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ICBA Commends FDIC for Rescinding Proposed Rules on Brokered Deposits, Corporate Governance, Incentive-Based Compensation

The Independent Community Bankers of America (ICBA) today commended the Federal Deposit Insurance Corp. board of directors for withdrawing three ICBA-opposed proposed rules that would harm...

Mar 04, 2025
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Article
Deposit Operations Federal Deposit Insurance Corporation (FDIC) Regulatory Relief

ICBA opposes GM’s ILC application

ICBA said General Motors Financial Bank’s application for FDIC insurance threatens the Deposit Insurance Fund and doesn’t serve the convenience and needs of the community.

Mar 03, 2025
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Article
Federal Deposit Insurance Corporation (FDIC)

FinCEN not issuing penalties for BOI reporting deadlines

The Financial Crimes Enforcement Network said it will not issue any fines or penalties or take any other enforcement actions against any companies based on failure to file or update beneficial...

Mar 03, 2025
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Article
Financial Crimes Enforcement Network (FinCEN)

ICBA opposes consolidation of banking regulators

ICBA said it opposes calls from Wall Street bank executives and others to consolidate the nation’s banking regulators.

Feb 27, 2025
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Article
Agencies/Regulators 

ICBA: Stablecoin legislation must protect role of community banks

ICBA told Congress that any legislation establishing a regulatory framework for stablecoins must address stablecoin risks without disintermediating community banks.

Feb 27, 2025
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Article
Digital Assets

ICBA Statement Opposing Consolidation of the Nation’s Banking Regulators

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement opposing the consolidation of the nation’s banking regulators.

Feb 26, 2025
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Article
Compliance

Independent Banker: How community banks are fighting AI-powered elder fraud

Community banks are working to combat fraudsters using artificial intelligence to target seniors, according to the latest Independent Banker magazine.

Feb 26, 2025
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Article
Fraud

Romero Rainey: ICBA letter to Trump administration key to reform push

ICBA’s recent letter urging the Trump administration to advance several needed reforms is essential to supporting community banks while avoiding unintended consequences, ICBA President and CEO...

Feb 26, 2025
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Article
Government Banks

ICBA urges Trump administration to advance pro-community bank reforms

ICBA urged the Trump administration to advance key policies under its “Repair, Reform, and Thrive” plan to continue advancing policies that support community banks.

Feb 24, 2025
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Article

McKernan, Pulte vow to streamline CFPB, FHFA activities

The Consumer Financial Protection Bureau will center its regulation on real risks to consumers and focus its enforcement on bad actors, CFPB director nominee Jonathan McKernan told Congress.

Feb 28, 2025
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Article
Consumer Financial Protection Bureau (CFPB)

Bowman: Rightsized regulations key to bright community banking future

The future of community banking is bright as long as regulators focus on appropriate regulations and guidance and recognize that investment in innovation and growth is a necessity, not a roadblock,...

Feb 28, 2025
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Article

ICBA continuing grassroots push on CFPB overdraft rule

ICBA continues calling on community bankers to tell their members of Congress to support legislative efforts to stop the Consumer Financial Protection Bureau's overdraft rule.

Feb 27, 2025
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Article
Consumer Financial Protection Bureau (CFPB)

ICBA Strongly Supports Bipartisan ACRE Act Offering Lower-Cost Credit to Rural Americans

The Independent Community Bankers of America (ICBA) today expressed strong support for the Senate introduction of the Access to Credit for our Rural Economy (ACRE) Act to support farmers, ranchers,...

Feb 26, 2025
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Article
Agriculture Lending Agriculture Rural Development

Community bank net income declines in Q4

Community bank net income fell 6.5% in the fourth quarter and was down 2.4% in 2024 from the previous year, according to the FDIC’s latest Quarterly Banking Profile.

Feb 26, 2025
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Article

ICBA urging grassroots outreach to stop CFPB overdraft rule

ICBA is calling on community bankers to tell their members of Congress to support legislative efforts to stop the Consumer Financial Protection Bureau's overdraft rule.

Feb 24, 2025
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Article
Consumer Financial Protection Bureau (CFPB)

New op-ed urges Illinois lawmakers to rethink credit union tax exemption

A new op-ed from Community Bankers Association of Illinois Chairman David Stanton calls on policymakers to tax credit unions like every other business in the state.

Feb 20, 2025
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Article
Credit Unions

ICBA, U.S. Postal Inspection Service partner to combat check fraud

ICBA announced a partnership with the U.S. Postal Inspection Service to combat the threat of check fraud.

Feb 24, 2025
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Article
Fraud

ICBA, U.S. Postal Inspection Service partner to combat check fraud

ICBA announced a partnership with the U.S. Postal Inspection Service to combat the threat of check fraud.

Feb 21, 2025
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Article
Fraud

ICBA urging community banker outreach on stopping CFPB overdraft rule

ICBA is calling on community bankers to tell their members of Congress to stop the Consumer Financial Protection Bureau's overdraft rule.

Feb 21, 2025
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Article
Consumer Financial Protection Bureau (CFPB)

Latest ILC application brings total pending bids to three

With auto company Stellantis last week applying to form an industrial loan company in Utah, the number of pending ILC applications now stands at three.

Feb 21, 2025
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Article

ICBA and U.S. Postal Inspection Service Partner to Help Community Banks Combat Check Fraud

The Independent Community Bankers of America® (ICBA) today announced a partnership with the U.S. Postal Inspection Service to combat the threat of check fraud.

Feb 20, 2025
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Article
Fraud Postal Service Banking

FinCEN: BOI reporting requirements back in effect with extended deadline

Following a court decision, the Financial Crimes Enforcement Network announced that beneficial ownership information reporting requirements are back in effect, with a new deadline of March 21 for...

Feb 20, 2025
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Article
Financial Crimes Enforcement Network (FinCEN)

Trump directs independent agencies to run proposals through White House

President Donald Trump issued an executive order requiring independent agencies to submit rules to the White House before publishing them in the Federal Register.

Feb 20, 2025
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Article
Agencies/Regulators 

Independent Banker: ICBA speaks out against one-size-fits-all regulations

The latest Independent Banker magazine details how ICBA is advocating for threshold changes that would lighten community banks’ regulatory burden.

Feb 19, 2025
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Article

Hood: OCC will push to include credit union data in merger reviews

Acting Comptroller of the Currency Rodney Hood said he wants to revisit how credit unions affect regulatory reviews of bank mergers, as advocated by ICBA.

Feb 19, 2025
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Article
Office of the Comptroller of Currency (OCC)

ICBA, farm groups continue to urge support of crop insurance

Farm and rural groups joined ICBA in urging the new leaders of the Agriculture Department and Office of Management and Budget to protect crop insurance from harmful cuts that would undermine U.S....

Feb 19, 2025
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Article
Agriculture

Romero Rainey: Community bank-focused hearings show ICBA message is resonating

Last week’s simultaneous congressional hearings featuring ICBA witnesses spotlighted the industry’s policy priorities while demonstrating that community banks are being heard in Washington, ICBA...

Feb 14, 2025
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Article

Deadline today to register to speak during EGRPRA meeting

Community bankers interested in speaking during the next Economic Growth and Regulatory Paperwork Reduction Act regulatory review must register by today.

Feb 14, 2025
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Article
Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRPRA s.2155)

Report: Romance scams grew 40% in 2024

Revenue from romance scams—also known as “pig butchering”—grew 40% last year and accounted for more than a third of all crypto-related scams, according to a report by Chainalysis.

Feb 14, 2025
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Article
Digital Assets

New blog post offers steps to a smooth ISO 20022 transition

After the Federal Reserve delayed the Fedwire Funds Service’s conversion to the ISO 20022 message format until July 14, a new ICBA blog post spotlights resources to help community banks prepare.

Feb 18, 2025
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Article
Federal Reserve

ICBA supports resolutions to scrap CFPB overdraft rule

ICBA expressed support for a new congressional effort to invalidate the Consumer Financial Protection Bureau’s final rule on overdraft protection programs, saying it is a deeply flawed and harmful...

Feb 18, 2025
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Article
Consumer Financial Protection Bureau (CFPB)

ICBA: Community banks need be integral part of cyber incident response

ICBA commended the Cybersecurity and Infrastructure Security Agency’s efforts to create a better framework for responding to significant cyber incidents, but said community banks need to be an...

Feb 18, 2025
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Article
Cybersecurity

Romero Rainey: Community bank-focused hearings show ICBA message is resonating

Last week’s simultaneous congressional hearings featuring ICBA witnesses spotlighted the industry’s policy priorities while demonstrating that community banks are being heard in Washington, ICBA...

Feb 13, 2025
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Article

ICBA Congratulates Jonathan McKernan on CFPB Director Nomination

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on President Donald Trump’s nomination of Jonathan McKernan to serve as...

Feb 12, 2025
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Article
Consumer Financial Protection Bureau (CFPB)

ICBA Congratulates Jonathan Gould on Comptroller of the Currency Nomination

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on President Donald Trump’s nomination of Johnathan Gould to serve as...

Feb 12, 2025
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Article
Office of the Comptroller of Currency (OCC)

ICBA: Any changes to regulatory structure require community bank input

ICBA said any change to the structure of the nation’s banking agencies must involve careful study and input from all stakeholders, including community banks.

Feb 13, 2025
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Article
Agencies/Regulators 

Deadline tomorrow to register to speak during EGRPRA meeting

Community bankers interested in speaking during the next Economic Growth and Regulatory Paperwork Reduction Act regulatory review must register by tomorrow, Feb. 14.

Feb 13, 2025
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Article
Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRPRA s.2155)

ICBA Statement on Media Reports of CFPB Actions, Banking Agency Consolidation

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on media reports related to actions at the Consumer Financial Protection Bureau...

Feb 12, 2025
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Article
Consumer Financial Protection Bureau (CFPB)

SEC reverses course on ICBA-opposed climate rule

Acting Securities and Exchange Commission Chair Mark Uyeda said his agency will seek to freeze court proceedings in a legal challenge to its final rule requiring climate-related investor...

Feb 12, 2025
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Article
Climate

ICBA weighs in on stablecoin debate

ICBA told Congress that current stablecoin arrangements are not subject to comprehensive supervision and lack many critical consumer and anti-money laundering protections.

Feb 12, 2025
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Article
Digital Assets