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CFPB issues additional 1071 sample form formats

The Consumer Financial Protection Bureau issued additional file formats for its Section 1071 small-business data-collection sample form.

Apr 18, 2023
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Article
Compliance

ICBA to FDIC: Exempt community banks from special assessment

ICBA urged the FDIC to exempt community banks from any special assessment to recover Deposit Insurance Fund losses caused by the failures of Silicon Valley Bank and Signature Bank of New York.

Apr 17, 2023
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Article
Deposit Insurance

CFPB revises average prime offer rate methodology

The Consumer Financial Protection Bureau announced a revised version of its methodology for determining average prime offer rates.

Apr 17, 2023
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Article
Compliance

ICBA Strongly Opposes SBA Rule Opening 7(a) Program to Unregulated Fintechs

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Small Business Administration final rule on its 7(a) program.

Apr 14, 2023
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Article
Fintech Regulation Small Business Administration