With the latest interstate acquisition of a tax-paying community bank by tax-exempt credit unions extending into Montana, ICBA said it is time for the increasing criticism of credit union tax and regulatory exemptions to finally result in policymaker action.
The Consumer Financial Protection Bureau joined other groups in asking a federal court to scrap a regulation barring consumer credit reports from including medical debt.
ICBA told the OCC that as banks and fintechs increasingly collaborate, it is essential that regulators adopt policies that recognize the benefits of these partnerships and address emerging risks in a thoughtful, proportionate manner.
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement following the latest acquisition of a tax-paying community bank by a tax-exempt credit union.
The Independent Community Bankers of America® (ICBA) today announced that Mastercard has joined as a sponsor of ICBA’s innovation programming, marking a significant expansion of the relationship between the two organizations.
The Consumer Financial Protection Bureau announced that it will deprioritize enforcement of its 1071 small-business lending rule for entities not currently protected by a 5th Circuit Court order.
Credit union tax and regulatory exemptions have become increasingly vulnerable on Capitol Hill as lawmakers consider new tax legislation, former National Credit Union Administration chair Todd Harper said.
The Financial Crimes Enforcement Network proposed prohibiting U.S. financial institutions from opening or maintaining accounts for or on behalf of a Cambodian group that deals in crypto scams and designating the organization as a money-laundering concern.
In recognition of National Small Business Month this May, the Independent Community Bankers of America® (ICBA) is celebrating the critical role community banks play in supporting the nation’s small businesses—the backbone of the American economy.
A new blog post from the nonpartisan Tax Foundation notes that when a credit union acquires a bank, state and local governments can lose much of the tax revenue that the bank was paying.
With Congress back to work this week, ICBA is encouraging community bankers to contact lawmakers in support of the Homebuyers Privacy Protection Act and the ACRE Act.
J. Michael Radcliffe—chairman and CEO of Community Financial Services Bank in Benton, Ky.—testified before the House Financial Services Committee’s Subcommittee on Financial Institutions hearing on regulatory overreach.
Acting Comptroller of the Currency Rodney Hood said artificial intelligence has tremendous potential to help banks optimize processes and promote access to banking services, but it must be used in a safe, secure, and trustworthy manner.
Community bankers are exploring the targeting capabilities and flexibility of advertising on connected TV, according to the latest Independent Banker magazine.
J. Michael Radcliffe—chairman and CEO of Community Financial Services Bank in Benton, Ky.—today is scheduled to testify before the House Financial Services Committee’s Subcommittee on Financial Institutions.
As Congress returns from its April recess, ICBA is encouraging community bankers to tell their lawmakers to protect homebuyers by limiting mortgage trigger leads.
As Congress returns from its April recess, ICBA is encouraging community bankers to tell their lawmakers to protect homebuyers by limiting mortgage trigger leads.
