“The American Fintech Council fully and enthusiastically supports the nomination of Acting Chairman Travis Hill to lead the Federal Deposit Insurance Corporation (FDIC) and is excited to continue our work together. Mr. Hill is a highly qualified and forward-thinking regulator who approaches his role with a pragmatic and consumer-centered mindset while showing an unparalleled commitment to encouraging responsible innovation in financial services.

“As responsible innovators develop new banking products that give families greater flexibility and control over their finances, it is essential that the FDIC and other prudential regulators are responsive to new products and progress. We have no doubt that once confirmed, Mr. Hill will continue to reinvest in the tools and resources the FDIC needs to support responsible innovation and provide much-needed regulatory modernization.

“As a standards-based organization that embraces appropriate regulation, AFC and our members look forward to continuing to work with Mr. Hill to ensure a resilient financial services industry that remains at the forefront of innovation.”

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