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The Farm Credit Administration posted its latest regulatory projects plan. The plan cites pending regulations on a Farm Credit System bridge bank; an annual strategic plan on young, beginning, and small farmers; collateral evaluation regulations; and more.
Appraisals: On the proposed collateral evaluation regulations, ICBA this year told the agency that it should not provide Farm Credit System lenders with lower standards for appraisals and valuations than those required of community banks.
Grassroots: ICBA continues encouraging community bankers to use ICBA’s Be Heard grassroots alert urging congressional support for legislation to exempt from taxation interest income on community banks’ farm real estate and rural mortgage loans.
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ICBA told regulators it supports their efforts to consolidate guidance on third-party risk management while providing recommendations on the proposed interagency guidance.
ImageOct 19, 2021
The Independent Community Bankers of America today announced it has extended its relationship with Preferred Service Provider OnBoard and its digital board management solution. OnBoard has been an ICBA Preferred Service Provider since 2015.
ImageOct 18, 2021
Attorneys general from 20 states expressed opposition to the Biden administration’s proposal to require banks to report customer information to the IRS.
ImageOct 18, 2021
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