ICBA

Banks, credit unions pan OCC idea to create charter for payments firms

07/29/20

Seven trade groups said they would fight any effort by the agency to establish a tailored license for payments providers such as PayPal, Stripe and Square.

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Why coins are scarce and what government, banks are doing about it

07/21/20

The Federal Reserve, U.S. Mint and financial industry representatives are strongly considering a public call for Americans to deposit their spare change, among other fixes, to get coins circulating again. Meanwhile, banks of all sizes are getting creative at the local level.

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Big banks urge HUD to shelve redlining plan. Small banks say not so fast.

07/20/20

The national conversation around systemic racism has compelled large banks to withdraw support from the “disparate impact” proposal. But community banks maintain that the proposed reforms would reduce frivolous claims.

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Why bankers remain unsold on Fed's Main Street program

06/19/20

Worried about a lack of demand and that some of their customers are ineligible, community banks are still on the fence about participating in the effort to back loans for businesses recovering from the pandemic crisis.

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Where OCC bent and where it held firm in final CRA rule

05/20/20

The Office of the Comptroller of the Currency watered down numeric metrics that some groups blasted and allowed more institutions to opt out of the new regime. But whether the agency has won over any detractors remains to be seen.

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Community banks call on Congress to rein in credit union regulator

05/13/20

The Independent Community Bankers of America would not rule out legal action if Congress doesn't address the National Credit Union Administration's recent decision expanding the low-income designation.

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Fed lifts six-per-month transaction limits on savings accounts

04/24/20

The central bank said customers will be able to make more transfers and withdrawals "at a time when financial events associated with the coronavirus pandemic have made such access more urgent."

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Community banks call for AML relief in next coronavirus aid package

04/14/20

A trade group says suspending so-called beneficial owner rules would help financial institutions make more small-business loans through the Paycheck Protection Program.

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Emergency loan program could run out of money in early June: Rubio

04/05/20

Sen. Marco Rubio, R-Fla., said that $349 billion will likely not be enough meet loan demand from small businesses seeking a lifeline to help them weather the economic downturn brought on by the coronavirus outbreak.

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NCUA extends comment period for credit union-bank purchase proposal

03/30/20

The regulator formally announced the 60-day delay on Monday after tweeting about it over the weekend.

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