Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on Deposit Insurance Reform and the Failure of The First National Bank of Lindsay
November 18, 2024
November 18, 2024
WASHINGTON, Nov. 18 -- The Consumer Financial Protection Bureau issued the following news release:
Director Chopra submitted this statement for the record in connection with a closed meeting of the FDIC Board of Directors held on November 12, 2024.
Last month, a small community bank in Oklahoma failed due to fraudulent misconduct. Small relationship lenders tend to cater to the tailored needs of local businesses, houses of worship, farmers, schools, and families in the . . .
Director Chopra submitted this statement for the record in connection with a closed meeting of the FDIC Board of Directors held on November 12, 2024.
Last month, a small community bank in Oklahoma failed due to fraudulent misconduct. Small relationship lenders tend to cater to the tailored needs of local businesses, houses of worship, farmers, schools, and families in the . . .