Jul08 OBL Submits FDIC Comments Opposing Proposed Hicksville Bank Acquisition

Last Wednesday, the Ohio Bankers League submitted formal comments to the Federal Deposit Insurance Corporation opposing the proposed transfer of substantially all of the assets and liabilities of The Hicksville Bank to Interra Credit Union, an Indiana state-chartered, privately insured credit union.

This is an important moment for Ohio’s banking industry, and OBL has been fully engaged.

Jul01 Banks Seeing Increased Demand Letters and Litigation Threats Over Website Tracking Technologies

OBL has recently become aware of an uptick in demand letters, class action litigation, and threats of litigation targeting banks and other businesses over commonly used website technologies. These claims generally focus on whether a business’s website, email marketing platform, search function, online form, analytics tool, advertising pixel, chatbot, or other embedded software collects or transmits visitor information to third-party vendors without sufficient notice or consent.

Jul01 Congressman Joyce Reintroduces SAFE Banking Act

Ohio Congressman Dave Joyce has reintroduced the Secure and Fair Enforcement Banking Act, bipartisan legislation that would finally provide needed legal clarity for financial institutions serving state-legal cannabis businesses. The bill would prevent federal banking regulators from penalizing, discouraging or restricting banks that choose to provide financial services to cannabis-related businesses operating legally under state law.