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ICBA and Senior Housing Crime Prevention Foundation Share Tips to Help Prevent Elder Financial Abuse
The Independent Community Bankers of America (ICBA) and its affiliate, the Senior Housing Crime Prevention Foundation (SHCPF), are providing tips for preventing elder financial abuse in recognition...
Pro-Russia hackers planning attacks on financial targets: alert
Pro-Russia hackers are planning to conduct cyberattacks against Western financial targets, including Swift and the Federal Reserve, according to an alert from the U.S. government.
Lawmakers press Chopra on 1071 rule in House hearing
Members of Congress continued to press Consumer Financial Protection Bureau Director Rohit Chopra on the bureau’s ICBA-opposed Section 1071 data-collection rule during a second day of hearings on...
ICBA supports SEC proposal to include more crypto firms in ‘exchange’ definition
ICBA expressed support for a Securities and Exchange Commission proposal confirming that crypto exchanges must follow the same rules of the road as other entities that trade securities.
OCC: Banks should be ‘on balls of their feet’ in monitoring risk
While the overall strength of the federal banking system is sound, banks should be “on the balls of their feet” regarding risk management, the OCC said in its latest Semiannual Risk Perspective.
Chopra: CFPB to solicit 1033 comments in coming months
The Consumer Financial Protection Bureau expects to seek comments on its pending rulemaking to establish standards for sharing consumer financial data in the coming months, CFPB Director Rohit...
ICBA, groups urge Congress to oppose credit card routing mandates
ICBA and other groups called on congressional leaders to oppose newly reintroduced legislation to impose routing mandates on credit card transactions.
ICBA seeking candidates for panel on CFPB rulemaking
ICBA is seeking community bankers interested in joining a Small Business Regulatory Enforcement Fairness Act panel to weigh in on a Consumer Financial Protection Bureau rulemaking under the Fair...
ICBA seeking feedback on Nacha ACH risk management proposal
ICBA is seeking survey responses from member community bankers on the potential impact of nine Nacha proposals related to ACH risk management.
Agencies propose guidance on reconsiderations of value
Federal regulators requested public comment on proposed guidance addressing reconsiderations of value, or ROVs, for residential real estate transactions.
OCC seeking feedback on consumer trust in banking survey
The OCC today is slated to release a request for information for its first-ever survey on consumer trust in banking and bank supervision.
CISA, FBI issue advisory on MOVEit Transfer vulnerability
The Cybersecurity and Infrastructure Security Agency and FBI published a joint cybersecurity advisory with technical information on the CL0P ransomware gang, also known as TA505.
ICBA Strongly Opposes Anti-Consumer Credit Card Bill
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s introduction of legislation to impose routing restrictions on credit...
ICBA continues 1071 grassroots campaign
ICBA calls on community bankers to urge Congress to support a House resolution to nullify the Consumer Financial Protection Bureau’s Section 1071 rule to establish data collection and reporting...
OCC seeking feedback on consumer trust in banking survey
The OCC released a request for information for its first-ever survey on consumer trust in banking and bank supervision.
ICBA Offers Tips to Help Simplify the Homebuying Process
In recognition of National Homeownership Month in June, ICBA is encouraging current and prospective homeowners to consult their trusted local community banker about how to make the homebuying...
CFPB extends deadline for feedback on data brokers
The Consumer Financial Protection Bureau extended the comment deadline on its request for information on data brokers, such as credit reporting companies and background screening firms, and how the...
ICBA strongly opposes bill to impose credit card routing mandates
ICBA expressed its strong opposition to newly reintroduced legislation to impose routing mandates on credit card transactions.
ICBA commends Fed’s Bowman on guidance recommendations
ICBA commended Federal Reserve Governor Michelle Bowman for her recommendations to improve newly released interagency guidance on third-party risk management.
ICBA urging grassroots messages supporting rural lending tax relief bill
ICBA is calling on community bankers to urge their members of Congress to co-sponsor legislation to exempt from taxation the interest income on farm real estate and rural mortgage loans.
ICBA Statement on Interagency Guidance on Third-Party Risk Management
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on Federal Reserve Governor Michelle Bowman’s statement regarding interagency...
CFPB encourages collaboration to combat elder financial abuse
The Consumer Financial Protection Bureau encouraged participation in Elder Fraud Prevention and Response Networks, which it has helped establish alongside state and local organizations.
ICBA Independent Banker Recognizes Emerging Leaders in Annual 40 Under 40 List
Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America (ICBA), announced its fifth annual list of 40 Under 40: Emerging Community Bank...
ICBA Announces Staff Additions to Government Relations Team
ICBA today announced two additions to its government relations team with the hire of Lance Noggle as senior vice president operations, senior regulatory counsel and Scott Anchin as vice president,...
ICBA urges second framework on harmonizing ISO 20022 requirements
ICBA called on a Bank for International Settlements panel to issue a second proposed framework on ISO 20022 harmonization requirements for enhancing cross-border payments.
Past innovations offer insights on instant payments: blog
A new blog post from ICBA Bancard President and CEO Tina Giorgio reviews the evolution of digital payments and lessons for the current conversation about instant payments.
Global securities watchdog proposes guidelines for crypto regulation
The International Organization of Securities Commissions published a consultation report with its proposed policy recommendations for regulating crypto markets as securities.
House hearings this week on Treasury markets, U.S. dollar
Both chambers of Congress are in session this week. The House Financial Services Committee has two hearings scheduled.
House committee leaders issue discussion draft of crypto market structure bill
House Financial Services Committee Chairman Patrick McHenry (R-N.C.) and House Agriculture Committee Chairman Glenn "GT" Thompson (R-Pa.) released a discussion draft of legislation to establish a...
Regulators propose standards for automated valuation models
Federal regulators requested public comment on a proposed rule designed to implement quality control standards for automated valuation models, or AVMs, used by mortgage originators and secondary...
Regulators Offer Insights, Input and Guidance on the Growth of Community Bank Innovation at ICBA ThinkTECH’s Regulator Day
Recognizing the need to prioritize and foster ongoing engagement between regulators and the community banking technology community, the Independent Community Bankers of America (ICBA) today hosted...
Community bank Q1 net income up 6.1% from a year ago
Community banks reported a 6.1% first-quarter increase in net income from a year ago and a 4.2% decline from the previous quarter, according to the FDIC’s latest Quarterly Banking Profile.
Campaign on CFPB’s 1071 rule continues
With the House still planning to take up a resolution to nullify the Consumer Financial Protection Bureau’s Section 1071 data-collection rule, ICBA continues calling on community bankers to urge...
TCM Bank Celebrates 25 Years of Service to Community Banks
ICBA Bancard®, the payments services subsidiary of the Independent Community Bankers of America (ICBA), announced that its credit card bank, TCM Bank, N.A., is celebrating its 25th anniversary this...
As Community Bankers Gather in Nation’s Capital, Polling Confirms Growing Public Support for Local Banking
ICBA today is kicking off the 2023 ICBA Capital Summit in Washington with the release of new national and state-level polling data showing Americans in all 50 states have an increasingly favorable...
FHFA rescinds upfront fees based on debt-to-income ratio
The Federal Housing Finance Agency rescinded its previously announced upfront fees for certain borrowers with a debt-to-income ratio above 40%.
ICBA Commends FDIC for Exempting Community Banks from Special Assessment
ICBAPresident and CEO Rebeca Romero Rainey issued the following statement on today’s Federal Deposit Insurance Corporation proposed rule on special assessments for the resolutions of Silicon Valley...
ICBA Strongly Supports Bipartisan ACRE Act Offering Tax Relief for Rural Lending
The Independent Community Bankers of America (ICBA) today expressed its strong support for the House introduction of the Access to Credit for our Rural Economy (ACRE) Act (H.R. 3139) to support...
House panel to consider draft bills on agency transparency following bank failures
The House Financial Services Committee today will hold a hearing on several draft bills to increase transparency at federal banking regulators following the recent failures of several large banks.
ICBA Supports Bipartisan Bill to Establish Cannabis Banking Safe Harbor
ICBA today is reiterating its strong support for bipartisan, bicameral legislation that would establish a safe harbor from federal sanctions for financial institutions that serve cannabis-related...
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.
Bowman: Policy response to bank failures shouldn’t undermine tiered regulation
Policymakers should ensure the response to recent bank failures does not undermine regulatory tailoring and risk-based supervision, Federal Reserve Governor Michelle Bowman said.
Wholesale CBDC could speed cross-border payments: N.Y. Fed report
A wholesale central bank digital currency could enable faster, simultaneous, and safer cross-border payments, according to a new report from the Federal Reserve Bank of New York and the Monetary...
House panel meeting this week on FHFA, megabanks
While the Senate is not in session this week, the House Financial Services Committee has two hearings scheduled.
ICBA to Congress: SBA Should Pause 7(a) Rule
ICBA today told Congress that the Small Business Administration should pause new rules lifting the moratorium on the number of non-federally regulated institutions, including nonbank fintech...
CFPB issues small entity guide on 1071 rule
The Consumer Financial Protection Bureau issued a small entity compliance guide on the bureau’s Section 1071 rule on small-business data collection and reporting.
ICBA Releases 2023 Community Banking Policy Resolutions
ICBA today released its legislative and regulatory policy objectives for 2023 during the ICBA Capital Summit. Developed and approved by ICBA volunteer community bankers, these resolutions will...
ICBA-backed bill offering tax relief for rural lending introduced
ICBA expressed its strong support for the House introduction of legislation to exempt from taxation interest income on farm real estate and rural mortgage loans.
CFPB issues guidance on reopening closed deposit accounts
The Consumer Financial Protection Bureau issued a circular affirming that banks might violate federal law if they unilaterally reopen a deposit account to process transactions after a consumer has...
ICBA Capital Summit speakers finalized
Treasury Secretary Janet Yellen and Consumer Financial Protection Bureau Director Rohit Chopra are among the speakers set to address next week’s 2023 ICBA Capital Summit in Washington, D.C.
92% of eligible individuals received Economic Impact Payment: study
Pandemic-era Economic Impact Payments reached 92% of potentially eligible individuals, according to a report from federal researchers.
ICBA Announces Staff Promotions
The Independent Community Bankers of America (ICBA) today announced several staff promotions in recognition of their efforts to support the nation’s community banks.
ICBA to CFPB: Withdraw proposed rule on credit card late fees
ICBA called on the Consumer Financial Protection Bureau to withdraw its proposed rule on credit card fees for late payments.
Nation’s Community Bankers Meet in Washington for ICBA Capital Summit
The Independent Community Bankers of America (ICBA) will host hundreds of community bank leaders during the 2023 ICBA Capital Summit May 14-17 in the nation’s capital.
ICBA Statement on SEC Pledge to Combat Financial Market Manipulation
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on financial market manipulation.
ICBA proposes new USDA Express loan program in congressional testimony
ICBA testified before Congress on its new proposal for a USDA program that would speed up loan approval times and thereby enhance access to credit in rural communities.
Romero Rainey, Giorgio again named top Washington influencers
ICBA President and CEO Rebeca Romero Rainey and ICBA Bancard President and CEO Tina Giorgio were again named to Washingtonian magazine’s list of the 500 Most Influential People in the nation’s...
Senators distinguish failed banks from rest of industry
Senate Banking Committee leaders differentiated recently failed financial institutions from the broader banking industry during a committee hearing on holding executives accountable.
ICBA continues distinguishing community banks in national media
ICBA continued to differentiate community banks from larger financial institutions in the news media following the failure of First Republic Bank.
ICBA Urges CFPB to Withdraw Proposed Rule on Credit Card Late Fees
ICBA called on the Consumer Financial Protection Bureau to withdraw its proposed rule on credit card fees for late payments, saying the proposed rule sends the wrong message that punctual credit...