Prior to Dodd-Frank, federal law often preempted state law. Under the new analysis, that is generally no longer the case. As a result, banks of all sizes and charters have had to pay more attention to state law.
There would be no hesitancy in 2020, when the pandemic closed the American economy. In just three months, the federal government has spent trillions to mitigate the economic distress.
Provisions of OCC final rule will make CRA examination more consistent and predictable and have enjoyed widespread support. Other portions of the rule have been met with skepticism, and much work remains for all agencies.
Wendy Cai-Lee leads one of the latest crop of U.S. de novo banks: Piermont Bank, opened to address “pain points” faced by middle-market businesses.
Your communications in times of crisis—what you say and how you say it—are just as important as being able to deliver the message.