Community Banking
Tag: Community Banking
American Banker: 1033 Rule Legal Challenge
As the industry awaits a new proposed rule from the Consumer Financial Protection Bureau (CFPB) implementing the “open banking” provision found in Section 1033 of the Dodd-Frank Act, industry...
Eight Waffles Later: A PAC Challenge to Remember
Last week, IBAT’s President and CEO Christopher Williston joined Texas Bank and Trust (TB&T) Chairman & CEO Rogers Pope, Jr., at a Longview-area Waffle House, where the two faced...
A Big Week in the Interchange Fight
Last week brought a notable defeat for the swipe fee fight in the states when Colorado Gov. Jared Polis vetoed Senate Bill 26-134, a measure that would have barred payment card...
WSJ: Big Banks Plan Deposit Tokenization Efforts
Last week, the Wall Street Journal (WSJ) reported that The Clearing House had launched plans to build a tokenized deposit network. The Clearing House is owned by JP Morgan...
Executive Order Targeting “Non-Work Authorized Individuals”
On Friday, FinCEN issued an Advisory addressing non-work authorized populations and their employers as related to BSA/AML and other supervisory concerns for banks. While the advisory raises a number of concerns,...