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IRS plan excluded from budget framework — for now
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...
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
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...
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
OCC issues revised TILA procedures The OCC issued revised interagency examination procedures and rescissions for the Truth in Lending Act The OCC issued revised interagency examination procedures...
ICBA Statement on IRS Bank Reporting Proposal
ICBA Statement on IRS Bank Reporting Proposal ICBA and the nation’s community banks applaud the exclusion of the widely opposed IRS bank reporting proposal from today’s budget reconciliation...
ICBA talks IRS on Fox News as House Dem coalition pushes back
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. ICBA leaders appeared on...
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. ICBA and ICBA...
ICBA testifies on IRS reporting as Manchin speaks out
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. ICBA testified...
ICBA to Congress: Reject IRS Reporting Plan Outright
ICBA to Congress: Reject IRS Reporting Plan Outright The Independent Community Bankers of America today told Congress that proposed tweaks to Washington’s widely opposed IRS reporting proposal are...
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. The...
OCC issues FAQs on rescinding CRA rule
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. ICBA expressed support for a Senate companion...
Complimentary central bank digital currency webinar tomorrow
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 foundational...
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
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 reporting proposal....
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
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 consumer...
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
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 incorporate the...
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 LIVE 2022 set for San Antonio ICBA announced its ICBA LIVE 2022 national convention is scheduled for Feb. 27-March 3 in San Antonio. ICBA announced its ICBA LIVE 2022 national convention is...
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...
ICBA: Washington Cannot Salvage Widely Opposed IRS Reporting Plan
ICBA: Washington Cannot Salvage Widely Opposed IRS Reporting Plan Independent Community Bankers of America President and CEO Rebeca Romero Rainey today issued a statement on the latest...
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...
ICBA Renews its Preferred Service Provider Relationship with OnBoard
ICBA Renews its Preferred Service Provider Relationship with OnBoard The Independent Community Bankers of America today announced it has extended its relationship with Preferred Service Provider...
State AGs join opposition to IRS reporting plan
State AGs join opposition to IRS reporting plan Attorneys general from 20 states expressed opposition to the Biden administration’s proposal to require banks to report customer information to the...
ICBA: Credit unions shouldn’t get Basel III shortcut
ICBA: Credit unions shouldn’t get Basel III shortcut ICBA told the National Credit Union Administration that credit unions should first be subject to the full provisions of the Basel III regulatory...
OCC issues 2022 supervision plan
OCC issues 2022 supervision plan The OCC released its bank supervision operating plan for fiscal 2022. The plan provides the foundation for policy initiatives and for supervisory strategies to...
Senators debating IRS reporting plan today
Senators debating IRS reporting plan today Senators are set to host dueling press conferences today on the Biden administration’s ICBA-opposed plan to require banks to report customer information...
ICBA: Guidance on third parties a key step
ICBA: Guidance on third parties a key step ICBA told regulators it supports their efforts to consolidate guidance on third-party risk management while providing recommendations on the proposed...
Top stablecoin issuer fined $41M over reserve claims
Top stablecoin issuer fined $41M over reserve claims The Commodity Futures Trading Commission fined Tether, the largest stablecoin issuer, $41 million for misleading claims that its U.S. dollar...
ICBA, groups push back on IRS reporting false claims
ICBA, groups push back on IRS reporting false claims With Congress working to modify its IRS reporting proposal in response to widespread opposition, ICBA and 100 other organizations pushed back...
ICBA backs hybrid exam model
ICBA backs hybrid exam model ICBA encouraged the FDIC to adopt a hybrid examination model that uses on-site and off-site exam activity as it explores the future of post-pandemic oversight. ICBA...
Jack Henry Partners with Open Banking Providers to Enhance Digital Platform
Jack Henry Partners with Open Banking Providers to Enhance Digital Platform Jack Henry announced today that Finicity, Akoya, and Plaid are among the first open banking pioneers to integrate to the...
ICBA concerns with OCC nomination make headlines
ICBA concerns with OCC nomination make headlines The New York Times covered ICBA’s concerns with the nomination of Cornell University law professor Saule Omarova for comptroller of the currency....
OCC nomination continues generating press
OCC nomination continues generating press ICBA’s concerns with the nomination of Cornell University law professor Saule Omarova for comptroller of the currency continued generating headlines....
Senators ramp up opposition to IRS reporting plan
Senators ramp up opposition to IRS reporting plan Congressional pushback against the reconciliation package’s ICBA-opposed IRS reporting proposal continued with commentary from Senate leaders....
Senators continue opposition to 7(a) direct lending
Senators continue opposition to 7(a) direct lending A group of 15 Republican senators led by Tim Scott (S.C.) continued pushing back against ICBA-opposed proposed changes to the SBA 7(a) loan...
DOJ team to target crypto platforms
DOJ team to target crypto platforms The Justice Department has launched a team to target cryptocurrency platforms that support money laundering, a top DOJ official said The Justice Department has...