The President’s Working Group on Financial Markets issued a long-awaited report spotlighting regulatory gaps in overseeing stablecoins and recommending legislation to implement a federal regulatory framework.
The Independent Community Bankers of America today announced it has expanded its Wolters Kluwer Preferred Service Provider relationship to include its SaaS-based iLien system, offered by Wolters Kluwer Compliance Solutions.
With policymakers’ draft framework for the budget reconciliation bill featuring numerous tax increases, ICBA is calling on community bankers to use its Be Heard resource center to speak out in opposition.
A Biden administration draft framework for the next round of congressional reconciliation discussions leaves out the ICBA-opposed IRS reporting proposal, though ICBA’s campaign against the plan continues.
ICBA and the nation’s community banks applaud the exclusion of the widely opposed IRS bank reporting proposal from today’s budget reconciliation framework. We will continue to vocally oppose the policy as negotiations proceed.