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CFPB releases beta test of small business lending platform

The Consumer Financial Protection Bureau announced the availability of the beta platform for the small business lending data collection rule pursuant to section 1071 of the Dodd-Frank Act.

Aug 27, 2024
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Article
Consumer Financial Protection Bureau (CFPB)

SEC files charges against crypto firm

The Securities and Exchange Commission announced that it filed charges against a “crypto bank” that claimed depositors could earn returns “auto-magically.”

Aug 27, 2024
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Article
Digital Assets

CISA warns of Iran-based ransomware attacks

The Cybersecurity and Infrastructure Security Agency, the FBI and the Department of Defense warns of cyber actors known as Pioneer Kitten, UNC757, Parisite, Rubidium, and Lemon Sandstorm are...

Aug 29, 2024
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Article
Cybersecurity

ICBA: Credit union buying stadium naming rights highlights tax inequity

ICBA said that a credit union paying for NFL stadium naming rights is the latest example of how credit unions are violating the limits established by Congress to justify their federal tax exemption.

Aug 28, 2024
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Article
Credit Unions

FinCEN: Financial institutions should remain vigilant to transactions associated with synthetic opioids

The Financial Crimes Enforcement Network reminded financial institutions to monitor for and report suspicious transactional activity related to the illicit fentanyl supply chain and the trafficking...

Aug 28, 2024
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Article
Compliance Financial Crimes Enforcement Network (FinCEN)

ICBA: Washington Commanders Stadium Naming Rights Deal Illustrates What Is Wrong with Credit Union Policy

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey today issued the following statement on today’s announcement from Northwest Federal Credit Union and the...

Aug 27, 2024
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Article
Credit Unions

ICBA will continue the fight after court denies motion challenging 1071 rule

ICBA will continue fighting the Consumer Financial Protection Bureau’s 1071 small-business rule after a U.S. District Court denied ICBA’s legal challenge to the agency’s rulemaking.

Aug 27, 2024
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Article
Consumer Financial Protection Bureau (CFPB)

ICBA LIVE 2025 registration is open

Registration is open for ICBA LIVE 2025, slated for March 11-14 at the Gaylord Opryland Resort & Convention Center in Nashville.

Aug 26, 2024
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Article