Trump has appointed Travis Hill as acting chairman of the FDIC, the White House announced to Reuters
By Pete Schroeder
WASHINGTON (Reuters) – President-elect Donald Trump on Monday nominated Federal Deposit Insurance Corporation Vice President Travis Hill to lead the agency in an acting role, the White House said.
Hill, also considered a front-runner for the permanent job, has worked on banking policy and regulation in Washington for more than a decade. He has served as FDIC vice chairman since 2023. He was previously a senior adviser to then-FDIC Chairman Jelena McWilliams, who led the agency during Trump’s first term.
Hill, who could not immediately be reached for comment through a spokesman, takes over from FDIC Chairman Martin Gruenberg.
Before the FDIC, Hill served as counsel to the Senate Banking Committee, where he helped the panel advance legislation that eased post-crisis rules for regional banks, establishing a new “tailored” regulatory system for all but the nation’s largest lenders.
At the FDIC, Hill criticized efforts by Democratic regulators to impose tough new capital rules on larger banks, known as the “Basel III endgame.” He also disputed efforts to create a new framework that would require big asset managers to prove they have not influenced the banks in which they hold large stakes.
Hill will lead the agency, which is undergoing a major overhaul after revelations of widespread sexual harassment and misconduct by employees in the watchdog.
Hill called for a comprehensive review of the FDIC’s culture and policies, including identifying and holding accountable employees who engaged in misconduct.
