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Fed holds rates steady, hints at 2024 cuts

The Federal Open Market Committee voted to hold target interest rates at a range of 5.25-5.50% and indicated rate cuts are on the table in 2024.

Dec 14, 2023
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Article
Federal Reserve

Postal Inspectors warning consumers about check washing

The U.S. Postal Inspection Service is warning consumers about check washing, in which fraudsters change payee names and dollar amounts on checks and fraudulently deposit them.

Dec 14, 2023
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Article
Fraud

ThinkTECH Connect set for today

ICBA today is hosting a fast and informative session to explore fintech solutions for community banks.

Dec 14, 2023
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Article

ICBA Supports Bill to Restrict Sale of ‘Trigger Leads’

The Independent Community Bankers of America (ICBA) today expressed support for bipartisan legislation to help protect the financial privacy of mortgage applicants.

Dec 14, 2023
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Article
Mortgage Lending Mortgage Rules

ICBA supports bill to clarify CFPB’s UDAAP authority

ICBA expressed support for new legislation designed to bring clarity and balance to the Consumer Financial Protection Bureau’s application of its authority to oversee unfair, deceptive, and abusive...

Dec 13, 2023
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Article
Consumer Financial Protection Bureau (CFPB) Compliance

Today: CDFI Fund webinar on revised certification application

The Community Development Financial Institutions Fund is slated to host a live webinar at 1:30 p.m. (Eastern time) today on its recently revised CDFI certification application.

Dec 13, 2023
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Article
Community Development Financial Institution (CDFI)

Buhrmaster named New York Fed director

The Federal Reserve Bank of New York announced that former ICBA Chairman John Buhrmaster, president and CEO of 1st National Bank of Scotia, N.Y., has been elected as a Class A director representing...

Dec 13, 2023
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Article

ICBA Past Chairman Jim Ghiglieri dies

ICBA Past Chairman Jim Ghiglieri died Saturday morning. The former president of Alpha Financial Group in Toluca, Ill., served as ICBA chairman in 2007-2008.

Dec 12, 2023
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Article