Shaping Policy So Community Banks Can Innovate
ICBA Expert Contact
Ensure a Level Playing Field
As banks and fintechs increasingly collaborate to deliver accessible, efficient, and inclusive financial products, it is essential that lawmakers and regulators adopt policies that both recognize the benefits of fintech partnerships and address emerging risks.
ICBA policy recommendations would achieve those policies by:
Reinstituting frequently asked questions as an addendum to the guidance.
Utilizing dormant authority provided under the Bank Service Company Act.
Modernizing CSI rules and guidance to engage the full compliance ecosystem without expanding the regulatory perimeter.
Periodically publishing supervisory highlights.
Permitting and acknowledging the use of shared due diligence and standard setting organizations that leverage economies of scale.
Jump to Related Policy Positions
- Innovation, Payments and Banking Technology
- Core Processors
- Data and Cyber Security
- Cyber Incidents and Breaches
- Customer Data Access and Open Banking
- Artificial Intelligence
- Supervisory Environment
- Tiered Regulation for Community Banks
- Preserving the Independence of Banking Agencies
- Payments Access, Choice, and Governance
- Instant Payments
- Payment Cards