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Lawmakers to CFPB: Consider impact of 1071 reporting

Lawmakers to CFPB: Consider impact of 1071 reporting House Financial Services Committee Republicans called on the Consumer Financial Protection Bureau to consider the impact on small institutions...

Jul 30, 2021
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Article
Compliance

CFPB launches tool to help renters, landlords access federal assistance

CFPB launches tool to help renters, landlords access federal assistance The Consumer Financial Protection Bureau released an online tool to help renters and landlords affected by the pandemic find...

Jul 29, 2021
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Article
Compliance

Idaho Bankers Association Endorses ICBA Securities

Idaho Bankers Association Endorses ICBA Securities ICBA Securities Inc., the broker-dealer subsidiary of the Independent Community Bankers of America has received the endorsement of the Idaho...

Jul 28, 2021
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Article

ICBA, Business Coalition Oppose IRS Reporting Proposal

ICBA, Business Coalition Oppose IRS Reporting Proposal The Independent Community Bankers of America and a broad coalition of business groups today expressed strong opposition to a Treasury...

Jul 28, 2021
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Article
Taxes & Budget

Gensler: SEC regs apply to securities-backed crypto assets

Gensler: SEC regs apply to securities-backed crypto assets Securities and Exchange Commission Chair Gary Gensler said securities regulations apply to platforms that offer crypto tokens or other...

Jul 23, 2021
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Article
Fintech Regulation Securities Exchange Commission (SEC)

ICBA to Congress: Don’t raise g-fees for infrastructure funding

ICBA to Congress: Don’t raise g-fees for infrastructure funding ICBA and other organizations called on Senate infrastructure negotiators to refrain from using Fannie Mae and Freddie Mac guarantee...

Jul 23, 2021
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Article
Mortgage Rules Federal Home Loan Banks (FHLB) Housing Finance/GSEs

OCC to propose rescinding CRA rule

OCC to propose rescinding CRA rule The OCC said it will propose rescinding its May 2020 Community Reinvestment Act rule and work with other agencies on a joint rulemaking. The OCC said it will...

Jul 22, 2021
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Article
Compliance

CFPB settlement sets Sept. 30 deadline for 1071 proposal

CFPB settlement sets Sept. 30 deadline for 1071 proposal A lawsuit on the Consumer Financial Protection Bureau’s implementation of small-business data collection and reporting rules determined that...

Jul 20, 2021
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Article
Compliance

FHFA eliminates ICBA-opposed GSE fee

FHFA eliminates ICBA-opposed GSE fee ICBA welcomed the Federal Housing Finance Agency’s announcement that it will eliminate an ICBA-opposed fee on refinance loans delivered to the...

Jul 19, 2021
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Article
Federal Home Loan Banks (FHLB) Federal Housing Finance Agency Regulatory Relief

ICBA launches fintech investment fund

ICBA launches fintech investment fund ICBA is forming BankTech Ventures, an investment fund designed to accelerate technology opportunities and adoption at community banks. ICBA is forming BankTech...

Jul 19, 2021
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Article
Fintech Innovation

ICBA: Postal banking designed to fail

ICBA: Postal banking designed to fail Postal banking is a risky venture for which the U.S. Postal Service is ill suited, ICBA told Congress in its latest issue brief. Postal banking is a risky...

Jul 16, 2021
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Article
Government Banks Postal Service Banking

ICBA urges grassroots on rural lending tax relief

ICBA urges grassroots on rural lending tax relief Following the recent Senate introduction of legislation to provide rural lending tax relief, ICBA is calling on community bankers to urge their...

Jul 16, 2021
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Article
Agriculture Rural Development

Child Tax Credit payments start today

Child Tax Credit payments start today The IRS today begins distributing Advance Child Tax Credit payments authorized by the American Rescue Plan. The IRS today begins distributing Advance Child Tax...

Jul 15, 2021
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Article
Taxes & Budget

Independent Banker Ranks Top Loan Performers

Independent Banker Ranks Top Loan Performers This month’s issue of Independent Banker, the award-winning magazine of the Independent Community Bankers of America (ICBA) and the number-one source...

Jul 14, 2021
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Article

ICBA Promotes Mike DeVoll to Assistant Vice President, Marketing Strategy and Execution

ICBA Promotes Mike DeVoll to Assistant Vice President, Marketing Strategy and Execution The Independent Community Bankers of America today announced Mike DeVoll’s promotion to assistant vice...

Jul 16, 2021
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Article

ICBA Welcomes End of FHFA Refinance Fee

ICBA Welcomes End of FHFA Refinance Fee Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on today's Federal Housing Finance Agency...

Jul 16, 2021
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Article
Mortgage Rules

FASB to pursue further CECL improvements

FASB to pursue further CECL improvements The Financial Accounting Standards Board this week agreed to add a project to its technical agenda to investigate the suspension of troubled debt...

Jul 16, 2021
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Article
Current Expected Credit Losses (CECL) Audit

CISA warns of Microsoft Print Spooler vulnerability

CISA warns of Microsoft Print Spooler vulnerability The Cybersecurity and Infrastructure Security Agency issued Emergency Directive 21-04 on mitigating a vulnerability in the Microsoft Windows...

Jul 15, 2021
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Article
Risk Cybersecurity

Agencies propose guidance on third-party relationships

Agencies propose guidance on third-party relationships Federal banking regulators proposed interagency guidance designed to help banks manage risks associated with third-party relationships,...

Jul 14, 2021
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Article
Compliance

Terri Howard Joins TCM Bank as Senior Vice President, People & Culture

Terri Howard Joins TCM Bank as Senior Vice President, People & Culture TCM Bank, N.A., the credit card bank of ICBA Bancard®, which is the payments services subsidiary of the Independent Community...

Jul 12, 2021
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Article