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ICBA to Congress: CDFI Fund proposal would harm communities
ICBA and other groups requested a meeting with members of Congress to discuss a Treasury Department proposal that would reduce access to services provided by Community Development Financial...
ICBA Statement on Confirmation of FDIC Board Nominees
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Senate confirmation of President Joe Biden’s nominees to the Federal...
ICBA, Groups to Congress: CDFI Fund Proposal Would Harm Local Communities
ICBA and other groups requested a meeting with members of Congress to discuss a Treasury Department proposal that would irreversibly harm access to services provided by Community Development...
ICBA Statement on New York’s Proposed Climate Risk Guidance
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on New York State Department of Financial Services proposed guidance on climate...
Durbin Amendment expansion out of congressional omnibus
Congress left out of its end-of-year omnibus spending bill numerous ICBA-opposed legislative initiatives, including language to extend the Durbin Amendment to credit cards.
CFPB updates HELOC brochure
The Consumer Financial Protection Bureau issued an update to its “What you should know about home equity lines of credit” brochure.
NCUA chief backs bill to tighten credit union cyber oversight
The head of the National Credit Union Administration called on Congress to pass ICBA-advocated legislation that would authorize the agency to examine credit union third-party service providers for...
FinCEN proposes rule on accessing beneficial ownership info
The Financial Crimes Enforcement Network issued a proposed rule governing access to and protection of beneficial ownership information.
Regulators adopt Fair Debt Collection Practices Act exam procedures
The Federal Financial Institutions Examination Council’s Task Force on Consumer Compliance adopted revised examination procedures for the Fair Debt Collection Practices Act and its implementing...
ICBA op-ed: FDIC should draw down assessment rate increase
With the Federal Reserve's interest rate hikes hastening the normalization of deposits, the FDIC should respond by quickly drawing down its assessment rate increase, ICBA Chairman Brad Bolton wrote...
New bill would establish national data breach standard
Rep. Blaine Luetkemeyer (R-Mo.) reintroduced ICBA-advocated legislation to establish a national data breach notification standard.
ICBA urges agency collaboration to support underserved communities
ICBA encouraged the Treasury Department’s newly formed Interagency Community Investment Committee to promote agency collaboration as it works to support access to affordable capital and financial...
ICBA backs ‘same risk, same regulation’ approach to crypto oversight
ICBA said it strongly supports the Financial Stability Board’s approach to international crypto-asset regulation that is based on the principle of “same activity, same risk, same regulation.”
ICBA continues grassroots push as Congress debates omnibus
With Congress debating end-of-year omnibus spending legislation, ICBA continues calling on community bankers to reach out to lawmakers on ICBA-advocated cannabis banking legislation and...
N.Y. banking agency issues crypto guidance
The New York Department of Financial Services released guidance for New York-regulated banking organizations that wish to engage in virtual currency-related activities.
FS-ISAC spotlights Cuba ransomware, smash-and-grab mitigation
The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary spotlights the recent Joint Cybersecurity Advisory on Cuba ransomware variants.
New ICBA Polling Shows Consumer Opposition to Bill That Would End Credit Card Rewards Programs
As Congress considers legislation to apply routing restrictions to credit card transactions — which would end popular credit card rewards programs — the ICBA released new polling conducted by...
Grassroots needed on cannabis banking, Durbin Amendment
While the National Defense Authorization Act excludes ICBA-advocated cannabis banking legislation and ICBA-opposed language to expand the Durbin Amendment, the debate over both initiatives continues.
CFPB: TILA doesn’t preempt N.Y. disclosure law
The Consumer Financial Protection Bureau issued a preliminary determination that the Truth in Lending Act does not preempt a New York state law requiring commercial financing disclosures.
ICBA urges passage of new Senate bill to close ILC loophole
ICBA expressed strong support for the introduction of Senate legislation to close the industrial loan company loophole.
Financial Services and Consumer Groups Support Senate Bill to Close Industrial Loan Company Loophole
Today, a broad coalition of financial services and consumer organizations expressed support for new legislation to close the industrial loan company (ILC) charter loophole, the "Close the Shadow...
Grassroots key as Senate cannabis banking debate ramps up
With the debate over ICBA-advocated cannabis banking legislation picking up as some policymakers express concerns and others confidence in the bill's passage, ICBA is urging community bankers to...
ICBA, groups urge Congress to oppose SBA's proposed 7(a) changes
ICBA and other groups called on Congress to oppose Small Business Administration proposals to detrimentally reform its 7(a) lending program.
ICBA: Congressional Report Validates That Community Banks Are a Superior Alternative to Nonbank Lenders
ICBA President and CEO Rebeca Romero Rainey issued the following statement on the Select Subcommittee on the Coronavirus Crisis’s report regarding the role of fintech companies in facilitating a...
ICBA’s Romero Rainey, Merski Again Named Top Lobbyists by The Hill
ICBA President and CEO Rebeca Romero Rainey and ICBA Group Executive Vice President of Congressional Relations and Strategy Paul Merski are featured on The Hill’s 2022 list of the top Washington...
Grassroots heating up as lame-duck Congress winds down
As Congress considers must-pass end-of-year legislation, ICBA is calling on community bankers to contact their members of Congress on top advocacy priorities.
CFPB issues guidance on HMDA enforcement following court ruling
The Consumer Financial Protection Bureau released Home Mortgage Disclosure Act enforcement guidance following a recent court ruling vacating its 2020 HMDA final rule.
ICBA Urges Senate to Pass Newly Introduced Bill to Close ILC Loophole
ICBA today expressed its strong support for Senate Banking Committee Chairman Sherrod Brown's (D-Ohio) introduction of the Close the Shadow Banking Loophole Act to close the industrial loan company...
ICBA: PPP report validates that community banks are superior alternative to nonbanks
ICBA said a congressional report on financial technology participants in the Paycheck Protection Program validates that community banks were the unequivocal leaders of the U.S. economic recovery...
ICBA to regulators: Ensure CRA reform minimizes new burdens
With FDIC Acting Chairman Martin Gruenberg testifying before Congress, ICBA reiterated its call for the federal banking agencies to issue a uniform rule that minimizes new data collection and...
Community bank net income rises 13.5% in Q3
Community banks reported a 13.5% increase in net income during the third quarter from the previous quarter and a 3.9% increase from a year ago, according to the FDIC's latest Quarterly Banking...
Lawmakers urge FHFA to align capital standards with banking agencies
ICBA expressed support for a new bipartisan letter from members of Congress urging the FHFA to align its capital rules with those of federal banking regulators to avoid penalizing community banks...
OCC cuts 2023 assessments
The OCC published its assessment rates for the 2023 calendar year, reducing the rates in its general assessment fee schedule and maintaining its 2022 rates for the independent trust and independent...
ICBA Urges Regulators to Ensure CRA Reform Minimizes New Community Bank Reporting Burdens
With FDIC Acting Chairman Martin Gruenberg testifying before Congress, ICBA reiterated its call for the federal banking agencies to issue a uniform rule that minimizes new data collection and...
Gruenberg: Expect CRA rule early part of next year
FDIC Acting Chairman Martin Gruenberg told lawmakers he anticipates regulators will release a final rule reforming Community Reinvestment Act regulations during the early part of next year.
ICBA’s Independent Banker Names 2022 Best Community Banks to Work For
Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America (ICBA), announced its 2022 Best Community Banks to Work For recipients.
ICBA Supports Congressional Letter Urging FHFA to Align Capital Standards with Banking Regulators
ICBA expressed support for a new bipartisan letter from members of Congress urging the FHFA to align its capital rules with those of federal banking regulators to avoid penalizing community banks...
ICBA urging grassroots outreach on cannabis banking bill
ICBA is calling on community bankers to urge their members of Congress to pass legislation before year-end that would establish a cannabis banking safe harbor in states where cannabis is legal.
Senate Finance chair questions crypto exchanges following FTX failure
Washington continued to escalate its response to instability in the crypto sector as the Senate Finance Committee’s chairman questioned leading crypto exchanges on their consumer protections.
CFPB issues annual adjustment for file disclosure charges
The Consumer Financial Protection Bureau issued a final rule with its annual adjustment to the maximum amount consumer reporting agencies may charge consumers for making a file disclosure to a...
ICBA post-election briefing next week
ICBA next week is hosting a complimentary post-election briefing on the midterm election results and pending regulatory actions affecting community banks.
Living will deficiencies at Citi as regulators push more stringent approach
The FDIC and Federal Reserve released results of their review of the resolution plans of the eight largest and most complex U.S. banks, finding shortcomings only in Citigroup’s living will.
Op-ed: Crypto response must protect banking system stability
The collapse of the FTX cryptocurrency exchange is a predictable example of the serious risks that digital assets pose, and policymakers should ensure new policies fully reflect its risks, ICBA...
ICBA to CFPB: Promote mortgage refinancing by reducing reg burdens
ICBA responded to a Consumer Financial Protection Bureau request for information on encouraging residential mortgage loan refinances by calling on the bureau to reduce unnecessary compliance...
ICBA pressing cannabis banking, other priorities as Congress returns
With Congress returning to Washington this week for the final leg of the lame-duck session, ICBA is pushing several key legislative priorities and calling on community bankers to weigh in with...
Proposed Changes to FDIC Supervisory Appeals System Fall Short of Progress
The FDIC has proposed changes to its new supervisory appeals structure aimed at increasing its independence, but the system still requires significant overhauls to preserve banks’ due process...
Revamped podcast explores future of ICBA ThinkTECH
ICBA released the latest episode of its newly revamped podcast: “Independent Banker: A Community Banking Podcast from ICBA.”
DOJ announces arrests in $575M crypto fraud
The Justice Department announced the arrest of two Estonian citizens for their alleged involvement in a $575 million cryptocurrency fraud and money-laundering conspiracy.
ICBA’s Romero Rainey: We Look Forward to Working with Election Winners on Community Bank Policies
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey today issued the following statement on the 2022 elections.
Crypto acquisition amid liquidity scare reflects market turmoil
Cryptocurrency exchange Binance announced an agreement to buy rival FTX amid reports of a liquidity crisis at the company, renewing concerns about volatility in the crypto sector.
FHA now accepting private flood insurance
The Federal Housing Administration said it will accept private flood insurance policies in which the borrower chooses to obtain a private policy instead of flood insurance available through the...
CFPB report targets credit bureaus, mortgage servicers
The Consumer Financial Protection Bureau issued a new Supervisory Highlights report spotlighting legal violations identified during its supervisory examinations in the first half of 2022.
Regulators investigating FTX crypto exchange amid liquidity crisis: report
Federal regulators are reportedly investigating cryptocurrency exchange FTX amid concerns of a liquidity crisis at the company and fallout on the rest of the crypto sector.
Lawmakers push Durbin Amendment expansion in must-pass bills
ICBA continues urging community bankers to speak out against a bill to expand on the Durbin Amendment as lawmakers seek to advance the measure during the lame-duck session.
Senate’s Warren continues push for bank data on Zelle fraud
Sen. Elizabeth Warren (D-Mass.) this week sent letters to Wells Fargo and Early Warning Services—the parent company of the Zelle peer-to-peer payment platform—criticizing their response to her...
ICBA continues interchange push as lawmakers pursue must-pass bills
ICBA continues urging community bankers to speak out against a bill to expand on the Durbin Amendment as lawmakers seek to advance the measure during the lame-duck session.
TCM Bank N.A., promotes Jay Hill to Senior Vice President, Transformation and Project Management
TCM Bank, N.A., the credit card bank of ICBA Bancard®, announced the promotion of Jay Hill from vice president of project management to senior vice president of transformation and project management.
Kari Mitchum Joins ICBA as Vice President, Payments Policy
The Independent Community Bankers of America (ICBA) today announced the hire of Kari Mitchum as vice president, payments policy.
CFPB reopens inquiry into Big Tech payments platforms
The Consumer Financial Protection Bureau reopened the public comment period on its series of orders collecting information on the business practices of large U.S. tech companies that operate...
More terrorist attacks linked to digital assets: UN
Up to 20% of terrorist attacks are financed by crypto-assets or otherwise linked to digital assets, a United Nations official told Bloomberg. The UN’s Svetlana Martynova said officials are...