article thumbnail

OCC and FDIC file joint amicus brief urging Colorado federal district court to reject Madden

CFPB Monitor

The OCC and FDIC have filed a joint amicus brief in a Colorado federal district court arguing that the court should affirm the decision of a bankruptcy court holding that a non-bank loan assignee could charge the same interest rate the bank assignor could charge under Section 27(a) of the Federal Deposit Insurance Act, 12 U.S.C.

article thumbnail

Who were ICBA’s Top Lenders of 2022?

Independent Banker

Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. American Bank, National Association. Classic Bank, National Association. The First National Bank In Sioux Falls. Dakota Community Bank & Trust, National Association. The Miners National Bank of Eveleth. By Ed Avis.

article thumbnail

Advocacy: Election Returns

Independent Banker

Around the Table—Wisconsin community bankers work with legislative staff members on Capitol Hill during ICBA’s Washington Policy Summit. FDIC Assessment Rules. In April, the FDIC decided to reduce from seven to three years the period of heightened supervisory monitoring of newly formed banks. By Courtney Schoenborn.