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FDIC board meeting today
The FDIC board of directors scheduled a meeting for 10 a.m. (Eastern time) today.
With Deposit Insurance Fund Growth Ahead of Schedule, ICBA Supports Cutting Community Bank Assessments
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on community bank deposit insurance assessments.
ICBA supports cutting community bank assessments amid DIF growth
After the FDIC said the Deposit Insurance Fund reserve ratio is on track to reach the statutory minimum ahead of schedule, ICBA expressed strong support for proposals from the agency’s leaders to...
FDIC names new Advisory Committee on Community Banking members
The FDIC on Friday named five new members to its Advisory Committee on Community Banking.
ICBA discusses top issues with FDIC, CFPB heads
ICBA President and CEO Rebeca Romero Rainey held a fireside chat with the heads of the FDIC and Consumer Financial Protection Bureau at the 2024 ICBA Capital Summit in Washington.
FDIC’s Hill: ‘Crushing’ compliance costs hurt community banks
Overzealous and misguided supervision contributes to crushing compliance costs for community banks, according to FDIC Vice Chairman Travis Hill.
FCC eliminates use of Weiss ratings as standard for banks
The Federal Communications Commission eliminated the use of the Weiss ratings as the standard for U.S. banks to be considered “acceptable to FCC” for purposes of issuing qualifying program letters...
FDIC’s Hill announces regulatory review
Following his appointment as acting chairman of the FDIC, Travis Hill pledged to conduct a “wholesale review” of the agency’s regulations, guidance, and manuals.
FDIC announces relief for California banks
The FDIC announced regulatory relief to facilitate recovery in areas of California affected by wildfires and straight-line winds.
ICBA Commends FDIC Proposal to Enhance Industrial Loan Company Oversight as Polling Shows Concerns with ILC Loophole
ICBA today expressed support for an FDIC proposed rule that would enhance oversight of industrial loan companies, or ILCs.
Gruenberg: Orderly resolutions without systemic risk exception needed
FDIC Chairman Martin Gruenberg said there is a need for meaningful action to improve the likelihood of orderly resolutions of large regional banks without the expectation of invoking the systemic...
FDIC board approves rescission of 2024 bank merger policy statement
The FDIC board of directors approved the rescission of the agency’s 2024 Statement of Policy on Bank Merger Transactions and the reinstatement of its statement of policy in effect prior to 2024.
FDIC committee on economic inclusion to meet next week
The FDIC announced that its Advisory Committee on Economic Inclusion (ComE-IN) will meet at 9 a.m. (Eastern time) Wednesday, Nov. 13, in Washington, D.C.
FDIC modifies resolution planning for large banks
The FDIC modified its approach to resolution planning for large banks.
Agencies propose rescinding 2023 CRA final rule
Federal bank regulatory agencies issued a joint proposal to rescind the Community Reinvestment Act final rule issued in October 2023 and replace it with the prior CRA regulations after the FDIC...
FDIC proposes ICBA-advocated threshold adjustments
The FDIC proposed raising various regulatory thresholds to account for inflation and to allow future adjustments using an indexing methodology, as advocated by ICBA.
ICBA opposes Nissan’s ILC application
ICBA urged the FDIC to reject Nissan’s deposit insurance application for its proposed industrial loan company, Nissan Bank.
ICBA meets with FDIC chair on de novo banks
Senior ICBA staff and ICBA’s De Novo Working Group met with FDIC Acting Chairman Travis Hill to discuss regulatory challenges that de novo banks face.
FDIC updates approach to pre-filled customer information
The FDIC announced it is updating its supervisory approach regarding whether banks can use pre-populated customer information for the purpose of opening an account to satisfy Customer...
FDIC proposes changes to sign and advertising requirements
The FDIC proposed amending regulations governing the display of the FDIC official digital sign and non-deposit signage.
Agencies release resolution plans for large banks
The Federal Reserve and FDIC released the public sections of resolution plans for the eight largest and most complex domestic banking organizations and 56 foreign banking organizations.
FDIC publishes consumer compliance supervisory highlights
The FDIC published its annual Consumer Compliance Supervisory Highlights, which includes a summary of the overall consumer compliance performance of FDIC-supervised institutions in 2024.
FDIC announces relief for Texas banks
The FDIC announced regulatory relief to facilitate recovery in areas of Texas affected by severe storms, straight-line winds, and flooding.
2024's Regulatory Year Ahead
A new year, and many things old are new again, including the Dodd-Frank Act (DFA); data privacy; Community Reinvestment Act (CRA); Unfair, Deceptive, or Abusive Acts or Practices Act (UDAAP); and...
Agencies finalize climate risk guidance for large banks
The federal banking regulators published interagency principles for climate-related financial risk management for financial institutions with $100 billion or more in total consolidated assets.
Nissan is latest automaker to apply for ILC charter
Nissan this week became the latest automaker to apply to form an industrial loan company in Utah.
FDIC’s Hill: Deposit insurance reform could boost confidence
FDIC Acting Chairman Travis Hill said deposit insurance reform could strengthen depositor confidence.
ICBA Supports Nomination of Travis Hill for FDIC Chairman
The Independent Community Bankers of America (ICBA) today encouraged Senate Banking Committee members to advance the nomination of Federal Deposit Insurance Corporation Acting Chairman Travis Hill...
ICBA supports Travis Hill for FDIC chairman
ICBA encouraged senators to advance the nomination of FDIC Acting Chairman Travis Hill to serve as FDIC chairman.
Senators call for moratorium on ILC approvals
Two Democratic senators called on the FDIC to halt industrial loan company charter approvals until Congress passes a law defining ILCs as banks.
FDIC announces new process for nonbanks to bid on failed large banks
The FDIC announced that it has developed a pre-qualification process for nonbank bidders with the intent of qualifying nonbank bidders in advance of any offering.
Regulators emphasize community bank exemptions during Senate hearing
Federal banking regulators emphasized community bank exemptions from various regulations while testifying before the Senate Banking Committee.
Bank branching deregulation harmed small businesses: FDIC paper
Community banks and small businesses were affected disproportionately by U.S. branching deregulation during the 1990s, according to a new research paper released by the FDIC’s Center for Financial...
ICBA launching survey on recent regulatory changes
ICBA this week is launching a survey on the value of community banks, small-business lending, and the regulatory environment. The survey will inform a forthcoming ICBA report on the impact of...
Regulators propose updated reporting on web addresses
The federal banking agencies proposed regulatory reporting changes related to the Financial Accounting Standards Board’s accounting standards update on troubled debt restructurings and vintage...
ICBA backs DeFi policy recommendations
ICBA expressed support for the International Organization of Securities Commissions’ recommendations for establishing policies on decentralized finance.
ICBA Statement Opposing Consolidation of the Nation’s Banking Regulators
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement opposing the consolidation of the nation’s banking regulators.
ICBA sets the record straight on efforts to combat 1071 rule
In a new message to community bankers, ICBA President and CEO Rebeca Romero Rainey outlines the state of the CFPB’s problematic 1071 rule, including ICBA’s efforts to fight to protect community...
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...
House committee passes ICBA-advocated reg relief bills
The House Financial Services Committee passed several ICBA-supported bills during a two-day markup.
Fed plans to release its review of SVB failure this Friday
The Federal Reserve Board said it will release its review of the supervision and regulation of Silicon Valley Bank at 11 a.m. (Eastern time) this Friday.
ICBA, groups urge FDIC to reconsider appeals office change
ICBA and other groups called on the FDIC to reconsider its decision to eliminate the Office of Supervisory Appeals and reinstate the agency’s Supervision Appeals Review Committee.
Demand-Letter Deluge
Demand-Letter Deluge Recently, ICBA has witnessed a growing and alarming trend: a resurgence of aggressive demand letters from plaintiffs’ law firms. Unlike the rash of demand letters regarding...
Consumer, Civil Rights Groups & Industry Urge FDIC: Halt Approval of Industrial Bank Applications, Close ILC Loopholes First
Consumer, Civil Rights Groups & Industry Urge FDIC: Halt Approval of Industrial Bank Applications, Close ILC Loopholes First The Bank Policy Institute, Center for Responsible Lending (CRL), NAACP,...
ICBA Statement on FDIC Industrial Loan Company Proposal
ICBA Statement on FDIC Industrial Loan Company Proposal ICBA President and CEO Rebeca Romero Rainey issued this statement on the Federal Deposit Insurance Corp.'s proposed rule on industrial loan...
New FDIC academic challenge focuses on community banks
New FDIC academic challenge focuses on community banks The FDIC launched the agency’s first-ever Academic Challenge, which will be focused on the effects of community banks on local economic...
FDIC board meeting Thursday on Volcker Rule
FDIC board meeting Thursday on Volcker Rule The FDIC board of directors is scheduled to meet at 2:30 p.m. (Eastern time) this Thursday, June 25 The FDIC board of directors is scheduled to meet at...
ICBA commends FDIC on appeals plan
ICBA commends FDIC on appeals plan ICBA commended the FDIC for proposing to create an independent office within the agency to review material supervisory determinations. ICBA commended the FDIC for...
ICBA to FDIC: Focus new resolution standards on banks over $100B
ICBA said it agrees with an FDIC proposal to implement resolution planning for banks with at least $100 billion in assets but said banks between $50 billion and $100 billon should generally be exempt.
Community bank net income declines in Q3
Community banks reported a 4.8% third-quarter decline in net income from the previous quarter and a 15% decrease from the same period a year ago, according to the FDIC’s latest Quarterly Banking...
ICBA offers high-level CRA summary ahead of briefing
ICBA released a high-level summary of the recently released interagency final rule to reform Community Reinvestment Act regulations ahead of an upcoming ICBA briefing on the rule.
FDIC board meeting today on special assessment
The FDIC board of directors is scheduled to meet at 10 a.m. (Eastern time) today to finalize the agency’s special assessment to replenish the Deposit Insurance Fund following large bank failures...
ICBA Statement on Nomination of Jelena McWilliams for FDIC Chairman
ICBA Statement on Nomination of Jelena McWilliams for FDIC Chairman Scott Heitkamp, ICBA chairman and president and CEO of ValueBank Texas in Corpus Christi, and Camden R. Fine, ICBA president...
Jelena McWilliams Nominated for FDIC Chairman
Jelena McWilliams Nominated for FDIC Chairman President Donald Trump nominated Jelena McWilliams for chairman of the FDIC. President Donald Trump nominated Jelena McWilliams for chairman of the...
Community Bank Income Rises 21 Percent
Community Bank Income Rises 21 Percent Community banks reported $6.5 billion in net income during the second quarter, a 21.1 percent gain from the previous year, according to the FDIC’s Quarterly...
Romero Rainey: ICBA support for special assessment exemplifies its mission
ICBA’s support for the FDIC’s proposed special assessment exemption for community banks illustrates its unique mission, ICBA President and CEO Rebeca Romero Rainey wrote in a new blog post.
80% of FDIC special assessment comment letters from community bankers
Community bankers responded in force to ICBA’s grassroots advocacy campaign supporting the FDIC’s proposal to exempt community banks under $5 billion in assets from its special assessment.
Gruenberg: Efforts to expand banking access making an impact
FDIC research suggests that efforts to connect unbanked consumers to the banking system are having an effect, FDIC Chairman Martin Gruenberg said.
FDIC head of supervising complex institutions retires
The FDIC announced the retirement of John Conneely following a nearly 35-year career at the agency, including his recent leadership of the FDIC’s Division of Complex Institution Supervision and...
ICBA issues high-level summary of CRA final rule
ICBA released a high-level summary of the recently released interagency final rule to reform Community Reinvestment Act regulations ahead of an upcoming ICBA briefing on the rule.