ICBA continued its grassroots efforts against a provision under consideration in the Build Back Better reconciliation bill that would authorize the Small Business Administration from making direct loans under the 7(a) program.
The Consumer Financial Protection Bureau raised the annual threshold adjustment maximum that consumer reporting agencies may charge consumers for making a file disclosure to a consumer under the Fair Credit Reporting Act.
Five Democratic senators reportedly don't support Saule Omarova’s nomination to lead the Office of the Comptroller of the Currency, raising fresh doubts about her confirmation after ICBA and state community banks groups expressed opposition.
The Cybersecurity and Infrastructure Security Agency and FBI issued a cybersecurity reminder for public and private sector organizations to remain vigilant against ransomware and other cyberattacks during the holiday season.
The SBA Office of Advocacy expressed support for ICBA and state banking associations’ request that the Consumer Financial Protection Bureau extend the comment deadline on its proposal to implement Dodd-Frank Section 1071 collection and reporting requirements.
ICBA said it is largely supportive of proposed amendments to the Federal Housing Finance Agency’s final capital rule, though it cautioned the agency not to allow Fannie and Freddie to become overly reliant on credit risk transfers.
ICBA President and CEO Rebeca Romero Rainey issued a statement on today’s announcement that President Joe Biden intends to nominate Federal Reserve Chairman Jerome Powell for a second term as chairman and Federal Reserve Governor Lael Brainard as vice chair.
The Independent Community Bankers of America today announced the Initial Closing of a fund launched by BankTech Ventures, LP. The venture capital fund is designed to accelerate technology opportunities and adoption at community banks.