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Op-ed: Credit union CRA exemption helped sink Navy Federal
Had Navy Federal Credit Union been subject to the Community Reinvestment Act, it might have avoided reputation disaster with reports of its discriminatory lending, according to a new op-ed.
Agency council issues exam principles on valuation discrimination
The Federal Financial Institutions Examination Council issued a statement of principles related to valuation discrimination and bias for member agencies to consider when examining financial...
ICBA supports bill to coordinate FinCEN rulemakings
ICBA today is calling on Congress to advance legislation to coordinate and strengthen recent Financial Crimes Enforcement Network anti-money laundering rulemakings.
ICBA, state groups to FDIC: Withdraw corporate governance proposal
ICBA and state community banking associations expressed strong opposition to the FDIC’s proposed corporate governance and risk management guidelines for covered institutions with $10 billion or...
ICBA continues grassroots push on several bills
ICBA is calling on community bankers to use its Be Heard grassroots action center to urge Congress to support several pro-community bank bills.
ICBA-advocated ‘trigger leads’ bill introduced in House
The House version of bipartisan legislation designed to help protect the financial privacy of mortgage applicants was introduced Thursday.
ICBA continues hearing push following latest credit union acquisition
ICBA continued its calls for Congress to investigate credit union acquisitions of tax-paying community banks following another new acquisition.
USDA projects ag income decline amid farm bill talks
The USDA is projecting further sharp declines in farm-sector income in 2024, which could have implications for ongoing farm bill negotiations.
Fed’s Bowman urges fair rules for community banks
Fairness for community banks often appears to be a non-factor when considering which proposals make the regulatory agenda, Federal Reserve Governor Michelle Bowman said.
ICBA files protest of largest-ever credit union bank acquisition
ICBA filed a Community Reinvestment Act protest in the acquisition of First Financial Northwest Bank in Renton, Wash., by Global Credit Union of Anchorage, Alaska. If approved, it would be the...
ICBA, groups urge VA to streamline home loan program
ICBA and other groups called on the Department of Veterans Affairs to align the minimum property requirements under its Home Loan Guaranty Program with the standards established by Fannie Mae and...
Welcome Our Newest Field Rep, Ayana Bass-Myers
Please join us in welcoming our newest field rep, Ayana Bass-Myers. Ayana will be serving Maryland, Delaware, Washington DC, Pennsylvania, Virginia, and West Virginia.
ICBA Extends Multiyear Deal with Endorsed Broker-Dealer Stifel for Community Bank Portfolio Services
The Independent Community Bankers of America (ICBA) announced a multiyear deal with Stifel to continue offering investment products and services to community banks through a partnership with ICBA’s...
Due today: Comment letters opposing corporate governance proposal
ICBA is urging community bankers to send letters to the FDIC by today’s deadline opposing proposed guidelines to establish new corporate governance and risk management standards.
Study: Credit card routing bill would harm small businesses
ICBA-opposed legislation to impose credit card routing restrictions would disproportionately benefit the nation’s top five businesses and put small retailers at a further competitive disadvantage,...
Due tomorrow: Comment letters opposing corporate governance proposal
ICBA is urging community bankers to send letters to the FDIC by tomorrow’s deadline opposing proposed guidelines to establish new corporate governance and risk management standards.
ICBA urging letters on corporate governance proposal
ICBA is calling on community bankers to send letters to the FDIC opposing proposed guidelines to establish new corporate governance and risk management standards.
Credit union regulator: lack of third-party oversight ‘Achilles’ heel’
National Credit Union Administration Chairman Todd Harper said his agency’s lack of oversight of credit union service organizations is an Achilles’ heel for the credit union system.
Lawmakers urge House hearing on Navy Federal lending practices
House Financial Services Ranking Member Maxine Waters (D-Calif.) and other Democratic committee members urged Chairman Patrick McHenry (R-N.C.) to hold a hearing on reports of discriminatory...
FinCEN renewing Currency Transaction Report control numbers
The Financial Crimes Enforcement Network published a 60-day notice to renew the Office of Management and Budget control numbers assigned to Currency Transaction Reports.
Tax Foundation calls for end of credit union tax exemption
The nonpartisan Tax Foundation released a new report calling on policymakers to wean credit unions off taxpayer subsidies.
ICBA continues grassroots on ILC, ‘trigger leads’ bills
ICBA is calling on community bankers to urge their members of Congress to support bills that would close the industrial loan company loophole and protect the financial privacy of mortgage applicants.
ICBA to FTC: Exclude community banks from fee rulemaking
ICBA urged the Federal Trade Commission to explicitly exclude community banks from a proposed rule requiring commercial businesses to include all mandatory fees when advertising their prices.
Treasury details crypto risks to terrorist, proliferation financing
New Treasury Department reports spotlight the role of digital assets in terrorism and proliferation financing.
As agencies launch reg review, ICBA urges meaningful results
With the federal banking agencies launching their latest regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act, ICBA urged the agencies to advance more meaningful...
Yellen calls for federal floor on stablecoin regulations
While federal agencies have some regulatory authority to oversee digital assets, Congress should develop a framework to close gaps in oversight, Treasury Secretary Janet Yellen told the House...
ICBA Urges Federal Banking Agencies to Ensure Meaningful Regulatory Review
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the start of the interagency review of federal banking regulations under the...
ICBA, groups file lawsuit against CRA final rule
ICBA, the Independent Bankers Association of Texas, TBA, ACC, ABA, U.S. Chamber of Commerce, and Longview Chamber of Commerce filed a lawsuit against the federal banking regulators for exceeding...
Grassroots campaigns pushing ILC, ‘trigger leads’ bills
ICBA continues calling on community bankers to urge their members of Congress to support bills that would close the industrial loan company loophole and protect the financial privacy of mortgage...
Trade Associations Sue Regulators for Exceeding Statutory Authority in New Community Reinvestment Act Rules
ICBA and others today filed a joint lawsuit in the Northern District of Texas against the Federal Reserve, FDIC and OCC for exceeding their statutory authority and acting arbitrarily and...
FS-ISAC offers identity theft tips for commercial customers
The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary offers tips for educating commercial customers on identity theft.
Fed holds rates steady, citing inflation target
The Federal Open Market Committee voted to hold target interest rates steady, citing a solid expansion of economic activity and inflation uncertainty.
ICBA pressing grassroots on bill to close ILC loophole
ICBA is calling on community bankers to urge their senators to support Senate legislation to permanently close the industrial loan company loophole.
Advocacy dashboard updated ahead of Capital Summit
ICBA updated its “Advocacy in Action” government relations dashboard for the first quarter with the latest community banking advocacy successes and priorities.
The impact of CRA modernization
Could the final rule cause thoughts of early retirement? Have you read the new best-seller co-authored by the FDIC, the Federal Reserve and the OCC? It’s been as slow as molasses but it’s finally...
Bowman: Regulators should focus more on third-party providers
Federal Reserve Governor Michelle Bowman said she is concerned that federal regulators respond to financial industry risks by focusing too much on regulated banks.
Senate committee discusses ICBA check fraud concerns
The Senate Banking Committee spotlighted ICBA concerns with how check fraud enabled by large financial institutions and the U.S. Postal Service is affecting community banks and their customers.
Tennessee court allows credit union bank acquisition to proceed
A Tennessee appellate court overturned a decision by the state’s banking regulator to block a credit union acquisition of a bank.
Grassroots push for bill to close ILC loophole
ICBA is calling on community bankers to urge their senators to support Senate legislation to permanently close the industrial loan company loophole.
FinCEN issues alert on West Bank settler violence
The Financial Crimes Enforcement Network issued an alert to U.S. financial institutions related to financing Israeli extremist settler violence against Palestinians in the West Bank.
ICBA to Congress: Community banks seeking cooperation to combat check fraud
ICBA today is raising concerns to Congress about how check fraud enabled by the U.S. Postal Service and large financial institutions is affecting community banks and their customers.
Agencies propose revised call report to reflect capital reforms
Federal banking regulators proposed revising the call report consistent with their proposed rule to update regulatory capital standards.
Fed strengthens investing standards on senior officials
The Federal Open Market Committee said its policy on senior officials’ investment and trading activity will apply to more Federal Reserve System staff.
ICBA supports Basel Committee work on crypto disclosure framework
ICBA expressed support for the Basel Committee on Banking Supervision’s work to draft a regulatory framework for disclosing cryptoasset exposures in banking entities’ financial statements.
FHFA scorecard doesn’t address 15-year conservatorship: ICBA
A new Federal Housing Finance Agency scorecard on Fannie Mae and Freddie Mac fails to address the 15-year conservatorship of the government-sponsored enterprises, ICBA said.
FinCEN seeks comments on beneficial ownership info requests
The Financial Crimes Enforcement Network requested comments on the information it will collect from entities requesting access to beneficial ownership information under a framework it issued last...
ICBA updates advocacy dashboard
ICBA updated its “Advocacy in Action” government relations dashboard for the first quarter with the latest community banking advocacy successes and priorities.
ICBA-CISA tabletop exercise returns
ICBA and the Cybersecurity and Infrastructure Security Agency are scheduled to host a quarterly tabletop exercise to support community bank cybersecurity.
ICBA Selects Ncontracts as a Preferred Service Provider for Vendor, Risk, and Compliance Management
ICBA announced that Ncontracts has been selected as its newest Preferred Service Provider. Ncontracts, provides integrated vendor, risk, and compliance management solutions.
OCC proposes updating rules on bank mergers
The OCC issued a proposed rule to update its rules for business combinations involving national banks and federal savings associations and to clarify how it reviews applications under the Bank...
ICBA supports bill to fix IRS income verification changes
ICBA and other groups expressed support for legislation that would address concerns with recent IRS policy changes that cut off consumer and commercial lenders from the agency’s Income Verification...
Registration open for ICBA Capital Summit
Registration is open for the 2024 ICBA Capital Summit, the industry’s premier advocacy event scheduled for April 28-May 1 in Washington, D.C.
FinCEN announces BSA penalty adjustments
The Financial Crimes Enforcement Network issued a final rule to reflect annual inflation adjustments to its civil monetary penalties.
ICBA continues pressing ‘trigger leads’ bill
ICBA continues calling on community bankers to urge their members of Congress to co-sponsor bipartisan legislation designed to help protect the financial privacy of mortgage applicants.
Lowest pricing for ICBA LIVE 2024 ends next week
Friday, Feb. 2, is the deadline for lowest pricing for ICBA LIVE 2024 in Orlando, Fla.
Following new credit union acquisitions, ICBA continues hearing push
ICBA continued its calls for Congress to investigate credit union acquisitions of tax-paying community banks following two new acquisitions.
Lowest pricing for ICBA LIVE ends this week
This Friday, Feb. 2, is the deadline for lowest pricing for ICBA LIVE 2024 in Orlando, Fla.
Senators discuss flood insurance reforms as deadline looms
Senators discussed potential reforms to the National Flood Insurance Program while acknowledging the need for a reauthorization to avoid a lapse in the program.
Agencies issue guidance on using AI securely
The Cybersecurity and Infrastructure Security Agency and other national and international agencies released joint guidance on using artificial intelligence systems securely.
CFPB proposal on non-sufficient-funds fees would distort market: ICBA
A new Consumer Financial Protection Bureau proposed rule to restrict the use of non-sufficient-funds fees is another example of the bureau imposing arbitrary price controls that would distort...