Jul22 US House Passes Main Street Capital Access Act with Strong Bipartisan Support
The U.S. House of Representatives has passed the Main Street Capital Access Act, a sweeping banking package designed to promote new bank formation, modernize bank supervision and provide meaningful regulatory relief for well-managed financial institutions.

Jul22 Another OBL Legal Victory: Ohio Supreme Court Protects Financial Institutions from Expansive Securities Liability

The Ohio Bankers League has secured another important legal victory for Ohio’s financial-services industry.

In Bitounis v. Interactive Brokers, L.L.C., Slip Opinion No. 2026-Ohio-2268, the Supreme Court of Ohio reversed the Eighth District Court of Appeals and reinstated the trial court’s dismissal of claims against Interactive Brokers. The Court held that a brokerage firm performing routine business activities for a customer after that customer unlawfully sold securities did not “participate or aid” in those sales and therefore could not be held jointly and severally liable under R.C. 1707.43(A). 

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.