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ICBA supports proposed CFPB oversight of Big Tech firms
ICBA expressed support for a Consumer Financial Protection Bureau proposed rule that would establish bureau oversight of Big Tech firms and other large nonbank tech companies that offer payments...
FinCEN reports on Identity-Related Suspicious Activity
The Financial Crimes Enforcement Network said 42% of the Bank Secrecy Act reports filed in 2021 related to identity, indicating $212 billion in identity-related exploitations through various schemes.
Beneficial ownership reports to FinCEN top 100K: Yellen
The Financial Crimes Enforcement Network has received more than 100,000 filings on beneficial ownership information since it began accepting reports last week, Treasury Secretary Janet Yellen said.
FDIC’s McKernan: Agencies should review policies on major asset managers
FDIC Director Jonathan McKernan said regulators should investigate the impact of the “Big Three” asset managers—Vanguard, BlackRock, and State Street—on the banking industry.
Grassroots on rural lending relief continues
ICBA continues calling on community bankers to continue urging their members of Congress to co-sponsor legislation to support lending in rural communities.
CRA Partners Adds Community Reinvestment Act Support Services
CRA Partners, a subsidiary of ICBA, announced the addition of CRA support services under an agreement with Michael P. Wallace of Wallace Consulting Co. LLC to help community banks meet new...
ICBA pressing grassroots on rural lending relief
With lawmakers returning to Washington for the second session of the 118th Congress, ICBA is calling on community bankers to continue urging their members of Congress to co-sponsor legislation to...
Bowman: Climate guidance reflects agency loss of focus
Interagency climate risk principles for institutions with at least $100 billion in assets illustrate banking regulators’ lost focus on core financial risks, Federal Reserve Governor Michelle Bowman...
Agency panel advances report seeking DeFi framework
The Commodity Futures Trading Commission’s Technology Advisory Committee advanced a report calling on the government to address risks posed by decentralized finance.
Joint letter on pending overdraft rules makes headlines
A joint letter from ICBA and other groups to the Consumer Financial Protection Bureau on pending rulemakings related to overdraft and non-sufficient-funds fees is making news.
Yellen beneficial ownership remarks kick off week in Washington
Yellen beneficial ownership remarks kick off week in Washington.
ThinkTECH Accelerator sessions start next week
Community bankers can register to participate in the sixth ICBA ThinkTECH Accelerator program to meet with six emerging fintech companies advancing community bank innovation.
CFPB accepting HMDA data submissions
The Consumer Financial Protection Bureau said its filing period for Home Mortgage Disclosure Act data collected in 2023 opened on Jan. 1. Submissions will be considered timely if received on or...
FDIC compares bank impact of different inflationary periods
The recent inflationary period has had a different impact on banks than did the periods of stagflation during the 1970s, the FDIC said in a new report.
ICBA Supports Proposed Long-Term Debt Requirements for Large Banks
The Independent Community Bankers of America (ICBA) expressed support for an interagency proposal to require banks with $100 billion or more in assets to maintain minimum levels of externally...
ICBA supports proposed debt requirements for large banks
ICBA expressed support for an interagency proposal to require banks with $100 billion or more in assets to maintain minimum levels of externally issued long-term debt.
CFPB sending $6M in relief checks
The Consumer Financial Protection Bureau said it recently sent $6 million in financial relief to consumers harmed by illegal lending practices targeting veterans.
Independent Banker offers 2024 CEO outlook
The January issue of ICBA's Independent Banker magazine features a look ahead at the coming year from a roundtable of community bank CEOs.
ICBA announces support for proposed large-bank debt rules
ICBA announced its support for an interagency proposal to require banks with $100 billion or more in assets to maintain minimum levels of externally issued long-term debt.
Rep. Blaine Luetkemeyer won’t seek reelection
Rep. Blaine Luetkemeyer (R-Mo.), who chairs the House Financial Services Committee’s national security subcommittee, said he will retire from Congress at the end of his current term.
ICBA Community tops 2,000 members
The ICBA Community online platform continues to grow, recently surpassing 2,000 members since its launch in July.
ICBA to CFPB: Small-biz review needed ahead of overdraft proposal
ICBA and other groups called on the CFPB to hold off on any rulemakings related to overdraft and non-sufficient-funds fees until it conducts a statutorily required review under the Small Business...
ThinkTECH Accelerator private sessions coming up
Community bankers can register to participate in the sixth ICBA ThinkTECH Accelerator program to meet with six emerging fintech companies advancing community bank innovation.
CDFI Fund advisory board meeting this month
The Community Development Advisory Board—which advises the Community Development Financial Institutions Fund—is scheduled to meet at 2 p.m. (Eastern time) Wednesday, Jan. 17. The virtual meeting...
ICBA urges community bank exemptions in 1033 rule
ICBA urged the Consumer Financial Protection Bureau to exempt certain community banks from proposed standards for sharing consumer financial data.
FinCEN now accepting beneficial ownership reports
The Financial Crimes Enforcement Network began accepting beneficial ownership information reports.
ICBA PAC auction tickets available
Tickets are now available for ICBA PAC’s 35th Annual Auction Fundraiser, which is scheduled for Saturday, March 16, during ICBA LIVE in Orlando.
Treasury issues request for input on financial inclusion
The Treasury Department issued a request for information on its planned development of a national strategy for financial inclusion.
ICBA to CFPB: Include Community Bank Exemption in 1033 Proposal on Sharing Consumer Financial Data
The Independent Community Bankers of America (ICBA) today urged the Consumer Financial Protection Bureau to exempt certain community banks from proposed standards for sharing consumer financial data.
FinCEN finalizes rule on beneficial ownership information access
The Financial Crimes Enforcement Network issued a final rule that establishes the framework for access to and protection of beneficial ownership information.
Treasury seeks input on national financial inclusion strategy
The Treasury Department requested input on its planned development of a national strategy for financial inclusion.
Senate committee chairman: ILC loophole a top 2024 priority
Senate Banking Committee Chairman Sherrod Brown (D-Ohio) included ICBA-supported legislation to close the industrial loan company loophole in his list of priorities for the coming year.
ICBA mission crucial to 2023 successes: Romero Rainey
Never has ICBA’s community bank-focused mission been more important than in 2023, ICBA President and CEO Rebeca Romero Rainey said this week in a message to the nation’s community bankers.
New NCUA board member confirmed
The Senate confirmed Tanya Otsuka to serve as a member of the National Credit Union Administration board. Otsuka replaces board member Rodney Hood, whose term expired in August.
FDIC finalizes rules on official sign, misrepresentations
The FDIC board of directors adopted a final rule to modernize rules governing the use of official FDIC signs and to clarify agency regulations on deposit insurance misrepresentations.
Agencies adjust CRA asset thresholds
Federal regulators announced the 2024 updated asset-size thresholds used to define "small banks" and "intermediate small banks" under their current Community Reinvestment Act regulations.
Romero Rainey: ICBA mission crucial to 2023 successes
Never has ICBA’s community bank-focused mission been more important than in 2023, ICBA President and CEO Rebeca Romero Rainey said in a message to the nation’s community bankers.
Biden vetoes ICBA-advocated 1071 resolution
President Joe Biden vetoed an ICBA-advocated bipartisan resolution to overturn the Consumer Financial Protection Bureau’s Section 1071 rule.
ICBA urges Congress to override veto of 1071 resolution
ICBA expressed opposition to President Joe Biden’s veto of a bipartisan resolution to overturn the Consumer Financial Protection Bureau’s Section 1071 rule and called on Congress to override the veto.
FDIC emphasizes impact of largest banks on 2024 budget
The FDIC board of directors approved the agency’s 2024 operating budget while citing the disproportionate cost of overseeing the largest and riskiest banks.
ICBA Urges Congress to Override Veto of Resolution Scrapping Onerous Small-Business Reporting Rule
ICBA today expressed opposition to President Joe Biden’s veto of a bipartisan resolution that would nullify the Consumer Financial Protection Bureau’s Section 1071 small-business data collection...
Navy Federal faces lawsuit following reports of discriminatory lending
Plaintiffs this week filed a class-action lawsuit against Navy Federal Credit Union following last week’s CNN report of the credit union’s wide racial disparities in mortgage approval rates.
Key lawmaker to Navy Federal: Explain report on lending disparities
House Financial Services Committee Ranking Member Maxine Waters (D-Calif.) said Navy Federal Credit Union must explain itself to Congress following last week’s CNN report of its wide racial...
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.
SEC rejects Coinbase request for crypto framework
The Securities and Exchange Commission denied Coinbase’s request for the agency to develop a new regulatory framework for cryptoasset securities.
CFPB issues overdraft report ahead of proposed rule
The Consumer Financial Protection Bureau issued a report on consumer experiences with overdraft and non-sufficient-fund fees ahead of an expected rulemaking.
Senate bill would improve supervisory appeals process
ICBA-advocated legislation to improve the bank examination environment through a workable appeals process was introduced in the Senate.
FDIC board meeting tomorrow on budget, signage
The FDIC scheduled a board meeting for 2 p.m. (Eastern time) tomorrow, Dec. 20.
FDIC issues advisory on CRE concentrations
The FDIC issued an advisory to reemphasize the importance of strong capital, appropriate credit loss allowance levels, and robust credit risk-management practices for institutions with commercial...
Farm Credit System growth slows in 2023
The Farm Credit Administration board met last week to receive a quarterly report on economic conditions affecting the agricultural economy and Farm Credit System institutions.
ICBA Hosts First ThinkTECH Connect To Showcase Community Bank Innovation
The Independent Community Bankers of America® (ICBA) hosted its first ThinkTECH Connect event, an ICBA event showcasing rapid-fire pitches from 10 emerging fintechs that address community bank pain...
ICBA-backed bill would clarify CFPB’s UDAAP authority
Rep. Andy Barr (R-Ky.) formally introduced his ICBA-advocated bill to clarify the Consumer Financial Protection Bureau’s authority to oversee unfair, deceptive, and abusive acts and practices,...
Webinar to help navigate recent CRA changes
ICBA is hosting a webinar next month on the federal banking agencies’ recently finalized changes to Community Reinvestment Act regulations.
CNN reports on credit union lending disparities, citing CRA exemption
The nation’s largest credit union has the widest racial disparities in mortgage approval rates of any major lender, CNN reported.
Basel panel proposes tighter standards on bank stablecoin exposures
The Basel Committee published a new consultation paper proposing to refine how it treats stablecoins in its standards for banks’ cryptoasset exposures.
ICBA Strongly Supports Senate Bill to Close ILC Loophole
ICBA today expressed its strong support for bipartisan legislation to close the industrial loan company (ILC) loophole, which allows commercial companies to own full-service banks without the same...
Williams: Community bankers focused on regulatory environment
ICBA Chairman Derek Williams discusses the community banking industry’s 2024 outlook in the latest “Banking with Interest” podcast from IntraFi.
ThinkTECH Accelerator registration open
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.
ICBA quarterly briefing today
ICBA today is hosting its fourth-quarter update on industry news and highlights.
ICBA quarterly briefing tomorrow
ICBA tomorrow is hosting its fourth-quarter update on industry news and highlights. Scheduled for 2 p.m. (Eastern time) tomorrow, Dec. 13