The Consumer Financial Protection Bureau requested a stay in a lawsuit challenging the 1033 rule on consumer data security and privacy and said it plans to craft a new rule soon.
ICBA urged the Federal Reserve to provide regulatory relief on the Debit Card Issuer Interchange survey, which is used to implement Regulation II debit card interchange standards.
ICBA expressed strong support for the Preventing Regulatory Overreach to Empower Communities to Thrive and Ensure Data privacy (PROTECTED) Act (S. 2352), which would mitigate the adverse impact of the CFPB’s rule under Dodd-Frank Section 1071 on America’s small businesses and community banks.
ICBA and other groups issued a statement correcting the record on the Consumer Financial Protection Bureau’s Section 1033 rulemaking following misleading claims from a group of fintech and retail organizations.
The Independent Community Bankers of America (ICBA) today expressed strong opposition to Nissan’s application to form a financial institution that receives federal deposit insurance while avoiding full regulatory oversight.
The Bank Policy Institute, the American Bankers Association, America’s Credit Unions, Consumer Bankers Association and the Independent Community Bankers of America issued the following statement in response to the falsehoods contained in a letter from a group of fintech and retail organizations regarding the CFPB’s Section 1033 rulemaking:
The OCC, FDIC, and Federal Reserve published in the Federal Register their fourth notice requesting comment on their regulations pursuant to the Economic Growth and Regulatory Paperwork Reduction Act of 1996.
The Cybersecurity and Infrastructure Security Agency updated its alert on vulnerabilities with Microsoft SharePoint servers to reflect newly released information as threat actor tactics, techniques, and procedures continue to evolve.
After a second acquisition this week of a taxpaying community bank by a tax-exempt, billion-dollar credit union, ICBA continued to call for policymakers to end the federal tax exemption for credit unions with $1 billion or more in assets.
At the recent ThinkTECH Accelerator Showcase held at the Graduate School of Banking at Colorado, ICBA presented three awards to participating fintech companies.
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement after a second acquisition this week of a taxpaying community bank by a tax-exempt credit union. Both acquiring credit unions hold more than $1 billion in assets.
ICBA updated its “Advocacy in Action” government relations dashboard for the third quarter with the latest community banking advocacy successes and priorities.
After a credit union in California leveraged its asset size and tax exemption to acquire a community bank, ICBA reiterated its call for policymakers to end the federal tax exemption for credit unions with $1 billion or more in assets.
The House Financial Services Committee passed ICBA-supported legislation to provide regulatory relief to certain community banks, with additional votes on ICBA-advocated legislation slated for today.
