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CFPB expands survey of credit card issuers
The Consumer Financial Protection Bureau announced an updated survey of credit card issuers designed to help consumers and families compare interest rates and other features when shopping for a new...
CFPB updates rules with agency contact info
The Consumer Financial Protection Bureau issued a final rule to make non-substantive corrections and updates to federal agency contact information in Regulations B, E, F, J, V, X, Z, and DD.
Romero Rainey: ICBA fighting for community banks
ICBA continues to distinguish community banks from larger and riskier financial institutions among policymakers and the media in the wake of recent large bank failures, ICBA President and CEO...
FDIC announces Signature Bank buyer
The FDIC announced a purchase-and-assumption agreement with Flagstar Bank of Hicksville, N.Y., for substantially all deposits and certain loan portfolios of Signature Bridge Bank.
Georgia Banker Elected ICBA Chairman
Derek B. Williams, president and CEO of Century Bank & Trust in Milledgeville, Ga., was elected chairman of the Independent Community Bankers of America for 2023-24. His term begins March 16 at the...
ICBA Announces 2023-24 Executive Committee
The Independent Community Bankers of America® (ICBA) today announced the election of its 2023-24 Executive Committee during the 2023 ICBA LIVE national convention in Honolulu.
NCUA considering ICBA-opposed subordinated debt today
With the National Credit Union Administration meeting today on a rule to relax restrictions on issuing subordinated debt, a former NCUA official raised concerns in a recent blog post.
FedNow Service will launch in July
The Federal Reserve is scheduled to launch its FedNow Service in July, Fed officials announced at ICBA LIVE 2023 in Hawaii.
Incoming ICBA Chairman Derek Williams: Community Banking Light Continues to Burn Bright
Incoming Independent Community Bankers of America Chairman Derek Williams urged community banks attending ICBA LIVE to fuel a legacy of compassion, courage and commitment that attracts and inspires...
ICBA’s Romero Rainey: Community Bank-Focused Advocacy, Innovation, Education Will Light the Way
During her keynote speech at ICBA LIVE, ICBA President and CEO Rebeca Romero Rainey today told community bankers that ICBA’s advocacy, education and innovative efforts are driven by community...
ICBA: Silicon Valley Bank and the Nation’s Largest Banks Are Not Community Banks
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued this response following a joint statement released from the Treasury Department, FDIC, and Federal...
ICBA voicing community bank resiliency amid banking industry developments
Amid a series of developments following the closure of Silicon Valley Bank on Friday, ICBA said it is ensuring the community banking voice is being heard while it reminded consumers they can bank...
ICBA, groups urge Congress to oppose proposed tax hikes
ICBA and other groups called on Congress to oppose the more than $4 trillion in proposed tax increases targeting Main Street businesses in the Biden administration’s new fiscal 2024 budget.
ICBA Commends Federal Reserve for Reviewing Silicon Valley Bank Oversight
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s announcement from the Federal Reserve.
ICBA LIVE Kicks Off Today: “Light the Fire. Light the Way” Illuminates the Path Forward for Community Banks
Starting today, community bankers and industry leaders from across the country will gather for the 2023 Independent Community Bankers of America (ICBA) national convention, ICBA LIVE, at Hilton...
House committee starts flood insurance reauthorization process
The House Financial Services Committee kicked off its efforts to reauthorize the National Flood Insurance Program before it expires Sept. 30.
Latest ICBA podcast spotlights cybersecurity collaboration
The latest episode of ICBA’s “Independent Banker” podcast spotlights cybersecurity collaborations and how to turn vendor relationships into true partnerships to maximize value.
ICBA’s Balcer discusses Durbin Amendment expansion on podcast
ICBA chief of government relations and public policy Anne Balcer appeared on the “Coffee with Closers” podcast to discuss top community bank advocacy priorities, including opposing efforts to apply...
FDIC issues guidance on Fair Hiring in Banking Act
The FDIC released a Financial Institution Letter on amendments to Section 19 of the Federal Deposit Insurance Act under the Fair Hiring in Banking Act.
CFPB seeking input on impact of mortgage loan originator rules
The Consumer Financial Protection Bureau requested feedback on the economic impact of its mortgage loan originator rules on small mortgage companies.
ICBA: Consumers Can Bank with Confidence at Community Banks
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued a statement on today’s bank closure.
USDA budget would fund $5.6B guaranteed farm loans, $2B for B&I guarantees
The USDA’s portion of the Biden administration’s proposed fiscal 2024 budget would provide $5.6 billion in guaranteed farm operating and ownership loans, the same amount USDA recommended for the...
House members raise concerns with CFPB’s 1071 rule
Several members of Congress expressed concerns with the community bank impact of the Consumer Financial Protection Bureau’s pending rule implementing Section 1071 small-business reporting...
ICBA Selects the Plateau Group as a Preferred Service Provider for Payment Protection Insurance
The Independent Community Bankers of America today announced the continuation of its long-standing affiliation with the Plateau Group, first established through its partnership with ICBA...
ICBA Bancard Names Executive Vice President of Client Engagement and Business Development
ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America, today announced Alicia Marrone as executive vice president of client engagement and business...
Why community banks should urge updates to TRID mortgage disclosures: blog
ICBA encourages community bankers to submit comments urging the Consumer Financial Protection Bureau to test and ultimately adopt an ICBA proposal to update mortgage disclosures, ICBA’s Ron Haynie...
ICBA Calls for Research on Digital Asset Impact on Community Banks
The Independent Community Bankers of America (ICBA) called on the federal government to support and prioritize research on the specific effects of digital assets on community banks and their...
Fintech Application Period Kicks Off for ICBA ThinkTECH Accelerator
The Independent Community Bankers of America officially kicked off its application period for initial 2023 ICBA ThinkTECH Accelerator program, with a focus on deposit gathering and retention, and...
ICBA backs bill to strengthen CFPB cost-benefit analysis
ICBA expressed support for newly reintroduced House legislation that would require a thorough cost-benefit analysis for proposed Consumer Financial Protection Bureau rules.
ICBA calls for research on community bank impact of digital assets
ICBA called on the federal government to support and prioritize research on the specific effects of digital assets on community banks and their customers.
ICBA Statement on Fannie Mae and Freddie Mac 2022 Earnings Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the 2022 earnings releases from Fannie Mae and Freddie Mac.
Waller warns banks of crypto risks while PayPal pauses stablecoin work
Federal Reserve Governor Christopher Waller said banks engaging with crypto customers should be “very clear” about the customers’ business models, risk-management systems, and corporate governance...
OCC’s Hsu: Herfindahl-Hirschman Index review on the table
Prepared remarks from Acting Comptroller of the Currency Michael Hsu reiterated his push for regulators to review federal frameworks for bank mergers.
ICBA accepting service award nominations
ICBA is accepting nominations for its National Community Bank Service Award program recognizing community banks that provide outstanding volunteer services to local communities.
ICBA urging comments supporting updated TRID disclosures
ICBA is encouraging community bankers to call on the Consumer Financial Protection Bureau to adopt an ICBA proposal to improve mortgage disclosures required under TILA-RESPA Integrated Disclosure...
Treasury lays out objectives of CBDC working group
A Treasury-led interagency working group charged with advancing work on a possible U.S. central bank digital currency has narrowed its objectives into three key policy areas, Treasury's Nellie...
Special-purpose nonbank Custodia continues push for Fed master account
Custodia Bank is reportedly continuing its effort to procure a master account with the Federal Reserve after the special-purpose depository institution was denied last month.
Report on cross-border settlements could influence CBDC debate
The Bank for International Settlements issued a report to help central banks extend operating hours for real-time gross settlement systems to reduce delays in cross-border payments settlement.
OCC updates change-in-control booklet
The OCC issued a revised version of the “Change In Bank Control” booklet of the Comptroller’s Licensing Manual.
ICBA to FDIC: Exercise duty to deny ILC applications
ICBA called on the FDIC to deny pending deposit insurance applications from industrial loan companies, citing the outsized risks ILCs pose to the Deposit Insurance Fund, financial stability, and...