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IRS proposal tweaks don’t stop pushback

Sep 27, 2021 | NewsWatch Today
While policymakers are looking to narrow the ICBA-opposed IRS reporting proposal, ICBA is continuing its campaign urging consumers to speak out against the plan.

SBA: PPP portal tops 1M submissions

Sep 27, 2021 | NewsWatch Today
The SBA said its Paycheck Protection Program Direct Borrower Forgiveness Portal has topped 1 million applications for $17 billion in relief since it launched Aug. 4.

ICBA: Congress Cannot Salvage Voter-Opposed IRS Reporting Plan ​

Sep 24, 2021 | NewsWatch Today | Press Release
ICBA President and CEO Rebeca Romero Rainey issues statement on the latest congressional efforts to allow the IRS to collect financial account information from American consumers.

IRS consumer campaign tops 400K messages

Sep 23, 2021 | NewsWatch Today
ICBA’s campaign urging consumers to speak out against an IRS reporting proposal topped 400,000 consumer messages to members of Congress, with lawmakers continuing to consider the plan.

ICBA kicks off ad campaign targeting credit unions

Sep 23, 2021 | NewsWatch Today
ICBA launched a print and digital advertising campaign on the credit union tax exemption ahead of a key congressional hearing next week.

ICBA launches multi-state credit union ad push

Sep 22, 2021 | NewsWatch Today
ICBA today is launching a print and digital advertising campaign in key states calling on Congress to investigate the credit union tax exemption and its impact on acquisitions of community banks.

Treasury crypto sanctions portend broad regulatory response

Sep 22, 2021 | NewsWatch Today
Financial regulators on Tuesday began cracking down on cryptocurrency exchanges and laid out significant concerns with digital assets.

FinCEN issues online child sexual exploitation notice

Sep 21, 2021 | NewsWatch Today
The Financial Crimes Enforcement Network issued a notice on increasing online child sexual exploitation. The notice provides financial institutions with specific suspicious activity report filing instructions and highlights trends.

OCC issues proposal on rescinding CRA rule

Sep 20, 2021 | NewsWatch Today
The OCC formally published its proposal to rescind its June 2020 Community Reinvestment Act rule and replace it with interagency rules adopted in 1995.

Romero Rainey: Continue IRS reporting push

Sep 17, 2021 | NewsWatch Today
ICBA President and CEO Rebeca Romero Rainey called on community bankers to continue engaging consumers against a proposal that would require banks to report customer account information to the IRS.

Credit union acquisitions demand Washington response: ICBA chairman

Sep 17, 2021 | NewsWatch Today
With the number of credit union-bank acquisitions passing 100, the time has come for policymakers to examine the credit union tax exemption, ICBA Chairman Robert Fisher writes in a new op-ed.

Grassroots continues against reconciliation tax hikes

Sep 16, 2021 | NewsWatch Today
Legislative language released this week contains ICBA-opposed tax increases that community bankers can speak out against.