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House hearing this week on central bank digital currency

After ICBA last week expressed opposition to the establishment of a U.S. central bank digital currency, a House hearing this week will focus on CBDC benefits and risks.

May 24, 2022
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Article
Digital Assets Technology

ICBA requests records on CFPB’s 1071 rulemaking

ICBA and other groups filed a Freedom of Information Act request seeking Consumer Financial Protection Bureau records on its implementation of Section 1071 of the Dodd-Frank Act.

May 27, 2022
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Article
Compliance

Statement on Confirmation of Sandra Thompson for FHFA Director

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey released the following statement on the Senate confirmation of Sandra Thompson for Federal Housing Finance...

May 25, 2022
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Article
Federal Housing Finance Agency

ICBA urges agency consistency, innovation to promote banking access

ICBA encouraged federal banking regulators to take several steps to increase services to unbanked and underbanked households.

May 24, 2022
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Article
Commerce & Banking

ICBA’s FDIC climate principles comment campaign continues

ICBA continues calling on community bankers to submit personalized comment letters to the FDIC on its draft statement of principles for climate-related financial risk management for large financial...

May 23, 2022
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Article
Climate

Former NCUA official continues targeting credit union acquisitions

A former National Credit Union Administration official continued an ongoing series of blog posts raising concerns over credit union acquisitions.

May 23, 2022
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Article
Credit Unions

ICBA Opposes U.S. Central Bank Digital Currency

The Independent Community Bankers of America (ICBA) today expressed its opposition to the establishment of a U.S. central bank digital currency.

May 20, 2022
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Article
Digital Assets Payments

Strong favorability fuels successful Capital Summit: blog

New polling conducted by Morning Consult supported community banker meetings with policymakers at the recent 2022 ICBA Capital Summit, according to ICBA’s latest blog post.

May 20, 2022
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Article
Community Bank Awareness

ICBA opposes U.S. central bank digital currency

ICBA expressed opposition to the establishment of a U.S. central bank digital currency. In a comment letter to the Federal Reserve, ICBA said a U.S.

May 23, 2022
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Article
Digital Assets Technology

Agencies confirm updated flood insurance Q&As are guidance

Federal regulators issued revised questions and answers regarding federal flood insurance law and the agencies’ implementing regulations.

May 19, 2022
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Article
Compliance

Financial Trades Support Modified SEC Cyber Incident Disclosure Proposal to Aid Law Enforcement and Support Remediation Efforts

ICBA, American Bankers Association, Bank Policy Institute, and Mid-Size Bank Coalition of America commented yesterday on a SEC proposal that would implement new requirements for financial...

May 10, 2022
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Article
Risk Cybersecurity

CFPB: Equal Credit Opportunity Act protects borrowers after loan

The Consumer Financial Protection Bureau published an advisory opinion affirming that the Equal Credit Opportunity Act bars lenders from discriminating against customers after they have received a...

May 10, 2022
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Article
Compliance

ICBA offers custom marketing-comms resources for May

ICBA’s Tell Your Story marketing and communications toolkit offers new and updated resources to engage consumers in May.

May 10, 2022
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Article

OCC’s Hsu: Regulators should change approach to mergers

OCC’s Hsu: Regulators should change approach to mergers Acting Comptroller of the Currency Michael Hsu said he has directed senior OCC staff to work with the Justice Department and other agencies...

May 10, 2022
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Article
Office of the Comptroller of Currency (OCC)

ICBA Statement on Proposal to Modernize Community Reinvestment Act Framework

ICBA President and CEO Rebeca Romero Rainey released the following statement on today’s interagency proposed rule to modernize Community Reinvestment Act regulations.

May 05, 2022
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Article
Community Reinvestment Act (CRA)

ICBA pressing comment letters on FDIC climate principles

ICBA continues calling on community bankers to submit personalized comment letters to the FDIC on its draft statement of principles for climate-related financial risk management for large financial...

May 20, 2022
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Article
Climate

ICBA speaks out against FDIC supervisory appeals reversal

ICBA expressed disappointment that the FDIC eliminated the independent Office of Supervisory Appeals and restored the Supervision Appeals Review Committee as the final level of review in the...

May 20, 2022
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Article
Compliance

ICBA Statement on FDIC Restoration of Supervision Appeals Review Committee

ICBA President and CEO Rebeca Romero Rainey issued the following statement after the FDIC board of directors voted to restore the agency’s Supervision Appeals Review Committee.

May 19, 2022
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Article

ICBA Statement on Death of John Ryan

ICBA President and CEO Rebeca Romero Rainey released the following statement on the death of Conference of State Bank Supervisors President and CEO John Ryan.

May 19, 2022
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Article

ICBA Encourages Consumers to Support America’s Entrepreneurs During National Small Business Week

ICBA joins the nation’s community banks in celebrating National Small Business Week (May 1-7) and showing their support for locally owned and operated businesses.

May 04, 2022
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Article
Advocacy