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American Banker reports on growing credit union concerns
A new article features growing concerns that the nation’s largest credit unions are increasingly behaving more like profit-driven banks with a tax advantage than mission-centric nonprofits.
ICBA offers new GENIUS Act summary, webinar
ICBA published a new summary of the GENIUS Act for ICBA members and next week is scheduled to host a complimentary community bank briefing on the act and other digital asset policy developments.
Fed joins other agencies allowing alternative collection of Tax Identification Numbers
The Federal Reserve announced it joined other banking agencies and the Financial Crimes Enforcement Network in permitting banks to obtain a Tax Identification Number from a third party rather than...
CFPB says it will rework 1033 rule
The Consumer Financial Protection Bureau requested a stay in a lawsuit challenging the 1033 rule on consumer data security and privacy and said it plans to craft a new rule soon.
ICBA asks for regulatory relief on Debit Card Issuer Interchange survey
ICBA urged the Federal Reserve to provide regulatory relief on the Debit Card Issuer Interchange survey, which is used to implement Regulation II debit card interchange standards.
ICBA opposes Nissan’s ILC application
ICBA urged the FDIC to reject Nissan’s deposit insurance application for its proposed industrial loan company, Nissan Bank.
ICBA supports bill to mitigate impact of 1071 rule
ICBA expressed strong support for the Preventing Regulatory Overreach to Empower Communities to Thrive and Ensure Data privacy (PROTECTED) Act (S. 2352).
ICBA Urges FDIC to Reject Nissan’s Application to Form Industrial Loan Company
The Independent Community Bankers of America (ICBA) today expressed strong opposition to Nissan’s application to form a financial institution that receives federal deposit insurance while avoiding...
ICBA opposes Circle’s application for a national trust bank charter
ICBA said it strongly opposes Circle’s application for a national trust bank charter for its proposed subsidiary, First National Currency Bank, N.A.
White House releases digital asset recommendations
President Donald Trump’s Working Group on Digital Asset Markets released recommendations for digital financial technology.
Complimentary ICBA briefing on GENIUS Act next week
ICBA is scheduled to host a complimentary community bank briefing on the GENIUS Act at 1 p.m. (Eastern time) next Thursday, Aug. 7.
ICBA, others correct the record on CFPB’s 1033 rule
ICBA and other groups issued a statement correcting the record on the Consumer Financial Protection Bureau’s Section 1033 rulemaking following misleading claims from a group of fintech and retail...
Correcting the Record on Safe Data Sharing
The Bank Policy Institute, the American Bankers Association, America’s Credit Unions, Consumer Bankers Association and ICBA issued a statement in response to a letter from fintech and retail...
Agencies officially launch final round of feedback on reg burden under EGRPRA review
The OCC, FDIC, and Federal Reserve published in the Federal Register their fourth notice requesting comment on their regulations pursuant to the Economic Growth and Regulatory Paperwork Reduction...
Independent Banker shares tips on building AI policies
The latest Independent Banker magazine offers tips for community banks that are developing policies on artificial intelligence.
CISA updates alert on SharePoint vulnerabilities with new Microsoft guidance
The Cybersecurity and Infrastructure Security Agency updated its alert on vulnerabilities with Microsoft SharePoint servers to reflect newly released information as threat actor tactics,...
President issues executive orders on AI
After unveiling his AI Action Plan this week, President Donald Trump released three executive orders on artificial intelligence.
House committee passes ICBA-advocated reg relief bills
The House Financial Services Committee passed several ICBA-supported bills during a two-day markup.
ICBA updates advocacy dashboard
ICBA updated its “Advocacy in Action” government relations dashboard for the third quarter with the latest community banking advocacy successes and priorities.
ICBA reiterates call for policy change following latest credit union acquisition
After a credit union in California leveraged its asset size and tax exemption to acquire a community bank, ICBA reiterated its call for policymakers to end the federal tax exemption for credit...