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ICBA, groups oppose effort to slip credit card bill into military funding package
ICBA and other groups expressed united opposition to efforts by Sens. Roger Marshall (R-Kan.) and Richard Durbin (D-Ill.) to attach their ICBA-opposed credit card routing bill to a must-pass...
Senate panel to mark up cannabis banking bill this month
The Senate Banking Committee said it would meet Sept. 27 to consider ICBA-advocated legislation to establish a safe harbor from federal sanctions for financial institutions that serve...
ICBA urges CBDC opposition at House hearing
ICBA reiterated to Congress its opposition to the creation of a U.S. central bank digital currency.
Romero Rainey: ICBA campaigns targeting credit union policies
With credit union executives in Washington this week for advocacy meetings, ICBA launched several campaigns to raise questions about credit union policies among lawmakers, ICBA President and CEO...
Senator renews push to advance ICBA-opposed credit card routing bill
ICBA is calling on community bankers to voice strong opposition to renewed efforts by Sen. Roger Marshall (R-Kan.) to force Senate consideration of legislation to advance credit card routing...
ICBA meets with OCC on re-presentment concerns
ICBA leadership community bankers and staff this week met with OCC officials on the agency’s supervisory approach to how banks treat single items that are repeatedly rejected for insufficient funds.
ICBA grassroots campaigns continue with Congress back in Washington
With Congress back in Washington following the August recess, ICBA continues its grassroots campaigns on key advocacy issues.
SEC’s Gensler to Congress: Securities laws apply to crypto industry
Securities and Exchange Commission Chair Gary Gensler told Congress that most crypto tokens and intermediaries are subject to U.S. securities laws despite the industry’s “wide-ranging noncompliance.”
Judge vacates ICBA-opposed CFPB exam manual update
A federal judge vacated last year’s ICBA-opposed Consumer Financial Protection Bureau actions expanding the bureau’s authority to examine banks for discrimination.
FHFA plans stakeholder forums on new credit score models
The Federal Housing Finance Agency said it will hold stakeholder forums and listening sessions in the coming weeks on its plans to transition Fannie Mae and Freddie Mac to new credit score models.
ICBA Statement on Swearing-in of Federal Reserve Board Members
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s swearing-in of members of the Federal Reserve Board.
FS-ISAC spotlights MinIO threat targeting corporate networks
The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary covers an unknown threat actor exploiting vulnerabilities in the MinIO Object Storage system to remotely...
Rakuten credit union application confirmed following ICBA outreach
The National Credit Union Administration reportedly confirmed that Rakuten Inc. has applied for a federal credit union charter after ICBA asked the agency for confirmation.
Barr: Fed program on novel activities will continue to grow
The Federal Reserve’s new program to supervise novel, technology-driven activities in the banks it oversees will continue to grow as new technologies emerge, Fed Vice Chair for Supervision Michael...
ICBA urges bipartisan response to SBA 7(a) changes ahead of House markup
ICBA and other groups urged the House Small Business Committee to work toward a bipartisan response to recent Small Business Administration changes to its 7(a) loan program.
ICBA rejects Kevin O’Leary’s inaccurate message on bank lending
ICBA President and CEO Rebeca Romero Rainey pushed back against erroneous claims from television personality Kevin O'Leary that banks are not lending to small businesses in the current economic...
ICBA community bankers discuss navigating challenges in new video
ICBA leadership community bankers discussed the vital role of community banks in a video discussion with the Travillian executive search and talent advisory firm.
Chopra: CFPB’s 1033 proposal coming next month
The Consumer Financial Protection Bureau next month will propose standards for sharing consumer financial data, CFPB Director Rohit Chopra said.
Community bank net income rises 3.4% in Q2
Community banks reported a 3.4% second-quarter increase in net income from the previous quarter and a 0.7% increase from the same period a year ago, according to the FDIC’s latest Quarterly Banking...
FDIC launching new site for consumer compliance, CRA exam activities
The FDIC said it will launch a new Banker Engagement Site through FDICconnect this month for examination-related activities.
ICBA conducting Marketing and Communications Toolkit survey
ICBA is conducting a survey to learn how member community bankers use its "Tell Your Story" Marketing and Communications Toolkit to help elevate and distinguish community banking in the hearts and...
FDIC promotes tips to prevent elder financial abuse
The latest FDIC Consumer News offers tips for spotting and preventing elder financial abuse. The publication encourages consumers to choose advisors carefully, be careful with powers of attorney,...
ICBA Honors 2023 National Community Bank Service Award Recipients
ICBA today announced the winners of its 2023 National Community Bank Service Awards in recognition of the creative and exemplary efforts of the nation’s community banks to help their local...
ICBA Seeks Information from Federal Credit Union Agency on Rakuten Charter Application
ICBA today asked the National Credit Union Administration to provide information on whether Rakuten Inc. has applied for a federal credit union charter or for insurance under the agency’s Share...
New tool ensures advertising regulatory compliance
The Check Your Ad Program, a new tool from Community Banker University, takes the guesswork out of advertising regulatory compliance.
ICBA Foundation continues raising funds for Maui wildfire relief
The ICBA Foundation Disaster Relief Program continues requesting tax-deductible donations to assist community banks and employees affected by a recent series of deadly wildfires on the Hawaiian...
Agencies address supervisory practices for institutions affected by Hurricane Idalia
Federal and state financial regulators issued a joint statement saying they recognize the serious impact of Hurricane Idalia on the customers and operations of many financial institutions and will...
ICBA continues advocacy push as Congress return
With Congress back in Washington from its August recess, ICBA continues encouraging community bankers to use its grassroots alerts and customizable resources on various pressing advocacy issues.
ICBA: Five Credit Union Acquisitions of Taxpaying Community Banks in One Week Demands Congressional Action
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on recent acquisitions of taxpaying community banks by tax-exempt credit unions.
Senators urge CFPB to grant nationwide stay of 1071 rule
Sen. John Kennedy (R-La.) and seven other Senate Banking Committee members asked the Consumer Financial Protection Bureau to issue a nationwide stay of its Section 1071 rule amid a pending court...
ICBA Foundation continues raising funds for Maui wildfire relief
The ICBA Foundation Disaster Relief Program continues requesting tax-deductible donations to assist community banks and employees affected by a recent series of deadly wildfires on the Hawaiian...
New ICBA podcast on budgeting for innovation
The latest episode of ICBA’s “Independent Banker” podcast spotlights how to budget for innovation and find the right fintech partners.
ICBA Commends FDIC for Proposing New Debt Requirements for Large Banks
The Independent Community Bankers of America (ICBA) today commended the Federal Deposit Insurance Corp. board of directors for proposing debt requirements for banks over $100 billion in assets.
ICBA urges agencies to ensure access to automated real estate valuation models
ICBA called on federal regulators to avoid disincentivizing the use of automated valuation models, or AVMs, which mortgage lenders use to value real estate collateral.
New agency fact sheet details quantum computer threat
The Cybersecurity and Infrastructure Security Agency and other agencies issued a fact sheet on the capabilities of quantum computers, which pose new security threats to existing information systems.
ICBA Foundation activates to raise funds for Maui wildfire relief
The ICBA Foundation Disaster Relief Program is requesting tax-deductible donations to assist community banks and employees affected by a recent series of deadly wildfires on the Hawaiian island of...
FDIC amends Equal Housing Lender posters
The FDIC said it recently amended details of its Equal Housing Lender posters, which FDIC-supervised institutions are required by the Fair Housing Act to maintain in branches.
Amid series of credit union acquisitions, ICBA continues pressing Congress to act
Following several credit union acquisitions of community banks this week, ICBA repeated its call for Congress to investigate these taxpayer-subsidized deals.
ICBA offers custom 1071 resources
With Congress returning to Washington next week, ICBA continues encouraging community bankers to use its customizable resources to educate and engage their customers on the Consumer Financial...
CFPB reiterates plan to propose rules on data brokers
The Consumer Financial Protection Bureau reiterated its plan to propose new rules to prevent the misuse and abuse of consumer information collected by credit reporting companies and other data...
ICBA Provides Tips for Consumers Ahead of National Preparedness Month in September
In light of Hurricane Idalia and in observance of National Preparedness Month in September, ICBA and the nation's community banks are reminding consumers to take measures that can help speed up...
FDIC board meeting next week on standards for large banks
The FDIC board of directors said it will meet next week to consider new regulatory standards for large banks.
Swift says its cross-border payments already meet G20 target
The Swift financial transactions and payments network said 89% of cross-border payments are processed over its network in less than an hour, placing its transaction speed ahead of the G20’s...
ICBA sets the record straight on efforts to combat 1071 rule
In a new message to community bankers, ICBA President and CEO Rebeca Romero Rainey outlines the state of the CFPB’s problematic 1071 rule, including ICBA’s efforts to fight to protect community...
ICBA National Campaign Toolkit offers FAQs
The ICBA National Campaign Toolkit features numerous assets for community banks and state partners, including frequently asked questions on the campaign.
Court grants ICBA’s request to intervene in suit against CFPB
The U.S. District Court for the Southern District of Texas granted a request by ICBA, the Independent Bankers Association of Texas (IBAT), and Texas First Bank to intervene in the TBA v. CFPB case...
ICBA Community surpasses 1,200 members
ICBA Community continues to expand with more than 1,200 members and hundreds of conversations on a range of issues poised to shape the future of the community banking industry.
CFPB to propose rules governing data broker practices
The Consumer Financial Protection Bureau will propose new rules to prevent the misuse and abuse of consumer information collected by credit reporting companies and other data brokers.
Report: Credit card routing bill would cost consumers $11B in rewards
ICBA-opposed legislation to impose credit card routing restrictions would cost credit card users $11 billion in annual rewards, according to a new report from the Electronic Payments Coalition.
Bittrex to pay $24M to settle SEC exchange allegations
The Securities and Exchange Commission said crypto asset trading platform Bittrex Inc. and its former CEO, William Shihara, agreed to settle charges that they operated an unregistered national...
Custodia Bank launches in certain states
Special-purpose depository institution Custodia Bank said it has officially launched in certain states to serve U.S.-based business customers.
Agencies request feedback on secure open-source software
The Cybersecurity and Infrastructure Security Agency and other agencies issued a request for information on areas for prioritization to secure open-source software.
ICBA ThinkTECH Accelerator director profiled by BankBeat
ICBA ThinkTECH Accelerator Director Stephanie Foster, who joined ICBA in January to help plan and execute ICBA’s award-winning program, is the subject of a new profile in BankBeat.
ICBA request for 1071 relief makes headlines
ICBA’s actions to challenge the Consumer Financial Protection Bureau's Section 1071 final rule and seek injunctive relief for community banks is making headlines.
FHFA responds to ICBA concerns with new credit score models
The Federal Housing Finance Agency said it is considering adjustments to its plan for transitioning Fannie Mae and Freddie Mac to new credit score models following outreach from ICBA and other groups.
ICBA requests 1071 relief in court filings, CFPB letter
ICBA on Friday filed a motion and complaint calling on the court to invalidate the Consumer Financial Protection Bureau’s Section 1071 final rule and enjoin the CFPB from enforcing it.
Credit union acquisition of Ill. community bank will not close
A planned credit union acquisition of a community bank in Illinois will not go through, according to S&P Global.
Fed hosting FedNow town hall this month
The Federal Reserve said it is hosting a town hall meeting this month on the FedNow Service.
ICBA releases updated guide for August recess meetings
ICBA released an updated version of its “Meetings on Main Street” guide to help community bankers host members of Congress during the August congressional recess.
Fed updates policy on supervising stablecoins, novel activities
The Federal Reserve Board released additional information on its program to supervise novel activities in the banks it oversees, including stablecoin activity.