10/29/2025 The U.S. District Court for the Eastern District of Kentucky approved a request this morning to stay the compliance deadline for the CFPB’s Section 1033 rule. |
10/24/2025 Luther Deaton, President and CEO of Central Bank, representing a consortium of banks, testified before the Interim Joint Housing Task Force this week to discuss the importance of collaboration between industry stakeholders to address Kentucky’s Housing Crisis. |
10/01/2025 We have received a lot of questions about the government shutdown. The majority of questions revolve around the NFIP program. |
09/29/2025 The KBA has worked with the Secret Service to compile key points that can be helpful in identifying cryptocurrency scams. Those points have been complied into a one-page flyer as seen below. |
09/27/2025 We have received a lot of inquiries about the penny shortage. We would highly encourage you to review the Federal Reserve’s FAQs available. |
09/11/2025 Congressman Andy Barr addressed Kentucky bank’s fraud challenges during a hearing with FINCEN Tuesday stating, “FinCEN is responsible for issuing guidance for section 314(b) of the Patriot Act which allows financial institutions to share information with one another regarding activities that may involve money laundering or terrorism. Only 3,626 banks out of the approximately 9,148 banks and credit unions nationwide are actually registered to share information.” |
09/09/2025 The OCC issued two bulletins to banks in response to Executive Order 14331 “Guaranteeing Fair Banking for All Americans” and subsequent actions by government agencies. |
09/08/2025 The KBA and the KBA Board of Directors have filed their comment letter on the Federal Reserve’s Request for Information on Potential Actions to Address Payments Fraud. Among the issues addressed in the comment letter is the KBA’s concern regarding the confusion and challenges of the 314(b) safe harbor of information sharing under the Patriot Act and the need for real-time data sharing in combatting fraud. |
09/03/2025 President Trump has signed the Homebuyers Protection Act (H.R. 2808) into law. A top legislative priority for the Kentucky Bankers Association, the KBA expresses its appreciation to its Congressional delegation and President Trump for passing this critical piece of legislation. |