The acting chair of the Federal Deposit Insurance Corp. spoke at length about “debanking” at an industry event Sunday, telling bankers the agency must “make sure that our regulatory approach is not pushing banks to debank law-abiding customers.”
Acting FDIC Chair Travis Hill, a GOP appointee and former counsel on the Senate Banking Committee, is in the running to be the Trump administration nominee to lead the agency. Debanking has been brought to the fore by the crypto industry and its venture capital backers. Hill said the issue would be “something that we will be putting a lot of thought into.”
