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CFPB ending no-action-letter, sandbox policies
The Consumer Financial Protection Bureau is allowing its ICBA-supported policies on no-action letters and compliance assistance sandboxes to expire, cementing the agency’s transition away from...
ICBA Announces Member Relations Team Executive Promotions
The Independent Community Bankers of America today announced promotions for William Pusey, who was named executive vice president, member relations, and Leah Edwards who was promoted to vice...
Former Uber exec convicted for not disclosing breach
Uber’s former chief security officer was convicted of failing to disclose a 2016 data breach in the first criminal prosecution of an executive related to the handling of a breach.
ICBA proposes needed changes to CRE guidance update
ICBA issued a comment letter expressing support for an agency effort to provide clearer guidance on prudent commercial real estate loan accommodations and workouts while suggesting improvements to...
Grassroots key amid interchange amendment push
With lawmakers working to include ICBA-opposed credit card legislation in a must-pass defense bill, ICBA is urging community bankers to continue the grassroots campaign against the interchange...
Financial Services Trades to Congress: NDAA Shouldn’t Be a Payday for Retailers
Leading financial services trade associations sent a letter to U.S. House and Senate leadership warning them against attaching the so-called Credit Card Credit Card Competition Act of 2022 to the...
ICBA Statement on Recent Report on Zelle Fraud
Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on a recent report from Sen. Elizabeth Warren (D-Mass.) on Zelle.
Grassroots critical as lawmakers seek to advance interchange bill
With Sens. Richard Durbin (D-Ill.) and Roger Marshall (R-Kan.) working to include their ICBA-opposed credit card legislation in a defense bill, ICBA is urging community bankers to continue the...
ICBA seeking Digital Assets Task Force nominations
ICBA is seeking submissions from volunteers to serve on a new Digital Assets Task Force to examine and deliberate issues related to central bank digital currency and digital assets, such as...
Gruenberg: Community bank climate strategies successful
Community banks have successfully employed strategies for managing climate-related financial risk, though the prevalence of risk will increase with climate change, FDIC Acting Chairman Martin...
FinCEN issues final rule on beneficial ownership reporting
The Financial Crimes Enforcement Network issued a final rule establishing a beneficial ownership information reporting requirement.
Wayne Miller Named SVP, Innovation Programs as ICBA Brings ThinkTECH Accelerator Program In-House
The Independent Community Bankers of America (ICBA) today announced Wayne Miller will join ICBA as senior vice president, innovation programs, effective October 17.
As Hurricane Ian makes landfall, ICBA offers community bank resources
With Hurricane Ian making landfall in Florida as a Category 4 hurricane, ICBA offers updates on its Hurricane Preparedness resource center.
Gruenberg: Community banks lead during downturns
FDIC Acting Chairman Martin Gruenberg reiterated his recent remarks that community banks have an outsized role in lending during times of distress and providing equitable access to financial services.
Fed’s Bowman: Credit union acquisitions indicate need for merger rethink
Federal Reserve Governor Michelle Bowman said the increase in credit union acquisitions of taxpaying community banks indicates regulators should rethink how they evaluate bank mergers.
Gooden-Welch Bill Prioritizes Big Box Retailers over Consumers
ICBA and other groups today sent a letter to House leaders warning that pending interchange legislation would reduce access to credit, increase security risks associated with credit card use, and...
CFPB looks to spur automated mortgage refinancing, forbearance
The Consumer Financial Protection Bureau requested feedback on ways to spur new mortgage products that streamline and automate loan refinancing.
Nacha announces framework to fight credit-push fraud
Nacha released a new strategy for payments industry participants to address scams that deceive consumers into sending payments to fraudsters under false pretenses.
ICBA urges House to reject Durbin Amendment expansion
ICBA told House leaders it strongly opposes the Credit Card Competition Act of 2022 (H.R. 8874), controversial legislation to create new credit card routing mandates that expand on Durbin Amendment...
Fed raises rates as projections reflect impact
The Federal Open Market Committee raised the federal funds rate target by another 75 basis points and released updated projections reflecting the impact of its campaign against inflation.