03/18/2025 President Trump nominated Federal Reserve Governor Michelle Bowman to be the Federal Reserve’s Vice Chair for Supervision. If confirmed by the Senate, Bowman will succeed Federal Reserve Governor Michael Barr. |
03/17/2025 Lewisburg Banking Company has had multiple fraudulent/altered checks presented over the last few weeks. All the checks have been drawn on an account number of a longtime customer. |
03/12/2025 The United States District Court for the Eastern District of Kentucky granted the KBA and its members an injunction on the 1071 rule. |
03/04/2025 Bedford Loan and Deposit Bank has a fraudster spoofing their phone number of 502-255-3287. |
03/04/2025 The Federal Deposit Insurance Corporation’s (FDIC) Board of Directors approved the withdrawal of three outstanding proposed rules relating to brokered deposits, corporate governance, and the Change in Bank Control Act (CBCA). |
02/27/2025 The FDIC has released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Kentucky affected by severe storms, flooding and mudslides. |
02/21/2025 The Financial Crimes Enforcement Network (FINCEN) announced that beneficial ownership reporting requirements are back in effect after a federal court lifted the remaining nationwide injunction against the Corporate Transparency Act and the BOI reporting rule. |
02/10/2025 Russ Vought, new acting Director of the CFPB, has told the Federal Reserve to halt funding for the bureau and ordered staff to pause all activities. The announcement came after Elon Musk on X suggested the CFPB would be eliminated. |
02/07/2025 On February 5th, at the House Financial Services Committee Hearing, Congressman Andy Barr promoted the work of the KBA on its 1071 form. |