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As crypto CEOs testify, ICBA urges coordinated regulatory approach

Dec 9, 2021 | NewsWatch Today
With cryptocurrency CEOs testifying before Congress, ICBA called on policymakers to enact a comprehensive, coordinated regulatory approach to digital assets that ensures innovation is undertaken safely.

ICBA-opposed Omarova nomination withdrawn

Dec 8, 2021 | NewsWatch Today
Law professor Saule Omarova withdrew her nomination to lead the Office of the Comptroller of the Currency following public opposition by ICBA and affiliated state community banking groups.

CFPB issues final rule on LIBOR transition

Dec 8, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau finalized a rule facilitating the transition away from the LIBOR interest rate index for consumer financial products.

FinCEN proposes rule to implement beneficial owner reforms

Dec 8, 2021 | NewsWatch Today
The Financial Crimes Enforcement Network issued a proposed rule to implement ICBA-advocated beneficial ownership reporting provisions of the Corporate Transparency Act passed in 2020.

HUD issues guidance on special-purpose credit programs

Dec 8, 2021 | NewsWatch Today
The Department of Housing and Urban Development released guidance clarifying that special-purpose credit programs that conform with the Equal Credit Opportunity Act and Regulation B generally do not violate the Federal Fair Housing Act.

This week: ICBA advocacy briefing on 1071 push

Dec 7, 2021 | NewsWatch Today
ICBA this week is hosting a complimentary briefing on its campaign targeting the Consumer Financial Protection Bureau’s Section 1071 proposal.

ICBA to CFPB: Extend inquiry of largest tech firms

Dec 7, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau should extend its inquiry of the six largest technology companies to all tech firms that participate in payments and financial services or hold consumer data, ICBA said.

Credit unions report Q3 growth

Dec 7, 2021 | NewsWatch Today
Shares and deposits at federally insured credit unions increased 14.4% in the third quarter from the previous year, the National Credit Union Administration reported.

ICBA advocacy briefing this week on 1071 push

Dec 6, 2021 | NewsWatch Today
ICBA this week is hosting a complimentary briefing on its campaign targeting the Consumer Financial Protection Bureau’s Section 1071 proposal.

Boozman op-ed targets postal banking pilot

Dec 6, 2021 | NewsWatch Today
A U.S. Postal Service pilot program to test postal banking will further complicate already-strained mail delivery, Sen. John Boozman (Ark.) wrote in a new op-ed.

New ICBA video: Call for credit union hearings

Dec 3, 2021 | NewsWatch Today
ICBA released a new video distinguishing taxpaying community banks from tax-exempt credit unions.

ICBA 1071 campaign continues

Dec 3, 2021 | NewsWatch Today
ICBA this week began calling on community bankers to submit personalized comments on the Consumer Financial Protection Bureau’s proposal to implement Dodd-Frank Section 1071 collection and reporting requirements.