Category Legislation

New Bill Would Alleviate CFPB Processes for Community Banks

Last week, Dan Coats, United States Senator for Indiana, introduced legislation that would lighten the burden on community banks and credit unions. The Community Financial Protection Act would modify the way in which the Consumer Financial Protection Bureau (“CFPB”) requests information about financial institutions with less than $10 billion in assets. Most significantly, the bill […]

Bill Introduced to Require Study of Basel III Impact on Community Banks

Senator Joe Manchin (D-W.Va.) and Sen. Dean Heller (R-Nev.) have introduced legislation supported by the American Bankers Association that requires a comprehensive study of new capital proposals’ impact on community banks and other institutions before any final rules can be issued.  The Basel Committee on Banking Supervision’s third banking supervision accords (Basel III) have come […]

North Carolina Modernizes Banking Laws

North Carolina’s banking laws have been comprehensively updated for the first time in 80 years and provide the state with one of one of the most modern banking systems in the country. Effective October 1, 2012, the bipartisan legislation is a product of compromise and joint effort on the part of legislators, banks and consumer […]