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ICBA, Venture Center to Kick Off Accelerator 0n Jan 6

Send The Independent Community Bankers of America and the Venture Center, in partnership with the state, will kick-off the ICBA ThinkTECH Accelerator 2021 at noon on Jan. 6 with a virtual unveiling of the 10 companies selected to participate in it. Want the Full Article? Readers must pay to access articles older than 15 days. Articles newer than 15 days are not included in this offer. Purchase Now

Bankers say NCUA subordinated debt rule undermines credit union mission

Bankers say NCUA subordinated debt rule undermines credit union mission NCUA headquarters The National Credit Union Administration board’s decision to allow low-income, complex, and new credit unions to issue subordinated debt is another sign that the industry is eroding the mission of the institutions, banking lobbyists charged this week. “This rule is yet another example of the NCUA pushing the envelope and expanding credit union powers well beyond limits justifying the industry’s tax exemption,” Rebeca Romero Rainey, president/CEO of the Independent Community Bankers of America said Thursday. The NCUA board approved a final rule Thursday allowing credit unions to issue subordinated debt for purposes of regulatory capital treatment.

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