Regulatory Alerts2022-01-01
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Monthly Bulletin — January 2022
The North Dakota Department of Financial Institutions issued this bulletin to inform the public and financial institutions of pending and approved applications by state-chartered banks, credit unions, and trust companies. The document details specific regulatory actions, including the approval of KodaBank's articles of association amendment and First International Bank & Trust's new facility, while noting that Hometown Credit Union, Capital Credit Union, and Bell Bank applications remain under review or in the comment period. Additionally, the bulletin establishes the usury rate for unregulated lenders at 7.00% for February 2022.
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