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Credit union regulator: lack of third-party oversight ‘Achilles’ heel’
National Credit Union Administration Chairman Todd Harper said his agency’s lack of oversight of credit union service organizations is an Achilles’ heel for the credit union system.
Lawmakers urge House hearing on Navy Federal lending practices
House Financial Services Ranking Member Maxine Waters (D-Calif.) and other Democratic committee members urged Chairman Patrick McHenry (R-N.C.) to hold a hearing on reports of discriminatory...
Tax Foundation calls for end of credit union tax exemption
The nonpartisan Tax Foundation released a new report calling on policymakers to wean credit unions off taxpayer subsidies.
ICBA continues grassroots on ILC, ‘trigger leads’ bills
ICBA is calling on community bankers to urge their members of Congress to support bills that would close the industrial loan company loophole and protect the financial privacy of mortgage applicants.
ICBA to FTC: Exclude community banks from fee rulemaking
ICBA urged the Federal Trade Commission to explicitly exclude community banks from a proposed rule requiring commercial businesses to include all mandatory fees when advertising their prices.
As agencies launch reg review, ICBA urges meaningful results
With the federal banking agencies launching their latest regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act, ICBA urged the agencies to advance more meaningful...
Yellen calls for federal floor on stablecoin regulations
While federal agencies have some regulatory authority to oversee digital assets, Congress should develop a framework to close gaps in oversight, Treasury Secretary Janet Yellen told the House...
ICBA Urges Federal Banking Agencies to Ensure Meaningful Regulatory Review
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the start of the interagency review of federal banking regulations under the...