Legislation introduced last week would repeal the Durbin Amendment, a provision of Dodd-Frank that created government-mandated price fixing of interchange rates on payment card transactions. The measure, H.R. 5465, was introduced by Chairman Randy Neugebauer of Lubbock.
Mark your calendar for the 143rd Assembly for Bank Directors at the Ritz-Carlton in New Orleans, September 15-18, 2016. You’re invited to join your bank director and senior management peers from across North America forCommunity Banking: Achieving and Sustaining a Competitive Advantage,offered by the SW Graduate School of Banking Foundation.
Calling all CRA and marketing officers!
Over the past couple of weeks, IBAT staff has heard from many community bankers and other trade associations representing small business about the potential draconian effects of the Department of Labor’s (DOL) new overtime rule. The rule has sparked much controversy because it essentially doubles the threshold to be exempt from the Fair Labor Standards Act.
In Speaker of the House Paul Ryan’s “Better Way” speech to America last week, he unveiled his comprehensive legislative vision for the next Congress. On the heels of Chairman Jeb Hensarling’s proposal to replace the Dodd-Frank Act, Ryan’s “Better Way” plan includes a number of similar proposals aimed at reducing regulatory burden on the nation’s financial institutions. Among the proposals in Ryan’s plan are: