Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Consumer Financial Protection Bureau proposed rule to implement Section 1033 of the Dodd-Frank Act.
Disinflation appeared to stall during the first half of the year while labor market conditions remained solid, according to the minutes of the Federal Open Market Committee’s July 29–30 meeting.
ICBA is calling on community bankers to use its newly published grassroots guide to submit comment letters on an ICBA-supported interagency request for information on mitigating payments fraud.
ICBA and other groups urged Congress to reject the Marshall-Durbin interchange legislation—formally known as the Credit Card Competition Act—and a related “commissary interchange” study proposed as amendments to the fiscal 2026 National Defense Authorization Act.
The Community Development Financial Institutions Fund announced it will resume acceptance of new applications for Certification as a Community Development Entity effective Sept. 9.
ICBA urged the Federal Reserve not to finalize the proposed revisions to the large financial institution rating system and framework for the supervision of insurance organizations.
The Federal Reserve announced it will sunset its novel activities supervision program and return to monitoring banks' novel activities through the normal supervisory process.
As detailed in a new blog post, ICBA’s LEAD FWD Summit—the most immersive leadership experience for community bankers—is scheduled for Sept. 8-9 in Bloomington, Minn.
The Treasury Department announced that the federal government will stop issuing paper checks for most federal payments on Sept. 30. Treasury said the few people who still receive a federal benefit check must switch to an electronic payment method.
The Treasury Department sanctioned cryptocurrency exchange Garantex Europe OU, which it said has directly facilitated notorious ransomware actors and other cybercriminals by processing over $100 million in transactions linked to illicit activities since 2019.
ICBA and other groups asked Congress to strike Section 16(d) of the recently enacted GENIUS Act and to oppose any expansion of its scope in this or future legislation.
Senior ICBA staff attended a Treasury Department roundtable on reducing the burdens of Bank Secrecy Act currency transaction reports and suspicious activity reports.
The latest Independent Banker magazine says there’s plenty to keep community bank chief financial officers on their toes, such as interest rate volatility, new accounting and capital reporting standards, and industry cost pressures.
