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On June 12, 2024, NYLIB submitted a letter to President Joseph Biden recommending that the President immediately nominate a new FDIC Chairman and that FDIC Chairman Gruenberg immediately resign.
NYLIB submitted a letter to Congress recommending that all deposits be temporarily guaranteed while a more fair and equitable system of deposit insurance is developed.
NYLIB submitted a letter to the Federal Reserve Board concerning the issuance of master accounts by the Federal Reserve Banks. NYLIB’s May 6th letter follows up on NYLIB’s earlier letter to the Board dated February 17, 2022.
NYLIB submitted a letter to the Federal Reserve Board concerning the issuance of master accounts by the Federal Reserve Banks.
NYLIB submitted a letter to New York Congressional representatives regarding President Biden’s proposal to require financial institutions to report information on gross inflows and outflows to the IRS.
NYLIB submitted a comment letter to the FDIC regarding proposed changes to the FDIC’s appeals guidelines, which allow financial institutions to appeal material supervisory determinations. After reviewing the comments received on its proposal, the FDIC adopted revised appeals guidelines.
NYLIB submitted a comment letter to the FDIC on October 20, 2020, regarding proposed changes to the FDIC’s appeals process. The appeals process allows financial institutions to appeal material supervisory determinations such as examination ratings and MRAs.
In July of 2020, NYLIB President Ed Lutz sent a letter to members of Congress, the prudential banking agencies, and the Financial Standards Accounting Board concerning accounting for troubled debt restructurings in light of the COVID-19 pandemic. FDIC Chairman Jelena McWilliams responded in a letter thanking NYLIB for sharing its “concerns on this important matter and for offering to serve as a resource.”
On July 6, 2020, NYLIB President Ed Lutz sent a letter to members of Congress, the prudential banking agencies, and the Financial Standards Accounting Board concerning accounting for troubled debt restructurings in light of the pandemic.
NYLIB is pleased to announce that Edward T. Lutz, a lifelong pioneer in the banking industry, has agreed to accept the position of President of NYLIB.
NYLIB is pleased to announce that Casey Christopher, First Vice President and Business Development Officer of CenterState Bank’s Correspondent Division, has joined as President.
On April 30, 2018, NYLIB submitted comments to the Board of Governors of the Federal Reserve System. The comments regarded proposed amendments to the Board’s Guidelines for Appeals of Material Supervisory Determinations, which allow for appeals of material supervisory determinations such as CAMELS and ROCA ratings.
On October 23, 2017, the court in Builders Bank v. FDIC granted the New York League of Independent Bankers ("NYLIB") approval to file additional authority in support of its September 13, 2017 friend-of-the-court brief.
NYLIB has joined other banking industry organizations in filing a friend-of-the-court brief in Builders Bank v. FDIC regarding whether the federal financial regulatory agencies' "CAMELS" ratings are reviewable in federal court.
In July 2020, NYLIB President Ed Lutz sent a letter to members of Congress, the prudential banking agencies, and the Financial Standards Accounting Board concerning accounting for troubled debt restructurings in light of the COVID-19 pandemic. In August 2020, Acting Comptroller of the Currency Brian Brooks responded in a letter thanking NYLIB for offering its recommendations for COVID-19-related legislative and regulatory action regarding TDRs.