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House passes spending bill without IRS reporting plan

House passes spending bill without IRS reporting plan The House passed its version of the Build Back Better reconciliation bill without numerous ICBA-opposed provisions, including the IRS bank...

Nov 22, 2021
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Article
Taxes & Budget

Fed officials: Faster tapering may be needed

Fed officials: Faster tapering may be needed Federal Reserve officials discussed the potential need to speed up the tapering of asset purchases in response to rising job gains and inflation....

Nov 22, 2021
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Article
Federal Reserve

OCC nominee faces tough questions at Senate hearing

OCC nominee faces tough questions at Senate hearing Community bank opposition to Saule Omarova’s nomination to lead the Office of the Comptroller of the Currency took center stage at a contentious...

Nov 19, 2021
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Article
Office of the Comptroller of Currency (OCC)

ICBA urging grassroots pushback against SBA direct lending plan

ICBA urging grassroots pushback against SBA direct lending plan ICBA is calling on community bankers to continue the campaign opposing proposed changes to the SBA 7(a) loan program contained in the...

Nov 17, 2021
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Article
Lending

Hsu: Agencies planning additional clarity on crypto activities

Hsu: Agencies planning additional clarity on crypto activities Federal banking regulators will soon issue a short statement that describes the recently concluded interagency “crypto sprint,” Acting...

Nov 17, 2021
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Article
Digital Assets Technology

ICBA, state groups oppose Omarova OCC nomination

ICBA, state groups oppose Omarova OCC nomination ICBA and state community banking groups expressed opposition to Cornell University law professor Saule Omarova’s nomination to lead the Office of...

Nov 18, 2021
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Article
Office of the Comptroller of Currency (OCC)

ICBA, groups push for NCUA oversight hearing

ICBA, groups push for NCUA oversight hearing ICBA and other groups called on Congress to hold an oversight hearing on troubling National Credit Union Administration rulemaking activity. ICBA and...

Nov 18, 2021
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Article
Credit Unions

Credit union satisfaction lags banks again: index

Credit union satisfaction lags banks again: index Consumer satisfaction with credit unions lagged banks for the third year in a row, according to a national survey covered by CU Today. Consumer...

Nov 17, 2021
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Article
Credit Unions

ICBA urging grassroots pushback against SBA direct lending plan

ICBA urging grassroots pushback against SBA direct lending plan ICBA is calling on community bankers to continue the campaign opposing proposed changes to the SBA 7(a) loan program contained in the...

Nov 16, 2021
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Article
Lending

Republican senators denounce postal banking pilot

Republican senators denounce postal banking pilot A group of 19 Senate Republicans led by Sen. John Boozman (Ark.) denounced an ICBA-opposed U.S. Postal Service pilot program to test postal...

Nov 16, 2021
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Article
Postal Service Banking

ICBA-backed updates included in cyber reporting bill

ICBA-backed updates included in cyber reporting bill Lawmakers reached an agreement on bipartisan cyber incident reporting legislation that includes ICBA-advocated updates to avoid excessive...

Nov 08, 2021
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Article
Cybersecurity Technology

ICBA to Congress: Extend data security standards to nonbanks

ICBA to Congress: Extend data security standards to nonbanks ICBA called on Congress to extend Gramm-Leach-Bliley Act data security standards to retailers, technology companies, and other parties...

Nov 04, 2021
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Article
Cybersecurity Technology

IRS issues November Child Tax Credit payments

IRS issues November Child Tax Credit payments The Treasury Department said families with roughly 61 million eligible children received more than $15 billion in the fifth batch of Advance Child Tax...

Nov 16, 2021
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Article
Taxes & Budget

House committee Republicans issue CBDC principles

House committee Republicans issue CBDC principles House Financial Services Committee Republicans released principles to guide Congress in evaluating potential proposals for a U.S. central bank...

Nov 16, 2021
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Article
Digital Assets Technology

IRS reporting press push continues

IRS reporting press push continues The community banking industry continued its media push against the IRS bank reporting proposal, which remains a threat even after it was recently left out of the...

Nov 09, 2021
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Article
Taxes & Budget

Treasury targets ransomware operators

Treasury targets ransomware operators The Treasury Department announced a new round of coordinated actions as part of the federal government’s response to ransomware. The Treasury Department...

Nov 09, 2021
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Article
Cybersecurity Technology

ICBA continues IRS push in congressional roundtable

ICBA continues IRS push in congressional roundtable ICBA continued pushing back against the IRS reporting proposal during testimony at a House Financial Services Committee Republican roundtable....

Nov 08, 2021
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Article
Taxes & Budget

ICBA releases new innovation podcast

ICBA releases new innovation podcast ICBA released the second podcast in its new Communities of Innovation series on community bank innovation stories and experiences. ICBA released the second...

Nov 08, 2021
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Article
Technology

CFPB targets faulty identity matching practices

CFPB targets faulty identity matching practices The Consumer Financial Protection Bureau issued an advisory opinion affirming that consumer reporting companies engaging in “shoddy name-matching...

Nov 05, 2021
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Article
Compliance

ICBA joining webinar on bank-like credit unions

ICBA joining webinar on bank-like credit unions ICBA Chairman Robert Fisher will participate in a National Taxpayers Union webinar scheduled for next week on the “rise of bank-like credit unions.”...

Nov 04, 2021
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Article
Credit Unions