Jul15 Tell Congress to Pass the Main Street Capital Access Act

Ohio bankers have an important opportunity to advance one of the most comprehensive community bank regulatory relief packages considered by Congress in years. The Ohio Bankers League is asking every member banker to send a grassroots email urging Congress to support and pass the Main Street Capital Access Act, H.R. 6955.

The legislation contains more than two dozen provisions designed to strengthen locally based banks, better align regulation with actual risk and allow bankers to devote more resources to serving customers and communities. While federal regulators have made positive changes during the current administration to improve the way community banks are examined, the Main Street Capital Access Act would codify those reforms in law so they remain durable through future changes in political leadership.

Jul15 Federal Regulators Issue New Lending Guidance on Borrowers Without Work Authorization
Federal banking regulators have issued new joint guidance reminding financial institutions to carefully evaluate the credit risks associated with lending to individuals who are not legally authorized to work in the United States.

Jul15 OBL Urges Greater Clarity in Stablecoin Legislation

The OBL continues to support responsible financial innovation while advocating for a regulatory framework that protects consumers, preserves the stability of the banking system and promotes fair competition.

As Congress considers digital asset legislation, the OBL has joined banking associations from across the country in urging lawmakers to strengthen provisions governing payment stablecoins. Specifically, the coalition is calling for targeted revisions to ensure payment stablecoins function as payment tools and not as substitutes for traditional bank deposits