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Study: Credit card routing bill would harm small businesses

ICBA-opposed legislation to impose credit card routing restrictions would disproportionately benefit the nation’s top five businesses and put small retailers at a further competitive disadvantage,...

Feb 08, 2024
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Article
Credit Cards

Due tomorrow: Comment letters opposing corporate governance proposal

ICBA is urging community bankers to send letters to the FDIC by tomorrow’s deadline opposing proposed guidelines to establish new corporate governance and risk management standards.

Feb 08, 2024
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Article
Federal Deposit Insurance Corporation (FDIC)

ICBA urging letters on corporate governance proposal

ICBA is calling on community bankers to send letters to the FDIC opposing proposed guidelines to establish new corporate governance and risk management standards.

Feb 07, 2024
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Article
Federal Deposit Insurance Corporation (FDIC)

Credit union regulator: lack of third-party oversight ‘Achilles’ heel’

National Credit Union Administration Chairman Todd Harper said his agency’s lack of oversight of credit union service organizations is an Achilles’ heel for the credit union system.

Feb 07, 2024
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Article
Credit Unions

Lawmakers urge House hearing on Navy Federal lending practices

House Financial Services Ranking Member Maxine Waters (D-Calif.) and other Democratic committee members urged Chairman Patrick McHenry (R-N.C.) to hold a hearing on reports of discriminatory...

Feb 06, 2024
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Article
Credit Unions

FinCEN renewing Currency Transaction Report control numbers

The Financial Crimes Enforcement Network published a 60-day notice to renew the Office of Management and Budget control numbers assigned to Currency Transaction Reports.

Feb 06, 2024
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Article
Compliance Financial Crimes Enforcement Network (FinCEN)

Tax Foundation calls for end of credit union tax exemption

The nonpartisan Tax Foundation released a new report calling on policymakers to wean credit unions off taxpayer subsidies.

Feb 05, 2024
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Article
Credit Unions

ICBA continues grassroots on ILC, ‘trigger leads’ bills

ICBA is calling on community bankers to urge their members of Congress to support bills that would close the industrial loan company loophole and protect the financial privacy of mortgage applicants.

Feb 05, 2024
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Article
Grassroots/Be Heard