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CFPB plans to extend 1071 compliance deadline following court ruling

The Consumer Financial Protection Bureau said it plans to extend the compliance deadline on its 1071 small-business data collection and reporting rule following a Supreme Court ruling that ended a...

May 20, 2024
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Article
Consumer Financial Protection Bureau (CFPB) Compliance

ICBA: Another credit union acquisition demands congressional response

Following the latest acquisition of a community bank by a tax-exempt credit union, ICBA issued a national news release calling on Congress to respond.

May 20, 2024
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Article
Credit Unions

ICBA Commends House Passage of Bill Barring Creation of U.S. Central Bank Digital Currency

ICBA today commended members of the House of Representatives who successfully voted to pass ICBA-advocated legislation that would restrict the ability of the federal government to introduce a U.S....

May 23, 2024
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Article
Digital Assets Digital Assets Government Banks

CFPB rule says BNPL lenders are credit card providers

The Consumer Financial Protection Bureau issued an interpretive rule that says “buy now, pay later” lenders are credit card providers.

May 23, 2024
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Article
Compliance