Community Banks
Tag: Community Banks
OCC Debanking Report Recognizes Impact of Texas Law
The Office of the Comptroller of the Currency’s (OCC) “Guaranteeing Fair Banking for All Americans” final debanking report targets the nation’s nine largest national banks, but its findings carry...
Attorney General Revisits SB 17 Rules
The Texas Office of the Attorney General (OAG) has proposed new rules to implement and enforce Senate Bill 17 (SB 17), which restricts certain individuals and entities connected to...
Charles E. Potts Named President of DTX, LLC
IBAT has named Charles E. Potts as President of DTX, LLC (DTX), the association’s consortium for the development and deployment of digital asset technology for the good of community...
FDIC Speeds Up Deposit Insurance Applications
Last week, the Federal Deposit Insurance Corporation (FDIC) announced a new two-phase process for reviewing deposit insurance applications, intended to encourage new bank formation and speed up the review. Under the...
Executive Orders: Key Takeaways for Community Banks
On May 19, President Trump issued two executive orders, each bearing significant implications for the present and future of Texas community banking. The first, Restoring Integrity to America’s Financial System,...
ROAD to Housing Act Returns to Senate
Texas community banks have been waiting for this one. When the Senate passed the 21st Century ROAD to Housing Act in March, it stripped out the House-approved community bank...
IBAT Pushes Back on Stablecoin Effort to Bypass Banks
Last week, the cryptocurrency industry clarified its desire and intent to circumvent the American banking system. In a letter of support for the creation of so-called “skinny accounts” at the Federal...
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...