Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Consumer Financial Protection Bureau proposed rule to implement Section 1033 of the Dodd-Frank Act.

Senior ICBA staff and ICBA’s De Novo Working Group met with FDIC Acting Chairman Travis Hill to discuss regulatory challenges that de novo banks face.

Disinflation appeared to stall during the first half of the year while labor market conditions remained solid, according to the minutes of the Federal Open Market Committee’s July 29–30 meeting.