The U.S. House of Representatives passed legislation this week that seeks to ensure that community banks are not subject to the same examination requirements as the nation’s largest financial instit...
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The Commodity Futures Trading Commission (CFTC) filed an amicus brief in the U.S. Court of Appeals for the Sixth Circuit on Tuesday that asserts the agency’s exclusive jurisdiction over prediction m...
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The U.S. House of Representatives unanimously passed legislation that seeks to modernize the examination process for community banks and credit unions. The Supervisory Modifications for Appropriat...
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Tri-County Bank, based in Brown City, Mich., is acquiring Mayville Financial Corp. and its subsidiary Mayville State Bank. The combined bank, which will operate under the Tri-County brand, will hav...
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The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued an alert to help financial institutions identify and stop funding networks supporting Iran’s Islamic Revolutiona...
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The American Bankers Association, among other financial trade associations, are urging Senate Banking Committee leaders to make technical refinements to the stablecoin bill, the CLARITY Act. Specif...
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Cincinnati-based Fifth Third Bancorp recently closed on its purchase of California-based Mechanics Bank’s Delegated Underwriting and Servicing (DUS) business line. The deal includes a $1.8 billion u...
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The U.S. Small Business Administration announced up to $50 million in grant funding will be available to as many as 10 organizations to provide training and technical assistance to support small manuf...
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Former First National Bank of Lindsay (FNBL) President and CEO Danny Seibel pleaded guilty on Thursday to one count of bank fraud. A federal district court judge will determine his sentence, but Seibe...
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The Office of the Comptroller of the Currency (OCC) released its Semiannual Risk Perspective last week, highlighting the key issues facing the federal banking system. The report found that bank ear...
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