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Gruenberg: Community bank climate strategies successful
Community banks have successfully employed strategies for managing climate-related financial risk, though the prevalence of risk will increase with climate change, FDIC Acting Chairman Martin...
FinCEN issues final rule on beneficial ownership reporting
The Financial Crimes Enforcement Network issued a final rule establishing a beneficial ownership information reporting requirement.
Wayne Miller Named SVP, Innovation Programs as ICBA Brings ThinkTECH Accelerator Program In-House
The Independent Community Bankers of America (ICBA) today announced Wayne Miller will join ICBA as senior vice president, innovation programs, effective October 17.
As Hurricane Ian makes landfall, ICBA offers community bank resources
With Hurricane Ian making landfall in Florida as a Category 4 hurricane, ICBA offers updates on its Hurricane Preparedness resource center.
Gruenberg: Community banks lead during downturns
FDIC Acting Chairman Martin Gruenberg reiterated his recent remarks that community banks have an outsized role in lending during times of distress and providing equitable access to financial services.
Fed’s Bowman: Credit union acquisitions indicate need for merger rethink
Federal Reserve Governor Michelle Bowman said the increase in credit union acquisitions of taxpaying community banks indicates regulators should rethink how they evaluate bank mergers.
Gooden-Welch Bill Prioritizes Big Box Retailers over Consumers
ICBA and other groups today sent a letter to House leaders warning that pending interchange legislation would reduce access to credit, increase security risks associated with credit card use, and...
CFPB looks to spur automated mortgage refinancing, forbearance
The Consumer Financial Protection Bureau requested feedback on ways to spur new mortgage products that streamline and automate loan refinancing.
Nacha announces framework to fight credit-push fraud
Nacha released a new strategy for payments industry participants to address scams that deceive consumers into sending payments to fraudsters under false pretenses.
ICBA urges House to reject Durbin Amendment expansion
ICBA told House leaders it strongly opposes the Credit Card Competition Act of 2022 (H.R. 8874), controversial legislation to create new credit card routing mandates that expand on Durbin Amendment...
Fed raises rates as projections reflect impact
The Federal Open Market Committee raised the federal funds rate target by another 75 basis points and released updated projections reflecting the impact of its campaign against inflation.
States demand crypto lender cease interest-bearing accounts
Several states announced cease-and-desist actions against cryptocurrency lender Nexo alleging that its interest-bearing accounts function as an unlicensed security.
ICBA urging grassroots messages opposing Durbin Amendment expansion
With ICBA-opposed legislation to expand on the Durbin Amendment now introduced in both the House and Senate, ICBA is calling on community bankers to continue the grassroots campaign against the...
Liang: Treasury-led CBDC group a work in progress
The Treasury Department is still working out the details of a Treasury-led interagency work group on considering the adoption of a U.S. central bank digital currency, Treasury Undersecretary Nellie...
As feds report on digital assets, ICBA poll suggests consumer skepticism
Following the Biden administration’s release of reports on digital assets policy, ICBA released new polling conducted by Morning Consult indicating consumers support a regulatory framework for...
Article, campaign spotlight harmful impact of Durbin Amendment expansion
ICBA-opposed legislation to create new credit card routing mandates that expand on Durbin Amendment payments interventions would dramatically affect credit card rewards programs, according to a new...
ICBA ThinkTECH alums earn Finovate honors
ICBA and The Venture Center recognized this year’s Finovate Fall 2022 Best of Show winners, LemonadeLXP and Quilo, both of which were 2022 ICBA ThinkTECH Accelerator participants.
ICBA Strongly Opposes Gooden-Welch Credit Card Bill
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the House introduction of the Credit Card Competition Act.
CFPB planning standards for nonbank ‘buy now, pay later’ lenders
The Consumer Financial Protection Bureau said it is developing consumer protections for “buy now, pay later” products similar to those that apply to credit cards.
OCC announces chief climate risk officer
The OCC announced the appointment of Yue (Nina) Chen as chief climate risk officer. Chen will lead the agency’s Office of Climate Risk and development of climate risk management frameworks for the...
ICBA: Two-Thirds of Voters Support Cannabis Banking Access
Two-thirds of voters (65%) support allowing cannabis-related businesses to have access to banking services in states where cannabis is legal, the Independent Community Bankers of America (ICBA)...
As Feds Report on Digital Assets, New ICBA Polling Points to Consumer Skepticism with Crypto, CBDC
The Independent Community Bankers of America (ICBA) told the Treasury Department that policymakers developing new rules for cryptocurrency should prioritize protecting national security amid...
ICBA ThinkTECH Accelerator Alumni LemonadeLXP, Quilo Win “Best of Show” Honors at Finovate Fall 2022
The Independent Community Bankers of America (ICBA) and The Venture Center celebrate this year’s Finovate Fall 2022 Best of Show winners, LemonadeLXP and Quilo, both of which were members of the...
ICBA urges National Flood Insurance Program extension
ICBA called on Congress to extend the National Flood Insurance Program authorization before it expires Sept. 30 to avoid further disruptions to the housing market.
House members urge SBA to change PPP loan forgiveness policy
A group of House members led by Rep. Chrissy Houlahan (D-Pa.) sent an ICBA-supported letter to the Small Business Administration calling for common-sense reform to Paycheck Protection Program loan...
Senate bill would bar Fed from issuing CBDC
Sen. Mike Lee (R-Utah) introduced legislation to prohibit the Federal Reserve from issuing a central bank digital currency.
Cannabis banking co-sponsors in talks on compromise Senate bill
Lead co-sponsors of ICBA-advocated legislation to allow legal cannabis-related businesses to access banking services said they are working with key senators to advance the House-passed bill in the...
CFPB: Credit report furnishers must investigate disputes
The Consumer Financial Protection Bureau said the Fair Credit Reporting Act requires credit report furnishers to investigate potential inaccuracies in consumer credit reports.
Durbin Amendment expansion grassroots continues
Community bankers can continue using ICBA’s Be Heard grassroots action center to oppose legislation that would create new credit card routing mandates that expand on Durbin Amendment payments...
Farm Credit System reports favorable results despite headwinds
The Farm Credit Administration reported that tight labor markets, rising interest rates, a strong dollar, high energy prices, and drought conditions are creating uncertainty in rural economies and...
FDIC Second-Quarter Deposit Data Show Proposed Assessment Rate Hike Not Needed
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the FDIC’s latest Quarterly Banking Profile.
ICBA Statement on Federal Home Loan Bank Review
ICBA statement on the Federal Housing Finance Agency’s comprehensive review of the Federal Home Loan Bank System.
OCC announces assessment rate cuts targeting community banks
The OCC will reduce assessment rates on OCC-chartered community banks by 40% starting next year, Acting Comptroller of the Currency Michael Hsu announced.
ICBA recognizes National Preparedness Month
ICBA recognized National Preparedness Month in September by issuing tips to help Americans secure their financial documents before disaster strikes.
ICBA voices opposition to Durbin Amendment expansion
ICBA this week expressed strong opposition to legislation that would create new credit card routing mandates that expand on Durbin Amendment payments interventions.
Fed raises order limits for nickels, dimes, quarters
The Federal Reserve said it will raise order limits for nickels, dimes, and quarters, effective Tuesday. Limits for pennies are unchanged.
ICBA Shares Financial Preparedness Tips for Consumers During National Preparedness Month in September
In recognition of National Preparedness Month in September, ICBA and the nation’s community bankers are reminding Americans to create a plan to ease their worries and speed their financial recovery...
ICBA Names 2022 National Community Bank Service Awards Winners
ICBA today announced the winners of its 2022 National Community Bank Service Awards, which celebrate the outstanding service and volunteer efforts of the nation’s community banks. Stories are...
Romero Rainey: ICBA opposing bill to expand Durbin Amendment
ICBA continues speaking out against policymakers’ efforts to expand on harmful Durbin Amendment interventions on payment card systems, ICBA President and CEO Rebeca Romero Rainey wrote in a recent...
Biden announces student debt forgiveness plan
The Biden administration announced plans to provide up to $20,000 in student debt forgiveness and extended the federal student loan repayment moratorium, first implemented under the Trump...