NAIB Applauds Senate Confirmation of Travis Hill as FDIC Chairman
The National Association of Industrial Bankers (NAIB) applauds yesterday’s Senate vote to confirm Travis Hill as Chairman of the Federal Deposit Insurance Corporation (FDIC).
“We are confident Chairman Hill will ensure the consistent regulatory framework that is essential to safety, soundness, and diversification across the banking industry,” said NAIB Executive Director Frank Pignanelli. “Industrial banks serve consumers, families, and small businesses nationwide with secure, affordable, and competitive financial services.”
“The association is especially appreciative of Chairman Hill's commitment to new bank applications, ensuring a healthy pipeline of new entrants in the banking sector," said Pignanelli. "We urge the FDIC to fulfill its commitment to a fair, timely, and transparent review of industrial bank applications that meet both state and federal requirements. Industrial banks are committed to providing access to specialized credit and innovative lending and payment solutions tailored to meet our customers’ needs, especially borrowers that are not fully served by traditional banks.”