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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...

Nov 16, 2021
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Article
Lending

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...

Nov 16, 2021
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Article
Postal Service Banking

ICBA-backed updates included in cyber reporting bill

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...

Nov 08, 2021
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Article
Cybersecurity Technology

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...

Nov 04, 2021
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Article
Cybersecurity Technology

IRS issues November Child Tax Credit payments

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...

Nov 16, 2021
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Article
Taxes & Budget

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...

Nov 16, 2021
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Article
Digital Assets Technology

IRS reporting press push continues

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...

Nov 09, 2021
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Article
Taxes & Budget

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. The Treasury Department...

Nov 09, 2021
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Article
Cybersecurity Technology

ICBA continues IRS push in congressional roundtable

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....

Nov 08, 2021
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Article
Taxes & Budget

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. ICBA released the second...

Nov 08, 2021
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Article
Technology

CFPB targets faulty identity matching practices

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...

Nov 05, 2021
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Article
Compliance

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.”...

Nov 04, 2021
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Article
Credit Unions

Hsu: OCC has concluded fintech charter review

Hsu: OCC has concluded fintech charter review The OCC has concluded its review of bank charter applications and crypto-related interpretative letters and will be communicating its findings in the...

Nov 04, 2021
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Article
Digital Assets Technology

ICBA to OCC: Take moderate approach to CRA rescission

ICBA to OCC: Take moderate approach to CRA rescission ICBA advocated a moderate approach to the OCC’s rescission of its 2020 Community Reinvestment Act final rule and reinstatement of the 1995...

Nov 01, 2021
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Article
Community Reinvestment Act (CRA)

IRS: Update income in Child Tax Credit portal

IRS: Update income in Child Tax Credit portal The IRS today is launching a new feature allowing any family receiving monthly Child Tax Credit payments to update their income using the Child Tax...

Nov 01, 2021
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Article
Taxes & Budget

SBA: $44.8B in 2021 lending through signature programs

SBA: $44.8B in 2021 lending through signature programs The SBA said its 7(a) and 504 loan programs supported more than 61,000 traditional loans worth $44.8 billion in fiscal 2021. The lending...

Nov 01, 2021
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Article
Lending

ICBA opposes reconciliation package tax hikes

ICBA opposes reconciliation package tax hikes ICBA expressed strong opposition to certain tax provisions policymakers are considering as part of the Build Back Better reconciliation package. ICBA...

Oct 29, 2021
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Article
Taxes & Budget

ICBA to Congress: Extend Data Security Standards to Retailers, Tech Firms

ICBA to Congress: Extend Data Security Standards to Retailers, Tech Firms ICBA today called on Congress to extend Gramm-Leach-Bliley Act data security standards to retailers, technology companies,...

Nov 03, 2021
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Article
Cybersecurity

ICBA testifying today on cyber, data security

ICBA testifying today on cyber, data security ICBA is scheduled to testify at today’s House Financial Services Subcommittee on Consumer Protection and Financial Institutions hearing on cyber and...

Nov 03, 2021
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Article
Cybersecurity Technology

Independent Banker focuses on faster payments

Independent Banker focuses on faster payments This month’s ICBA Independent Banker magazine focuses on the race for faster payments. This month’s ICBA Independent Banker magazine focuses on the...

Nov 03, 2021
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Article
Payments Faster Payments