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ICBA told Congress that current stablecoin arrangements are not subject to comprehensive supervision and lack many critical consumer and anti-money laundering protections—a regulatory gap that allows risks to the financial system to multiply, provides opportunities for financial crimes, and creates an unequal playing field with highly regulated community banks.

Federal Reserve Chairman Jerome Powell said the U.S. will never have a central bank digital currency as long as he leads the Fed.

The latest edition of Independent Banker magazine provides insights on minority depository institutions from ICBA’s Minority Bank Advisory Council.

FDIC Director Jonathan McKernan announced he was stepping aside from the FDIC board of directors.

With some community bank customers inquiring about the security of their bank deposits amid government efforts related to federal spending and bureaucracy, ICBA released customizable language its members can use to answer customer questions.

A U.S. court of appeals temporarily paused the Consumer Financial Protection Bureau’s 1071 small-business rule and extended its compliance deadlines until further notice, as advocated by ICBA.

With some community bank customers inquiring about the security of their bank deposits amid government efforts related to federal spending and bureaucracy, ICBA released customizable language its members can use to answer customer questions.

When community bankers from across the country gather in Nashville next month for ICBA LIVE, a remarkable agenda awaits them, according to the latest Independent Banker magazine.

Recordings and full text of the testimonies ICBA leaders provided this week on Capitol Hill are available online.

Community banks with $850 million or more in assets will soon need to comply with the new open banking regulation, and smaller institutions might want to prepare for data sharing if their customers demand it, according to the latest Independent Banker magazine.

At the first House Financial Services Committee hearing of the new Congress, ICBA President and CEO Rebeca Romero Rainey called on lawmakers to transform the regulatory environment for community banks to promote locally based economic growth.

In separate testimony on Wednesday at the first House Small Business Committee hearing of the 119th Congress, ICBA called on lawmakers to advance regulatory and tax relief that will further enhance small-business lending.