Latest News

OCC and FDIC Propose Rule to Strengthen Liquidity Risk Management

Oct 30, 2013

The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) proposed a rule on Wednesday to strengthen the liquidity risk management of large banks and savings associations. The OCC and FDIC’s proposed liquidity rule is substantively the same as the proposal approved by the Board of Governors of the Federal Reserve System on October 24, 2013.  That proposal, which was developed collaboratively by the three agencies, is applicable to banking organizations with $250 billion or more in total consolidated assets; banking organizations with $10 billion or more in on-balance sheet foreign exposure; systemically important, nonbank financial institutions that do not have substantial insurance subsidiaries or substantial insurance operations; and bank and savings association subsidiaries thereof that have total consolidated assets of $10 billion or more (covered institutions).  The proposed rule does not apply to community banks.  Read more

Federal Regulators Provide Guidance on Qualified Mortgage Fair Lending Risks

Oct 23, 2013

Five federal regulatory agencies today issued a statement to address industry questions about fair lending risks associated with offering only Qualified Mortgages. Creditors have asked for clarity regarding whether the disparate impact doctrine of the Equal Credit Opportunity Act (ECOA) and its implementing regulation, Regulation B, allows them to originate only Qualified Mortgages. For the reasons described in the statement, the five agencies do not anticipate that a creditor’s decision to offer only Qualified Mortgages would, absent other factors, elevate a supervised institution’s fair lending risk.  Read more

Patrick J. Kennedy Quoted in ‘Basel III Creating Headaches for S Corp Banks’

Oct 01, 2013

Patrick J. Kennedy, President of the Subchapter S Bank Association, was recently quoted in the American Banker Association's article, "Basel III Creating Headaches for S Corp Banks."  Read more

16th Annual Subchapter S Bank Association Conference

Aug 21, 2013

The 16th Annual Subchapter S Bank Association Conference will be held on October 24th and 25th at Hotel Contessa in San Antonio, Texas.  Read more

Press Release

May 24, 2013

Washington DC Meetings with FDIC and OCC  Read more