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ABA and ICBA Work Against FCS Expansion – IBA Compliance Connection

IBA Compliance Connection

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ABA and ICBA Work Against FCS Expansion

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A joint letter from the ABA and ICBA asks Senators and House Members not to support expansion of the Farm Credit System (FCS)'s lending authority during the upcoming consideration of the Farm Bill. As explained in the letter, FCS competes directly for loans with banks, benefitting from tax advantages while putting taxpayers at risk. Read the IBA's position paper on FCS expansion.