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Credit Unions Exploit Federal Tax Exemption to Acquire Tax-Paying Community Banks; Congress Must Act
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement after another community bank acquisition by a tax-exempt credit union:
Aug 19, 2024
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Article
Credit Unions
CFPB updates small business lending instructions
The Consumer Financial Protection Bureau updated its 2025 Small Business Lending Filing Instructions Guide.
Aug 19, 2024
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Article
Consumer Financial Protection Bureau (CFPB)
Compliance
Credit union acquisitions generating new headlines
The ICBA-opposed trend of tax-exempt credit unions acquiring taxpaying community banks generated a new round of headlines.
Aug 16, 2024
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Article
Credit Unions
Lawmakers: CFPB’s medical debt proposal will make health care more expensive
Republican members of the House Financial Services Committee said the Consumer Financial Protection Bureau’s proposal to remove medical debt from credit reports will make health care more expensive...
Aug 16, 2024
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Article
Consumer Financial Protection Bureau (CFPB)