The Independent Community Bankers of America (ICBA) today called on the Federal Deposit Insurance Corporation to completely exempt community banks from any special assessment to recover Deposit Insurance Fund losses caused by the failures of Silicon Valley Bank and Signature Bank of New York.
ICBA wrote in support of a new FDIC proposal to update signage requirements across all banking channels to clearly distinguish insured deposits from noninsured deposits and combat misleading statements to customers regarding the safety of their deposits.
The CFPB this week released its Small Business Regulatory Enforcement Fairness Act report on its pending rulemaking to establish standards for sharing consumer financial data, setting the stage for the bureau to issue a proposed rule.
ICBA announced today that KlariVis has been selected as the newest Preferred Service Provider. KlariVis, an ICBA ThinkTECH Accelerator program alumni, aggregates high-value, actionable bank data into intuitive, interactive dashboards for more informed decisioning.
The FDIC conducted roughly 1,000 consumer compliance examinations last year and found supervised institutions demonstrated effective management of their consumer compliance responsibilities, the agency said.
In recognition of Community Banking Month in April, the Independent Community Bankers of America (ICBA) and the nation’s community banks are reminding consumers of the benefits of banking locally with a community bank.
Acting Comptroller of the Currency Michael Hsu said not all overdraft fees present equal compliance risks and spotlighted “authorize positive, settle negative” and re-presentment fees as particularly risky.
With banking news making national headlines, ICBA is delivering a powerful and timely message to consumers: Where you choose to bank matters, and community banks are best positioned to serve your financial needs.
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s White House announcement on community banks and the Deposit Insurance Fund.
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Consumer Financial Protection Bureau’s final rule implementing data collection and reporting requirements for small-business loans.