James Bullard, president and CEO of the Federal Reserve Bank of St. Louis, today announced that he will step down Aug. 14 to become the inaugural dean of the Mitchell E. Daniels Jr. School of Business at Purdue University. First VP and COO Kathleen O’Neill Paese has assumed the duties of interim CEO in preparation for Bullard’s exit. The bank’s board of directors has formed a search committee to find a replacement.
ABA, associations reaffirm support for federal preemption of Illinois interchange law
ABA joined other national associations and state bankers associations in submitting a trio of letters expressing their support for recent actions by the OCC to reaffirm federal preemption of state attempts to regulate interchange fees, as in Illinois.









