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ICBA push on credit union deals garners more media attention

ICBA’s campaign opposing credit union acquisitions of tax-paying community banks continued generating headlines with a new Bloomberg report on the FDIC’s recent policy update on bank mergers.

Sep 27, 2024
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Article
Credit Unions

Senator Moran: Help needed for agriculture

The current farm bill is not adequate to provide relief or safety nets for U.S. farmers, nor is it reflective of the current state of the farm economy, said Sen. Jerry Moran (R-Kan.), a lead...

Sep 25, 2024
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Article
Farm Bill

CFPB sets up webpage for standard-setting organizations

The Consumer Financial Protection Bureau set up a webpage for public comment applications to become a recognized standard setter under the Personal Financial Data Rights Rule.

Sep 25, 2024
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Article
Consumer Financial Protection Bureau (CFPB)

ICBA files appellate brief in CRA rule legal challenge

ICBA and other groups filed an appellate brief with the U.S. Court of Appeals for the 5th Circuit as part of their legal challenge to federal banking regulators’ Community Reinvestment Act final rule.

Sep 24, 2024
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Article
Compliance Community Reinvestment Act (CRA)

Community bankers report reg burden during EGRPRA outreach meeting

Community bankers voiced discontent with excessive regulatory burdens during an ICBA-advocated outreach meeting under the current Economic Growth and Regulatory Paperwork Reduction Act review.

Sep 26, 2024
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Article
Office of the Comptroller of Currency (OCC)

OCC: Banks affected by Hurricane Helene can close

The OCC said national banks, federal savings associations, and federal branches and agencies of foreign banks can close in areas of Alabama, Florida, Georgia, and Tennessee affected by Hurricane...

Sep 26, 2024
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Article

ICBA: Record-tying credit union acquisition comes amid increased scrutiny

Following this year’s 16th credit union acquisition of a community bank — which ties the record for most in a single year — ICBA continued its call for Congress to investigate credit...

Sep 25, 2024
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Article
Credit Unions

Another Community Bank Acquisition by Tax-Exempt Credit Union as Policymakers and Taxpayers Increase Scrutiny

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey today issued the following statement after this year’s 16th acquisition of a tax-paying bank by a tax-exempt...

Sep 24, 2024
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Article
Credit Unions