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News - Independent Bankers Association of Texas
Texas Election and Lame Duck Preview
Yesterday marked the end of voter registration in Texas, and it has now entered the final 29-day countdown to the November 3 General Election. Regardless of how the elections...
ICBA Challenges OCC Trust Charter Approvals
On Friday, the Independent Community Bankers of America (ICBA) filed a lawsuit against the Office of the Comptroller of the Currency (OCC) over its approval of national trust charters...
Charles E. Potts Named President of DTX, LLC
IBAT has named Charles E. Potts as President of DTX, LLC (DTX), the association’s consortium for the development and deployment of digital asset technology for the good of community...
American Banker: 1033 Rule Legal Challenge
As the industry awaits a new proposed rule from the Consumer Financial Protection Bureau (CFPB) implementing the “open banking” provision found in Section 1033 of the Dodd-Frank Act, industry...
Eight Waffles Later: A PAC Challenge to Remember
Last week, IBAT’s President and CEO Christopher Williston joined Texas Bank and Trust (TB&T) Chairman & CEO Rogers Pope, Jr., at a Longview-area Waffle House, where the two faced...
FDIC Speeds Up Deposit Insurance Applications
Last week, the Federal Deposit Insurance Corporation (FDIC) announced a new two-phase process for reviewing deposit insurance applications, intended to encourage new bank formation and speed up the review. Under the...
FinCEN Beneficial Ownership Rule Clarification
Last week, the Financial Crimes Enforcement Network (FinCEN) issued a final rule permanently removing the requirement that U.S. companies and U.S. persons report beneficial ownership information to the agency under the...
Three Fintech Innovators Selected to Advance IBAT DTX
Today, IBAT announced the selection of Rimark, Infinant and Privacy Lock as technology partners for IBAT DTX, advancing a collaborative, community bank-focused approach to tokenized deposits and digital banking...
Housing Bill Takes Effect (Community Banking Provisions)
Following a 10-day wait in which President Trump declined to sign or veto the bill, the 21st Century ROAD to Housing Act officially took effect on July 10. The final bill passed with...