THE TOP TEN

In this quarterly feature, the OBL highlights the ten news articles that you have visited the most at www.ohiobankersleague.com.

Biden Highlights Cfpb Bank Fees Proposal In State Of The Union

1

Last night President Biden gave his third State of the Union address. Although Biden highlighted successes and victories the administration has accomplished, he repeated a concerning misleading message on bank fees.

2 WHAT WILL FEDERAL REGULATORS DO THIS YEAR?

On January 4, the Biden Administration issued its Fall 2022 Regulatory Agenda, which is a semiannual listing of rulemakings that departments and agencies expect to initiate or continue during the next six months. The agenda shows us what to expect out of the regulatory agencies this year.

3 Back To Square One For Cannabis Banking Bill

After the SAFE Banking Act failed last Congress, the OBL has renewed hope for the legislation in the near future.

4 WHAT IS PENDING BEFORE CONGRESS FOR OUR INDUSTRY?

With the chaotic start to the 118th Congress, the OBL previews what we expect to work on over the next two years.

5

OHIO’S NEWEST SENATOR EXPECTED TO BE NAMED TO SENATE BANKING COMMITTEE

Senator JD Vance announced this week he is expected to be assigned to the US Senate Banking Housing and Urban Affairs Committee.

8

Deceased Attorney Ioltas

6

Obl And 50 Other State Bankers Associations Call On Fincen To Withdrawal Beneficial Ownership Registry Access Proposal

In a comment letter filed yesterday, OBL and other state bankers associations called on FinCEN to withdraw its latest proposal regarding access to the beneficial ownership registry, describing it as “fatally flawed.”

7 Banking Regulators Issue Warning On Cryptocurrency Risks

Events of the past year have highlighted several key risks posed by cryptoassets that banks should consider if they wish to offer crypto-related services, the Federal Reserve, FDIC and the Office of the Comptroller of the Currency said today in a joint statement.

Effective January 1, 2023, the Ohio Supreme Court adopted Standard Probate Form 13.11. Used only for deceased attorneys who have an estate in any of Ohio’s 88 county probate courts, this form allows a designated Ohio-licensed attorney to access the deceased attorney’s IOLTA “for the purpose of distributing the contents in accordance with the Supreme Court Rules for the Government of the Bar of Ohio and the Ohio Rules of Professional Conduct.”

9

Hmda Threshold Change Goes Into Effect

Due to a recent Court decision the threshold to comply with HMDA has dropped from 100 closed-end mortgages to now 25 loans in each preceding year.

10 GOVERNOR DEWINE HIGHLIGHTS AFFORDABLE HOUSING, EDUCATION REFORM, AND WORKFORCE DEVELOPMENT IN STATE OF THE STATE ADDRESS

Tuesday, Governor DeWine addressed the State in a joint session of the General Assembly where he outlined his priorities for the State Budget. Among those priorities include addressing Ohio’s Affordable Housing needs, Education Reform, and investing in updating infrastructure of large economic development sites.

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