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Fed’s Bowman cites concerns with credit union bank acquisitions
Federal Reserve Governor Michelle Bowman raised concerns with credit union acquisitions of banks, noting the tax-exempt financial firms are exempt from the Community Reinvestment Act.
Jun 28, 2024
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Article
ICBA urges senators to co-sponsor bill to close ILC loophole
ICBA urged senators to co-sponsor ICBA-advocated legislation to permanently close the industrial loan company loophole.
Jun 28, 2024
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Article
Grassroots/Be Heard
GM withdraws ILC charter application
General Motors withdrew its ICBA-opposed application for deposit insurance, suspending its bid to form an industrial loan company.
Jun 27, 2024
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Article
Sen. Stabenow: It’s time to pass a farm bill
Senate Agriculture Committee Chair Debbie Stabenow (D-Mich.) called for negotiations on the next farm bill.
Jun 27, 2024
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Article
Farm Bill