Industry urges OCC to halt proposal restricting use of bank premises


The agency's plan would strengthen requirements that banks use a minimum amount of their real estate for the business of banking, but three grade groups say banks need flexibility in the pandemic to manage occupancy.



ICBA revives credit union attacks after pandemic lull


The bank trade group called for lawmakers to revoke the industry’s tax exemption and suggested that credit union acquisitions of banks create a “brain drain” of local lending expertise that could slow any economic recovery.


Wall Street’s Cohn is wrong about community banks


The assertion by former Goldman Sachs executive Gary Cohn that smaller banks won't be viable in a high-tech world overlooks their success in partnering with fintechs, according to the Independent Community Bankers of America.


The partners that can help Fed speed launch of real-time payments


The central bank must engage core processors, community banks and The Clearing House if it wants to move quickly on building out its FedNow system.


FDIC's brokered deposit proposal has a glaring problem


The plan would encourage more risk-taking by big banks, which would put the industry and taxpayers in harm’s way, write former CFPB Director Richard Cordray and Camden Fine, onetime head of the Independent Community Bankers of America.


Are public-private partnerships the future of postal banking?


Bankers have long opposed the idea of the U.S. Postal Service taking deposits and making loans directly, but some in the industry are open to the idea of letting banks and credit unions offer services at post offices.


Rakuten again withdraws application for bank charter


The Japanese conglomerate first applied for deposit insurance in July 2019 and again in May 2020.


Banks call on Congress to freeze new ILC approvals


Two trade organizations and a consumer group urged lawmakers to establish a three-year moratorium to block the charter bids of companies that they said were attempting to skirt regulatory requirements.