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ICBA, groups urge FHFA to change course on VantageScore data release

ICBA and other groups expressed concerns with a Federal Housing Finance Agency plan to publish historical data on the VantageScore 4.0 credit scoring model this year.

May 14, 2024
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Article
Federal Housing Finance Agency

Court injunction pauses CFPB credit card late fee rule

A federal judge issued a temporary injunction of the Consumer Financial Protection Bureau’s final rule on credit card late fees, which was scheduled to take effect tomorrow.

May 13, 2024
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Article
Consumer Financial Protection Bureau (CFPB)

Federal Reserve’s Flawed Debit Card Proposal Harms Banks, Credit Unions and Consumers

America’s banks and credit unions urged the Federal Reserve to rescind its proposal to update Regulation II (Reg II) in a comment letter submitted today. The joint letter was submitted by the Bank...

May 10, 2024
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Article

ICBA urging ACRE Act support during hearing today

ICBA today is calling on the House Ways and Means Committee to take up ICBA-advocated legislation to support lending in rural communities.

May 10, 2024
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Article
Congressional Matters

At hearing, Scott touts challenge to CFPB’s credit card late fee rule

Senate Banking Committee Ranking Member Tim Scott (R-S.C.) touted his ICBA-supported resolution to nullify the Consumer Financial Protection Bureau’s final rule on credit card late fees during a...

May 10, 2024
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Article
Consumer Financial Protection Bureau (CFPB)

Fed report suggests climate risks difficult to measure

The Federal Reserve Board released a summary of an exploratory pilot climate scenario analysis exercise that it conducted with six of the nation's largest banks, with the megabanks reporting...

May 10, 2024
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Article

Independent Banker lists top-performing community banks

This month’s Independent Banker magazine profiles the top-performing community banks of 2024.

May 09, 2024
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Article

Cook: Fed stepping up CRE supervision

The Federal Reserve is stepping up supervisory work with community and regional banks that have significant commercial real estate concentrations, Fed Governor Lisa Cook said.

May 09, 2024
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Article

ThinkTECH Accelerator program starts this month

With the announcement of the latest cohort, ICBA encourages community banks to sign up to participate in the seventh edition of ICBA’s ThinkTECH Accelerator program.

May 09, 2024
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Article

ICBA unveils latest ThinkTECH Accelerator cohort

ICBA announced the launch of the seventh edition of its ICBA ThinkTECH Accelerator program promoting community bank innovation.

May 08, 2024
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Article

ICBA urges agencies to withdraw incomplete compensation proposal

ICBA urged federal banking regulators to withdraw an incomplete proposed rule on incentive-based compensation that lacks support from all relevant regulatory agencies.

May 08, 2024
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Article
Agencies/Regulators 

FDIC issues third-party report on misconduct at the agency

The FDIC released a report from an independent third-party review of allegations of sexual harassment and other misconduct at the agency, management’s response, and the FDIC’s workplace culture.

May 08, 2024
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Article
Federal Deposit Insurance Corporation (FDIC)

ICBA Unveils Latest ThinkTECH Accelerator Cohort

The Independent Community Bankers of America® (ICBA) announced the launch of the seventh edition of its ICBA ThinkTECH Accelerator program (AP7), promoting community bank innovation.

May 07, 2024
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Article

ICBA urges agencies to ensure regulatory review has meaningful impact

ICBA called on federal regulators to take meaningful action to address excessive regulatory burdens on community banks under the agencies’ latest Economic Growth and Regulatory Paperwork Reduction...

May 07, 2024
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Article
Agencies/Regulators 

New op-ed: Congress should reject credit card routing bill

Congress should oppose legislation to establish new credit card rules that would put more money in the pockets of big-box retailers while leaving consumers & community banks to foot the bill, ICBA...

May 07, 2024
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Article
Credit Cards

FinCEN planning pilot program on beneficial ownership info access

The Financial Crimes Enforcement Network has received more than 1.7 million filings on beneficial ownership information since it began accepting reports from reporting companies at the beginning of...

May 07, 2024
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Article
Financial Crimes Enforcement Network (FinCEN)

FDIC, OCC detail merger proposals at House hearing

Federal banking regulators this week testified before Congress on agency proposals to update policies on bank mergers.

May 03, 2024
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Article
Federal Communications Commission (FCC)

FHLBank officials pledge to work with ICBA against harmful changes to system

Four Federal Home Loan Bank officials joined ICBA President and CEO Rebeca Romero Rainey for a fireside chat during the final session of ICBA’s Capital Summit.

May 02, 2024
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Article

Fannie, Freddie publish new policies on value reconsiderations

Fannie Mae and Freddie Mac published new Reconsideration of Value policies after collaborating with the Federal Housing Finance Agency and Federal Housing Administration.

May 02, 2024
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Article
Compliance Secondary Mortgage Market Secondary Mortgage Market

Latest Community Bank Acquisition by Tax-Exempt Credit Union Shows Need for Policy Response

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement following the latest acquisition of a tax-paying bank by a tax-exempt credit...

May 01, 2024
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Article
Credit Unions