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The ICBA Newsroom collects and centralizes all the NewsWatch Today articles, press releases, Main Street Matters blogs, advocacy letters and other news that impacts community bankers.

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ICBA: Uniform Community Reinvestment Act Rule Should Minimize Burdens on Community Banks

The Independent Community Bankers of America (ICBA) today called on federal banking regulators to issue a uniform final rule on Community Reinvestment Act modernization that minimizes new data collection and reporting burdens for community banks.
August 05, 2022 | Press Release   CRA 

House lawmakers press FDIC on appeals office change

Republican members of the House Financial Services Committee pressed the FDIC on its ICBA-opposed decision to eliminate the Office of Supervisory Appeals and reinstate the Supervision Appeals Review Committee.
August 04, 2022 | ICBA NewsWatch Today  

Credit union field of membership application blocked in Virginia

The Virginia State Corporation Commission denied Virginia Credit Union Inc.’s application to expand its field of membership to include the Medical Society of Virginia—the latest setback to the credit union industry’s efforts to increase its taxpayer-subsidized authority.
August 04, 2022 | ICBA NewsWatch Today   Credit Unions 

ICBA: Ford ILC application shows need to close loophole

The Ford Motor Co. plan to apply for an industrial loan company charter shows why the ILC loophole should be closed, ICBA’s Chris Cole told American Banker.
August 04, 2022 | ICBA NewsWatch Today   Lending 

Trades Petition CFPB to Ensure Data Aggregation Services Market is Fair, Transparent and Competitive

Eight national trade groups petitioned the Consumer Financial Protection Bureau to initiate a rulemaking that will strengthen the privacy and security of consumer financial data held by fintechs, Big Tech and data aggregators.
August 02, 2022 | Press Release   Cybersecurity 

CFPB, DOJ issue reminder on servicemember auto finance protections

The Consumer Financial Protection Bureau and Justice Department issued a joint letter reminding auto finance companies of their responsibility to recognize legal protections for military families under the Servicemembers Civil Relief Act.
August 01, 2022 | ICBA NewsWatch Today   Lending Military Lending 

Fed: Stablecoin growth poses structural vulnerabilities

The value of outstanding stablecoins grew roughly fivefold last year, the Federal Reserve said in its 2021 annual report.
August 01, 2022 | ICBA NewsWatch Today   Digital Assets Technology 

FDIC issues fact sheet, advisory on crypto deposit insurance claims

The FDIC published a fact sheet to consumers and an advisory to financial institutions on FDIC deposit insurance and crypto companies.
August 01, 2022 | ICBA NewsWatch Today   Digital Assets Technology 

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