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Romero Rainey: ICBA, community bankers stand together in 2022
ICBA President and CEO Rebeca Romero Rainey said ICBA and community bankers this year proved once again to be effective advocates in Washington.
Boston Fed, MIT end CBDC research project
The Federal Reserve Bank of Boston and MIT concluded their joint Project Hamilton research project into the technical feasibility of a potential U.S. central bank digital currency.
Toomey bill would allow Fed master accounts for stablecoin issuers
Retiring Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) introduced legislation on stablecoin regulation, contributing to the debate over crypto oversight that will resume during the...
CFPB adjusts asset-size thresholds
The Consumer Financial Protection Bureau issued three annual threshold adjustment final rules.
ICBA response to New York climate proposal making news
ICBA’s pushback against New York State Department of Financial Services proposed guidance on climate risk is making headlines.
ICBA pledges to ensure community bank voice is heard on FDIC board
Following the Senate confirmation of FDIC board members, including FDIC Acting Chairman Martin Gruenberg’s nomination for chairman, ICBA released a statement pledging to work with the officials on...
ICBA to Congress: CDFI Fund proposal would harm communities
ICBA and other groups requested a meeting with members of Congress to discuss a Treasury Department proposal that would reduce access to services provided by Community Development Financial...
ICBA Statement on Confirmation of FDIC Board Nominees
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Senate confirmation of President Joe Biden’s nominees to the Federal...
ICBA, Groups to Congress: CDFI Fund Proposal Would Harm Local Communities
ICBA and other groups requested a meeting with members of Congress to discuss a Treasury Department proposal that would irreversibly harm access to services provided by Community Development...
ICBA Statement on New York’s Proposed Climate Risk Guidance
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on New York State Department of Financial Services proposed guidance on climate...
Durbin Amendment expansion out of congressional omnibus
Congress left out of its end-of-year omnibus spending bill numerous ICBA-opposed legislative initiatives, including language to extend the Durbin Amendment to credit cards.
CFPB updates HELOC brochure
The Consumer Financial Protection Bureau issued an update to its “What you should know about home equity lines of credit” brochure.
NCUA chief backs bill to tighten credit union cyber oversight
The head of the National Credit Union Administration called on Congress to pass ICBA-advocated legislation that would authorize the agency to examine credit union third-party service providers for...
FinCEN proposes rule on accessing beneficial ownership info
The Financial Crimes Enforcement Network issued a proposed rule governing access to and protection of beneficial ownership information.
Regulators adopt Fair Debt Collection Practices Act exam procedures
The Federal Financial Institutions Examination Council’s Task Force on Consumer Compliance adopted revised examination procedures for the Fair Debt Collection Practices Act and its implementing...
ICBA op-ed: FDIC should draw down assessment rate increase
With the Federal Reserve's interest rate hikes hastening the normalization of deposits, the FDIC should respond by quickly drawing down its assessment rate increase, ICBA Chairman Brad Bolton wrote...
New bill would establish national data breach standard
Rep. Blaine Luetkemeyer (R-Mo.) reintroduced ICBA-advocated legislation to establish a national data breach notification standard.
ICBA urges agency collaboration to support underserved communities
ICBA encouraged the Treasury Department’s newly formed Interagency Community Investment Committee to promote agency collaboration as it works to support access to affordable capital and financial...
ICBA backs ‘same risk, same regulation’ approach to crypto oversight
ICBA said it strongly supports the Financial Stability Board’s approach to international crypto-asset regulation that is based on the principle of “same activity, same risk, same regulation.”
ICBA continues grassroots push as Congress debates omnibus
With Congress debating end-of-year omnibus spending legislation, ICBA continues calling on community bankers to reach out to lawmakers on ICBA-advocated cannabis banking legislation and...
N.Y. banking agency issues crypto guidance
The New York Department of Financial Services released guidance for New York-regulated banking organizations that wish to engage in virtual currency-related activities.
FS-ISAC spotlights Cuba ransomware, smash-and-grab mitigation
The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary spotlights the recent Joint Cybersecurity Advisory on Cuba ransomware variants.
New ICBA Polling Shows Consumer Opposition to Bill That Would End Credit Card Rewards Programs
As Congress considers legislation to apply routing restrictions to credit card transactions — which would end popular credit card rewards programs — the ICBA released new polling conducted by...
Grassroots needed on cannabis banking, Durbin Amendment
While the National Defense Authorization Act excludes ICBA-advocated cannabis banking legislation and ICBA-opposed language to expand the Durbin Amendment, the debate over both initiatives continues.
CFPB: TILA doesn’t preempt N.Y. disclosure law
The Consumer Financial Protection Bureau issued a preliminary determination that the Truth in Lending Act does not preempt a New York state law requiring commercial financing disclosures.
ICBA urges passage of new Senate bill to close ILC loophole
ICBA expressed strong support for the introduction of Senate legislation to close the industrial loan company loophole.
Financial Services and Consumer Groups Support Senate Bill to Close Industrial Loan Company Loophole
Today, a broad coalition of financial services and consumer organizations expressed support for new legislation to close the industrial loan company (ILC) charter loophole, the "Close the Shadow...
Grassroots key as Senate cannabis banking debate ramps up
With the debate over ICBA-advocated cannabis banking legislation picking up as some policymakers express concerns and others confidence in the bill's passage, ICBA is urging community bankers to...
ICBA, groups urge Congress to oppose SBA's proposed 7(a) changes
ICBA and other groups called on Congress to oppose Small Business Administration proposals to detrimentally reform its 7(a) lending program.
ICBA: Congressional Report Validates That Community Banks Are a Superior Alternative to Nonbank Lenders
ICBA President and CEO Rebeca Romero Rainey issued the following statement on the Select Subcommittee on the Coronavirus Crisis’s report regarding the role of fintech companies in facilitating a...
ICBA’s Romero Rainey, Merski Again Named Top Lobbyists by The Hill
ICBA President and CEO Rebeca Romero Rainey and ICBA Group Executive Vice President of Congressional Relations and Strategy Paul Merski are featured on The Hill’s 2022 list of the top Washington...
Grassroots heating up as lame-duck Congress winds down
As Congress considers must-pass end-of-year legislation, ICBA is calling on community bankers to contact their members of Congress on top advocacy priorities.
CFPB issues guidance on HMDA enforcement following court ruling
The Consumer Financial Protection Bureau released Home Mortgage Disclosure Act enforcement guidance following a recent court ruling vacating its 2020 HMDA final rule.
ICBA Urges Senate to Pass Newly Introduced Bill to Close ILC Loophole
ICBA today expressed its strong support for Senate Banking Committee Chairman Sherrod Brown's (D-Ohio) introduction of the Close the Shadow Banking Loophole Act to close the industrial loan company...
ICBA: PPP report validates that community banks are superior alternative to nonbanks
ICBA said a congressional report on financial technology participants in the Paycheck Protection Program validates that community banks were the unequivocal leaders of the U.S. economic recovery...
ICBA to regulators: Ensure CRA reform minimizes new burdens
With FDIC Acting Chairman Martin Gruenberg testifying before Congress, ICBA reiterated its call for the federal banking agencies to issue a uniform rule that minimizes new data collection and...
Community bank net income rises 13.5% in Q3
Community banks reported a 13.5% increase in net income during the third quarter from the previous quarter and a 3.9% increase from a year ago, according to the FDIC's latest Quarterly Banking...
Lawmakers urge FHFA to align capital standards with banking agencies
ICBA expressed support for a new bipartisan letter from members of Congress urging the FHFA to align its capital rules with those of federal banking regulators to avoid penalizing community banks...
OCC cuts 2023 assessments
The OCC published its assessment rates for the 2023 calendar year, reducing the rates in its general assessment fee schedule and maintaining its 2022 rates for the independent trust and independent...
ICBA Urges Regulators to Ensure CRA Reform Minimizes New Community Bank Reporting Burdens
With FDIC Acting Chairman Martin Gruenberg testifying before Congress, ICBA reiterated its call for the federal banking agencies to issue a uniform rule that minimizes new data collection and...