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Treasury plans child tax credit mobile sign-up

Treasury plans child tax credit mobile sign-up The Treasury Department and IRS released details of the second round of Advance Child Tax Credit payments and said they are working on a sign-up tool...

Aug 16, 2021
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Article
Taxes & Budget

Treasury issues guidance on MDI, CDFI program

Treasury issues guidance on MDI, CDFI program The Treasury Department released revised guidance on its Emergency Capital Investment Program to support minority and community development financial...

Aug 13, 2021
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Article
Minority Owned Depository Institutions (MDI)

ICBA to Fed: Analyze Impact of Interchange Updates Before Finalizing Changes

ICBA to Fed: Analyze Impact of Interchange Updates Before Finalizing Changes ICBA today said the Federal Reserve Board should not update debit card interchange regulations without first fully...

Aug 11, 2021
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Article
International & Remittance Transfers Payments

Senate blocks amendment to stop IRS monitoring on party-line vote

Senate blocks amendment to stop IRS monitoring on party-line vote The Senate voted down an ICBA-advocated amendment that would have barred the IRS from using funds in a pending spending bill to...

Aug 11, 2021
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Article
Taxes & Budget

LEAD FWD lineup taking shape

LEAD FWD lineup taking shape The speaker lineup for the ICBA LEAD FWD Summit, live-streaming Sept. 21-22, is taking shape with the announcement of Precious Williams, a 13-time national pitch...

Aug 05, 2021
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Article

OCC, SEC discuss the state of cryptocurrency

OCC, SEC discuss the state of cryptocurrency In separate events, Securities and Exchange Chairman Gary Gensler and Acting Comptroller of the Currency Michael Hsu discussed efforts underway to adapt...

Aug 04, 2021
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Article
Digital Assets Technology Fintech Regulation

CFPB: Mortgage servicers’ pandemic response varies significantly

CFPB: Mortgage servicers’ pandemic response varies significantly The Consumer Financial Protection Bureau published a report detailing the mortgage industry’s varied response to the pandemic. The...

Aug 11, 2021
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Article
Compliance

PPP non-employer borrowers most successful with community banks: study

PPP non-employer borrowers most successful with community banks: study Small businesses without employees were most successful in obtaining Paycheck Protection Program funding from community banks...

Aug 06, 2021
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Article
Crisis Preparedness Lending