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The Federal Housing Finance Agency should defer to the Federal Home Loan Banks when it comes to the leadership of each bank, ICBA said.
Details: In a comment letter, ICBA cautioned the FHFA against being overly prescriptive or undermining FHLB authority to effectively populate their boards. ICBA also said that community banks should continue to have a seat at the table regarding FHLB governance.
ICBA View: ICBA has repeatedly noted that the FHLB System has worked well for over 90 years, providing community banks with liquidity to fund mortgage lending and community development projects.
Ongoing Advocacy: ICBA is working to ensure the system remains a strong, stable, and reliable source of funding based on a regional and cooperative structure that best addresses the diverse needs of its members and the local markets they serve.
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The Senate Agriculture Committee is scheduled to hold a hearing at 10:30 a.m. (Eastern time) today titled "Perspectives from the Field: Farmer and Rancher Views on the Agricultural Economy, Part 1.”
ImageFeb 5, 2025
The Independent Community Bankers of America (ICBA) today expressed strong support for legislation to overturn the Consumer Financial Protection Bureau’s small-business data collection and reporting requirements under Section 1071 of the Dodd-Frank Act.
ImageFeb 5, 2025
ICBA Vice Chairman Alice Frazier, president and CEO of Bank of Charles Town, W.Va., this week will testify before the House Small Business Committee. Helmed by Chairman Roger Williams (R-Texas), “Hope on the Horizon: Prioritizing Small Business Growth in the 119th Congress” is the committee’s first hearing of the 119th Congress.
ImageFeb 4, 2025
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