Policymakers should take a comprehensive, coordinated regulatory approach to stablecoins and other digital assets, ICBA told the House Financial Services Committee.
With the Financial Crimes Enforcement Network now required to collect beneficial ownership information directly from reporting companies, it should withdraw its requirement that banks collect this information as well, ICBA told the agency.
The National Taxpayers Union encouraged key congressional committees to consider whether credit unions should continue to be exempt from filing Form 990 returns, which most tax-exempt organizations are required to file annually.
Paycheck Protection Program borrowers may request an SBA loan review of partial forgiveness decisions issued by their PPP lenders, according to a recent SBA procedural notice.
ICBA called on the Senate to advance a House-passed amendment to establish a cannabis banking safe harbor, which community bankers can advocate in custom messages to senators.
Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on the House’s latest passage of legislation to establish a cannabis banking safe harbor.
The House passed legislation with an ICBA-advocated amendment to establish a cannabis banking safe harbor, which community bankers can call on the Senate to pass.
ICBA and the Cybersecurity and Infrastructure Security Agency are hosting a tabletop exercise on several dates starting this month to support community bank cybersecurity.
The Senate Banking Committee is scheduled to meet at 8:45 a.m. (Eastern time) today, Feb. 3, for a hearing on President Joe Biden’s three nominations to fill openings on the Federal Reserve Board.
