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While the National Defense Authorization Act excludes ICBA-advocated cannabis banking legislation and ICBA-opposed language to expand the Durbin Amendment, the debate over both initiatives continues.
Cannabis Banking: Through ICBA’s Be Heard grassroots action center, community bankers can continue calling on lawmakers to pass the SAFE Banking Act, which would establish a cannabis banking safe harbor in states where cannabis is legal.
Durbin Amendment: ICBA is also encouraging community bankers to urge opposition to legislation that would extend the Durbin Amendment to credit cards, imposing new costs, raising security risks, and ending credit card rewards programs.
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As Congress considers controversial legislation to apply routing restrictions to credit card transactions — which would end popular credit card rewards programs — the Independent Community Bankers of America released new polling conducted by Morning Consult indicating consumers oppose the policy change.
ImageDec 13, 2022
The Consumer Financial Protection Bureau issued a preliminary determination that the Truth in Lending Act does not preempt a New York state law requiring commercial financing disclosures.
ImageDec 9, 2022
ICBA President and CEO Rebeca Romero Rainey and ICBA Group Executive Vice President of Congressional Relations and Strategy Paul Merski are featured on The Hill’s 2022 list of the top Washington advocates in the nation.
ImageDec 7, 2022
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