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ICBA: Credit union tax subsidies continue driving record-high acquisitions

Following the 18th credit union acquisition of a community bank this year—and the fifth in Washington state—ICBA said Congress should address antiquated credit union policies.

Oct 10, 2024
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Article
Credit Unions

Fed’s Jefferson encourages input on discount window

Federal Reserve Vice Chair Philip Jefferson encouraged comments on the Fed’s request for information on “operational frictions” associated with the discount window and intraday credit.

Oct 10, 2024
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Article

As Credit Union Tax Subsidies Drive Record-High Acquisitions of Tax-Paying Community Banks, Policymakers Should Respond

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey today issued the following statement after this year’s 18th acquisition of a tax-paying bank by a tax-exempt...

Oct 09, 2024
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Article
Credit Unions

FDIC extends comment period for brokered deposit proposal

The FDIC extended the comment period on its proposed rule on brokered deposits from Oct. 22 to Nov. 21.

Oct 09, 2024
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Article