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With FDIC Acting Chairman Martin Gruenberg telling Congress this week that he expects regulators to release a final rule modernizing Community Reinvestment Act regulations during the early part of next year, ICBA reiterated its call for the federal banking agencies to issue a uniform rule that minimizes new data collection and reporting burdens for community banks.
Reporting Burdens: In a national news release, ICBA said any major regulatory overhaul will inevitably create disproportionate implementation costs for community banks.
Tailored Rule: “Regulators should continue working to tailor CRA modernization, simplify compliance for community banks, and ensure their final rule meets the needs of all community banks and the communities they serve—as ICBA advocated in its August comment letter,” ICBA President and CEO Rebeca Romero Rainey said. Read more.
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ICBA expressed support for a new bipartisan letter from members of Congress urging the Federal Housing Finance Agency to align its capital rules with those of federal banking regulators to avoid penalizing community banks for supporting local communities during the COVID-19 pandemic.
ImageDec 2, 2022
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 credit card fee schedules.
ImageDec 2, 2022
The Independent Community Bankers of America (ICBA) expressed support for a new bipartisan letter from members of Congress urging the Federal Housing Finance Agency to align its capital rules with those of federal banking regulators to avoid penalizing community banks for supporting local communities during the COVID-19 pandemic.
ImageDec 1, 2022
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