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FDIC: Unbanked households at record low
Only 4.2% of U.S. households were unbanked in 2023, according to the FDIC’s latest biennial survey of Unbanked and Underbanked Households, the lowest national unbanked rate since the survey began...
ICBA: Another credit union acquisition as policy questions mount
After the 20th credit union acquisition of a community bank this year—and another featuring a credit union crossing state lines to buy a community bank—ICBA said the record number of transactions...
ICBA: Another Taxpayer-Fueled Acquisition as Policy Questions Mount
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey today issued the following statement after the latest acquisition of a tax-paying bank by a tax-exempt credit...
FDIC to unveil online tool to promote creation of minority banks
The FDIC announced that today it will introduce an online tool to help financial institutions, investors, and other interested groups to identify neighborhoods that could benefit from banking...
ICBA publishes election analysis
With the re-election of President Donald Trump, control of the Senate shifting to Republicans, and the House still up in the air, ICBA released an analysis of the 2024 election exclusively for...
FDIC committee on economic inclusion to meet next week
The FDIC announced that its Advisory Committee on Economic Inclusion (ComE-IN) will meet at 9 a.m. (Eastern time) Wednesday, Nov. 13, in Washington, D.C.
ICBA matches $25k donation for Hurricane Relief Fund
The ICBA Foundation’s Hurricane Relief Fund—which is dedicated to supporting community bankers, their employees, and communities—continues to grow, including via a $25,000 match from ICBA.
Coming soon: Analysis of 2024 election impact on community banking
With Election Day 2024 in the books, ICBA will release an analysis of the pending election results and their impact on community banks.
ICBA matches $25k donation for Hurricane Relief Fund
The ICBA Foundation’s Hurricane Relief Fund—which is dedicated to supporting community bankers, their employees, and communities—continues to grow with generous support, including a $25,000 match...
Romero Rainey: ICBA Looks Forward to Working with Election Winners on Community Bank Policies
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the 2024 elections.
New op-ed: Don't fix what isn't broken at Federal Home Loan Banks
The Federal Housing Finance Agency’s regulatory crackdown on the Federal Home Loan Banks threatens the housing finance system at a time of high prices and limited supply, ICBA wrote in a new op-ed.
Federal working group designed to boost CDFI access to capital
The Community Development Financial Institutions Fund and the Federal Housing Finance Agency announced the formation of a working group to increase capital for affordable housing lending from the...
ICBA: Credit union penalty exemplifies consumer impact of lagging oversight
ICBA said a new regulatory action against VyStar Credit Union for harming consumers through its botched rollout of a new online banking system exemplifies the risks posed by lagging credit union...
ICBA calls for additional EGRPRA outreach meetings
ICBA commended the federal banking agencies for hosting a virtual community banker outreach meeting under their current regulatory review and called for at least three more meetings.
FSB concerned about lack of stablecoin regulation
The Financial Stability Board reiterated its calls for countries to regulate stablecoins due to concerns about users losing confidence in stablecoins, which could lead to runs on issuers.
EGRPRA grassroots letters due today
ICBA is urging community bankers to use its Be Heard grassroots action center to submit comments on the current Economic Growth and Regulatory Paperwork Reduction Act review ahead of today’s deadline.
Hurricane Relief Fund surpasses $100,000, continues vital support for community banks
The ICBA Foundation’s Hurricane Relief Fund—which is dedicated to supporting community bankers, their employees, and communities—has surpassed $100,000 in donations across five states.
EGRPRA grassroots letters due tomorrow
ICBA continues urging community bankers to use its Be Heard grassroots action center to submit comments on the current Economic Growth and Regulatory Paperwork Reduction Act review.
Former NCUA official profiles rogue credit union
A new blog post spotlights a growth-focused credit union that has rapidly expanded its footprint and obscured its declining net worth by acquiring smaller credit unions and issuing subordinated debt.
CFPB Penalty Against VyStar Credit Union Exemplifies Consumer Impact of Tax-Exempt Industry’s Lagging Regulatory Oversight
ICBA President and CEO Rebeca Romero Rainey issued the following statement after the Consumer Financial Protection Bureau took action against VyStar Credit Union for harming consumers through its...