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House members urge SBA to change PPP loan forgiveness policy

A group of House members led by Rep. Chrissy Houlahan (D-Pa.) sent an ICBA-supported letter to the Small Business Administration calling for common-sense reform to Paycheck Protection Program loan...

Sep 16, 2022
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Article
Crisis Preparedness

Senate bill would bar Fed from issuing CBDC

Sen. Mike Lee (R-Utah) introduced legislation to prohibit the Federal Reserve from issuing a central bank digital currency.

Sep 16, 2022
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Article
Digital Assets Technology

Cannabis banking co-sponsors in talks on compromise Senate bill

Lead co-sponsors of ICBA-advocated legislation to allow legal cannabis-related businesses to access banking services said they are working with key senators to advance the House-passed bill in the...

Sep 15, 2022
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Article
Cannabis banking

CFPB: Credit report furnishers must investigate disputes

The Consumer Financial Protection Bureau said the Fair Credit Reporting Act requires credit report furnishers to investigate potential inaccuracies in consumer credit reports.

Sep 15, 2022
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Article
Compliance

Durbin Amendment expansion grassroots continues

Community bankers can continue using ICBA’s Be Heard grassroots action center to oppose legislation that would create new credit card routing mandates that expand on Durbin Amendment payments...

Sep 15, 2022
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Article
Lending Payments

Farm Credit System reports favorable results despite headwinds

The Farm Credit Administration reported that tight labor markets, rising interest rates, a strong dollar, high energy prices, and drought conditions are creating uncertainty in rural economies and...

Sep 13, 2022
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Article
Agriculture

FDIC Second-Quarter Deposit Data Show Proposed Assessment Rate Hike Not Needed

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the FDIC’s latest Quarterly Banking Profile.

Sep 08, 2022
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Article
Deposit Insurance

ICBA Statement on Federal Home Loan Bank Review

ICBA statement on the Federal Housing Finance Agency’s comprehensive review of the Federal Home Loan Bank System.

Sep 06, 2022
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Article
Federal Home Loan Banks (FHLB) Federal Housing Finance Agency