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CFPB: TILA doesn’t preempt N.Y. disclosure law

The Consumer Financial Protection Bureau issued a preliminary determination that the Truth in Lending Act does not preempt a New York state law requiring commercial financing disclosures.

Dec 09, 2022
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Article
Compliance

ICBA urges passage of new Senate bill to close ILC loophole

ICBA expressed strong support for the introduction of Senate legislation to close the industrial loan company loophole.

Dec 07, 2022
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Article
Lending

Financial Services and Consumer Groups Support Senate Bill to Close Industrial Loan Company Loophole

Today, a broad coalition of financial services and consumer organizations expressed support for new legislation to close the industrial loan company (ILC) charter loophole, the "Close the Shadow...

Dec 06, 2022
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Article
Lending

Grassroots key as Senate cannabis banking debate ramps up

With the debate over ICBA-advocated cannabis banking legislation picking up as some policymakers express concerns and others confidence in the bill's passage, ICBA is urging community bankers to...

Dec 05, 2022
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Article
Cannabis banking