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ICBA Supports Bipartisan Bill to Establish Cannabis Banking Safe Harbor
ICBA today is reiterating its strong support for bipartisan, bicameral legislation that would establish a safe harbor from federal sanctions for financial institutions that serve cannabis-related...
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...
ICBA Banker Testifies Before Senate Agriculture Committee, Announces Proposal to Establish New USDA Express Loan Program
The Independent Community Bankers of America (ICBA) today proposed a new USDA Express program to a Senate Agriculture subcommittee at a hearing focused on credit and risk management provisions in a...
ICBA: Community Banks Remain Safe, Sound, and Secure
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the closure of First Republic Bank—the latest large financial...
ICBA Statement on FDIC Report on Signature Bank of New York
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Federal Deposit Insurance Corp. report on Signature Bank of New York.
TCM Bank Promotes Agnes Nasso to Senior Vice President, Marketing and Communications
TCM Bank, N.A., the credit card bank of ICBA Bancard®, announced the promotion of Agnes Nasso from vice president of marketing to senior vice president of marketing and communications.
Romero Rainey: Contrasting views on special assessment show need for community bank voice
The American Bankers Association position that the entire banking industry is responsible for covering the cost of recent large bank failures shows why community banks need their own voice in...
ICBA testifying tomorrow on ag priorities
ICBA is scheduled to testify before Congress tomorrow on its farm bill priorities and other key proposals for the ag sector.
ICBA, groups request comment extension on late-fee proposal
ICBA and other groups asked the Consumer Financial Protection Bureau to extend the comment deadline on its proposed rule on credit card penalty fees by 45 days, to June 18.
ICBA Statement on Fed Report on Silicon Valley Bank
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Federal Reserve report on the failure of Silicon Valley Bank.
FDIC, OCC issue guidance on overdraft programs
The FDIC and OCC issued supervisory guidance on consumer compliance risks associated with bank overdraft protection programs.
CFPB issues guidance on ‘zombie mortgage’ collection tactics
The Consumer Financial Protection Bureau issued guidance on debt collectors threatening to foreclose on homes with mortgages past the statute of limitations.
OFAC sanctions individuals for cyber efforts supporting North Korea
The Treasury Department’s Office of Foreign Assets Control sanctioned three individuals for supporting North Korea via illicit financing and malicious cyber activity.
Interview discusses how to control FedNow fraud
In a new Payment Security interview, ICBA Bancard Executive Vice President and Chief Operating Officer Rebecca Kruse discusses how community banks can put anti-fraud controls in place to prepare...
Treasury calls for response to de-risking
The Treasury Department issued a strategy on de-risking, which occurs when financial institutions terminate or restrict business relationships indiscriminately with broad categories of customers...
ICBA Encourages Financial Literacy at Every Age and Life Stage
In recognition of Financial Literacy Month in April, ICBA and the nation's community banks are encouraging Americans to take control of their financial future by learning fiscally responsible...
ICBA supports FSOC votes proposing stricter standards for largest nonbanks
ICBA applauded the Financial Stability Oversight Council’s unanimous votes to propose new interpretive guidance on nonbank financial company designations and an analytic framework for identifying...
ICBA backs bill supporting mortgage applicant financial privacy
ICBA expressed support for legislation to give mortgage applicants more control over their private financial information.
ICBA Supports FSOC Vote to Propose Stricter Standards for Largest Nonbank Financial Firms
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Financial Stability Oversight Council’s recent meeting.
Recent failures not shaking consumer trust in banks: poll
The recent failures of large financial institutions has not shaken consumer trust in the banking industry, according to a new Morning Consult poll.
ICBA seeking feedback on National Campaign webinars
ICBA is requesting community banker feedback on how to focus upcoming webinars on the ICBA National Campaign.
New ICBA podcast on SVB fallout
The latest episode of ICBA’s “Independent Banker” podcast focuses on fallout from the recent failures of large banks and the opportunity for community banks to shine.
ICBA, states urge House to pass resolution nullifying 1071 rule
ICBA and 44 state community banking associations called on the House of Representatives to approve a resolution to nullify the Consumer Financial Protection Bureau’s 1071 final rule.