Browsing: Community Banking

Community Banking

The dividends that regional Federal Reserve Banks pay to member banks on the stock they are required to hold is a historically important part of attracting banks to join the Federal Reserve System and limiting the shadow banking sector, according to a research brief released today by the Federal Reserve Bank of Richmond.

Community Banking

Proposed regulations from the National Credit Union Administration would render the concept of a common bond between credit union members meaningless, ABA said in a comment letter filed today. NCUA has proposed to expand the already loose fields of membership from which federal credit unions can draw their customers.

Community Banking

Acknowledging negative developments on Capitol Hill at the end of 2015 and “misguided and unfortunate” anti-bank rhetoric from presidential candidates, ABA President and CEO Rob Nichols today told the Exchequer Club in Washington, D.C., that the banking industry needs to unify in preparation for achieving meaningful regulatory relief in 2017.

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