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CFPB expands survey of credit card issuers

The Consumer Financial Protection Bureau announced an updated survey of credit card issuers designed to help consumers and families compare interest rates and other features when shopping for a new...

Mar 22, 2023
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Article
Compliance

CFPB updates rules with agency contact info

The Consumer Financial Protection Bureau issued a final rule to make non-substantive corrections and updates to federal agency contact information in Regulations B, E, F, J, V, X, Z, and DD.

Mar 20, 2023
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Article
Compliance

Romero Rainey: ICBA fighting for community banks

ICBA continues to distinguish community banks from larger and riskier financial institutions among policymakers and the media in the wake of recent large bank failures, ICBA President and CEO...

Mar 20, 2023
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Article
Too-Big-To-Fail/Systemic Risk

FDIC announces Signature Bank buyer

The FDIC announced a purchase-and-assumption agreement with Flagstar Bank of Hicksville, N.Y., for substantially all deposits and certain loan portfolios of Signature Bridge Bank.

Mar 20, 2023
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Article
Too-Big-To-Fail/Systemic Risk

Georgia Banker Elected ICBA Chairman

Derek B. Williams, president and CEO of Century Bank & Trust in Milledgeville, Ga., was elected chairman of the Independent Community Bankers of America for 2023-24. His term begins March 16 at the...

Mar 16, 2023
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Article

ICBA Announces 2023-24 Executive Committee

The Independent Community Bankers of America® (ICBA) today announced the election of its 2023-24 Executive Committee during the 2023 ICBA LIVE national convention in Honolulu.

Mar 16, 2023
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Article
Advocacy

NCUA considering ICBA-opposed subordinated debt today

With the National Credit Union Administration meeting today on a rule to relax restrictions on issuing subordinated debt, a former NCUA official raised concerns in a recent blog post.

Mar 16, 2023
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Article
Credit Unions

FedNow Service will launch in July

The Federal Reserve is scheduled to launch its FedNow Service in July, Fed officials announced at ICBA LIVE 2023 in Hawaii.

Mar 16, 2023
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Article
Federal Reserve

Incoming ICBA Chairman Derek Williams: Community Banking Light Continues to Burn Bright

Incoming Independent Community Bankers of America Chairman Derek Williams urged community banks attending ICBA LIVE to fuel a legacy of compassion, courage and commitment that attracts and inspires...

Mar 16, 2023
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Article
Advocacy Community Bank Awareness

ICBA’s Romero Rainey: Community Bank-Focused Advocacy, Innovation, Education Will Light the Way

During her keynote speech at ICBA LIVE, ICBA President and CEO Rebeca Romero Rainey today told community bankers that ICBA’s advocacy, education and innovative efforts are driven by community...

Mar 15, 2023
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Article
Advocacy

ICBA: Silicon Valley Bank and the Nation’s Largest Banks Are Not Community Banks

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued this response following a joint statement released from the Treasury Department, FDIC, and Federal...

Mar 13, 2023
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Article
Deposit Insurance

ICBA voicing community bank resiliency amid banking industry developments

Amid a series of developments following the closure of Silicon Valley Bank on Friday, ICBA said it is ensuring the community banking voice is being heard while it reminded consumers they can bank...

Mar 13, 2023
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Article
Advocacy

ICBA, groups urge Congress to oppose proposed tax hikes

ICBA and other groups called on Congress to oppose the more than $4 trillion in proposed tax increases targeting Main Street businesses in the Biden administration’s new fiscal 2024 budget.

Mar 13, 2023
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Article
Taxes & Budget

ICBA Commends Federal Reserve for Reviewing Silicon Valley Bank Oversight

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s announcement from the Federal Reserve.

Mar 14, 2023
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Article
Deposit Insurance

ICBA LIVE Kicks Off Today: “Light the Fire. Light the Way” Illuminates the Path Forward for Community Banks

Starting today, community bankers and industry leaders from across the country will gather for the 2023 Independent Community Bankers of America (ICBA) national convention, ICBA LIVE, at Hilton...

Mar 13, 2023
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Article

House committee starts flood insurance reauthorization process

The House Financial Services Committee kicked off its efforts to reauthorize the National Flood Insurance Program before it expires Sept. 30.

Mar 13, 2023
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Article
Flood Insurance Compliance

Latest ICBA podcast spotlights cybersecurity collaboration

The latest episode of ICBA’s “Independent Banker” podcast spotlights cybersecurity collaborations and how to turn vendor relationships into true partnerships to maximize value.

Mar 10, 2023
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Article
Cybersecurity Technology

ICBA’s Balcer discusses Durbin Amendment expansion on podcast

ICBA chief of government relations and public policy Anne Balcer appeared on the “Coffee with Closers” podcast to discuss top community bank advocacy priorities, including opposing efforts to apply...

Mar 10, 2023
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Article
Credit Cards Lending

FDIC issues guidance on Fair Hiring in Banking Act

The FDIC released a Financial Institution Letter on amendments to Section 19 of the Federal Deposit Insurance Act under the Fair Hiring in Banking Act.

Mar 10, 2023
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Article
Compliance

CFPB seeking input on impact of mortgage loan originator rules

The Consumer Financial Protection Bureau requested feedback on the economic impact of its mortgage loan originator rules on small mortgage companies.

Mar 13, 2023
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Article
Compliance