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OCC announces ICBA-advocated supervision restructuring
Following ICBA advocacy, the OCC announced it will reverse its ICBA-opposed plan to merge its community, midsize, and large bank supervision functions into a single unit.
ICBA Urges FDIC to Reject Applications Under Industrial Loan Company Loophole to Prevent Risks to Consumers
ICBA told the FDIC that it has a statutory duty to reject the applications of industrial loan companies (ILCs) that pose undue risks to the Deposit Insurance Fund and that fail to serve the...
ICBA urging comments to FDIC on raising regulatory thresholds
ICBA is calling on community bankers to submit comments this week on the FDIC’s proposal to adjust and index certain regulatory thresholds, most notably Part 363 independent audit and reporting...
Fed’s Miran: Interest rates too restrictive
New Federal Reserve Governor Stephen Miran said the Fed’s target interest rate is roughly 2 percentage points too tight, risking unnecessary layoffs and higher unemployment.