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Senate spending deal excludes ICBA-opposed policies

The Senate budget reconciliation deal announced this week by Senate Majority Leader Chuck Schumer (D-N.Y.) and Sen. Joe Manchin (D-W.Va.) excludes several proposed tax provisions strongly opposed...

Jul 29, 2022
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Article
Taxes & Budget

Senate drops postal banking funding from appropriations bill

Senate appropriators dropped an ICBA-opposed legislative proposal to expand the U.S. Postal Service’s banking pilot after ICBA urged lawmakers to block the plan.

Jul 29, 2022
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Article
Postal Service Banking

OCC issues CRA fact sheets ahead of comment deadline

The OCC released a series of fact sheets on the banking agencies’ proposed updates to Community Reinvestment Act regulations ahead of the Aug. 5 comment deadline.

Jul 29, 2022
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Article
Compliance

CFPB adds new debt-collection FAQs

The Consumer Financial Protection Bureau added a new section to its frequently asked questions on the Debt Collection Rule in Regulation F.

Jul 29, 2022
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Article
Compliance

ICBA to committee: Fully vet stablecoin bill before any vote

While legislation is urgently needed to address risks posed by unregulated stablecoins, taking up last-minute legislation at this week’s House Financial Services Committee markup would be...

Jul 25, 2022
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Article
Digital Assets Technology

FS-ISAC spotlights Holy Ghost ransomware group

The Financial Services Information Sharing and Analysis Center’s latest weekly risk report details the Holy Ghost ransomware group, which has been active for more than a year and has connections to...

Jul 25, 2022
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Article
Cybersecurity Technology

ICBA urges agencies to keep voluntary cyber tool up to date

ICBA called on federal regulators to continue building on the Cybersecurity Assessment Tool risk assessment framework while keeping it voluntary.

Jul 25, 2022
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Article
Cybersecurity Technology

Senators introduce broad cannabis bill as safe harbor push continues

Senate Democrats introduced sweeping legislation to end federal cannabis prohibitions, potentially paving the way for an ICBA-advocated cannabis banking safe harbor.

Jul 22, 2022
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Article
Cannabis banking