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ICBA opposes resubmitted Rakuten ILC application

ICBA opposes resubmitted Rakuten ILC application ICBA called on the FDIC to deny Rakuten Bank America’s resubmitted federal deposit insurance application and urged Congress to permanently close the...

Jul 01, 2020
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Article
Commerce & Banking

Senate votes to extend PPP into August

Senate votes to extend PPP into August The Senate passed legislation to extend the Paycheck Protection Program application deadline until Aug. 8, sending it to the House hours before the SBA...

Jul 01, 2020
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Article

FinCEN issues BSA/AML guidance on hemp businesses

FinCEN issues BSA/AML guidance on hemp businesses The Financial Crimes Enforcement Network issued guidance on BSA/AML regulatory requirements for hemp-related business customers. The Financial...

Jun 30, 2020
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Article
Compliance

Supreme Court won't consider credit union redlining case

Supreme Court won't consider credit union redlining case The U.S. Supreme Court declined to review the National Credit Union Administration's field-of-membership rules, ending an ICBA-supported...

Jun 30, 2020
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Article
Credit Unions

ICBA Statement on Supreme Court Decision in Credit Union Redlining Case

ICBA Statement on Supreme Court Decision in Credit Union Redlining Case Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on today's...

Jun 29, 2020
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Article
Credit Unions

PPP shines light on community banks

PPP shines light on community banks The Paycheck Protection Program has cast a national light on the role of community banks in supporting small businesses, ICBA President and CEO Rebeca Romero...

Jun 29, 2020
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Article

Retail sales stage a comeback in May, but the hole remains deep

Retail sales stage a comeback in May, but the hole remains deep Visa economists break down the latest trends among consumer behaviors in their June Monthly Consumer Monitor report. Visa economists...

Jun 26, 2020
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Article

FDIC codifies 'valid when made' doctrine

FDIC codifies 'valid when made' doctrine The FDIC issued an ICBA-supported rule codifying agency guidance that the valid interest rate for a loan is determined when the loan is made and is...

Jun 26, 2020
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Article
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