ICBA issues comprehensive CRA summary, reschedules briefing

ICBA released a comprehensive summary of the recently released interagency final rule to reform Community Reinvestment Act regulations.

Comprehensive Summary: The new summary recaps the new rule’s coverage, assessment areas, new tests, community development credit, recordkeeping requirements, and more. ICBA previously released a high-level summary of the nearly 1,500-page rule.

Briefing Rescheduled: ICBA separately rescheduled a community bank briefing on the CRA rule. The briefing is now slated for 10 a.m. (Eastern time) Tuesday, Nov. 28.

Previous News

  • ICBA Supports FDIC Special Assessment’s Community Bank Exemption

    Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Federal Deposit Insurance Corporation’s final rule implementing special assessments for the resolutions of Silicon Valley Bank and Signature Bank of New York.

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    Nov 17, 2023

  • FDIC finalizes community bank special assessment exemption

    The FDIC board of directors voted 3-2 to approve its special assessment to replenish the Deposit Insurance Fund with an ICBA-supported exemption for the vast majority of community banks.

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    Nov 17, 2023

  • ICBA meets with Fed on re-presentment concerns

    ICBA leadership community bankers and staff met with Federal Reserve officials on banking regulators’ supervisory approach to how banks assess fees on items that are repeatedly rejected for insufficient funds.

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    Nov 17, 2023


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