BANK NOTES
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What Does the New Reciprocal Deposit Legislation in the Housing Act Mean for U.S. Banks?
By Joe Hooker, Chief Sales Officer, IntraFi The recently enacted 21st Century ROAD to Housing Act marks a significant shift in how U.S. banks can use reciprocal deposits—an established but increasingly important tool for deposit growth and local lending. What the law changes The new law amends the Federal Deposit Insurance Act to expand…
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Stablecoin Loophole Raises Concerns for Idaho Community Banks
A recent Idaho Statesman guest opinion highlights a growing concern for community banks as policymakers continue developing the regulatory framework for stablecoins. In the op-ed, Carlan McDaniel, executive vice president and chief operating officer at The Bank of Commerce and chair of the Idaho Community Bank Committee, points to an unintended loophole in the…