The Treasury Department significantly raised an estimate for how much the exemption will cost the government over the next decade, giving bankers some hope that their complaints are finally being heard. ... Read full article
Federal regulators are early in the process of deciding whether to broaden credit unions' access to capital markets, but banking lobbyists have seen enough to argue that it would let credit unions skirt business-lending limits. ... Read full article
Rebeca Romero Rainey, a third-generation community banker who rose to executive leadership in her early 20s, has been tasked to lead the Independent Community Bankers of America at a pivotal time. ... Read full article
Cam Fine, the longtime CEO of the Independent Community Bankers of America, is set to announce plans to retire next year, handing the reins to a community banker. ... Read full article
President Trump is scheduled to meet with the top leadership of the Independent Community Bankers of America on Monday. ... Read full article
Fintech firms, banks, state regulators and consumer protection groups all expressed significant reservations about the Office of the Comptroller of the Currency's latest plan on its fintech charter initiative. ... Read full article
The trade association's lawsuit challenging new field-of-membership rules may have the opposite effect, as more credit unions consider expansion before the litigation is resolved. ... Read full article
Some in the industry are faulting The Clearing House Association's plan to make anti-money-laundering rules more efficient. ... Read full article
The National Credit Union Administration and credit union trade groups cheered a judge's decision to dismiss a lawsuit against the agency's member business lending rule, but ICBA is still mulling the possibility of an appeal. ... Read full article
