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ICBA Urges Court and CFPB to Grant Relief from 1071 Small-Business Rule

ICBA, the Independent Bankers Association of Texas (IBAT), and Texas First Bank today filed a motion and complaint calling on a federal court to declare that the CFPB’s Section 1071 final rule is...

Aug 04, 2023
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Article
Consumer Financial Protection Bureau (CFPB)

Independent Banker magazine wins 2023 Content Marketing Award for Top Association Publication

ICBA Independent Banker magazine was named the winning association publication in the 2023 Content Marketing Awards.

Aug 04, 2023
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Article

Minneapolis Fed: Higher rates affect least profitable ag producers most

A recent article from the Federal Reserve Bank of Minneapolis explains how higher interest rates affect the farm sector.

Aug 04, 2023
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Article
Agriculture

Regulators update BSA/AML exam manual

The Federal Financial Institutions Examination Council announced updated sections and related examination procedures in its Bank Secrecy Act/Anti-Money Laundering Examination Manual.

Aug 03, 2023
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Article
Compliance

Romero Rainey: ICBA continues advocating community bank 1071 relief

ICBA is taking steps to ensure that a recent court decision granting temporary injunctive relief from the CFPBs Section 1071 final rule applies to all community banks, ICBA President and CEO Rebeca...

Aug 02, 2023
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Article
Compliance

Nonbank Figure withdraws OCC charter application

Figure Technologies, a nonbank consumer lender looking to expand into payments services, withdrew its application for a national bank charter.

Aug 02, 2023
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Article
State-Owned/Public Banks

Committee passes ICBA-advocated resolution to block CFPB’s 1071 rule

The House Financial Services Committee voted 29-21 to advance an ICBA-advocated resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule.

Jul 28, 2023
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Article
Compliance

FDIC issues new cease-and-desist letter on deposit insurance claims

The FDIC issued a new letter demanding that a nonbank crypto entity cease making false or misleading representations about deposit insurance.

Aug 07, 2023
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Article
Deposit Insurance