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Week in Washington: Fed’s Waller shares economic outlook, hearings on housing supply, capital access

Registration is open for the 2024 ICBA Capital Summit, the industry’s premier advocacy event scheduled for April 28-May 1 in Washington, D.C.

Jan 16, 2024
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Article

‘Tell Your Story’ Toolkit offers resources for 2024

ICBA’s complimentary "Tell Your Story" Marketing Communications Toolkit offers new and updated resources to help community banks plan for the year ahead.

Jan 16, 2024
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Article
Marketing

ICBA, Travelers Celebrate Program’s 40th Anniversary with 22nd Dividend Payout

ICBA announced that its partnership with Travelers, which celebrated 40 years in 2023, will provide its 22nd consecutive annual dividend, bringing its total payout to more than $80 million for...

Jan 17, 2024
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Article

ICBA Statement on Overdraft Proposed Rule’s Community Bank Exemption

ICBA President and CEO Rebeca Romero Rainey issued the following statement on today’s Consumer Financial Protection Bureau proposed rule on overdraft services, which would exempt community banks...

Jan 17, 2024
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Article
Consumer Financial Protection Bureau (CFPB)

‘40 Under 40’ nominations now open

ICBA Independent Banker opened nominations for its 2024 “40 Under 40: Community Bank Leaders” awards.

Jan 16, 2024
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Article

Senators seek agency review of Navy Federal lending disparities

Senate Banking Committee Chairman Sherrod Brown and other Democratic members of the panel called on federal agencies to review Navy Federal Credit Union’s mortgage lending practices following...

Jan 12, 2024
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Article
Credit Unions

ICBA Statement on Tax-Exempt Credit Union Acquisitions of Tax-Paying Community Banks

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on recent acquisitions of tax-paying community banks by tax-exempt credit unions.

Jan 11, 2024
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Article
Credit Unions

ICBA urges action on credit unions following latest community bank acquisition

Following the latest report of a credit union acquisition of a tax-paying community bank, ICBA continued its call for Congress to investigate the credit union tax exemption.

Jan 11, 2024
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Article
Credit Unions

SEC approves bitcoin-based exchange-traded funds

The Securities and Exchange Commission approved a series of proposed rule changes that will allow for the listing and trading of bitcoin-based products on national securities exchanges.

Jan 11, 2024
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Article
Security

Six payment trends for 2024 featured in new blog post

A new blog post from ICBA Payments President and CEO Tina Giorgio spotlights six key payments trends that will help community banks ease regulatory and economic pressure in 2024.

Jan 16, 2024
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Article

CFPB issues guidance to consumer reporting companies

The Consumer Financial Protection Bureau issued guidance to consumer reporting companies to address inaccurate background check reports and credit file sharing practices.

Jan 12, 2024
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Article
Consumer Financial Protection Bureau (CFPB) Compliance

Blog post details six payment trends for 2024

A new blog post from ICBA Payments President and CEO Tina Giorgio spotlights six key payments trends that will help community banks ease regulatory and economic pressure in 2024.

Jan 12, 2024
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Article

ICBA hits back after second credit union acquisition in two days

Following the second report of a historically large credit union acquisition of a tax-paying community bank in as many days, ICBA once again called on Congress to investigate.

Jan 12, 2024
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Article
Credit Unions

ICBA briefs GAO on authorized payment fraud

ICBA this week met with Government Accountability Office officials to discuss authorized payment fraud, in which scammers dupe consumers into authorizing payments.

Jan 12, 2024
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Article
Consumer Financial Protection Bureau (CFPB)

CFPB report on credit reporting rulemaking includes ICBA input

The Consumer Financial Protection Bureau released a report on its small-business review ahead of issuing new rules under the Fair Credit Reporting Act.

Jan 11, 2024
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Article
Consumer Financial Protection Bureau (CFPB) Compliance

ICBA Capital Summit registration open

Registration is open for the 2024 ICBA Capital Summit, the industry’s premier advocacy event scheduled for April 28-May 1 in Washington, D.C.

Jan 11, 2024
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Article

Senate short of votes to override 1071 veto

The Senate fell short of the two-thirds majority needed to override President Joe Biden’s veto of a resolution to overturn the Consumer Financial Protection Bureau’s Section 1071 rule, despite...

Jan 11, 2024
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Article
Consumer Financial Protection Bureau (CFPB)

ICBA pressing grassroots as senators push for credit card routing hearing

With senators pushing for a hearing as soon as next month on ICBA-opposed legislation to impose credit card routing restrictions, ICBA is calling on community bankers to urge their members of...

Jan 10, 2024
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Article
Credit Cards

ICBA supports proposed CFPB oversight of Big Tech firms

ICBA expressed support for a Consumer Financial Protection Bureau proposed rule that would establish bureau oversight of Big Tech firms and other large nonbank tech companies that offer payments...

Jan 10, 2024
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Article
Consumer Financial Protection Bureau (CFPB)

FinCEN reports on Identity-Related Suspicious Activity

The Financial Crimes Enforcement Network said 42% of the Bank Secrecy Act reports filed in 2021 related to identity, indicating $212 billion in identity-related exploitations through various schemes.

Jan 10, 2024
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Article
Financial Crimes Enforcement Network (FinCEN)