Overview / Major Events The House and Senate both took major steps forward in implementing the agreement reached last week that resolves a number of key tax concerns regarding coupling with federal tax changes along with setting the amount of new money for our K-12 schools in FY17 (beginning July 1, 2016). WHAT GOT DONE?
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Two weeks ago the National Association of Attorneys General (NAAG) sent a sign-on letter to attorneys general across the nation urging the implementation of chip and PIN technology in their states. The letter, to be sent to major card brands and issuers after those attorneys general added their signatures, sets forth the belief that chip and PIN should be the standard in the US and should be implemented without delay. This letter contains several mis-characterizations of security technology currently being used in the financial services industry, and directly contradicts the official positions of all four federal bank regulators, including the CFPB.
In response to this letter sent by the NAAG, CBI in conjunction with the Iowa Bankers Association and the Iowa Credit Union League have issued a statement to Iowa's Attorney General Tom Miller asking that he either decline to sign the above mentioned NAAG letter, or to withdraw his support if already given. ![]() CBI Affiliate member Iowa Finance Authority (IFA), the National Association of Local Housing and Finance Agencies (NAHLFA) and a host of other leading state and national organizations have teamed to present a first-of-its-kind bipartisan national summit on housing policy. Co-sponsored by CBI, the Building America Summit--a National Discussion on Housing and Finance will be held October 14-15 at the Iowa Events Center in Des Moines, beginning at 12:00 noon. **If you will already be in the Des Moines area to attend our Fall Community Banking Summit on the afternoon of Oct. 14, consider attending this historic event earlier in the day as well.** The Summit will bring together industry leaders from both sides of the political aisle to discuss housing and economic policy prescriptions to keep our nation moving forward. Attending the discussion will be 2016 presidential candidates, leading federal housing officials, national housing industry officials including state agency directors and senior staff, and other influential housing and finance industry leaders. Attendance is FREE for CBI member banks and Affiliate/Associate members! For more information and to register, visit the Building America Summit website. Community Bankers of Iowa Political Action Committee has been vigilant in defense of the views and needs of independent bankers. CBI has evolved their political efforts to concentrate on issues that are of benefit to Iowa's community banks and their local economies. Our ability to bring forward those issues and projects and to coordinate with other like minded organizations, is supported by our ability to make political contributions to candidates and legislators. 100% of contributions stay right here in Iowa. Who May Contribute? A bank may solicit contributions from stockholders, directors and administrative officers. Other bank employees may voluntarily contribute to the PAC, but under Iowa law cannot be directly solicited for contributions. Regardless of your role in the operation of your bank, your contribution to the CBI PAC is an investment in the future of your bank. Directly affect the future of community banking legislation! Consider joining the CBI Legislative Action Committee to assist with formulating strategies and tactics on the state and federal levels. More information. NOTE: The CBI PAC cannot accept corporate contributions, anonymous contributions, or a contribution in the name of or on behalf of another person. |
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