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Trump reversal on rules hits financial services with 'wholesale' FDIC review

By Neil Roland ( January 21, 2025, 23:04 GMT | Comment) -- A day after President Donald Trump’s inauguration, his overhaul of Biden-era policies has reached financial services with the US Federal Deposit Insurance Corp. announcement today of a “wholesale” review of its rules.Travis Hill, the Republican vice chair of the agency who was appointed acting chair yesterday, issued a laundry list of plans he wants to undertake in the weeks and months ahead. The most concrete was a replacement of the 2024 Statement of Policy that the Biden administration adopted to slow bank mergers and subject them to more measured review.A day after President Donald Trump’s inauguration, his overhaul of Biden-era policies has reached financial services with the US Federal Deposit Insurance Corp. announcement today of a “wholesale” review of its rules....

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