Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Federal Reserve report on the failure of Silicon Valley Bank.
The Consumer Financial Protection Bureau issued guidance on debt collectors threatening to foreclose on homes with mortgages past the statute of limitations.
The American Bankers Association position that the entire banking industry is responsible for covering the cost of recent large bank failures shows why community banks need their own voice in Washington, ICBA President and CEO Rebeca Romero Rainey said.
The Treasury Department issued a strategy on de-risking, which occurs when financial institutions terminate or restrict business relationships indiscriminately with broad categories of customers rather than analyzing and managing the risk of those customers.
The Federal Reserve Board said it will release its review of the supervision and regulation of Silicon Valley Bank at 11 a.m. (Eastern time) this Friday.
In recognition of Financial Literacy Month in April, the Independent Community Bankers of America (ICBA) and the nation's community banks are encouraging Americans to take control of their financial future by learning fiscally responsible habits and applying these lessons in practice.
ICBA applauded the Financial Stability Oversight Council’s unanimous votes to propose new interpretive guidance on nonbank financial company designations and an analytic framework for identifying potential risks to financial stability from certain activities.
The Treasury Department’s Office of Foreign Assets Control sanctioned three individuals for supporting North Korea via illicit financing and malicious cyber activity.
In a new Payment Security interview, ICBA Bancard Executive Vice President and Chief Operating Officer Rebecca Kruse discusses how community banks can put anti-fraud controls in place to prepare for the forthcoming launch of the FedNow Service.
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Financial Stability Oversight Council’s recent meeting.
ICBA continues calling on community bankers to urge their members of Congress to support a House resolution to nullify the Consumer Financial Protection Bureau’s Section 1071 rule.
The Federal Housing Finance Agency requested comment on a proposed rule that would formalize many of the agency’s existing practices and programs regarding fair housing and fair lending oversight of its regulated entities.
The FDIC said it does not expect losses from recent bank failures to materially affect the restoration of the Deposit Insurance Fund, and policymakers continued to signal support for a risk-based special assessment.
The latest episode of ICBA’s “Independent Banker” podcast focuses on fallout from the recent failures of large banks and the opportunity for community banks to shine.
ICBA and 44 state community banking associations called on the House of Representatives to approve a resolution to nullify the Consumer Financial Protection Bureau’s 1071 final rule.
