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ICBA, groups oppose effort to slip credit card bill into military funding package
ICBA and other groups expressed united opposition to efforts by Sens. Roger Marshall (R-Kan.) and Richard Durbin (D-Ill.) to attach their ICBA-opposed credit card routing bill to a must-pass...
Senate panel to mark up cannabis banking bill this month
The Senate Banking Committee said it would meet Sept. 27 to consider ICBA-advocated legislation to establish a safe harbor from federal sanctions for financial institutions that serve...
ICBA urges CBDC opposition at House hearing
ICBA reiterated to Congress its opposition to the creation of a U.S. central bank digital currency.
Romero Rainey: ICBA campaigns targeting credit union policies
With credit union executives in Washington this week for advocacy meetings, ICBA launched several campaigns to raise questions about credit union policies among lawmakers, ICBA President and CEO...
Senator renews push to advance ICBA-opposed credit card routing bill
ICBA is calling on community bankers to voice strong opposition to renewed efforts by Sen. Roger Marshall (R-Kan.) to force Senate consideration of legislation to advance credit card routing...
ICBA meets with OCC on re-presentment concerns
ICBA leadership community bankers and staff this week met with OCC officials on the agency’s supervisory approach to how banks treat single items that are repeatedly rejected for insufficient funds.
ICBA grassroots campaigns continue with Congress back in Washington
With Congress back in Washington following the August recess, ICBA continues its grassroots campaigns on key advocacy issues.
SEC’s Gensler to Congress: Securities laws apply to crypto industry
Securities and Exchange Commission Chair Gary Gensler told Congress that most crypto tokens and intermediaries are subject to U.S. securities laws despite the industry’s “wide-ranging noncompliance.”
Judge vacates ICBA-opposed CFPB exam manual update
A federal judge vacated last year’s ICBA-opposed Consumer Financial Protection Bureau actions expanding the bureau’s authority to examine banks for discrimination.
FHFA plans stakeholder forums on new credit score models
The Federal Housing Finance Agency said it will hold stakeholder forums and listening sessions in the coming weeks on its plans to transition Fannie Mae and Freddie Mac to new credit score models.
ICBA Statement on Swearing-in of Federal Reserve Board Members
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s swearing-in of members of the Federal Reserve Board.
FS-ISAC spotlights MinIO threat targeting corporate networks
The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary covers an unknown threat actor exploiting vulnerabilities in the MinIO Object Storage system to remotely...
Rakuten credit union application confirmed following ICBA outreach
The National Credit Union Administration reportedly confirmed that Rakuten Inc. has applied for a federal credit union charter after ICBA asked the agency for confirmation.
Barr: Fed program on novel activities will continue to grow
The Federal Reserve’s new program to supervise novel, technology-driven activities in the banks it oversees will continue to grow as new technologies emerge, Fed Vice Chair for Supervision Michael...
ICBA urges bipartisan response to SBA 7(a) changes ahead of House markup
ICBA and other groups urged the House Small Business Committee to work toward a bipartisan response to recent Small Business Administration changes to its 7(a) loan program.
ICBA rejects Kevin O’Leary’s inaccurate message on bank lending
ICBA President and CEO Rebeca Romero Rainey pushed back against erroneous claims from television personality Kevin O'Leary that banks are not lending to small businesses in the current economic...
ICBA community bankers discuss navigating challenges in new video
ICBA leadership community bankers discussed the vital role of community banks in a video discussion with the Travillian executive search and talent advisory firm.
Chopra: CFPB’s 1033 proposal coming next month
The Consumer Financial Protection Bureau next month will propose standards for sharing consumer financial data, CFPB Director Rohit Chopra said.
Community bank net income rises 3.4% in Q2
Community banks reported a 3.4% second-quarter increase in net income from the previous quarter and a 0.7% increase from the same period a year ago, according to the FDIC’s latest Quarterly Banking...
FDIC launching new site for consumer compliance, CRA exam activities
The FDIC said it will launch a new Banker Engagement Site through FDICconnect this month for examination-related activities.