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Financial Services Industry Opposes Effort by Senators Durbin & Marshall to Force Credit Card Routing Mandates into Military Construction, Veterans Affairs Funding Bill

Today, 11 trade associations representing virtually all banks and credit unions released a joint statement opposing the effort by Sen. Dick Durbin (D-IL) and Roger Marshall (R-KS) to attach credit...

Sep 15, 2023
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Article
Payments

CFPB updates FAQs on 1071 rule

The Consumer Financial Protection Bureau updated its frequently asked questions on its Section 1071 small-business rule.

Sep 15, 2023
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Article
Compliance

Innovation and relationship banking define community bank value proposition: ICBA leaders

Data show that consumers and small businesses value the symbiotic relationship between innovation and relationship banking that community banks offer, ICBA community bankers wrote in a new LinkedIn...

Sep 15, 2023
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Article
Fintech Innovation

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

The Independent Community Bankers of America (ICBA) today commended the House Financial Services Committee for passing ICBA-advocated legislation to restrict the ability of the federal government...

Sep 20, 2023
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Article
Digital Assets Payments