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ICBA backs bill to strengthen CFPB cost-benefit analysis
ICBA expressed support for newly reintroduced House legislation that would require a thorough cost-benefit analysis for proposed Consumer Financial Protection Bureau rules.
ICBA calls for research on community bank impact of digital assets
ICBA called on the federal government to support and prioritize research on the specific effects of digital assets on community banks and their customers.
ICBA Statement on Fannie Mae and Freddie Mac 2022 Earnings Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the 2022 earnings releases from Fannie Mae and Freddie Mac.
Waller warns banks of crypto risks while PayPal pauses stablecoin work
Federal Reserve Governor Christopher Waller said banks engaging with crypto customers should be “very clear” about the customers’ business models, risk-management systems, and corporate governance...
OCC’s Hsu: Herfindahl-Hirschman Index review on the table
Prepared remarks from Acting Comptroller of the Currency Michael Hsu reiterated his push for regulators to review federal frameworks for bank mergers.
ICBA accepting service award nominations
ICBA is accepting nominations for its National Community Bank Service Award program recognizing community banks that provide outstanding volunteer services to local communities.
ICBA urging comments supporting updated TRID disclosures
ICBA is encouraging community bankers to call on the Consumer Financial Protection Bureau to adopt an ICBA proposal to improve mortgage disclosures required under TILA-RESPA Integrated Disclosure...
Treasury lays out objectives of CBDC working group
A Treasury-led interagency working group charged with advancing work on a possible U.S. central bank digital currency has narrowed its objectives into three key policy areas, Treasury's Nellie...
Special-purpose nonbank Custodia continues push for Fed master account
Custodia Bank is reportedly continuing its effort to procure a master account with the Federal Reserve after the special-purpose depository institution was denied last month.
Report on cross-border settlements could influence CBDC debate
The Bank for International Settlements issued a report to help central banks extend operating hours for real-time gross settlement systems to reduce delays in cross-border payments settlement.
OCC updates change-in-control booklet
The OCC issued a revised version of the “Change In Bank Control” booklet of the Comptroller’s Licensing Manual.
ICBA to FDIC: Exercise duty to deny ILC applications
ICBA called on the FDIC to deny pending deposit insurance applications from industrial loan companies, citing the outsized risks ILCs pose to the Deposit Insurance Fund, financial stability, and...
ICBA urging letters to Congress on 2023 priorities
ICBA is calling on community bankers to advocate top policy priorities for the new 118th Congress in direct messages to lawmakers.
ICBA’s Bolton: ‘Regulatory blind spot’ shows risks of credit union bank purchases
ICBA Chairman Brad Bolton wrote in a new op-ed that the nation’s chief credit union regulator recently hinted at one of the problems with the growth of credit union acquisitions of community banks:...
ICBA’s State of the Union ‘junk fee’ response makes news
ICBA’s response to President Joe Biden’s comments on “junk fees” during Tuesday’s State of the Union address made headlines.
ICBA urges committee to enhance data privacy bill
ICBA expressed support for provisions of legislation designed to improve consumer privacy and data security accountability for more entities that handle consumer data.
CFPB issues guidance on digital mortgage platforms
The Consumer Financial Protection Bureau issued an advisory opinion to prevent digital mortgage comparison-shopping platforms from illegally referring borrowers to only lenders paying referral fees.
ICBA to Fed: Consider Impact of Climate Risk Management Proposals
ICBA today said it appreciates that the Federal Reserve Board tailored its proposed climate risk management framework to institutions over $100 billion in assets, though the association expressed...
ICBA Urges FDIC to Exercise Statutory Duty to Deny Pending ILC Applications
ICBA today called on the Federal Deposit Insurance Corp. to deny pending deposit insurance applications from industrial loan companies, or ILCs, which present outsized risks to the Deposit...
New polling indicates consumer opposition to Durbin Amendment expansion
The Electronic Payments Coalition released new polling conducted by Morning Consult indicating that consumers across all income levels are benefiting from credit card rewards to help make ends meet...
OCC updates booklet on branch closings
The OCC issued the “Branch Closings” booklet of the Comptroller’s Licensing Manual. The revised booklet replaces the booklet of the same title issued June 2017, makes corrections where...
ICBA Rejects President Biden’s Misleading Remarks on ‘Junk Fees’ During State of the Union Address
Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on President Joe Biden’s State of the Union address.
FHA Single Family Housing Policy Feedback: Single Family Mortgagee Letter - Borrower Request for Review of Appraisal Results
ICBA called on the Department of Housing and Urban Development to clarify lender obligations under draft guidance on borrower requests for Reconsideration of Value, or ROV, of appraised properties...
ICBA: CFPB credit card proposal misrepresents community bank model
ICBA raised concerns with a new Consumer Financial Protection Bureau proposed rule on credit card late fees and the bureau’s mischaracterizations of community bank credit card lending.
FDIC issues update on amended HMDA threshold
The FDIC issued a Financial Institution Letter on changes to the loan-origination threshold for reporting Home Mortgage Disclosure Act data on closed-end mortgage loans following a recent court...
Politico spotlights ‘powerful’ ICBA push for crypto oversight
ICBA’s push for policymakers to rein in the crypto industry as part of its agenda for the 118th Congress made headlines in Politico.
SEC rethinking climate disclosure proposal: report
The Securities and Exchange Commission is considering “softening” its ICBA-opposed proposed rule to institute climate-related investor disclosures, according to The Wall Street Journal.
House, Senate committee hearings underway this week
The House and Senate’s banking committees this week are scheduled to host their first hearings of the 118th Congress.
ICBA requests clarity on HUD appraisal guidance
ICBA called on the Department of Housing and Urban Development to clarify lender obligations under draft guidance on borrower requests for Reconsideration of Value, or ROV, of appraised properties...
Proposal would require banks to verify U.S. Treasury checks
The Treasury Department’s Bureau of the Fiscal Service issued a proposed rule to amend its regulations governing the payment of checks drawn on the U.S. Treasury.
Fed raises interest rates 25 basis points
The Federal Open Market Committee raised the federal funds rate target by 25 basis points to a range of 4.5% to 4.75%.
ICBA: Credit Card Proposal Raises Questions About CFPB’s Recognition of Community Bank Business Model
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Consumer Financial Protection Bureau proposed rule on credit card...
ICBA Delivers Policy Priorities to 118th Congress
The Independent Community Bankers of America (ICBA) today shared its policy priorities for the 118th Congress with members of the House and Senate.
Digital transformation webinar series continues tomorrow
ICBA’s Digital Transformation Demystified webinar series continues tomorrow with part three on building or perfecting a digital transformation plan.
House Financial Services Committee announces majority staff
House Financial Services Committee Chairman Patrick McHenry (R-N.C.) announced the panel’s majority staff for the 118th Congress.
ICBA urges CFPB to limit burden of rulemaking on consumer data
ICBA called on the Consumer Financial Protection Bureau to limit the regulatory burden of its pending rulemaking to establish standards for sharing consumer financial data.
ICBA meets with Waters on CDFI certification changes
ICBA continued its campaign opposing changes to the Community Development Financial Institution certification application during a meeting with House Financial Services Committee Ranking Member...
OCC issues bulletin on amended HMDA threshold
The OCC issued a bulletin on changes to the loan-origination threshold for reporting Home Mortgage Disclosure Act data on closed-end mortgage loans following a recent court decision.
FDIC extends deadline on proposed updates to logo rules
The FDIC extended by 45 days the public comment period for proposed changes to its regulations relating to the FDIC’s official sign, official advertising statement, deposit insurance...
ICBA supports federal actions to mitigate nonbank risks
ICBA said it supports several federal actions announced Friday that will help mitigate the risks posed by special-purpose depository institutions and digital assets.