Hill says FDIC will work with current board; vacancies are an administration decision
Asked whether vacant FDIC board seats undermine legitimacy, Chairman Travis Hill said board composition and nominations are decisions for the administration and that he will work with the current three‑member board; he did not describe policy changes or resignations.
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Reporters asked whether the administration’s decision not to fill current FDIC board vacancies affects the legitimacy of board decisions. Ebrima Santos Sanneh of American Banker asked why seats remain unfilled and whether that matters for the agency’s authority.
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