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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.

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.

There is still time for community bankers to register for ICBA Capital Summit, scheduled for May 12-15 in Washington, D.C.

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.

ICBA next week is hosting a complimentary community bank briefing on key congressional and regulatory developments.

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.