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CFPB plans to extend 1071 compliance deadline following court ruling

The Consumer Financial Protection Bureau said it plans to extend the compliance deadline on its 1071 small-business data collection and reporting rule following a Supreme Court ruling that ended a...

May 20, 2024
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Article
Consumer Financial Protection Bureau (CFPB) Compliance

ICBA: Another credit union acquisition demands congressional response

Following the latest acquisition of a community bank by a tax-exempt credit union, ICBA issued a national news release calling on Congress to respond.

May 20, 2024
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Article
Credit Unions

ICBA Commends House Passage of Bill Barring Creation of U.S. Central Bank Digital Currency

ICBA today commended members of the House of Representatives who successfully voted to pass ICBA-advocated legislation that would restrict the ability of the federal government to introduce a U.S....

May 23, 2024
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Article
Digital Assets Digital Assets Government Banks

CFPB rule says BNPL lenders are credit card providers

The Consumer Financial Protection Bureau issued an interpretive rule that says “buy now, pay later” lenders are credit card providers.

May 23, 2024
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Article
Compliance

ICBA Commends House Passage of Bill Barring Creation of U.S. Central Bank Digital Currency

ICBA today commended members of the House of Representatives who successfully voted to pass ICBA-advocated legislation that would restrict the ability of the federal government to introduce a U.S....

May 22, 2024
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Article
Digital Assets

ICBA Statement on Tomorrow’s House Agriculture Committee Farm Bill Markup

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on tomorrow’s House Agriculture Committee farm bill markup.

May 22, 2024
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Article
Farm Bill

ICBA issues new guide for members on check fraud

ICBA released a community banker guide to check fraud as part of its ongoing effort to address the growing problem.

May 22, 2024
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Article
Fraud

With farm bill markup tomorrow, ICBA urging grassroots outreach

ICBA is urging community bankers to call and write their members of Congress ahead of tomorrow’s House Agriculture Committee farm bill markup.

May 22, 2024
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Article
Farm Bill

ICBA urging farm bill grassroots ahead of Thursday markup

With House Agriculture Committee Chairman Glenn Thompson (R-Pa.) releasing text of his proposed farm bill ahead of this Thursday’s markup, ICBA is urging community bankers to call and write their...

May 21, 2024
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Article
Farm Bill

FDIC’s Gruenberg says he’ll step down once successor confirmed

FDIC Chairman Martin Gruenberg said he is prepared to step down from his responsibilities at the agency once a successor is confirmed.

May 21, 2024
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Article
Federal Deposit Insurance Corporation (FDIC)

ICBA chairman: Community bankers fueled advance of key bills

ICBA Chairman Lucas White said community bankers answered the call to show up in full force at this year’s Capital Summit and are seeing the results of persistently raising the red flag on...

May 20, 2024
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Article

ICBA opposes FCS exemption in Section 1071 rule

ICBA urged House Agriculture Committee leaders to oppose any exemption for Farm Credit System lenders from the Consumer Financial Protection Bureau’s 1071 small-business data collection and...

May 17, 2024
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Article
Agriculture

ICBA Commends House Committee Members for Advancing Bills to Provide Community Bank Regulatory Relief

The Independent Community Bankers of America (ICBA) today commended members of the House Financial Services Committee who voted to advance a slate of ICBA-advocated bills that support community...

May 16, 2024
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Article
Agriculture Data Security/Fraud Lending +2 More...

ICBA Statement Following Supreme Court Ruling on CFPB Funding Structure

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Supreme Court ruling on the constitutionality of the Consumer...

May 16, 2024
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Article
Consumer Financial Protection Bureau (CFPB)

Another Community Bank Acquisition by Tax-Exempt Credit Union Demands Policy Response

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement following the latest acquisition of a tax-paying bank by a tax-exempt credit...

May 17, 2024
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Article
Credit Unions

ICBA commends House members for advancing reg relief bills

ICBA commended members of the House Financial Services Committee who voted to advance a slate of ICBA-advocated bills that support community banks and the local communities they serve.

May 17, 2024
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Article
Congressional Matters

Supreme Court finds CFPB funding structure constitutional

The Supreme Court upheld the constitutionality of the Consumer Financial Protection Bureau’s funding structure, reversing the appellate court’s decision that held the CFPB’s funding violates the...

May 17, 2024
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Article
Consumer Financial Protection Bureau (CFPB) Compliance

Hearing targets FDIC following report on misconduct

FDIC Chairman Martin Gruenberg accepted responsibility for reports of misconduct at his agency during a House Financial Services Committee hearing on regulatory oversight.

May 16, 2024
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Article
Federal Deposit Insurance Corporation (FDIC)

Barr: Fed sensitive to debit proposal’s impact on LMI borrowers

The Federal Reserve Board is sensitive to the impact of its debit interchange proposed rule on low- and moderate-income borrowers, Fed Vice Chair for Supervision Michael Barr said.

May 16, 2024
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Article

House marking up ICBA-backed pro-community bank bills

The House Financial Services Committee this week is set to take up a slate of ICBA-advocated bills in the wake of the recent ICBA Capital Summit.

May 15, 2024
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Article

House Ag Committee releases farm bill summary ahead of markup

The House Agriculture Committee released a title-by-title summary of its farm bill proposal ahead of a markup planned for next Thursday.

May 15, 2024
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Article
Agriculture

House markup on pro-community bank bills today

The House Financial Services Committee today is scheduled to mark up a slate of ICBA-advocated bills:

May 16, 2024
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Article
Advocacy

Fed governor vows support of CDFIs

Federal Reserve Governor Lisa Cook said community development financial institutions play a crucial role, calling them "financial first responders" and enumerating how the Fed supports them.

May 15, 2024
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Article

ICBA calls on agencies to reduce excessive regulations

A new ICBA blog post spotlights ICBA’s calls for regulators to conduct a comprehensive regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act, or EGRPRA.

May 14, 2024
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Article
Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRPRA s.2155)

Capital Summit nets new co-sponsors

As a result of the ICBA Capital Summit, more than 50 new co-sponsors have joined ICBA-advocated bills.

May 14, 2024
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Article

ICBA to Fed: Withdraw debit card interchange proposal

ICBA expressed vehement opposition to a Federal Reserve Board proposal to impose a nearly 30% cut to debit interchange that would leave nearly one-third of covered issuers below cost recovery.

May 13, 2024
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Article

ICBA urges ACRE Act support during hearing

ICBA called on the House Ways and Means Committee to take up ICBA-advocated legislation to support lending in rural communities.

May 13, 2024
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Article
Grassroots/Be Heard

ICBA Urges Agencies to Withdraw Compensation Proposal Until All Relevant Agencies Sign On

The Independent Community Bankers of America (ICBA) today issued the following statement on regulators’ proposed rulemaking on incentive-based compensation arrangements.

May 07, 2024
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Article
Regulatory Relief

ICBA, groups urge FHFA to change course on VantageScore data release

ICBA and other groups expressed concerns with a Federal Housing Finance Agency plan to publish historical data on the VantageScore 4.0 credit scoring model this year.

May 14, 2024
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Article
Federal Housing Finance Agency

Court injunction pauses CFPB credit card late fee rule

A federal judge issued a temporary injunction of the Consumer Financial Protection Bureau’s final rule on credit card late fees, which was scheduled to take effect tomorrow.

May 13, 2024
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Article
Consumer Financial Protection Bureau (CFPB)

Federal Reserve’s Flawed Debit Card Proposal Harms Banks, Credit Unions and Consumers

America’s banks and credit unions urged the Federal Reserve to rescind its proposal to update Regulation II (Reg II) in a comment letter submitted today. The joint letter was submitted by the Bank...

May 10, 2024
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Article

ICBA urging ACRE Act support during hearing today

ICBA today is calling on the House Ways and Means Committee to take up ICBA-advocated legislation to support lending in rural communities.

May 10, 2024
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Article
Congressional Matters

At hearing, Scott touts challenge to CFPB’s credit card late fee rule

Senate Banking Committee Ranking Member Tim Scott (R-S.C.) touted his ICBA-supported resolution to nullify the Consumer Financial Protection Bureau’s final rule on credit card late fees during a...

May 10, 2024
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Article
Consumer Financial Protection Bureau (CFPB)

Fed report suggests climate risks difficult to measure

The Federal Reserve Board released a summary of an exploratory pilot climate scenario analysis exercise that it conducted with six of the nation's largest banks, with the megabanks reporting...

May 10, 2024
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Article

Independent Banker lists top-performing community banks

This month’s Independent Banker magazine profiles the top-performing community banks of 2024.

May 09, 2024
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Article

Cook: Fed stepping up CRE supervision

The Federal Reserve is stepping up supervisory work with community and regional banks that have significant commercial real estate concentrations, Fed Governor Lisa Cook said.

May 09, 2024
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Article

ThinkTECH Accelerator program starts this month

With the announcement of the latest cohort, ICBA encourages community banks to sign up to participate in the seventh edition of ICBA’s ThinkTECH Accelerator program.

May 09, 2024
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Article

ICBA unveils latest ThinkTECH Accelerator cohort

ICBA announced the launch of the seventh edition of its ICBA ThinkTECH Accelerator program promoting community bank innovation.

May 08, 2024
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Article

ICBA urges agencies to withdraw incomplete compensation proposal

ICBA urged federal banking regulators to withdraw an incomplete proposed rule on incentive-based compensation that lacks support from all relevant regulatory agencies.

May 08, 2024
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Article
Agencies/Regulators 

FDIC issues third-party report on misconduct at the agency

The FDIC released a report from an independent third-party review of allegations of sexual harassment and other misconduct at the agency, management’s response, and the FDIC’s workplace culture.

May 08, 2024
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Article
Federal Deposit Insurance Corporation (FDIC)