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THE TOP TEN
In this quarterly feature, the OBL highlights the ten news articles that you have visited the most at www.ohiobankersleague.com.
Ohio Treasurer Of State Announces New Allocation As Part Of Bidohio Program
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Due to increased demand for deposits, the Ohio Treasurer’s office is now allocating up to $1 billion within the state treasury for certificates of deposits with Ohio banks.
2 CONCERNS ARISE OVER OHIO’S NEW VEHICLE TITLE PROCESS IN TRANSPORTATION BUDGET
The OBL is raising concerns about a provision in the transportation budget, House Bill 23, that would change the process of handling liens on motor vehicles. The provision requires lenders to provide a written notice to owners, asking whether they prefer a paper or electronic title, and if the owner chooses a paper title, the lender must obtain and provide it at no cost.
3
What We Know From The Svb Hearings
The top banking regulators testified this week before Congress, about the sudden collapse of SVB and Signature bank. The OBL breaks down what we heard and its likely impact on our members.
4 Congressman Warren Davidson
PENS LETTER TO FHFA DEMANDING CHANGES TO LOAN LEVEL PRICING ADJUSTMENT STRUCTURE
Along with the Chair of the House Financial Services Committee Patrick
McHenry, Congressman Warren Davidson sent a letter to the Federal Home Finance Agency Director Sandra Thompson insisting to reverse recent changes made to the loan level pricing adjustment changes.
5
Fdic Proposes Options For Deposit Insurance Reforms
This week the FDIC issued a much anticipated report in the wake of three of the largest bank failures, detailing options to reform the deposit insurance regime.
6 Safe Banking Act Reintroduced
The OBL endorsed SAFE Banking Act has been reintroduced in both the House and Senate with broad bipartisan support
9 THE COUNTDOWN TO JULY 1ST CONTINUES – OHIO HOUSE OF REPRESENTATIVES UNVEILS OPERATING BUDGET, HIGHLIGHTING AFFORDABLE HOUSING ISSUES, AND OBL PUSHES BACK AGAINST CREDIT UNION EXPANSION
With the July 1st deadline to enact the State’s Operating Budget looming closer and closer, affordable housing issues take center stage this week as the Ohio House of Representatives released their version of the budget, including changes made in the omnibus amendment. In response, the OBL submitted a letter to the House Finance Committee pushing back on credit union expansion granting access to government programs.
7 Ohio
BANKERS LEAGUE INVITED TO DC TO SPEAK IN FAVOR OF FHLB
OBL’s President and CEO Michael Adelman today testified before the Federal Housing Finance Agency in one of their final hearings before they wrap up their FHLB listening tour.
8 Resolution Introduced To Roll Back Cfpb Data Rule
One week after the CFPB finalized their small business data rule, a resolution was introduced in the US House to rescind the rule.
10fincen Beneficial Ownership Registry Proposal Highly Criticized
A bipartisan group of lawmakers called on the Financial Crimes Enforcement Network to make changes to beneficial ownership information reporting requirements set to take effect in 2024. The argument is that the agency’s rulemaking deviates from congressional intent by allowing beneficial owners to withhold identifying information. The bipartisan support includes House Financial Services Committee Chairman Patrick McHenry and Senate Banking Committee Chairman Sherrod Brown.
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