USDA projects ag income decline amid farm bill talks

Feb 9, 2024 | NewsWatch Today
The USDA is projecting further sharp declines in farm-sector income in 2024, which could have implications for ongoing farm bill negotiations.

Study: Credit card routing bill would harm small businesses

Feb 8, 2024 | NewsWatch Today
ICBA-opposed legislation to impose credit card routing restrictions would disproportionately benefit the nation’s top five businesses and put small retailers at a further competitive disadvantage, according to a new study.

Due tomorrow: Comment letters opposing corporate governance proposal

Feb 8, 2024 | NewsWatch Today
ICBA is urging community bankers to send letters to the FDIC by tomorrow’s deadline opposing proposed guidelines to establish new corporate governance and risk management standards.

ICBA to FTC: Exclude community banks from fee rulemaking

Feb 8, 2024 | NewsWatch Today
ICBA urged the Federal Trade Commission to explicitly exclude community banks from a proposed rule requiring commercial businesses to include all mandatory fees when advertising their prices.

Treasury details crypto risks to terrorist, proliferation financing

Feb 8, 2024 | NewsWatch Today
New Treasury Department reports spotlight the role of digital assets in terrorism and proliferation financing.

ICBA urging letters on corporate governance proposal

Feb 7, 2024 | NewsWatch Today
ICBA is calling on community bankers to send letters to the FDIC opposing proposed guidelines to establish new corporate governance and risk management standards.

As agencies launch reg review, ICBA urges meaningful results

Feb 7, 2024 | NewsWatch Today
With the federal banking agencies launching their latest regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act, ICBA urged the agencies to advance more meaningful relief than they have enacted under previous reviews.

Credit union regulator: lack of third-party oversight ‘Achilles’ heel’

Feb 7, 2024 | NewsWatch Today
National Credit Union Administration Chairman Todd Harper said his agency’s lack of oversight of credit union service organizations is an Achilles’ heel for the credit union system.

Yellen calls for federal floor on stablecoin regulations

Feb 7, 2024 | NewsWatch Today
While federal agencies have some regulatory authority to oversee digital assets, Congress should develop a framework to close gaps in oversight, Treasury Secretary Janet Yellen told the House Financial Services Committee.

ICBA Urges Federal Banking Agencies to Ensure Meaningful Regulatory Review

Feb 6, 2024 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the start of the interagency review of federal banking regulations under the Economic Growth and Regulatory Paperwork Reduction Act.

ICBA, groups file lawsuit against CRA final rule

Feb 6, 2024 | NewsWatch Today
ICBA, the Independent Bankers Association of Texas, Texas Bankers Association, Amarillo Chamber of Commerce, American Bankers Association, U.S. Chamber of Commerce, and Longview Chamber of Commerce filed a lawsuit against the federal banking regulators for exceeding their statutory authority with their recent Community Reinvestment Act final rule.

Lawmakers urge House hearing on Navy Federal lending practices

Feb 6, 2024 | NewsWatch Today
House Financial Services Ranking Member Maxine Waters (D-Calif.) and other Democratic committee members urged Chairman Patrick McHenry (R-N.C.) to hold a hearing on reports of discriminatory lending at Navy Federal Credit Union.

Grassroots campaigns pushing ILC, ‘trigger leads’ bills

Feb 6, 2024 | NewsWatch Today
ICBA continues calling on community bankers to urge their members of Congress to support bills that would close the industrial loan company loophole and protect the financial privacy of mortgage applicants.

FinCEN renewing Currency Transaction Report control numbers

Feb 6, 2024 | NewsWatch Today
The Financial Crimes Enforcement Network published a 60-day notice to renew the Office of Management and Budget control numbers assigned to Currency Transaction Reports.

Trade Associations Sue Regulators for Exceeding Statutory Authority in New Community Reinvestment Act Rules

Feb 5, 2024 | Press Release
ICBA and others today filed a joint lawsuit in the Northern District of Texas against the Federal Reserve, FDIC and OCC for exceeding their statutory authority and acting arbitrarily and capriciously with their recent amendments to the CRA rules.

Tax Foundation calls for end of credit union tax exemption

Feb 5, 2024 | NewsWatch Today
The nonpartisan Tax Foundation released a new report calling on policymakers to wean credit unions off taxpayer subsidies.

ICBA continues grassroots on ILC, ‘trigger leads’ bills

Feb 5, 2024 | NewsWatch Today
ICBA is calling on community bankers to urge their members of Congress to support bills that would close the industrial loan company loophole and protect the financial privacy of mortgage applicants.

Bowman: Regulators should focus more on third-party providers

Feb 5, 2024 | NewsWatch Today
Federal Reserve Governor Michelle Bowman said she is concerned that federal regulators respond to financial industry risks by focusing too much on regulated banks.

FS-ISAC offers identity theft tips for commercial customers

Feb 5, 2024 | NewsWatch Today
The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary offers tips for educating commercial customers on identity theft.

Senate committee discusses ICBA check fraud concerns

Feb 2, 2024 | NewsWatch Today
The Senate Banking Committee spotlighted ICBA concerns with how check fraud enabled by large financial institutions and the U.S. Postal Service is affecting community banks and their customers.