11/12/2025 “The CFPB now believes that the 2023 final rule should have given more weight to qualitative differences among certain types of lenders and the likelihood that smaller lenders would face difficulties addressing the complexity of a rule of broad scope, both of which could potentially diminish the quality of the data they collect.” |
11/08/2025 The storms that hit across the state earlier this year may have affected the economic activity of small businesses -- even if they didn’t experience physical damage. Perhaps some of them have applied for commercial loans from your banks. Those whose loans could not be approved, might have a better chance getting a federal disaster loan. |
11/08/2025 The FDIC released a Financial Institution Letter yesterday amending its current examination schedules. |
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.” |