Several ICBA staffers are handing out Halloween cards and candy to every congressional office on Capitol Hill to encourage lawmakers and staff to open their eyes to credit unions' risky practices, costly tax subsidies, and irresponsibly lax oversight.
Today, faster payments are changing the overall payments landscape. With the advent of Same Day ACH, The Clearing House’s Real-Time Payments, and the Federal Reserve’s FedNow Service, a round-the-clock real-time payment and settlement service to launch as early as 2023, faster is becoming the new norm for payments.
Following a successful grassroots advocacy campaign, the House of Representatives recently passed ICBA-supported legislation to create a cannabis banking safe harbor, though questions remain about the bipartisan bill's outlook.
Digital payments continue to grow in popularity as an easy-to-use way for both businesses and consumers to make payments. Not only does volume and usage continue to grow, but so too do the products and platforms through which businesses and consumers make their digital payments.
As the House and Senate are busy negotiating final language for defense spending legislation, community banks are working to provide military service men and women access to competitive banking services.