Federal Reserve Chairman Jerome Powell pledged to Congress that the Fed would consider the impact on community banks of any new regulatory initiatives.
ICBA and other groups raised concerns about a Federal Housing Finance Agency plan for transitioning Fannie Mae and Freddie Mac to new credit score models
ICBA Services Network, the business-services subsidiary of the Independent Community Bankers of America (ICBA), today announced the election of Robert Barnes, president and CEO of Priority One Bank in Magee, Miss.; Ruth Christopher, secretary of Amador Bancshares Inc. in Las Cruses, N.M.; and Doug Ouellette, chief community banking officer of Mercantile Bank in Mt. Pleasant, Mich., to its board of directors.
ICBA Bancard, the payments-services subsidiary of the Independent Community Bankers of America (ICBA), announced the election of Ruth Christopher, board member for Citizens Bank of Las Cruces, N.M., and secretary of its holding company, Amador Bancshares Inc., as chairman of the ICBA Bancard board of directors.
The Federal Reserve Board published a database of financial institutions with access to, or requests to access, Federal Reserve Bank master accounts and services.
The FDIC updated its supervisory guidance on multiple re-presentment nonsufficient funds fees to clarify that it will not ask institutions to conduct a lookback review absent a likelihood of substantial consumer harm.
The Senate Banking Committee tomorrow is scheduled to take up legislation that would expand existing regulatory authority to claw back compensation from the executives of certain failed banks.
The Independent Community Bankers of America (ICBA) will host a two-day ICBA ThinkTECH Accelerator event featuring cohort graduates, where they will showcase their community bank offerings following their 10-week intensive bootcamp.
Pro-Russia hackers are planning to conduct cyberattacks against Western financial targets, including Swift and the Federal Reserve, according to an alert from the U.S. government.
ICBA continues calling on community bankers to use its Be Heard grassroots resource center to urge their members of Congress to support resolutions and policies that affect community bankers across America.
The Independent Community Bankers of America (ICBA) and its affiliate, the Senior Housing Crime Prevention Foundation (SHCPF), are providing tips for preventing elder financial abuse in recognition of World Elder Abuse Awareness Day on June 15.
Members of Congress continued to press Consumer Financial Protection Bureau Director Rohit Chopra on the bureau’s ICBA-opposed Section 1071 data-collection rule during a second day of hearings on Capitol Hill.
ICBA expressed support for a Securities and Exchange Commission proposal confirming that crypto exchanges must follow the same rules of the road as other entities that trade securities.
While the overall strength of the federal banking system is sound, banks should be “on the balls of their feet” regarding risk management, the OCC said in its latest Semiannual Risk Perspective.
