House Financial Services Committee Chairman French Hill has expressed support for Acting FDIC Chairman Travis Hill's recently outlined priorities. These priorities align with the principles of Chairman French Hill's "Making Community Banking Great Again" (MCBGA) initiative.
Chairman French Hill stated, “I congratulate Travis Hill on his designation as Acting Chairman of the FDIC. The priorities Acting Chairman Travis Hill outlined this week demonstrate that he understands how critically important it is that the FDIC focus on its mission of maintaining stability and public confidence in our nation’s financial system. I look forward to working with the FDIC to ensure that banks of all sizes can serve communities across our nation and remain a source of strength for our economy.”
The priorities mentioned by Acting FDIC Chairman Travis Hill include increasing openness to innovation, reviewing regulations' cumulative impact, rescinding certain policies from 2024, withdrawing specific proposals criticized by MCBGA principles, improving supervisory processes, encouraging new banking activities, and ensuring access to banking services for law-abiding customers.
These steps reflect a shared vision between both Hills to maintain a stable financial system while promoting growth and innovation within the banking sector.