News
Leaders Try to Move Crypto-Related Legislation
The House may soon vote on legislation that would dictate how the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) oversee cryptocurrencies. A provision...
Fed Proposals on Artificial Intelligence and Banking
In a speech last week, Acting Comptroller of the Currency Michael Hsu’s remarks contained new public statements about the impact of artificial intelligence (AI) on banking. In his remarks,...
Navy Federal Credit Union Co-opts Term “Community Bank”
Last week, the Navy Federal Credit Union announced that it has begun operating military banking facilities in 60 locations in Europe and the Pacific as part of its previously...
Call to Action: Speak Out Against Farm Credit Expansion
IBAT, along with ICBA, is calling on members to weigh in with their members of Congress on items of importance in the pending Farm Bill, including opposition to proposals...
Important Update: Credit Card Fee Court Challenge
Last week’s edition of Bottom Line noted formal claims by the Consumer Financial Protection Bureau (CFPB) that a Texas-based lawsuit challenging the bureau’s rule on credit card late fees...
IBAT Advocates for Banks Harmed by TxDOT Bond Call
Yesterday, IBAT President and CEO Christopher Williston appeared before the Texas Transportation Commission to provide public comment on the Commission’s announced plans to exercise a make-whole call provision on...
FRB Proposal to Lower Maximum Interchange Fee
Last week, IBAT filed a comment letter in opposition to the Fed’s proposal to lower the maximum interchange fee for large issuers. In the comment letter, IBAT stressed that...
IBAT Takes the Voice of Community Banking to D.C.
Last week, more than 120 Texans stepped up to take the voice of community banking to Capitol Hill. In total, IBAT members met with 28 members or staff of...
IBAT Sues Federal Banking Agencies for CRA Overreach
IBAT joined the Independent Community Bankers of America, Texas Bankers Association, U.S. Chamber of Commerce and others in filing a lawsuit in the Northern District of Texas against the...