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House passes spending bill without IRS reporting plan
2021-11-22 House passes spending bill without IRS reporting plan The House passed its version of the Build Back Better reconciliation bill without numerous ICBA-opposed provisions, including the...
Fed officials: Faster tapering may be needed
Fed officials: Faster tapering may be needed Federal Reserve officials discussed the potential need to speed up the tapering of asset purchases in response to rising job gains and inflation....
OCC nominee faces tough questions at Senate hearing
2021-11-19 OCC nominee faces tough questions at Senate hearing Community bank opposition to Saule Omarova’s nomination to lead the Office of the Comptroller of the Currency took center stage at a...
ICBA urging grassroots pushback against SBA direct lending plan
ICBA urging grassroots pushback against SBA direct lending plan ICBA is calling on community bankers to continue the campaign opposing proposed changes to the SBA 7(a) loan program contained in the...
Hsu: Agencies planning additional clarity on crypto activities
2021-11-17 Hsu: Agencies planning additional clarity on crypto activities Federal banking regulators will soon issue a short statement that describes the recently concluded interagency “crypto...
ICBA, state groups oppose Omarova OCC nomination
ICBA, state groups oppose Omarova OCC nomination ICBA and state community banking groups expressed opposition to Cornell University law professor Saule Omarova’s nomination to lead the Office of...
ICBA, groups push for NCUA oversight hearing
2021-11-18 ICBA, groups push for NCUA oversight hearing ICBA and other groups called on Congress to hold an oversight hearing on troubling National Credit Union Administration rulemaking activity....
Credit union satisfaction lags banks again: index
Credit union satisfaction lags banks again: index Consumer satisfaction with credit unions lagged banks for the third year in a row, according to a national survey covered by CU Today. Details:...
ICBA urging grassroots pushback against SBA direct lending plan
ICBA is calling on community bankers to continue the campaign opposing proposed changes to the SBA 7(a) loan program contained in the House budget-reconciliation bill. Grassroots: Community bankers...
Republican senators denounce postal banking pilot
Republican senators denounce postal banking pilot A group of 19 Senate Republicans led by Sen. John Boozman (Ark.) denounced an ICBA-opposed U.S. Postal Service pilot program to test postal...
ICBA-backed updates included in cyber reporting bill
Lawmakers reached an agreement on bipartisan cyber incident reporting legislation that includes ICBA-advocated updates to avoid excessive burdens on community banks. Background: Based on the Cyber...
ICBA to Congress: Extend data security standards to nonbanks
ICBA to Congress: Extend data security standards to nonbanks ICBA called on Congress to extend Gramm-Leach-Bliley Act data security standards to retailers, technology companies, and other parties...
IRS issues November Child Tax Credit payments
The Treasury Department said families with roughly 61 million eligible children received more than $15 billion in the fifth batch of Advance Child Tax Credit payments, most via direct deposit....
House committee Republicans issue CBDC principles
House committee Republicans issue CBDC principles House Financial Services Committee Republicans released principles to guide Congress in evaluating potential proposals for a U.S. central bank...
IRS reporting press push continues
The community banking industry continued its media push against the IRS bank reporting proposal, which remains a threat even after it was recently left out of the framework guiding Democratic...
Treasury targets ransomware operators
Treasury targets ransomware operators The Treasury Department announced a new round of coordinated actions as part of the federal government’s response to ransomware. Designations: The Office of...
ICBA continues IRS push in congressional roundtable
ICBA continued pushing back against the IRS reporting proposal during testimony at a House Financial Services Committee Republican roundtable. Roundtable: Wm. Jack Riddle, president of Community...
ICBA releases new innovation podcast
ICBA releases new innovation podcast ICBA released the second podcast in its new Communities of Innovation series on community bank innovation stories and experiences. Details: In the latest...
CFPB targets faulty identity matching practices
The Consumer Financial Protection Bureau issued an advisory opinion affirming that consumer reporting companies engaging in “shoddy name-matching procedures” are violating the law. Details:...
ICBA joining webinar on bank-like credit unions
ICBA joining webinar on bank-like credit unions ICBA Chairman Robert Fisher will participate in a National Taxpayers Union webinar scheduled for next week on the “rise of bank-like credit unions.”...