Sep23 FDIC Proposes Broad Merger Review Reforms, Reflecting Key OBL Concerns

The FDIC has proposed a comprehensive overhaul of its bank merger review process aimed at providing greater certainty, reducing regulatory burden, and modernizing how the agency evaluates competition and community impact. For Ohio banks, the proposal offers the prospect of more predictable decisions and streamlined applications, while also addressing concerns OBL has raised about credit unions purchasing banks.

Sep16 CLARITY Act Stalls in Senate, Leaving Opportunity to Strengthen Local Lending Protections

The Senate yesterday failed to advance the CLARITY Act, with cloture on the motion to proceed falling short by a vote of 49–50, below the 60 votes required. All Democrats present voted against advancing the bill, joined by four Republicans: Susan Collins (Maine), Josh Hawley (Missouri), Jerry Moran (Kansas) and Thom Tillis (North Carolina). Tillis switched his vote to “no” as a procedural step to preserve the ability to seek reconsideration. The result stalls the digital asset legislation and leaves its path forward uncertain.

Sep16 More Than a Name on a Stadium: The Changing Credit Union Business Model
Stadium naming rights are not, by themselves, the issue. What they reveal about the modern credit union business model is.