On the latest episode of the ABA Banking Journal Podcast, Minnesota community bank CEO Bryan Bruns talks about what community banking looks like in his market, his bank’s recent anniversary and his role as a member of the Consumer Financial Protection Bureau’s Community Banker Advisory Board.
If you can’t see the audio player above, click here to listen to this week’s episode.
President and CEO
Lake Central Bank
Deputy Editor
ABA Banking Journal
Senior Counsel
ABA
California regulators on Friday closed Nano Banc of Irvine and appointed the FDIC as receiver. Sunwest Bank of Sandy, Utah, has agreed to assume substantially all deposits and purchase certain assets of the bank.
The Democratic members of the House Financial Services Committee warned banking regulators against “weakening” the Community Reinvestment Act and requested more time for public comment on proposed changes to rules implementing the law.
As it seeks to implement the Genius Act, the OCC should consider additional factors when reviewing applications from non-bank entities requesting to become payment stablecoin issuers, and it should seek public comment on those applications, ABA and three...
The Federal Trade Commission said it will explore possible rulemaking to prevent online platforms from using ad-optimization practices that exacerbate impersonation scams. ABA welcomed the announcement.
The Federal Reserve proposed new rules to require payment stablecoin issuers under its supervision to back their stablecoins with certain reserve assets, and to establish an application process for state member banks seeking to create subsidiaries that issue...
Banking across state lines is seamless. Its regulatory treatment should be, too.
