ICBA: Congressional Report Validates That Community Banks Are a Superior Alternative to Nonbank Lenders

Dec 2, 2022 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Select Subcommittee on the Coronavirus Crisis’s report regarding the role of financial technology companies in facilitating a disproportionately high rate of fraudulent and otherwise ineligible loans through the Paycheck Protection Program.

Community bank net income rises 13.5% in Q3

Dec 2, 2022 | NewsWatch Today
Community banks reported a 13.5% increase in net income during the third quarter from the previous quarter and a 3.9% increase from a year ago, according to the FDIC's latest Quarterly Banking Profile.

ICBA to regulators: Ensure CRA reform minimizes new burdens

Dec 2, 2022 | NewsWatch Today
With FDIC Acting Chairman Martin Gruenberg telling Congress this week that he expects regulators to release a final rule modernizing Community Reinvestment Act regulations during the early part of next year, ICBA reiterated its call for the federal banking agencies to issue a uniform rule that minimizes new data collection and reporting burdens for community banks.

Lawmakers urge FHFA to align capital standards with banking agencies

Dec 2, 2022 | NewsWatch Today
ICBA expressed support for a new bipartisan letter from members of Congress urging the Federal Housing Finance Agency to align its capital rules with those of federal banking regulators to avoid penalizing community banks for supporting local communities during the COVID-19 pandemic.

OCC cuts 2023 assessments

Dec 2, 2022 | NewsWatch Today
The OCC published its assessment rates for the 2023 calendar year, reducing the rates in its general assessment fee schedule and maintaining its 2022 rates for the independent trust and independent credit card fee schedules.

ICBA Supports Congressional Letter Urging FHFA to Align Capital Standards with Banking Regulators

Dec 1, 2022 | Press Release
The Independent Community Bankers of America (ICBA) expressed support for a new bipartisan letter from members of Congress urging the Federal Housing Finance Agency to align its capital rules with those of federal banking regulators to avoid penalizing community banks for supporting local communities during the COVID-19 pandemic.

ICBA Urges Regulators to Ensure CRA Reform Minimizes New Community Bank Reporting Burdens

Dec 1, 2022
With FDIC Acting Chairman Martin Gruenberg testifying before Congress that he expects regulators to release a final rule modernizing Community Reinvestment Act regulations during the early part of next year, the Independent Community Bankers of America (ICBA) reiterated its call for the federal banking agencies to issue a uniform rule that minimizes new data collection and reporting burdens for community banks.

ICBA’s Independent Banker Names 2022 Best Community Banks to Work For

Nov 30, 2022 | Press Release
Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America (ICBA), announced its 2022 Best Community Banks to Work For recipients.

ICBA urging grassroots outreach on cannabis banking bill

Nov 30, 2022 | NewsWatch Today
ICBA is calling on community bankers to urge their members of Congress to pass legislation before year-end that would establish a cannabis banking safe harbor in states where cannabis is legal.

Senate Finance chair questions crypto exchanges following FTX failure

Nov 30, 2022 | NewsWatch Today
Washington continued to escalate its response to instability in the crypto sector as the Senate Finance Committee’s chairman questioned leading crypto exchanges on their consumer protections.

ICBA to CFPB: Promote mortgage refinancing by reducing reg burdens

Nov 30, 2022 | NewsWatch Today
ICBA responded to a Consumer Financial Protection Bureau request for information on encouraging residential mortgage loan refinances by calling on the bureau to reduce unnecessary compliance burdens for community banks.

CFPB issues annual adjustment for file disclosure charges

Nov 28, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau issued a final rule with its annual adjustment to the maximum amount consumer reporting agencies may charge consumers for making a file disclosure to a consumer under the Fair Credit Reporting Act.

ICBA pressing cannabis banking, other priorities as Congress returns

Nov 28, 2022 | NewsWatch Today
With Congress returning to Washington this week for the final leg of the lame-duck session, ICBA is pushing several key legislative priorities and calling on community bankers to weigh in with lawmakers via ICBA’s Be Heard grassroots action center.

ICBA post-election briefing next week

Nov 28, 2022 | NewsWatch Today
ICBA next week is hosting a complimentary post-election briefing on the midterm election results and pending regulatory actions affecting community banks.

Living will deficiencies at Citi as regulators push more stringent approach

Nov 28, 2022 | NewsWatch Today
The FDIC and Federal Reserve released results of their review of the resolution plans of the eight largest and most complex U.S. banks, finding shortcomings only in Citigroup’s living will.

Proposed Changes to FDIC Supervisory Appeals System Fall Short of Progress

Nov 22, 2022 | Press Release
The FDIC has proposed changes to its new supervisory appeals structure aimed at increasing its independence, but the system still requires significant overhauls to preserve banks’ due process rights, ICBA and other groups said.

Revamped podcast explores future of ICBA ThinkTECH

Nov 22, 2022 | NewsWatch Today
ICBA released the latest episode of its newly revamped podcast: “Independent Banker: A Community Banking Podcast from ICBA.”

DOJ announces arrests in $575M crypto fraud

Nov 22, 2022 | NewsWatch Today
The Justice Department announced the arrest of two Estonian citizens for their alleged involvement in a $575 million cryptocurrency fraud and money-laundering conspiracy.

Op-ed: Crypto response must protect banking system stability

Nov 22, 2022 | NewsWatch Today
The collapse of the FTX cryptocurrency exchange is a predictable example of the serious risks that digital assets pose, and policymakers should ensure new policies directed at the sector fully reflect its risks, ICBA President and CEO Rebeca Romero Rainey wrote in a new op-ed.

Regulators investigating FTX crypto exchange amid liquidity crisis: report

Nov 10, 2022 | NewsWatch Today
Federal regulators are reportedly investigating cryptocurrency exchange FTX amid concerns of a liquidity crisis at the company and fallout on the rest of the crypto sector.