The Senate budget reconciliation deal announced this week by Senate Majority Leader Chuck Schumer (D-N.Y.) and Sen. Joe Manchin (D-W.Va.) excludes several proposed tax provisions strongly opposed by ICBA.
Senate appropriators dropped an ICBA-opposed legislative proposal to expand the U.S. Postal Service’s banking pilot after ICBA urged lawmakers to block the plan.
The Small Business Administration said its Paycheck Protection Program platform can now accept borrower requests to review lenders’ partial forgiveness decisions.
The OCC released a series of fact sheets on the banking agencies’ proposed updates to Community Reinvestment Act regulations ahead of the Aug. 5 comment deadline.
While legislation is urgently needed to address risks posed by unregulated stablecoins, taking up last-minute legislation at this week’s House Financial Services Committee markup would be premature, ICBA told the panel.
The Financial Services Information Sharing and Analysis Center’s latest weekly risk report details the Holy Ghost ransomware group, which has been active for more than a year and has connections to North Korea.
Senate Democrats introduced sweeping legislation to end federal cannabis prohibitions, potentially paving the way for an ICBA-advocated cannabis banking safe harbor.
Community banks in manufacturing-concentrated states have provided more commercial loans than other community banks and reported higher net interest margins, according to a new FDIC report.
