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Op-ed: Credit union CRA exemption helped sink Navy Federal

Had Navy Federal Credit Union been subject to the Community Reinvestment Act, it might have avoided reputation disaster with reports of its discriminatory lending, according to a new op-ed.

Feb 13, 2024
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Article
Credit Unions

Agency council issues exam principles on valuation discrimination

The Federal Financial Institutions Examination Council issued a statement of principles related to valuation discrimination and bias for member agencies to consider when examining financial...

Feb 13, 2024
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Article
Federal Financial Institutions Examination Council (FFIEC) Compliance

ICBA supports bill to coordinate FinCEN rulemakings

ICBA today is calling on Congress to advance legislation to coordinate and strengthen recent Financial Crimes Enforcement Network anti-money laundering rulemakings.

Feb 14, 2024
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Article
Financial Crimes Enforcement Network (FinCEN) Fintech Regulation

ICBA, state groups to FDIC: Withdraw corporate governance proposal

ICBA and state community banking associations expressed strong opposition to the FDIC’s proposed corporate governance and risk management guidelines for covered institutions with $10 billion or...

Feb 12, 2024
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Article
Federal Deposit Insurance Corporation (FDIC)