Week in Washington: Fed’s Waller shares economic outlook, hearings on housing supply, capital access

Jan 16, 2024 | NewsWatch Today
Registration is open for the 2024 ICBA Capital Summit, the industry’s premier advocacy event scheduled for April 28-May 1 in Washington, D.C.

‘Tell Your Story’ Toolkit offers resources for 2024

Jan 16, 2024 | NewsWatch Today
ICBA’s complimentary "Tell Your Story" Marketing Communications Toolkit offers new and updated resources to help community banks plan for the year ahead.

Six payment trends for 2024 featured in new blog post

Jan 16, 2024 | NewsWatch Today
A new blog post from ICBA Payments President and CEO Tina Giorgio spotlights six key payments trends that will help community banks ease regulatory and economic pressure in 2024.

CFPB issues guidance to consumer reporting companies

Jan 12, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau issued guidance to consumer reporting companies to address inaccurate background check reports and credit file sharing practices.

Blog post details six payment trends for 2024

Jan 12, 2024 | NewsWatch Today
A new blog post from ICBA Payments President and CEO Tina Giorgio spotlights six key payments trends that will help community banks ease regulatory and economic pressure in 2024.

ICBA hits back after second credit union acquisition in two days

Jan 12, 2024 | NewsWatch Today
Following the second report of a historically large credit union acquisition of a tax-paying community bank in as many days, ICBA once again called on Congress to investigate.

Senators seek agency review of Navy Federal lending disparities

Jan 12, 2024 | NewsWatch Today
Senate Banking Committee Chairman Sherrod Brown (D-Ohio) and other Democratic members of the panel called on federal agencies to review Navy Federal Credit Union’s mortgage lending practices following reports of racial disparities in its mortgage approval rates.

ICBA briefs GAO on authorized payment fraud

Jan 12, 2024 | NewsWatch Today
ICBA this week met with Government Accountability Office officials to discuss authorized payment fraud, in which scammers dupe consumers into authorizing payments.

ICBA Statement on Tax-Exempt Credit Union Acquisitions of Tax-Paying Community Banks

Jan 11, 2024 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on recent acquisitions of tax-paying community banks by tax-exempt credit unions.

CFPB report on credit reporting rulemaking includes ICBA input

Jan 11, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau released a report on its small-business review ahead of issuing new rules under the Fair Credit Reporting Act.

ICBA Capital Summit registration open

Jan 11, 2024 | NewsWatch Today
Registration is open for the 2024 ICBA Capital Summit, the industry’s premier advocacy event scheduled for April 28-May 1 in Washington, D.C.

Senate short of votes to override 1071 veto

Jan 11, 2024 | NewsWatch Today
The Senate fell short of the two-thirds majority needed to override President Joe Biden’s veto of a resolution to overturn the Consumer Financial Protection Bureau’s Section 1071 rule, despite mustering a bipartisan majority.

ICBA urges action on credit unions following latest community bank acquisition

Jan 11, 2024 | NewsWatch Today
Following the latest report of a credit union acquisition of a tax-paying community bank, ICBA continued its call for Congress to investigate the credit union tax exemption.

SEC approves bitcoin-based exchange-traded funds

Jan 11, 2024 | NewsWatch Today
The Securities and Exchange Commission approved a series of proposed rule changes that will allow for the listing and trading of bitcoin-based products on national securities exchanges.

ICBA pressing grassroots as senators push for credit card routing hearing

Jan 10, 2024 | NewsWatch Today
With senators pushing for a hearing as soon as next month on ICBA-opposed legislation to impose credit card routing restrictions, ICBA is calling on community bankers to urge their members of Congress to oppose the measure.

ICBA supports proposed CFPB oversight of Big Tech firms

Jan 10, 2024 | NewsWatch Today
ICBA expressed support for a Consumer Financial Protection Bureau proposed rule that would establish bureau oversight of Big Tech firms and other large nonbank tech companies that offer payments services.

Grassroots on rural lending relief continues

Jan 10, 2024 | NewsWatch Today
ICBA continues calling on community bankers to continue urging their members of Congress to co-sponsor legislation to support lending in rural communities.

FinCEN reports on Identity-Related Suspicious Activity

Jan 10, 2024 | NewsWatch Today
The Financial Crimes Enforcement Network said 42% of the Bank Secrecy Act reports filed in 2021 related to identity, indicating $212 billion in identity-related exploitations through various schemes.

CRA Partners Adds Community Reinvestment Act Support Services

Jan 10, 2024 | News
CRA Partners, a subsidiary of the Independent Community Bankers of America (ICBA), announced the addition of CRA support services under an agreement with Michael P. Wallace of Wallace Consulting Co. LLC to help community banks meet new Community Reinvestment Act requirements.

ICBA pressing grassroots on rural lending relief

Jan 9, 2024 | NewsWatch Today
With lawmakers returning to Washington for the second session of the 118th Congress, ICBA is calling on community bankers to continue urging their members of Congress to co-sponsor legislation to support lending in rural communities.