ICBA to CFPB: Include Community Bank Exemption in 1033 Proposal on Sharing Consumer Financial Data

Dec 29, 2023 | Press Release
The Independent Community Bankers of America (ICBA) today urged the Consumer Financial Protection Bureau to exempt certain community banks from proposed standards for sharing consumer financial data.

FinCEN finalizes rule on beneficial ownership information access

Dec 22, 2023 | NewsWatch Today
The Financial Crimes Enforcement Network issued a final rule that establishes the framework for access to and protection of beneficial ownership information.

Treasury seeks input on national financial inclusion strategy

Dec 22, 2023 | NewsWatch Today
The Treasury Department requested input on its planned development of a national strategy for financial inclusion.

ICBA mission crucial to 2023 successes: Romero Rainey

Dec 22, 2023 | NewsWatch Today
Never has ICBA’s community bank-focused mission been more important than in 2023, ICBA President and CEO Rebeca Romero Rainey said this week in a message to the nation’s community bankers.

New NCUA board member confirmed

Dec 22, 2023 | NewsWatch Today
The Senate confirmed Tanya Otsuka to serve as a member of the National Credit Union Administration board. Otsuka replaces board member Rodney Hood, whose term expired in August.

ICBA urges Congress to override veto of 1071 resolution

Dec 21, 2023 | NewsWatch Today
ICBA expressed opposition to President Joe Biden’s veto of a bipartisan resolution to overturn the Consumer Financial Protection Bureau’s Section 1071 rule and called on Congress to override the veto.

FDIC finalizes rules on official sign, misrepresentations

Dec 21, 2023 | NewsWatch Today
The FDIC board of directors adopted a final rule to modernize rules governing the use of official FDIC signs and to clarify agency regulations on deposit insurance misrepresentations.

FDIC emphasizes impact of largest banks on 2024 budget

Dec 21, 2023 | NewsWatch Today
The FDIC board of directors approved the agency’s 2024 operating budget while citing the disproportionate cost of overseeing the largest and riskiest banks.

Agencies adjust CRA asset thresholds

Dec 21, 2023 | NewsWatch Today
Federal regulators announced the 2024 updated asset-size thresholds used to define "small banks" and "intermediate small banks" under their current Community Reinvestment Act regulations.

ICBA Urges Congress to Override Veto of Resolution Scrapping Onerous Small-Business Reporting Rule

Dec 20, 2023 | Press Release
The Independent Community Bankers of America (ICBA) today expressed opposition to President Joe Biden’s veto of a bipartisan resolution that would nullify the Consumer Financial Protection Bureau’s Section 1071 small-business data collection and reporting requirements.

Romero Rainey: ICBA mission crucial to 2023 successes

Dec 20, 2023 | NewsWatch Today
Never has ICBA’s community bank-focused mission been more important than in 2023, ICBA President and CEO Rebeca Romero Rainey said in a message to the nation’s community bankers.

Biden vetoes ICBA-advocated 1071 resolution

Dec 20, 2023 | NewsWatch Today
President Joe Biden vetoed an ICBA-advocated bipartisan resolution to overturn the Consumer Financial Protection Bureau’s Section 1071 rule.

Navy Federal faces lawsuit following reports of discriminatory lending

Dec 20, 2023 | NewsWatch Today
Plaintiffs this week filed a class-action lawsuit against Navy Federal Credit Union following last week’s CNN report of the credit union’s wide racial disparities in mortgage approval rates.

CFPB issues overdraft report ahead of proposed rule

Dec 20, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau issued a report on consumer experiences with overdraft and non-sufficient-fund fees ahead of an expected rulemaking.

Senate bill would improve supervisory appeals process

Dec 19, 2023 | NewsWatch Today
ICBA-advocated legislation to improve the bank examination environment through a workable appeals process was introduced in the Senate.

Key lawmaker to Navy Federal: Explain report on lending disparities

Dec 19, 2023 | NewsWatch Today
House Financial Services Committee Ranking Member Maxine Waters (D-Calif.) said Navy Federal Credit Union must explain itself to Congress following last week’s CNN report of its wide racial disparities in mortgage approval rates.

FDIC board meeting tomorrow on budget, signage

Dec 19, 2023 | NewsWatch Today
The FDIC scheduled a board meeting for 2 p.m. (Eastern time) tomorrow, Dec. 20.

FDIC issues advisory on CRE concentrations

Dec 19, 2023 | NewsWatch Today
The FDIC issued an advisory to reemphasize the importance of strong capital, appropriate credit loss allowance levels, and robust credit risk-management practices for institutions with commercial real estate concentrations.

ICBA urges passage of new Senate bill to close ILC loophole

Dec 18, 2023 | NewsWatch Today
ICBA expressed strong support for the introduction of Senate legislation to close the industrial loan company loophole.

SEC rejects Coinbase request for crypto framework

Dec 18, 2023 | NewsWatch Today
The Securities and Exchange Commission denied Coinbase’s request for the agency to develop a new regulatory framework for cryptoasset securities.