Steve Keen
@SteveKeen29Senior Vice President, Congressional Relations @ICBA Fmr : @nrcc @heritage @SenatorKirk @SmallBizCmteGOP @NFIB
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Director Chopra is making some assumptions that do not appear to be based on facts. Nonbank fintechs don’t consistently protect consumer data and privacy with the same rigor as community banks. This gap puts consumers at risk. cnbc.com/video/2024/10/…
NCUA Chair Todd Harper is right here—credit unions should focus on serving their members, not leveraging their tax exemption to slap their names on stadiums. Credit unions acting like the nation’s biggest banks should be taxed and regulated like them. marketwatch.com/story/why-are-…
Thank you @gussieboybanker for testifying on behalf of #communitybankers. "Federal programs will never displace local community banks, which are always ready to provide vital resources at a moment’s notice." Watch the full testimony here: congress.gov/event/118th-co…
Big thanks to Iowa Community Banker Gus Barker. Testifying now before the US Senate Committee on Small Business and Entrepreneurship on “Streamlining and Coordinating Support for Rural Small Businesses” #CommunityBanks #ICBA
Testifying Now! Iowa Community Baker Gus Barker on “Streamlining and Coordinating Support for Rural Small Businesses” Tune in here: sbc.senate.gov/public/index.c… #CommunityBanks #ICBA
Policymakers must investigate what’s truly driving credit union acquisitions of community banks. It’s time to end the free ride that's accelerating industry consolidation and hurting local communities. #banklocally #SomethingIsWrong
Join us for a complimentary community bank briefing on key congressional and regulatory developments. 🗓️ Happening Thursday, Sept. 19 at 2 p.m. ET, the briefing will feature time for Q&A with ICBA experts. Register here: icba.org/events/details…
Acting Comptroller of the @USOCC Michael Hsu said the combined assets in the largest U.S. banks may reach $26 trillion over the next 10 years, and there must be commensurate strengthening of supervision and regulation. occ.gov/news-issuances…
Louisiana Bankers Association CEO on Credit Card Competition Act: If passed, 'would expose customers and their credit card data to weaker cyber-security protections' louisianarecord.com/stories/663756… #
“As public scrutiny of these inappropriate deals and the number of credit union purchases of taxpaying community banks have raced past record highs, policymakers must protect local communities by ending the credit union tax exemption,” says @romerorainey: icba.org/newsroom/news-…
The @CFPB updated its 2025 Small Business Lending Filing Instructions Guide. Take a look at what the updates include: consumerfinance.gov/data-research/…
We are calling on community bankers to urge their senators to include in must-pass legislation a bipartisan bill that would protect the financial privacy of mortgage applicants. Act now: icba.quorum.us/campaign/NDAAt…
We are monitoring the IT outage closely, in coordination with our partners and officials in the financial services sector, to gather additional details and assess the impact on the industry.
J.D. Vance’s staff has told lobbyists he won’t advocate for credit card fee legislation he co-sponsored. He has “backed off a little bit of his misguided support for that,” @RepAndyBarr told me. Story w/@Eleanor_Mueller: subscriber.politicopro.com/article/2024/0…
Acquisitions of taxpaying community banks by tax-exempt credit unions are at record highs. My new @BankThink op-ed calls on Congress to reform policies that foster this trend and ultimately subsidize banking consolidation on Main Street. americanbanker.com/opinion/stop-l…
US bank assets sold to credit unions surge to all-time record spglobal.com/marketintellig… #S&P Global The graphs in this article scream of #MissionCreep by the tax avoidance, taxpayer subsidized credit unions! #SomethingRemainsWrong #wakeup @ICBA @SenKatieBritt @SenTuberville…
Funding Circle, U.S. has voluntarily returned the Small Business Lending Company (SBLC) license approved by the Small Business Administration (SBA) this past April. Almost as if those urging caution were right the whole time…. 😏🤔 #CommunityBanks #ICBA
Chair @SenatorShaheen released the following statement in response to Funding Circle's voluntary return of SBLC license. sbc.senate.gov/public/index.c…
A bill to pause Fed debit card rule has been introduced in Senate. The Fed proposal would lower the maximum interchange fee that covered debit card issuers may receive for debit card transactions under Reg II: federalreserve.gov/newsevents/pre…
While community banks are the nation’s leading small-business lenders @ICBA's new study on the unintended consequences of excessive regulation spotlights how new rules burden community banks and harm small businesses. We strongly encourage policymakers to take note of the…
Some good news here. “The newly introduced FSGG legislation includes language to prevent federal regulators from penalizing financial institutions for working with state-licensed marijuana and hemp businesses.” Thanks @RepDaveJoyce #CommunityBanks #ICBA
GOP Congressional Committee Removes D.C. Marijuana Sales Ban And Adds Cannabis Banking Protections In Key Spending Bill: "I ensure the provisions in this bill only take strides to make our communities safer." marijuanamoment.net/gop-congressio…
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