Despite ICBA’s persistent communications on the negative impact of Durbin Amendment interventions on payment card systems, this latest iteration of Durbin only compounds the prior harm and furthers the misguided policies of the past that will inevitably lead to significant disruption in credit markets and consumer spending, if passed.

The FDIC announced that the Deposit Insurance Fund reserve ratio has reached 1.38 percent, triggering the distribution of approximately $764 million in assessment credits for community banks with assets under $10 billion.

With the holidays almost here, community banks recently received some good news that has been years in the making. The FDIC announced that the Deposit Insurance Fund reserve ratio has surpassed 1.35 percent, triggering approximately $750 million in assessment credits for community banks with assets under $10 billion.