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ICBA encouraged the Treasury Department’s newly formed Interagency Community Investment Committee to promote agency collaboration as it works to support access to affordable capital and financial services in historically underserved communities.
ICBA Comments: In a comment letter, ICBA said:
Agency collaboration will be essential to optimizing federal programs.
Consistent guidance will help community banks serve unbanked and underbanked customers.
Because data collection is burdensome, the ICIC should explore data that is already being captured.
Agencies should convene private and public stakeholders to develop strategies for serving underserved areas.
Previous News
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ImageDec 16, 2022
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With Congress debating end-of-year omnibus spending legislation, ICBA continues calling on community bankers to reach out to lawmakers on ICBA-advocated cannabis banking legislation and ICBA-opposed language to expand the Durbin Amendment.
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