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Hsu: OCC has concluded fintech charter review
Hsu: OCC has concluded fintech charter review The OCC has concluded its review of bank charter applications and crypto-related interpretative letters and will be communicating its findings in the...
ICBA to OCC: Take moderate approach to CRA rescission
2021-11-01 ICBA to OCC: Take moderate approach to CRA rescission ICBA advocated a moderate approach to the OCC’s rescission of its 2020 Community Reinvestment Act final rule and reinstatement of...
IRS: Update income in Child Tax Credit portal
IRS: Update income in Child Tax Credit portal The IRS today is launching a new feature allowing any family receiving monthly Child Tax Credit payments to update their income using the Child Tax...
SBA: $44.8B in 2021 lending through signature programs
2021-11-01 SBA: $44.8B in 2021 lending through signature programs The SBA said its 7(a) and 504 loan programs supported more than 61,000 traditional loans worth $44.8 billion in fiscal 2021. The...
ICBA opposes reconciliation package tax hikes
ICBA opposes reconciliation package tax hikes ICBA expressed strong opposition to certain tax provisions policymakers are considering as part of the Build Back Better reconciliation package....
ICBA to Congress: Extend Data Security Standards to Retailers, Tech Firms
2021-11-03 ICBA to Congress: Extend Data Security Standards to Retailers, Tech Firms Washington, D.C. (Nov. 3, 2021) — The Independent Community Bankers of America (ICBA) today called on Congress...
ICBA testifying today on cyber, data security
ICBA testifying today on cyber, data security ICBA is scheduled to testify at today’s House Financial Services Subcommittee on Consumer Protection and Financial Institutions hearing on cyber and...
Independent Banker focuses on faster payments
2021-11-03 Independent Banker focuses on faster payments This month’s ICBA Independent Banker magazine focuses on the race for faster payments. Details: The November issue covers how community...
Blog: PPP data show community bank lending urgency
Blog: PPP data show community bank lending urgency A new ICBA blog post explores data showing the urgency of community banks’ Paycheck Protection Program response to help save small businesses in...
Regulators recommend bank-like rules for stablecoins
2021-11-02 Regulators recommend bank-like rules for stablecoins The President’s Working Group on Financial Markets issued a long-awaited report spotlighting regulatory gaps in overseeing...
ICBA testifying tomorrow on cyber, data security
ICBA testifying tomorrow on cyber, data security ICBA is scheduled to testify tomorrow on cyber and data security issues before the House Financial Services Committee’s Subcommittee on Consumer...
ICBA Statement on President’s Working Group Stablecoin Report
2021-11-02 ICBA Statement on President’s Working Group Stablecoin Report Washington, D.C. (Nov. 1, 2021)—Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey...
CFPB issues debt collection guidance
CFPB issues debt collection guidance The Consumer Financial Protection Bureau released several guidance documents to help providers prepare for two debt collection final rules taking effect Nov....
ICBA Expands Preferred Service Provider Agreement with Wolters Kluwer to Include iLien Document Management
Washington, D.C. (Nov. 1, 2021 ) — The Independent Community Bankers of America (ICBA) today announced it has expanded its Wolters Kluwer Preferred Service Provider relationship to include its...
Grassroots push continues against reconciliation tax hikes
Grassroots push continues against reconciliation tax hikes With policymakers’ draft framework for the budget reconciliation bill featuring numerous tax increases, ICBA is calling on community...
IRS plan excluded from budget framework — for now
A Biden administration draft framework for the next round of congressional reconciliation discussions leaves out the ICBA-opposed IRS reporting proposal, though ICBA’s campaign against the plan...
FHFA proposes GSE capital disclosures
FHFA proposes GSE capital disclosures The Federal Housing Finance Agency proposed additional public disclosure requirements for Fannie Mae and Freddie Mac’s Enterprise Regulatory Capital Framework....
CFTC head makes push to be primary crypto regulator
The acting head of the Commodity Futures Trading Commission urged Congress to consider granting his agency the authority to be the primary federal regulator for digital assets. Testimony: At a...
ICBA, groups oppose grantor trust rule changes
ICBA, groups oppose grantor trust rule changes ICBA and other business groups urged Congress to reject proposed changes to grantor trust and valuation rules in the Build Back Better reconciliation...
OCC issues revised TILA procedures
The OCC issued revised interagency examination procedures and rescissions for the Truth in Lending Act The updates reflect amendments to Regulation Z, including the new Qualified Mortgage category...
ICBA Statement on IRS Bank Reporting Proposal
ICBA Statement on IRS Bank Reporting Proposal Washington, D.C. (Oct. 28, 2021) — Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following...
ICBA talks IRS on Fox News as House Dem coalition pushes back
ICBA leaders appeared on Fox News to continue raising awareness of the widely opposed IRS reporting proposal. Interview: On America’s Newsroom with Bill Hemmer, ICBA Chairman Robert Fisher and ICBA...
Webinars feature RTP, FedNow updates
Webinars feature RTP, FedNow updates ICBA and ICBA Bancard next week are kicking off a complimentary webinar series on how community banks can plan for their instant payments journey. Details: The...
ICBA testifies on IRS reporting as Manchin speaks out
ICBA testified against the widely opposed IRS reporting proposal while a key Democratic senator raised objections to the policy. Roundtable: ICBA Chairman Robert Fisher said at a House Ways and...
ICBA to Congress: Reject IRS Reporting Plan Outright
2021-10-26 ICBA to Congress: Reject IRS Reporting Plan Outright Washington, D.C. (Oct. 26, 2021) — The Independent Community Bankers of America (ICBA) today told Congress that proposed tweaks to...
CFPB revises Reg Z dollar amounts
CFPB revises Reg Z dollar amounts The Consumer Financial Protection Bureau issued a final rule amending the official interpretations for Regulation Z, which implements the Truth in Lending Act....
OCC issues FAQs on rescinding CRA rule
2021-10-27 OCC issues FAQs on rescinding CRA rule The OCC issued responses to frequently asked questions on its proposal to rescind its June 2020 Community Reinvestment Act rule and replace it with...
Senate bill would bar IRS reporting proposal
Senate bill would bar IRS reporting proposal ICBA expressed support for a Senate companion bill to block the widely opposed IRS reporting proposal. Legislation: Introduced by Sen. Tim Scott...
Complimentary central bank digital currency webinar tomorrow
2021-10-25 Complimentary central bank digital currency webinar tomorrow ICBA is hosting a complimentary one-hour webinar at 11 a.m. (Eastern time) tomorrow, Oct. 26, to provide ICBA members with...
IRS grassroots evolves with congressional debate: blog
IRS grassroots evolves with congressional debate: blog ICBA’s campaign against Washington’s IRS reporting proposal demands that community bankers increase their grassroots outreach through calls...
House Democrat expresses IRS reporting concerns
2021-10-22 House Democrat expresses IRS reporting concerns Rep. Charlie Crist (D-Fla.) became the first Democratic member of Congress to publicly express concerns with the ICBA-opposed IRS...
NCUA approves expanded powers for CUSOs
NCUA approves expanded powers for CUSOs The National Credit Union Administration approved an ICBA-opposed rule expanding credit union service organizations' permissible services and activities to...
ICBA testifying amid renewed IRS reporting push
2021-10-26 ICBA testifying amid renewed IRS reporting push While ICBA urges community bankers to renew their opposition to Washington’s IRS reporting proposal by calling lawmakers and urging...
Bowman: Regulation shouldn’t inhibit de novo formation
Bowman: Regulation shouldn’t inhibit de novo formation With the banking system experiencing a lack of de novo formation in the past decade, policymakers must avoid adding regulatory burdens on...
FDIC adopts rule amending regulatory capital standards
2021-10-25 FDIC adopts rule amending regulatory capital standards The FDIC adopted an ICBA-supported final rule amending real estate lending standards for supervisory loan-to-value limits to...
CFPB launches inquiry into Big Tech payments platforms
CFPB launches inquiry into Big Tech payments platforms The Consumer Financial Protection Bureau issued a series of orders to collect information on the business practices of large U.S. tech...
ICBA LIVE 2022 set for San Antonio
ICBA announced its ICBA LIVE 2022 national convention is scheduled for Feb. 27-March 3 in San Antonio. Details: The 2022 event will feature in-person networking opportunities, innovative...
ICBA seeks updates to cyber reporting bill
ICBA seeks updates to cyber reporting bill ICBA advocated updates to bipartisan legislation that would create a cyber incident reporting regime to avoid excessive burdens on community banks....
ICBA: Washington Cannot Salvage Widely Opposed IRS Reporting Plan
Washington, D.C. (Oct. 19, 2021) — Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the latest congressional efforts to allow...
Farm Credit posts regulatory plan
Farm Credit posts regulatory plan The Farm Credit Administration posted its latest regulatory projects plan. The plan cites pending regulations on a Farm Credit System bridge bank; an annual...