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FDIC’s Hill cites credit unions in discussion of bank merger review
If the FDIC reopens its policies on bank mergers, it should consider competition from credit unions and other nonbank institutions that perform bank-like functions, FDIC Vice Chairman Travis Hill...
Another court rules against CFPB’s 1071 rule
Another federal district court has ruled that the Consumer Financial Protection Bureau may not enforce its Section 1071 small-business rule until the Supreme Court rules on the constitutionality of...
CFPB updates FAQs on 1071 rule
The Consumer Financial Protection Bureau updated its frequently asked questions on its Section 1071 small-business rule.
Innovation and relationship banking define community bank value proposition: ICBA leaders
Data show that consumers and small businesses value the symbiotic relationship between innovation and relationship banking that community banks offer, ICBA community bankers wrote in a new LinkedIn...
CFPB issues guidance on credit denials by lenders using AI
The Consumer Financial Protection Bureau issued guidance about certain legal requirements that lenders must adhere to when using artificial intelligence and other complex models.
ICBA ThinkTECH Accelerator Alum Chimney Wins “Best of Show” Honors at FinovateFall 2023
The Independent Community Bankers of America (ICBA) celebrates this year’s FinovateFall 2023 Best of Show winner, Chimney, a member of the 2022 ICBA ThinkTECH Accelerator cohort.
Senate panel to mark up cannabis banking bill this month
The Senate Banking Committee said it would meet Sept. 27 to consider ICBA-advocated legislation to establish a safe harbor from federal sanctions for financial institutions that serve...
ICBA urges CBDC opposition at House hearing
ICBA reiterated to Congress its opposition to the creation of a U.S. central bank digital currency.