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Gruenberg: Efforts to expand banking access making an impact
FDIC research suggests that efforts to connect unbanked consumers to the banking system are having an effect, FDIC Chairman Martin Gruenberg said.
Bowman: Policy response to bank failures shouldn’t undermine tiered regulation
Policymakers should ensure the response to recent bank failures does not undermine regulatory tailoring and risk-based supervision, Federal Reserve Governor Michelle Bowman said.
Wholesale CBDC could speed cross-border payments: N.Y. Fed report
A wholesale central bank digital currency could enable faster, simultaneous, and safer cross-border payments, according to a new report from the Federal Reserve Bank of New York and the Monetary...
House panel meeting this week on FHFA, megabanks
While the Senate is not in session this week, the House Financial Services Committee has two hearings scheduled.
ICBA to Congress: SBA Should Pause 7(a) Rule
ICBA today told Congress that the Small Business Administration should pause new rules lifting the moratorium on the number of non-federally regulated institutions, including nonbank fintech...
CFPB issues small entity guide on 1071 rule
The Consumer Financial Protection Bureau issued a small entity compliance guide on the bureau’s Section 1071 rule on small-business data collection and reporting.
ICBA Releases 2023 Community Banking Policy Resolutions
ICBA today released its legislative and regulatory policy objectives for 2023 during the ICBA Capital Summit. Developed and approved by ICBA volunteer community bankers, these resolutions will...
ICBA-backed bill offering tax relief for rural lending introduced
ICBA expressed its strong support for the House introduction of legislation to exempt from taxation interest income on farm real estate and rural mortgage loans.
CFPB issues guidance on reopening closed deposit accounts
The Consumer Financial Protection Bureau issued a circular affirming that banks might violate federal law if they unilaterally reopen a deposit account to process transactions after a consumer has...
ICBA Capital Summit speakers finalized
Treasury Secretary Janet Yellen and Consumer Financial Protection Bureau Director Rohit Chopra are among the speakers set to address next week’s 2023 ICBA Capital Summit in Washington, D.C.
92% of eligible individuals received Economic Impact Payment: study
Pandemic-era Economic Impact Payments reached 92% of potentially eligible individuals, according to a report from federal researchers.
ICBA Announces Staff Promotions
The Independent Community Bankers of America (ICBA) today announced several staff promotions in recognition of their efforts to support the nation’s community banks.
ICBA to CFPB: Withdraw proposed rule on credit card late fees
ICBA called on the Consumer Financial Protection Bureau to withdraw its proposed rule on credit card fees for late payments.
Nation’s Community Bankers Meet in Washington for ICBA Capital Summit
The Independent Community Bankers of America (ICBA) will host hundreds of community bank leaders during the 2023 ICBA Capital Summit May 14-17 in the nation’s capital.
ICBA Statement on SEC Pledge to Combat Financial Market Manipulation
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on financial market manipulation.
ICBA proposes new USDA Express loan program in congressional testimony
ICBA testified before Congress on its new proposal for a USDA program that would speed up loan approval times and thereby enhance access to credit in rural communities.
Romero Rainey, Giorgio again named top Washington influencers
ICBA President and CEO Rebeca Romero Rainey and ICBA Bancard President and CEO Tina Giorgio were again named to Washingtonian magazine’s list of the 500 Most Influential People in the nation’s...
Senators distinguish failed banks from rest of industry
Senate Banking Committee leaders differentiated recently failed financial institutions from the broader banking industry during a committee hearing on holding executives accountable.
ICBA continues distinguishing community banks in national media
ICBA continued to differentiate community banks from larger financial institutions in the news media following the failure of First Republic Bank.
ICBA Urges CFPB to Withdraw Proposed Rule on Credit Card Late Fees
ICBA called on the Consumer Financial Protection Bureau to withdraw its proposed rule on credit card fees for late payments, saying the proposed rule sends the wrong message that punctual credit...