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CDFI Fund advisory board meeting this month
The Community Development Advisory Board—which advises the Community Development Financial Institutions Fund—is scheduled to meet at 2 p.m. (Eastern time) Wednesday, Jan. 17. The virtual meeting...
ICBA urges community bank exemptions in 1033 rule
ICBA urged the Consumer Financial Protection Bureau to exempt certain community banks from proposed standards for sharing consumer financial data.
FinCEN now accepting beneficial ownership reports
The Financial Crimes Enforcement Network began accepting beneficial ownership information reports.
ICBA PAC auction tickets available
Tickets are now available for ICBA PAC’s 35th Annual Auction Fundraiser, which is scheduled for Saturday, March 16, during ICBA LIVE in Orlando.
Treasury issues request for input on financial inclusion
The Treasury Department issued a request for information on its planned development of a national strategy for financial inclusion.
ICBA to CFPB: Include Community Bank Exemption in 1033 Proposal on Sharing Consumer Financial Data
The Independent Community Bankers of America (ICBA) today urged the Consumer Financial Protection Bureau to exempt certain community banks from proposed standards for sharing consumer financial data.
FinCEN finalizes rule on beneficial ownership information access
The Financial Crimes Enforcement Network issued a final rule that establishes the framework for access to and protection of beneficial ownership information.
Treasury seeks input on national financial inclusion strategy
The Treasury Department requested input on its planned development of a national strategy for financial inclusion.
Senate committee chairman: ILC loophole a top 2024 priority
Senate Banking Committee Chairman Sherrod Brown (D-Ohio) included ICBA-supported legislation to close the industrial loan company loophole in his list of priorities for the coming year.
ICBA mission crucial to 2023 successes: Romero Rainey
Never has ICBA’s community bank-focused mission been more important than in 2023, ICBA President and CEO Rebeca Romero Rainey said this week in a message to the nation’s community bankers.
New NCUA board member confirmed
The Senate confirmed Tanya Otsuka to serve as a member of the National Credit Union Administration board. Otsuka replaces board member Rodney Hood, whose term expired in August.
FDIC finalizes rules on official sign, misrepresentations
The FDIC board of directors adopted a final rule to modernize rules governing the use of official FDIC signs and to clarify agency regulations on deposit insurance misrepresentations.
Agencies adjust CRA asset thresholds
Federal regulators announced the 2024 updated asset-size thresholds used to define "small banks" and "intermediate small banks" under their current Community Reinvestment Act regulations.
Romero Rainey: ICBA mission crucial to 2023 successes
Never has ICBA’s community bank-focused mission been more important than in 2023, ICBA President and CEO Rebeca Romero Rainey said in a message to the nation’s community bankers.
Biden vetoes ICBA-advocated 1071 resolution
President Joe Biden vetoed an ICBA-advocated bipartisan resolution to overturn the Consumer Financial Protection Bureau’s Section 1071 rule.
ICBA urges Congress to override veto of 1071 resolution
ICBA expressed opposition to President Joe Biden’s veto of a bipartisan resolution to overturn the Consumer Financial Protection Bureau’s Section 1071 rule and called on Congress to override the veto.
FDIC emphasizes impact of largest banks on 2024 budget
The FDIC board of directors approved the agency’s 2024 operating budget while citing the disproportionate cost of overseeing the largest and riskiest banks.
ICBA Urges Congress to Override Veto of Resolution Scrapping Onerous Small-Business Reporting Rule
ICBA today expressed opposition to President Joe Biden’s veto of a bipartisan resolution that would nullify the Consumer Financial Protection Bureau’s Section 1071 small-business data collection...
Navy Federal faces lawsuit following reports of discriminatory lending
Plaintiffs this week filed a class-action lawsuit against Navy Federal Credit Union following last week’s CNN report of the credit union’s wide racial disparities in mortgage approval rates.
Key lawmaker to Navy Federal: Explain report on lending disparities
House Financial Services Committee Ranking Member Maxine Waters (D-Calif.) said Navy Federal Credit Union must explain itself to Congress following last week’s CNN report of its wide racial...