ICBA continues calling on community bankers to use its Be Heard Grassroots Action Center to ask senators to co-sponsor the Access to Credit for our Rural Economy (ACRE) Act (S. 838) and preserve and expand ACRE in the Senate’s reconciliation tax bill.
The House Financial Services Committee voted to advance ICBA-advocated bills to ban trigger leads, change threshold requirements for small bank holding companies, and support small financial institutions.
The Federal Reserve reminded banks it will adopt the ISO 20022 message format for the Fedwire Funds Service on Monday, July 14. The existing proprietary Fedwire Application Interface Manual format will sunset on Friday, July 11.
Ahead of a House Financial Services Committee markup scheduled for today, ICBA urged committee members to vote to advance bills to ban trigger leads, change threshold requirements for small bank holding companies, and support small financial institutions.
Acting Comptroller of the Currency Rodney Hood reaffirmed the OCC’s support of preemption as a cornerstone of the dual banking system and fundamental to the operation of the federal banking system.
The House of Representatives passed ICBA-backed legislation to protect the integrity of the Small Business Administration 7(a) program so it can continue to reach more borrowers and support local economic development.
Rep. Joyce Beatty (D-Ohio) reintroduced ICBA-supported legislation to codify a Treasury Department program to support minority depository institutions and other community banks.
ICBA and a group of community bankers met with the Uniform Commercial Code's Permanent Editorial Board at a national stakeholders' meeting to advocate changes to state law to better address check and wire fraud.
