities on innovation, merger reviews and brokered deposits
U.S. House Financial Services Committee chairman French Hill praised Acting FDIC Chairman Travis Hill's priorities, which focus on stability and public confidence in the financial system. Key areas include openness to innovation, clarity on bank-fintech partnerships, regulatory impact review, and improvements in supervision and appeals processes. Additional priorities involve encouraging de novo bank activity and ensuring access to banking services for law-abiding customers.