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Acting Comptroller of the Currency Rodney Hood reaffirmed the OCC’s support of preemption as a cornerstone of the dual banking system and fundamental to the operation of the federal banking system.
Details: In a letter responding to a Conference of State Bank Supervisors request that the OCC rescind its preemption regulations in light of recent executive orders from President Donald Trump, Hood said the OCC’s preemption regulations are consistent with federal law and Supreme Court precedent and enable local and national prosperity and growth.
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Michelle Bowman was sworn in as Federal Reserve vice chair for supervision.
ImageJun 10, 2025
The Independent Community Bankers of America (ICBA) applauded Federal Reserve Vice Chair for Supervision Michelle Bowman on today’s remarks outlining a fresh approach to the agency’s supervision and regulation.
ImageJun 6, 2025
The House of Representatives passed ICBA-backed legislation to protect the integrity of the Small Business Administration 7(a) program so it can continue to reach more borrowers and support local economic development.
ImageJun 6, 2025
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