Community Banks and Credit Unions

The National Credit Union Administration’s proposal to modernize the rules governing mergers of federally insured credit unions was met with mixed reviews from banks and credit unions. Read on »

Newly introduced legislation authorizing banks to legally finance state-licensed cannabis businesses represents the latest in a long line of attempts to create such a “safe harbor” for financial institutions over the past seven years. Read on »

The Federal Deposit Insurance Corp. published a notice of proposed rulemaking on June 25 to streamline certain resolution planning requirements applicable to banks with $50 billion to $100 billion. Read on »

Lawmakers in the House and Senate reached a deal to reconcile their respective versions of the 21st Century ROAD to Housing Act on June 16, bringing Congress seemingly to the precipice of passing the long-awaiting housing legislation. Dodd Frank Update sought insight from Garris Horn Co-Managing Partner Troy Garris about what lenders should know. Read on »

The U.S. District Court for the Northern District of Illinois issued an injunction on June 1, preventing Illinois from enforcing a law prohibiting financial institutions – including national banks and federal credit unions – from charging credit or debit card fees on the sales tax and gratuity portions of a transaction. Read on »

Financial services trade organizations welcomed the House’s 224-200 vote in favor of advancing its version of the Farm, Food, and National Security Act of 2026 (H.R. 7567), also known as the “Farm Bill,” to the Senate. Read on »

The Consumer Financial Protection Bureau released a final rule implementing small business lending requirements outlined under Sec. 1071 of the Dodd-Frank Act. The scope of the final rule is significantly narrower than the previous version finalized in March 2023 and leaves open the possibility for future amendments. Read on »

The federal banking regulators lowered the community bank leverage ratio (CBLR) via a final rule issued on April 24. By lowering the CBLR requirement, the agencies hope to encourage more community banks to adopt the framework. Read on »

The House Financial Services Committee voted to advance legislation to partially nullify a Consumer Financial Protection Bureau rule requiring financial institutions to collect data on certain small business credit applications, among others. Read on »

When Congress enacted the Dodd-Frank Wall Street Reform and Consumer Financial Protection Act in July 2010 amid the wreckage of the 2008 financial crisis, the financial services industry had no shortage of questions about the sweeping implications of the new law. Within a year, October Research, LLC, added a new publication to its portfolio with a mission to answer those questions and called it Dodd Frank Update. We have appreciated the positive feedback from the industry over the years affirming that our coverage in this space is among the most comprehensive available. Read on »