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ICBA Urges FDIC to Reject Ford Bank Application

ICBA today called on the FDIC to reject the deposit insurance application of Ford Credit Bank as an industrial loan company, or ILC, which would allow the company to skirt regulatory oversight and...

Aug 19, 2022
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Article
Lending

ICBA Announces Close of First BankTech Ventures Investment Fund

The Independent Community Bankers of America (ICBA) announced the closing of the BankTech Ventures Fund, which raised more than $115 million in committed capital in its first fund to accelerate...

Aug 16, 2022
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Article
Technology

House approves spending bill that excludes ICBA-opposed policies

The House passed budget reconciliation legislation that excludes several proposed tax provisions strongly opposed by ICBA.

Aug 15, 2022
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Article
Taxes & Budget

CFPB planning inquiry on credit card interest rates

The Consumer Financial Protection Bureau released a blog post targeting the growing divergence between credit card interest and charge-off rates—and previewing an inquiry into industry practices.

Aug 15, 2022
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Article
Compliance