The Independent Community Bankers of America (ICBA) today announced that its partnership with Travelers, which celebrated 40 years in 2023, will provide its 22nd consecutive annual dividend, bringing its total payout to more than $80 million for community banks around the country. About 1,200 community banks will share a dividend from the Travelers ICBA insurance program’s Policyholder Safety Group Dividend plan based on participation in 2022.
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Consumer Financial Protection Bureau proposed rule on overdraft services, which would exempt community banks under $10 billion in assets.
The Independent Community Bankers of America (ICBA) today announced the nominees to serve on its 2024-25 board of directors. ICBA’s current board will vote on the nominations during ICBA LIVE 2024—the largest gathering of community banks in the country, March 14-17 in Orlando, Florida.
Senate Banking Committee Chairman Sherrod Brown (D-Ohio) and other Democratic members of the panel called on federal agencies to review Navy Federal Credit Union’s mortgage lending practices following reports of racial disparities in its mortgage approval rates.
The Senate fell short of the two-thirds majority needed to override President Joe Biden’s veto of a resolution to overturn the Consumer Financial Protection Bureau’s Section 1071 rule, despite mustering a bipartisan majority.
With senators pushing for a hearing as soon as next month on ICBA-opposed legislation to impose credit card routing restrictions, ICBA is calling on community bankers to urge their members of Congress to oppose the measure.