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ICBA Names Scott Marks as Assistant Vice President of Congressional Relations
The Independent Community Bankers of America (ICBA) today announced the hire of Scott Marks as assistant vice president of congressional relations.
ICBA offers guidance on FDIC’s new approach to re-presented transactions
With the FDIC taking a new, stricter approach to how banks treat single items that are repeatedly rejected for insufficient funds, ICBA released a fact sheet on the issue with recommendations for...
ICBA Urges Policymakers to Consider Risks of Crypto, Central Bank Digital Currency
The Independent Community Bankers of America (ICBA) today called on the Commerce Department to recognize the risks posed by digital assets — including a U.S. central bank digital currency — as...
CFPB: States can issue fair credit reporting laws
The Consumer Financial Protection Bureau issued an interpretive rule affirming states’ abilities to issue their own fair credit reporting laws.
ICBA, Groups Urge CFPB to Rescind Revised Examination Manual
The Independent Community Bankers of America (ICBA) and other groups issued a joint white paper detailing why recent Consumer Financial Protection Bureau actions to expand its examination of banks...
ICBA Statement on Committee Passage of the Close the ILC Loophole Act
ICBA and the nation’s community banks strongly support the Close the ILC Loophole Act (H.R. 5912) and thank Reps. Chuy Garcia (D-Ill.) and Lance Gooden (R-Texas) for introducing this important...
Committee set to vote on ILC bill after pulling overdraft measure
The House Financial Services Committee today is set to vote on ICBA-advocated legislation to close the industrial loan company loophole after pulling an ICBA-opposed bill to implement overdraft...
CFPB initiates review of credit card late fees
The Consumer Financial Protection Bureau issued an advance notice of proposed rulemaking to reopen CARD Act rules that regulate how much financial firms can charge in credit card late fees.
Payments One Credit Enhances the Small Business & Commercial Card Experience
Small business and commercial card payments are an exciting growth and relationship opportunity for community banks. Both small business and commercial card types hold strong value and the size and...
ICBA, Groups Urge FDIC to Reconsider Reversal on Supervisory Appeals Office
The Independent Community Bankers of America (ICBA) and other groups called on the Federal Deposit Insurance Corp. to reconsider its decision to eliminate the Office of Supervisory Appeals and...
Building a Commercial Card Program – A Missouri Community Banker Weighs In
When Chad King, director of business services at $3.5 billion-asset First State Community Bank in Farmington, Mo., came to the bank nearly a decade ago, they charged him with setting up merchant...
ICBA, groups urge FDIC to reconsider appeals office change
ICBA and other groups called on the FDIC to reconsider its decision to eliminate the Office of Supervisory Appeals and reinstate the agency’s Supervision Appeals Review Committee.
CFPB planning 1071 final rule by March 2023
The Consumer Financial Protection Bureau plans to issue a final rule implementing Section 1071 small-business reporting requirements by March 2023, according to a timeline released by the Office of...
Visa SMB Pulse Payment Outlook and Trends
A recent Visa commissioned survey provides insights into credit usage by small- to mid-sized businesses (SMBs) in the United States.
Instant Payments for Small Businesses: Low Hanging Fruit
If you have not read ICBA Bancard CEO Tina Giorgio’s recent blog on instant payments for small businesses, it is definitely worth reading. In the blog, Tina includes some key stats that effectively...
Buy Now, Pay Later Continues Notable Growth as BNPL Fraud Increases
Buy Now, Pay Later (BNPL) quickly rose to become an alternative payment staple during the pandemic, appealing to millennials and consumers wanting to get that ‘longed for’ purchase or just make...
A Note from the Chairman: Carpe Diem Instant Payments
As the lifeblood of the U.S. economy, small businesses have reverberating impacts on the industries and communities they serve. In many cases, their expertise extends into areas other than...
Credit union terminates purchase of Ga. community bank
VyStar Credit Union in Jacksonville, Fla., terminated its bid to acquire Heritage Southeast Bank in Jonesboro, Ga., after failing to win regulatory approval.
Committee reschedules ILC, overdraft markup
The House Financial Services Committee rescheduled for next week its markup of several key bills after postponing it earlier this week. The markup is now set to start at 10 a.m. (Eastern time) this...
Agencies release 2021 HMDA data
The Federal Financial Institutions Examination Council released 2021 Home Mortgage Disclosure Act data for 4,338 U.S. financial institutions.
CFPB gathering overdraft data for regulatory follow-up
The Consumer Financial Protection Bureau said it intends to use information it is gathering from financial institutions on their overdraft practices to identify institutions for further regulatory...
ICBA Provides Tips for Preventing Elder Financial Abuse
June 15 is World Elder Abuse Awareness Day, and the Independent Community Bankers of America and its Senior Housing Crime Prevention Foundation subsidiary are providing tips for preventing the...
Credit union grassroots key with House committee meeting today
With the House Rules Committee meeting today to advance legislation to further empower credit unions, ICBA continues calling on community bankers to urge their lawmakers to oppose the bill.
ICBA Statement on FDIC Proposal to Raise Deposit Insurance Assessment Rates
ICBA and the nation’s community banks are closely reviewing today’s FDIC proposal to amend its Deposit Insurance Fund Restoration Plan by increasing deposit insurance assessment rates by 2 basis...
ICBA concludes blog series on stablecoin collapse
ICBA concluded its new series of blog posts on the collapse of the TerraUSD stablecoin with a post focusing on its impact on community banks and the regulatory debate.
House committee markup in focus this week
Tomorrow’s House Financial Services Committee markup will drive the week on Capitol Hill. The panel will consider an ICBA-supported bill to close the ILC loophole and ICBA-opposed legislation on...
Hsu: CRA update supports MDIs, CDFIs
The proposed update to Community Reinvestment Act regulations incentivizes banks to support minority depository institutions and community development financial institutions, Acting Comptroller of...
ICBA continues blog series on stablecoin collapse
ICBA continued its new series of blog posts on the collapse of the TerraUSD stablecoin and its broader impact.
ICBA, state associations urge passage of cannabis safe harbor
ICBA and a coalition of 44 state community banking associations urged Congress to include a cannabis banking safe harbor in the America COMPETES Act conference report.
CFPB terminates Upstart no-action letter
The Consumer Financial Protection Bureau said it terminated Upstart Network from its list of approved “no-action letters” at Upstart’s request.
Op-ed targets credit union acquisitions ahead of committee votes
Congress should join the growing number of states fighting back against credit union acquisitions of community banks, ICBA President and CEO Rebeca Romero Rainey says in a new op-ed.
ICBA leading push on ILC, overdraft, credit union bills
With several key community banking policy issues coming up for a vote in the coming days, ICBA is urging community bankers to speak out while it engages lawmakers in Washington.
ICBA Offers Tips to Help Simplify the Home Buying Process
In recognition of National Homeownership Month in June, ICBA and the nation’s community banks encourage consumers to consult their local community bank to learn how to make financing a mortgage or...
ICBA and 44 State Banking Associations Express Concern Over Proposal That May Choke Off Credit to Legal Businesses
ICBA and 44 state banking associations, strongly urged the FDIC not to allow its proposed statement of principles on climate-risk management for large banks to limit financial institutions from...
ICBA, state groups express concerns over climate risk management framework
ICBA and 44 state banking groups wrote to the FDIC to express concerns that the agency’s proposed climate risk management framework for large banks could “choke off” lawful but climate-disfavored...
USDA B&I loan program funding running out
The USDA told Business and Industry Guaranteed Loan Program stakeholders that it has discontinued allocating funds on an as-requested basis because the program is running low on authorized funding.
Lawmakers echo ICBA’s CBDC concerns during hearing
Members of Congress from both parties raised concerns about the impact of a U.S. central bank digital currency on community banks after ICBA told lawmakers it opposes the digital dollar.
ICBA, State Associations Urge COMPETES Act Conference to Retain House-Passed SAFE Banking Act
The Independent Community Bankers of America and a coalition of 44 state community banking associations today called on Congress to include in the America COMPETES Act conference report...
ICBA Names Community Banker and Former Regulator Anne Balcer as New Head of Government Relations
ICBA today announced that Anne Balcer, executive VP, general counsel and internal auditor for Forbright Bank, in Chevy Chase, Md., will succeed ICBA Senior Executive VP of Government Relations and...
ICBA: FDIC framework could pose unintended consequences for community businesses
ICBA wrote to the FDIC to share its concerns with the agency’s proposed climate risk management framework for large banks, which could limit and discourage financial institutions from doing...
Grassroots push on credit union bill continues
ICBA continues calling on community bankers to urge their lawmakers to oppose legislation that would expand credit unions’ fields of membership and commercial lending powers.
Blog: Expanding interchange price control puts fraud protections at risk
Efforts by “big box” merchants seeking to extend debit card interchange price controls to the credit card market jeopardize investments in protections and security that defend cardholders from...
FDIC climate comment letters due today
Today is the deadline for community bankers to submit personalized comment letters to the FDIC on its draft statement of principles for climate-related financial risk management for large financial...
ICBA, Independent Banker Honor Community Bank Emerging Leaders in Annual 40 under 40 List
Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America (ICBA), announced its 40 Under 40: Emerging Community Bank Leaders.
FDIC climate comment letters due this week
Community bankers have until this Friday, June 3, to submit personalized comment letters to the FDIC on its draft statement of principles for climate-related financial risk management for large...
SEC, CFTC leaders propose joint crypto roundtables
Securities and Exchange Commission and Commodity Futures Trading Commission officials called on their agencies to hold joint roundtables to consider regulations governing digital assets.
One week left for FDIC climate comment letters
Community bankers have one week left to submit personalized comment letters to the FDIC on its draft statement of principles for climate-related financial risk management for large financial...
Joey Arnone Named ICBA Director of Product Strategy
ICBA today announced the hire of Joey Arnone as director of product strategy for vendor relations.
FDIC climate comment letters due next week
Next week is the deadline for community bankers to submit personalized comment letters to the FDIC on its draft statement of principles for climate-related financial risk management for large...
House hearing this week on central bank digital currency
After ICBA last week expressed opposition to the establishment of a U.S. central bank digital currency, a House hearing this week will focus on CBDC benefits and risks.
ICBA requests records on CFPB’s 1071 rulemaking
ICBA and other groups filed a Freedom of Information Act request seeking Consumer Financial Protection Bureau records on its implementation of Section 1071 of the Dodd-Frank Act.
Statement on Confirmation of Sandra Thompson for FHFA Director
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey released the following statement on the Senate confirmation of Sandra Thompson for Federal Housing Finance...
ICBA urges agency consistency, innovation to promote banking access
ICBA encouraged federal banking regulators to take several steps to increase services to unbanked and underbanked households.
ICBA’s FDIC climate principles comment campaign continues
ICBA continues calling on community bankers to submit personalized comment letters to the FDIC on its draft statement of principles for climate-related financial risk management for large financial...
Former NCUA official continues targeting credit union acquisitions
A former National Credit Union Administration official continued an ongoing series of blog posts raising concerns over credit union acquisitions.
ICBA Opposes U.S. Central Bank Digital Currency
The Independent Community Bankers of America (ICBA) today expressed its opposition to the establishment of a U.S. central bank digital currency.
Strong favorability fuels successful Capital Summit: blog
New polling conducted by Morning Consult supported community banker meetings with policymakers at the recent 2022 ICBA Capital Summit, according to ICBA’s latest blog post.
ICBA opposes U.S. central bank digital currency
ICBA expressed opposition to the establishment of a U.S. central bank digital currency. In a comment letter to the Federal Reserve, ICBA said a U.S.
Agencies confirm updated flood insurance Q&As are guidance
Federal regulators issued revised questions and answers regarding federal flood insurance law and the agencies’ implementing regulations.
Financial Trades Support Modified SEC Cyber Incident Disclosure Proposal to Aid Law Enforcement and Support Remediation Efforts
ICBA, American Bankers Association, Bank Policy Institute, and Mid-Size Bank Coalition of America commented yesterday on a SEC proposal that would implement new requirements for financial...