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ICBA Urges FDIC to Reject Applications Under Industrial Loan Company Loophole to Prevent Risks to Consumers
ICBA told the FDIC that it has a statutory duty to reject the applications of industrial loan companies (ILCs) that pose undue risks to the Deposit Insurance Fund and that fail to serve the...
Sep 19, 2025
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Article
Advocacy
Federal Deposit Insurance Corporation Improvement Act (FDICIA)
FDIC seeking input on AML/CFT compliance costs
The FDIC requested comment on a proposal to survey banks about the costs to comply with the Bank Secrecy Act and related anti-money laundering and countering the financing of terrorism requirements.
Sep 16, 2025
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Article
Federal Deposit Insurance Corporation (FDIC)
Senate confirms Miran for Fed post
The Senate voted 48-47 to confirm the nomination of Stephen Miran to be a Federal Reserve governor.
Sep 16, 2025
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Article
Federal Reserve
Federal Deposit Insurance Corporation (FDIC)
Office of the Comptroller of Currency (OCC)
Miran sworn in as Fed governor
The Federal Reserve announced that Stephen Miran was sworn in as a Fed governor.
Sep 17, 2025
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Article
Federal Reserve