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The ICBA Newsroom collects and centralizes all the NewsWatch Today articles, press releases, blog posts, advocacy letters and other news that impacts community bankers.

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Biden proposes raising corporate tax rates

President Joe Biden proposed raising corporate tax rates from lower rates enacted under the 2017 Tax Cuts and Jobs Act.
March 08, 2024 | ICBA NewsWatch Today   Taxes & Budget 

ICBA again rejects Biden ‘junk fee’ remarks

ICBA rejected President Joe Biden’s latest mischaracterization of overdraft services and credit card fees for late payments as “junk fees.”
March 08, 2024 | ICBA NewsWatch Today   CFPB 

SEC finalizes ICBA-opposed climate-disclosure rule

The Securities and Exchange Commission approved a final rule requiring climate-related investor disclosures with some ICBA-advocated relief for publicly held community banks, though ICBA said it remains concerned with the rule.
March 07, 2024 | ICBA NewsWatch Today   Compliance 

ICBA quarterly advocacy briefing today

ICBA today is hosting its first-quarter update on regulations and congressional events from inside the Capital Beltway.
March 07, 2024 | ICBA NewsWatch Today  

Powell: Regulators will change Basel III Endgame rule

Federal Reserve Chair Jerome Powell told Congress that regulators will likely make substantial updates to their proposed Basel III Endgame capital standards.
March 07, 2024 | ICBA NewsWatch Today  

Tether stablecoin—a destination for scammed funds—tops $100B

The unregulated Tether stablecoin reached $100 billion in circulation this week amid rising demand for cryptocurrencies, Reuters reported.
March 06, 2024 | ICBA NewsWatch Today   Digital Assets 

CFPB finalizes rule on credit card late fees with community bank exemption

ICBA said it remains concerned about the unintended consequences of a newly released Consumer Financial Protection Bureau final rule to cut credit card late fees despite an exemption for the nation’s community banks.
March 06, 2024 | ICBA NewsWatch Today   CFPB Compliance 

WSJ: Better rates, face time sending consumers to community banks

A growing number of bank customers are moving their money from large institutions to community banks, according to a new Wall Street Journal report.
March 06, 2024 | ICBA NewsWatch Today  

Independent Banker introduces incoming ICBA chairman Lucas White

The March issue of ICBA Independent Banker magazine profiles incoming ICBA Chairman Lucas White.
March 05, 2024 | ICBA NewsWatch Today   Bank Director/Board Member 

ICBA quarterly advocacy briefing this week

ICBA this week is hosting its first-quarter update on regulations and congressional events from inside the Capital Beltway.
March 05, 2024 | ICBA NewsWatch Today  

Consumers lose protections with credit union-bank acquisitions: NCUA official

Consumers receive fewer financial protections from tax-exempt credit unions than they do from tax-paying banks and lose protections when credit unions acquire banks, according to a top National Credit Union Administration official.
March 05, 2024 | ICBA NewsWatch Today   Credit Unions 

ICBA poll shows Americans support changing credit union policies

With credit union representatives meeting with members of Congress in Washington this week, ICBA today is releasing new polling data showing Americans support reforms to policies that arbitrarily favor credit unions.
March 04, 2024 | ICBA NewsWatch Today   Credit Unions 

Regulators meeting this week at Community Reinvestment Conference

Regulators meeting this week at Community Reinvestment Conference
March 04, 2024 | ICBA NewsWatch Today   Agencies/Regulators  

ICBA-backed bill would codify program supporting minority banks

Rep. Joyce Beatty (D-Ohio) introduced ICBA-supported legislation to codify a Treasury Department program to support minority depository institutions and other community banks.
March 04, 2024 | ICBA NewsWatch Today  

CFPB issues guidance on financial comparison-shopping sites

The Consumer Financial Protection Bureau issued guidance to law enforcement agencies and regulators explaining how companies operating comparison-shopping tools can break the law when they steer consumers to certain products or lenders because of kickbacks.
March 01, 2024 | ICBA NewsWatch Today   CFPB Compliance 

FHFA changes timeline for new credit score models

The Federal Housing Finance Agency announced updates to the implementation of new credit score requirements for single-family loans acquired by Fannie Mae and Freddie Mac.
March 01, 2024 | ICBA NewsWatch Today   Compliance Federal Housing Finance Agency 

‘Pig butchering’ scams have nabbed $75B: study

A new academic paper found “pig butchering” scams—in which victims invest increasing sums in supposedly legitimate virtual currency enterprises before being conned out of their money—claimed $75 billion since January 2020.
March 01, 2024 | ICBA NewsWatch Today   Digital Assets 

Global group warns of crypto intermediary, stablecoin risks

The head of the Financial Stability Board warned of the risks posed by multifunction crypto intermediaries and stablecoins.
March 01, 2024 | ICBA NewsWatch Today   Digital Assets 

ICBA urging opposition to Florida credit union bill

ICBA is encouraging Florida community bankers to respond to the Florida Bankers Association’s request for phone calls opposing state legislation to expand the powers of tax-exempt credit unions.
February 29, 2024 | ICBA NewsWatch Today   Credit Unions 

Independent Banker magazine, podcast honored

ICBA’s Independent Banker magazine took home top honors in its category for this year’s Association Trends 2024 TRENDY Awards, while the Independent Banker podcast also received recognition in the best podcast category.
February 29, 2024 | ICBA NewsWatch Today  

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