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IRS proposal tweaks don’t stop pushback

IRS proposal tweaks don’t stop pushback While policymakers are looking to narrow the ICBA-opposed IRS reporting proposal, ICBA is continuing its campaign urging consumers to speak out against the...

Sep 27, 2021
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Article
Taxes & Budget

ICBA: Congress Cannot Salvage Voter-Opposed IRS Reporting Plan ​

ICBA: Congress Cannot Salvage Voter-Opposed IRS Reporting Plan ​ ICBA President and CEO Rebeca Romero Rainey issues statement on the latest congressional efforts to allow the IRS to collect...

Sep 24, 2021
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Article
Taxes & Budget

ICBA Launches Ad Campaign on Credit Union Tax Exemption

ICBA Launches Ad Campaign on Credit Union Tax Exemption The Independent Community Bankers of America this week launched a print and digital advertising campaign to inform Americans about the credit...

Sep 23, 2021
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Article
Credit Unions

ICBA launches multi-state credit union ad push

ICBA launches multi-state credit union ad push ICBA today is launching a print and digital advertising campaign in key states calling on Congress to investigate the credit union tax exemption and...

Sep 22, 2021
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Article
Taxes & Budget

Treasury crypto sanctions portend broad regulatory response

Treasury crypto sanctions portend broad regulatory response Financial regulators on Tuesday began cracking down on cryptocurrency exchanges and laid out significant concerns with digital assets....

Sep 22, 2021
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Article
Payments

FinCEN issues online child sexual exploitation notice

FinCEN issues online child sexual exploitation notice The Financial Crimes Enforcement Network issued a notice on increasing online child sexual exploitation. The notice provides financial...

Sep 21, 2021
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Article
Compliance Cybersecurity

Industrial Loan Company Loophole Necessitates Congressional Scrutiny and Legislative Solution

Industrial Loan Company Loophole Necessitates Congressional Scrutiny and Legislative Solution This morning, the U.S. House Financial Services Subcommittee on Consumer Protection and Financial...

Sep 29, 2021
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Article
Lending

ICBA Urges FDIC to Permanently Raise Regulatory Asset Thresholds

ICBA Urges FDIC to Permanently Raise Regulatory Asset Thresholds The Independent Community Bankers of America today called on the Federal Deposit Insurance Corp. to raise regulatory asset...

Sep 27, 2021
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Article
Advocacy Deposit Insurance

SBA: PPP portal tops 1M submissions

SBA: PPP portal tops 1M submissions The SBA said its Paycheck Protection Program Direct Borrower Forgiveness Portal has topped 1 million applications for $17 billion in relief since it launched...

Sep 27, 2021
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Article
Advocacy Crisis Preparedness

ICBA Statement on Nomination of Saule Omarova for Comptroller of the Currency

ICBA Statement on Nomination of Saule Omarova for Comptroller of the Currency ICBA President and CEO Rebeca Romero Rainey issued the following statement on President Joe Biden’s intent to nominate...

Sep 23, 2021
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Article
Office of the Comptroller of Currency (OCC)

IRS consumer campaign tops 400K messages

IRS consumer campaign tops 400K messages ICBA’s campaign urging consumers to speak out against an IRS reporting proposal topped 400,000 consumer messages to members of Congress, with lawmakers...

Sep 23, 2021
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Article
Taxes & Budget

ICBA kicks off ad campaign targeting credit unions

ICBA kicks off ad campaign targeting credit unions ICBA launched a print and digital advertising campaign on the credit union tax exemption ahead of a key congressional hearing next week. ICBA...

Sep 23, 2021
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Article
Credit Unions

OCC issues proposal on rescinding CRA rule

OCC issues proposal on rescinding CRA rule The OCC formally published its proposal to rescind its June 2020 Community Reinvestment Act rule and replace it with interagency rules adopted in 1995....

Sep 20, 2021
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Article
Compliance Community Reinvestment Act (CRA)

ICBA Urges Agencies to Extend Community Bank Leverage Ratio Flexibility

ICBA Urges Agencies to Extend Community Bank Leverage Ratio Flexibility The Independent Community Bankers of America (ICBA) called on federal banking regulators to extend Community Bank Leverage...

Sep 20, 2021
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Article
Capital Regulatory Relief

Romero Rainey: Continue IRS reporting push

Romero Rainey: Continue IRS reporting push ICBA President and CEO Rebeca Romero Rainey called on community bankers to continue engaging consumers against a proposal that would require banks to...

Sep 17, 2021
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Article
Taxes & Budget

ICBA Opposes Proposed Changes to SBA 7(a) Program

ICBA Opposes Proposed Changes to SBA 7(a) Program ICBA President and CEO Rebeca Romero Rainey stated that ICBA and the nation’s community banks strongly oppose legislative proposals to authorize...

Sep 16, 2021
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Article
Consumer Lending Lending Small Business Administration

Grassroots continues against reconciliation tax hikes

Grassroots continues against reconciliation tax hikes Legislative language released this week contains ICBA-opposed tax increases that community bankers can speak out against. Legislative language...

Sep 16, 2021
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Article
Taxes & Budget

CISA - Cyber Summit set for October

CISA - Cyber Summit set for October The Cybersecurity and Infrastructure Security Agency announced its upcoming Fourth Annual National Cybersecurity Summit. The series of webinars every Wednesday...

Sep 15, 2021
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Article
Risk Cybersecurity Sector Calls +1 More...

ICBA urges National Flood Insurance Program extension

ICBA urges National Flood Insurance Program extension ICBA and other groups called on congressional leaders to extend the National Flood Insurance Program before it expires on Sept. 30. ICBA and...

Sep 15, 2021
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Article
Compliance

Credit union acquisitions demand Washington response: ICBA chairman

Credit union acquisitions demand Washington response: ICBA chairman With the number of credit union-bank acquisitions passing 100, the time has come for policymakers to examine the credit union tax...

Sep 17, 2021
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Article
Credit Unions