Serving Clovis, Portales and the Surrounding Communities
Serving Clovis, Portales and the Surrounding Communities
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At a time of growing threats to privacy and security in an increasingly plugged-in world, a new federal regulation threatens to make the problem worse for the residents and small businesses of Curry County and others like us. The Consumer Financial Protection Bureau recently finalized a rule that will require financial institutions to burden small-business customers with invasive questions and then publicly report the data they collect to the federal agency. Policymakers in Washington should step in to block this misguided...
The financial sector has been under intense scrutiny after the failure of two large financial institutions that specialized in high-risk industries, such as the cryptocurrency sector. Some depositors in local communities might be wondering what this means for their hard-earned money. But consumers − and policymakers in Washington − must distinguish between community banks, which have been serving consumers and small businesses on the High Plains, and these large banks with a much different business model and risk pro...
Two-thirds of voters (67%) oppose a proposal that would allow the IRS to collect bank account deposit and withdrawal information from American consumers, according to the Independent Community Bankers of America. The results come as thousands of community bank customers and other consumers are encouraged to contact their members of Congress in opposition via banklocally.org/privacy . According to the ICBA poll conducted by Morning Consult, opposition to the new IRS reporting is bipartisan and strenuous, with more than half...
