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Agencies extend comment period on megabank debt proposal

Federal banking regulators extended the comment period on their long-term debt proposed rule for large banks until Jan. 16, 2024. Comments on the proposal were originally due by Nov. 30.

Nov 27, 2023
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Article
Agencies/Regulators 

FDIC approves special committee for workplace review

The FDIC board of directors unanimously approved a special committee to oversee an independent third-party review of the agency’s workplace culture following reports of misconduct.

Nov 22, 2023
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Article

Agencies issue new advisory on LockBit ransomware

The Cybersecurity and Infrastructure Security Agency and other agencies released a joint cybersecurity advisory on detection methods associated with LockBit 3.0 ransomware affecting Citrix systems.

Nov 22, 2023
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Article
Cybersecurity

ICBA Supports CFPB Approval of Project to Improve Mortgage Disclosures

ICBA today expressed support for the Consumer Financial Protection Bureau’s approval of ICBA’s proposed template to improve mortgage disclosures required under TILA-RESPA Integrated Disclosure...

Nov 21, 2023
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Article
Consumer Financial Protection Bureau (CFPB)

Keynote speakers, learning labs set for ICBA LIVE

ICBA announced two keynote speakers and initial learning lab sessions for ICBA LIVE 2024, which is scheduled for March 14-17 in Orlando, Fla.

Nov 21, 2023
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Article

ICBA briefing on CRA rule next week

ICBA next week is slated to hold a complimentary community bank briefing on the interagency final rule to reform Community Reinvestment Act regulations.

Nov 21, 2023
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Article
Community Reinvestment Act (CRA)

Fed announces pricing for payment services

The Federal Reserve Board announced pricing for payment services offered by the Federal Reserve Banks, effective Jan. 2.

Nov 20, 2023
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Article

FS-ISAC issues report on LockBit ransomware group

The Financial Services Information Sharing and Analysis Center released a white paper on LockBit, one of the most prolific ransomware groups since 2019.

Nov 20, 2023
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Article
Cybersecurity

CFPB approves ICBA proposal to improve mortgage disclosures

ICBA expressed support for the Consumer Financial Protection Bureau’s approval of ICBA’s proposed template to improve mortgage disclosures required under TILA-RESPA Integrated Disclosure rules.

Nov 22, 2023
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Article
Consumer Financial Protection Bureau (CFPB)

FHFA finalizes changes to commingled securities, bi-merge requirements

The Federal Housing Finance Agency published a final rule that amends several provisions of the Enterprise Regulatory Capital Framework for Fannie Mae and Freddie Mac.

Nov 22, 2023
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Article
Federal Housing Finance Agency

ICBA urges preliminary notice on credit reporting rulemaking

ICBA and other groups called on the Consumer Financial Protection Bureau to issue an advance notice of proposed rulemaking before releasing its upcoming proposed rule on credit reporting.

Nov 21, 2023
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Article
Consumer Financial Protection Bureau (CFPB)

Sixth ThinkTECH Accelerator open for registration

Community bankers can now register to participate in the sixth ICBA ThinkTECH Accelerator program to meet with six emerging fintech companies advancing community bank innovation.

Nov 21, 2023
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Article

ICBA supports community bank exemption from FDIC special assessment

ICBA expressed support for the FDIC’s final rule exempting the vast majority of community banks from its special assessment to replenish the Deposit Insurance Fund.

Nov 20, 2023
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Article

FDIC finalizes community bank special assessment exemption

The FDIC board of directors voted 3-2 to approve its special assessment to replenish the Deposit Insurance Fund with an ICBA-supported exemption for the vast majority of community banks.

Nov 17, 2023
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Article

ICBA meets with Fed on re-presentment concerns

ICBA leadership community bankers and staff met with Federal Reserve officials on banking regulators’ supervisory approach to how banks assess fees on items that are repeatedly rejected for...

Nov 17, 2023
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Article

ICBA issues comprehensive CRA summary, reschedules briefing

ICBA released a comprehensive summary of the recently released interagency final rule to reform Community Reinvestment Act regulations.

Nov 20, 2023
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Article
Community Reinvestment Act (CRA)

ICBA Supports FDIC Special Assessment’s Community Bank Exemption

ICBA President and CEO Rebeca Romero Rainey issued the following statement on the Federal Deposit Insurance Corporation’s final rule implementing special assessments for the resolutions of Silicon...

Nov 17, 2023
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Article
Deposit Insurance

Global group finalizes crypto policy recommendations

The International Organization of Securities Commissions finalized its recommended policies to govern digital assets markets.

Nov 17, 2023
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Article
Digital Assets

ICBA issues comprehensive CRA summary, reschedules briefing

ICBA released a comprehensive summary of the recently released interagency final rule to reform Community Reinvestment Act regulations.

Nov 17, 2023
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Article
Community Reinvestment Act (CRA)

ICBA issues comprehensive CRA summary, reschedules briefing

ICBA released a comprehensive summary of the recently released interagency final rule to reform Community Reinvestment Act regulations.

Nov 16, 2023
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Article
Compliance Community Reinvestment Act (CRA)

Congress continues pressing regulators on community bank reg burden

Members of Congress continued to press prudential regulators about the impact of their rulemakings on community banks during a second day of oversight hearings.

Nov 16, 2023
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Article
Congressional Matters

IMF makes case for ICBA-opposed CBDC

Global policy groups continued making their case for central bank digital currencies with the release of a new International Monetary Fund guidebook on digital dollars.

Nov 16, 2023
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Article
Digital Assets

ICBA, groups: CFPB should reject petition for arbitration rerun

ICBA and other groups urged the Consumer Financial Protection Bureau to deny a recent petition seeking a rulemaking that would ban pre-dispute arbitration provisions in contracts for consumer...

Nov 15, 2023
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Article
Consumer Financial Protection Bureau (CFPB)

Regulators emphasize community bank exemptions during Senate hearing

Federal banking regulators emphasized community bank exemptions from various regulations while testifying before the Senate Banking Committee.

Nov 15, 2023
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Article
Compliance

Cyber agency releases AI roadmap

The Cybersecurity and Infrastructure Security Agency released an artificial intelligence roadmap designed to support the secure development and implementation of AI capabilities.

Nov 15, 2023
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Article
Technology

ICBA launching survey on recent regulatory changes

ICBA this week is launching a survey on the value of community banks, small-business lending, and the regulatory environment. The survey will inform a forthcoming ICBA report on the impact of...

Nov 14, 2023
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Article
Compliance

Grassroots key as Congress debates spending bills

With Congress working this week to advance funding bills to avoid a government shutdown ahead of Friday’s deadline, ICBA is calling on community bankers to contact their members of Congress on...

Nov 13, 2023
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Article
Congressional Matters Compliance

FinCEN issues final rule on beneficial ownership identifiers

The Financial Crimes Enforcement Network issued a final rule that specifies the circumstances in which a reporting company may report an entity’s FinCEN identifier in lieu of information about...

Nov 09, 2023
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Article
Compliance

FinCEN issues new SAR term for reporting export control evasion

The Financial Crimes Enforcement Network and the Bureau of Industry and Security issued a joint notice highlighting a new Suspicious Activity Report key term.

Nov 09, 2023
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Article
Compliance

FDIC board meeting today on special assessment

The FDIC board of directors is scheduled to meet at 10 a.m. (Eastern time) today to finalize the agency’s special assessment to replenish the Deposit Insurance Fund following large bank failures...

Nov 16, 2023
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Article
Federal Deposit Insurance Corporation (FDIC)

Introducing ICBA Payments

ICBA Bancard, ICBA’s payments subsidiary, unveiled its new brand—ICBA Payments. The name change reflects its expanded offerings beyond card services and a broader focus on the larger payments...

Nov 15, 2023
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Article

ICBA Bancard Rebrands to ICBA Payments

ICBA Bancard, the payments subsidiary of the Independent Community Bankers of America (ICBA), today unveiled its new brand—ICBA Payments.

Nov 14, 2023
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Article

ICBA supports proposed tax treatment for digital assets

ICBA expressed support for an Internal Revenue Service proposal designed to clarify the tax treatment of digital assets.

Nov 14, 2023
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Article
Digital Assets

ICBA briefing on CRA rule this week

ICBA is slated to hold a complimentary briefing this week on the interagency final rule to reform Community Reinvestment Act regulations.

Nov 14, 2023
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Article
Community Reinvestment Act (CRA)

Bowman reiterates CRA, interchange, climate concerns

Federal Reserve Governor Michelle Bowman reiterated her concerns with the community bank impact of regulators’ Community Reinvestment Act final rule and other recent agency actions.

Nov 13, 2023
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Article
Federal Reserve

Luetkemeyer raises concerns with GSE credit score change

A key member of the House Financial Services Committee raised concerns with the Federal Housing Finance Agency’s plan to change credit report requirements for Fannie Mae and Freddie Mac mortgages.

Nov 13, 2023
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Article
Federal Housing Finance Agency

Regulators target CRA, interchange, climate standards

Federal Reserve Governor Michelle Bowman expressed concerns with the community bank impact of regulators’ Community Reinvestment Act final rule and other recent agency actions.

Nov 09, 2023
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Article
Compliance

ICBA, state groups request comment extension on 1033 proposal

ICBA and its affiliated state community banking associations called on the CFPB to extend the comment deadline on its proposal to implement standards for sharing consumer financial data under...

Nov 09, 2023
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Article
Compliance

ICBA Statement on Federal Home Loan Bank Report

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Federal Housing Finance Agency report on the Federal Home Loan Banks.

Nov 07, 2023
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Article
Federal Housing Finance Agency

Community Banker University now ICBA Education

ICBA announced the rebranding of Community Banker University to ICBA Education as part of the new ICBA brand, which launched last week.

Nov 07, 2023
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Article