Industry
Category: Industry
Senate Bill Aims to Close Industrial Loan Company Loophole
Following last week’s announcement that the Federal Deposit Insurance Corporation (FDIC) approved Ford Motor Company and General Motors Company to establish industrial loan companies, a bipartisan bill was introduced in the U.S. Senate...
Compliance Costs Push Smallest Banks Toward Extinction
In an opinion piece published earlier this month, Chief Economist for the Conference of State Bank Supervisors (CSBS) Thomas Siems called upon Congress to address the “regulatory structure that continues to...
House FS Committee Push for Regulatory Right-Sizing
Last week, the House Financial Services Committee advanced several bills to address community bank regulatory burden, including: During the markup, Ranking Member Maxine Waters (D-CA) offered an ICBA-opposed amendment to H.R....
FDIC Approves Carmakers’ Bids to Establish Banks
Last week, the Federal Deposit Insurance Corporation (FDIC) approved deposit insurance applications from Ford Motor Company and General Motors Company, paving the way for the automakers to establish their own industrial...
IBAT Flags Technical Flaw in the Clarity Act
IBAT sent a letter to Senate Banking Committee Chairman Tim Scott (R-SC) and Senators John Cornyn (R-TX) and Ted Cruz (R-TX) outlining a key flaw in Section 401 of...
Clarity Act Markup Stalls After Crypto Industry Blowup
Senate Banking’s long-anticipated markup of the Digital Asset Market Clarity Act of 2025 (H.R. 3633) was shelved at the last minute after the largest U.S. crypto exchange publicly walked...
Chairman Hill Introduces Legislative Package
Last week, French Hill, Chairman of the House Financial Services Committee, introduced the Main Street Capital Access Act (H.R 6955), a comprehensive legislative package developed alongside Financial Institutions Subcommittee...
IBAT Advances Deposit Insurance Reform Proposal
As federal policymakers continue active discussions around potential deposit insurance reform, IBAT recently sent a detailed letter to House Financial Services Committee leadership—including Chairman French Hill and Financial Institutions Subcommittee Chairman...
The Texas Independent Banker: Winter 2025 Issue
The Winter 2025 edition of IBAT’s magazine, The Texas Independent Banker, is now available online. In this issue, IBAT highlights its Year-End Checklist, looks back at the 51st Annual...