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ICBA Statement on Community Reinvestment Act Final Rule
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s interagency final rule on Community Reinvestment Act modernization.
House GOP elects Rep. Mike Johnson as new speaker
House Republicans elected Rep. Mike Johnson (R-La.) as the 56th speaker of the House of Representatives.
CFPB targets credit card interest, fees in latest report
The Consumer Financial Protection Bureau said total outstanding credit card debt eclipsed $1 trillion last year for the first time since the CFPB began collecting this data.
Regulators approve Community Reinvestment Act final rule
Federal regulators issued an interagency final rule to reform Community Reinvestment Act regulations.
Fed meeting today on revising debit interchange fee cap
The Federal Reserve Board is scheduled to meet at 1 p.m. (Eastern time) today on proposed revisions to the agency’s debit interchange fee cap.
New risk management subgroup on ICBA Community
ICBA launched a new risk management subgroup on its ICBA Community online platform.
AI webinar bundle starts this week
ICBA this week kicks off a new webinar series to provide community bankers a primer on artificial intelligence.
Blog post: the evolving domestic regulatory environment for digital assets
A new ICBA blog post discusses the pursuit of policy initiatives around digital assets by prudential regulators, the White House, and the Treasury Department.
ICBA, groups urge Fed to reject changes to debit card interchange fees
ICBA and other groups urged the Federal Reserve Board to reject merchant requests for further changes to Regulation II governing debit card interchange fees during this week’s board meeting.
Regulators extend comment deadlines on megabank capital proposals
Federal regulators extended the comment deadline on their proposal to implement stricter regulatory capital standards on banks over $100 billion in assets while the Federal Reserve collects...
New Letter: ICBA, Financial Trades Call on Fed to Reject Requests for Changes to Debit Card Interchange Fees
ICBA and a coalition that includes organizations representing the vast majority of federally-regulated financial institutions urged the Fed to reject merchant requests for further changes to...
FinCEN proposes designating crypto mixers as money-laundering concern
The Financial Crimes Enforcement Network issued a proposed rule that identifies international convertible virtual currency mixing as a primary money-laundering concern.
Administration, Congress target crypto role in terror attacks
Policymakers announced efforts to address the role of crypto-assets in the Oct. 7 Hamas attacks on Israel.
Fed meeting next week on revising debit interchange fee cap
The Federal Reserve Board scheduled a meeting for next week on proposed revisions to the agency’s debit interchange fee cap.
Agencies issue anti-ransomware guidance
The Cybersecurity and Infrastructure Security Agency and other agencies released an updated version of the joint #StopRansomware Guide. The update includes new prevention tips, revised response...
Agencies meeting next week on CRA reform, climate risk
The Federal Reserve Board and FDIC board of directors scheduled meetings for next week on two high-profile regulatory issues: the Community Reinvestment Act and climate risk.
Fed’s Bowman: CBDC benefits remain unclear
Federal Reserve Governor Michelle Bowman said she has yet to see a compelling argument that a U.S. central bank digital currency could address payments system problems more effectively,...
New blog post: Crypto concerns renew digital assets policy debate
A new ICBA blog post recaps the significant upheaval in the digital assets market over the past year and what it means for Washington’s response.
FHFA’s Thompson addresses rise in enterprise repurchase requests
Federal Housing Finance Agency Director Sandra Thompson recognized mortgage lenders’ concerns with rising repurchase requests from Fannie Mae and Freddie Mac, though she said requests have declined...
ICBA plan to promote mortgage affordability makes news
ICBA’s joint proposal to reduce mortgage rates by an estimated 100 to 150 basis points is making news.