Columbia Banking System(COLB) - 2023 Q4 - Annual Report

The Volcker Rule The Dodd-Frank Act prohibits banks and their affiliates from engaging in proprietary trading and investing in and sponsoring hedge funds and private equity funds. The statutory provision is commonly called the "Volcker Rule." The Volcker Rule does not significantly impact the operations of the Company and the Bank, as we do not have any significant engagement in the businesses prohibited by the Volcker Rule. 21 Table of Contents Interchange Fees The Company is subject to rules governing int ...