Trump Taps Travis Hill as Acting FDIC Chair

President Donald Trump picked Travis Hill to serve as the acting head of the Federal Deposit Insurance Corp., according to a statement.

Hill, a Republican, served as FDIC vice chairman. He criticized some of the proposals championed by former FDIC head Martin Gruenberg, who departed the agency on Jan. 19.

Travis Hill

Photographer: Amanda Andrade-Rhoades/Bloomberg

The FDIC has been under intense scrutiny for more than a year following allegations of widespread harassment and discrimination. Gruenberg had faced mounting pressure to resign after a report by an outside law firm questioned whether he was the right person to fix the toxic culture.

The ...