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Global AML watchdog warns of lagging crypto standards
The Financial Action Task Force—a global anti-money-laundering watchdog—said many countries have not implemented its recommended standards on virtual assets, allowing criminals to...
Hsu: Crypto industry slowing progress on supervision
Crypto industry resistance and jurisdictions competing for crypto business have held up progress on consolidated supervision of cryptoassets, Acting Comptroller of the Currency Michael Hsu said.
ICBA urging outreach on new farm bill
ICBA is urging community bankers to call and write their members of Congress on the pending farm bill.
Grassroots Alert: Time to weigh in on new farm bill
ICBA is urging community bankers to both call and write their members of Congress today on the pending farm bill using ICBA’s newest grassroots advocacy materials.
Novel bank denied Fed master account
A novel financial institution that would pass deposits directly into a Federal Reserve master account announced it was denied access to a Fed master account.
ICBA urges agencies to ensure reg review provides substantive relief
ICBA called on federal banking regulators to ensure their latest regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act provides substantive regulatory relief for...
ICBA to Agencies: Latest Regulatory Review Should Provide Substantive Relief to Community Banks
ICBA today called on federal banking regulators to ensure their latest regulatory review under the EGRPRA provides substantive regulatory relief for community banks, which previous reviews under...
Bowman: Regulators should not dictate bank strategy
The role of the Federal Reserve and other regulators in overseeing banks is not to make credit allocation decisions, but to ensure institutions manage their material risks, Fed Governor Michelle...
Jefferson: Fed must prep for economic shocks
Federal Reserve Vice Chair Philip Jefferson said policymakers should remain “vigilant and nimble” on monetary policy in case of adverse shocks to the economy.
2024 Bank Director Forum series begins April 4
Registration is open for ICBA’s Bank Directors Forums—exclusive sessions tailored for busy directors.
ICBA Announces New ThinkTECH Accelerator Sponsors to Support Innovation in Community Banking
The Independent Community Bankers of America® (ICBA) announced three-year agreements with Fiserv, TrueNorth, Wipfli, and Ncontracts to sponsor ICBA’s acclaimed ThinkTECH Accelerator and other...
Blog post highlights ICBA innovation milestones
ICBA’s Charles Potts highlighted several recent innovation milestones, including the opening of its Center for Innovation, which coincided with ThinkTECH Regulator Day on Feb. 15, and its inaugural...
CFTC panel to meet on crypto taxonomy
The Commodity Futures Trading Commission said its Global Markets Advisory Committee will meet next month on digital assets and other issues.
Fed researchers say CBDC wouldn’t disrupt U.S. dollar’s role
Federal Reserve researchers said a U.S. central bank digital currency would likely have only a marginal impact on the international role of the U.S. dollar and the role of U.S. payment systems in...
Agencies disrupt LockBit ransomware group
The U.S. and U.K. governments said they have successfully disrupted LockBit, one of the world’s most active ransomware groups.
Barr: Larger banks face increased scrutiny in the wake of SVB
Federal Reserve Vice Chair for Supervision Michael Barr said Friday that bank supervisors are increasing scrutiny for larger banks in the wake of Silicon Valley Bank’s failure due in part to large...
ICBA continues grassroots push on several bills
While Congress is out for the Presidents’ Day recess, ICBA continues calling on community bankers to use its Be Heard grassroots action center to urge lawmakers to support several pro-community...
ICBA Celebrates Success of Regulator and Core Days in Advancing Community Banking Innovation
The Independent Community Bankers of America® (ICBA) recently celebrated the successful conclusion of two important events during its current ThinkTECH Accelerator cohort (AP6), Regulator Day and...
Durbin announces hearing on credit card routing bill
With Senate Judiciary Committee Chair Dick Durbin (D-Ill.) announcing a hearing on ICBA-opposed legislation to impose credit card routing restrictions, ICBA is calling on community bankers to urge...
Waller discounts crypto, Chinese threats to dollar dominance
Federal Reserve Governor Christopher Waller said he does not expect the U.S. dollar to lose its status as the world's reserve currency due to challenges from cryptocurrencies and the Chinese renminbi.
Fed’s Bowman: Policymakers have key role in payments improvements
The pursuit of improvements in the payments system to expand access to the financial system must avoid the temptation to exclusively rely on new technology, Federal Reserve Governor Michelle Bowman...
Barr: No signs of liquidity problems in banking system
A single bank missing its revenue expectations and increasing its provisioning does not change the fact that the overall banking system is strong, Federal Reserve Vice Chair for Supervision Michael...
Vilsack testifies as farm bill questions loom
Agriculture Secretary Tom Vilsack testified before the House Agriculture Committee as questions loom about the timing of a new farm bill.
ICBA PAC auction tickets available
Tickets are available for ICBA PAC’s 35th Annual Auction Fundraiser, which is scheduled for Saturday, March 16, during ICBA LIVE in Orlando.
ICBA Opens Center for Innovation in Atlanta
The Independent Community Bankers of America® (ICBA) today announced the opening of the new ICBA Center for Innovation in Atlanta, establishing a permanent home for its world-class community bank...
ICBA seeking referrals for seventh ThinkTECH Accelerator
ICBA is now accepting applications for its seventh ThinkTECH Accelerator program, which promotes growth-stage companies that serve or wish to serve community banks and their customers.
ICBA seeking referrals for seventh ThinkTECH Accelerator
ICBA is now accepting applications for its seventh ThinkTECH Accelerator program, which promotes growth-stage companies that serve or wish to serve community banks and their customers.
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 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...
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,...
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...
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.
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.
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.