Archives for November 2014

New Libor Fees Would Be Waived for Most Community Banks

Washington, D.C. (Nov. XX, 2014)—The Independent Community Bankers of America® (ICBA) today said a new fee schedule released by the Intercontinental Exchange (ICE) will waive or sharply reduce fees for 99 percent of community banks that use or reference the London Interbank Offered Rate index (Libor). Libor is used as the floating rate for many Read the Rest…

THE OCC HAS SPOKEN: Unsafe or Unsound Banking Practices

By Philip Chiaviello, Attorney at Law For more than 30 years, our federal appellate courts have applied conflicting definitions of unsafe or unsound banking practice in the context of regulatory enforcement. With a recent decision from the Office of the Comptroller of the Currency, the definition should be clear; at least as far as the Read the Rest…

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