At ICBA Capital Summit—slated for May 12-15 in Washington, D.C.—community bankers engage in important discussions about the future of community banking, advocate for policies that support local economies, and share best practices with peers, according to the latest Independent Banker magazine.
In response to the OCC’s decision to combine its community, midsize, and large bank supervision functions, ICBA said merging supervisory functions threatens to dilute the nuanced oversight that effective community bank supervision requires in favor of a one-size-fits-all model.
Banks play a critical role in safeguarding against deepfake-driven fraud given their direct handling of financial transactions and sensitive customer data, according to Federal Reserve Governor Michael Barr.
In response to the OCC’s announced decision to combine its community, midsize, and large bank supervision functions, ICBA said merging supervisory functions threatens to dilute the nuanced oversight that effective community bank supervision requires and jeopardizes the tailored regulatory approach that community banks deserve.
ICBA and other groups expressed support for the reintroduction of legislation in the House and Senate to protect the financial privacy of mortgage applicants.
ICBA reiterated its call for policymakers to eliminate the federal tax exemption for credit unions with more than $1 billion in assets following the fourth announced credit union acquisition of a tax-paying community bank this year.
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement in opposition to the Office of the Comptroller of the Currency’s announced decision to merge its community, midsize, and large bank supervision functions into a single line of business.
ICBA reiterated its call for policymakers to eliminate the federal tax exemption for credit unions with more than $1 billion in assets following the fourth announced credit union acquisition of a tax-paying community bank this year.
A federal judge voided a Consumer Financial Protection Bureau rule capping credit card late fees at $8, after the agency agreed with opponents that the rule was illegal.
The OCC released a letter sent to supervised institutions regarding unauthorized access to OCC email systems. The letter included background on the February incident, the OCC’s response, and what financial institutions could expect going forward.
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement in response to the latest acquisition of a tax-paying community bank by a tax-exempt credit union.
FedNow, the Federal Reserve’s instant payments system, wrapped up 2024 with more than 1,000 financial institutions participating, and 68% of community banks offering or planning to offer FedNow, according to the latest Independent Banker magazine.
Federal Reserve Governor Christopher Waller said large, broadly applied tariffs could significantly affect the economy and the Federal Open Market Committee's pursuit of economic objectives.
Reliable competitive compensation and benefits data are crucial to securing and retaining top performers, according to a new Main Street Matters blog post.
ICBA and other groups said recent proposals to raise the top individual income tax rate to 40% would disproportionately harm hundreds of thousands of pass-through businesses organized as S corporations, partnerships, and sole proprietorships.
Rep. John Rose (R-Tenn.) introduced ICBA-supported legislation—the Bank Loan Privacy Act—aimed at reforming the CFPB’s Section 1071 small business reporting rule. The bill would require the CFPB to undergo a formal rulemaking process to determine how the small business loan data it collects will be shared and used.
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on House passage of a Congressional Review Act resolution to overturn the Consumer Financial Protection Bureau’s final rule on overdraft services.
