The Independent Community Bankers of America (ICBA) applauded Federal Reserve Vice Chair for Supervision Michelle Bowman on today’s remarks outlining a fresh approach to the agency’s supervision and regulation.

The House of Representatives passed ICBA-backed legislation to protect the integrity of the Small Business Administration 7(a) program so it can continue to reach more borrowers and support local economic development.

Rep. Joyce Beatty (D-Ohio) reintroduced ICBA-supported legislation to codify a Treasury Department program to support minority depository institutions and other community banks.