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Treasury crypto sanctions portend broad regulatory response

Treasury crypto sanctions portend broad regulatory response Financial regulators on Tuesday began cracking down on cryptocurrency exchanges and laid out significant concerns with digital assets....

Sep 22, 2021
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Article
Payments

FinCEN issues online child sexual exploitation notice

FinCEN issues online child sexual exploitation notice The Financial Crimes Enforcement Network issued a notice on increasing online child sexual exploitation. The notice provides financial...

Sep 21, 2021
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Article
Compliance Cybersecurity

Industrial Loan Company Loophole Necessitates Congressional Scrutiny and Legislative Solution

Industrial Loan Company Loophole Necessitates Congressional Scrutiny and Legislative Solution This morning, the U.S. House Financial Services Subcommittee on Consumer Protection and Financial...

Sep 29, 2021
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Article
Lending

ICBA Urges FDIC to Permanently Raise Regulatory Asset Thresholds

ICBA Urges FDIC to Permanently Raise Regulatory Asset Thresholds The Independent Community Bankers of America today called on the Federal Deposit Insurance Corp. to raise regulatory asset...

Sep 27, 2021
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Article
Advocacy Deposit Insurance

SBA: PPP portal tops 1M submissions

SBA: PPP portal tops 1M submissions The SBA said its Paycheck Protection Program Direct Borrower Forgiveness Portal has topped 1 million applications for $17 billion in relief since it launched...

Sep 27, 2021
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Article
Advocacy Crisis Preparedness

ICBA Statement on Nomination of Saule Omarova for Comptroller of the Currency

ICBA Statement on Nomination of Saule Omarova for Comptroller of the Currency ICBA President and CEO Rebeca Romero Rainey issued the following statement on President Joe Biden’s intent to nominate...

Sep 23, 2021
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Article
Office of the Comptroller of Currency (OCC)

IRS consumer campaign tops 400K messages

IRS consumer campaign tops 400K messages ICBA’s campaign urging consumers to speak out against an IRS reporting proposal topped 400,000 consumer messages to members of Congress, with lawmakers...

Sep 23, 2021
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Article
Taxes & Budget

ICBA kicks off ad campaign targeting credit unions

ICBA kicks off ad campaign targeting credit unions ICBA launched a print and digital advertising campaign on the credit union tax exemption ahead of a key congressional hearing next week. ICBA...

Sep 23, 2021
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Article
Credit Unions