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2025 Summer Internship Diaries - Vol. 3
Over our 5th and 6th weeks of programming, we continued to develop our skills, learn from ICBA leaders, and have a bit of fun along the way.
ICBA urges Congress to update regulatory thresholds
ICBA urged Congress to pursue a much-needed update to regulatory thresholds created by the Dodd-Frank Act.
ICBA Congratulates Luke Pettit on Confirmation as Treasury Assistant Secretary for Financial Institutions
ICBA President and CEO Rebeca Romero Rainey issued the following statement on the Senate confirmation of President Donald Trump’s nomination of Luke Pettit to be Treasury assistant secretary for...
ICBA details community bank provisions of new tax law
ICBA released a briefing document outlining the key community banking provisions of the recently passed One Big Beautiful Bill Act budget reconciliation package (H.R. 1).
OCC says it will no longer examine banks for disparate impact
The OCC announced that it removed references for disparate impact liability from the “Fair Lending” booklet of the Comptroller’s Handbook.
Texas banks raise funds for flood recovery
Community banks in Texas are raising money for flood relief.
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.
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.
Judge overturns rule that removed medical debt from credit reports
A federal judge in Texas reversed an ICBA-opposed Consumer Financial Protection Bureau rule that barred consumer credit reports from including medical debt.
Agencies issue statement on cryptoasset safekeeping
The federal banking agencies issued a joint statement to provide clarity on banks' engagement in cryptoasset-related activities, highlighting potential risk-management considerations related to...
ICBA Urges OCC to Consider Key Principles for Digital Asset National Bank Charter Applications
In light of an increase in charter applications from nonbank digital asset firms, ICBA today urged the Office of the Comptroller of the Currency to keep in mind several key principles when...
Senate confirms Bill Briggs as SBA deputy administrator
The Senate voted to confirm William Briggs as deputy administrator of the Small Business Administration.
USDA announces expedited disaster assistance for farmers
Agriculture Secretary Brooke Rollins announced that farmers who suffered eligible crop losses due to natural disasters in 2023 and 2024 can apply for $16 billion in assistance through the...
Agencies propose to revise, extend call reports
The federal banking agencies published a proposal to revise the FFIEC 031 call report and to extend the FFIEC 041 and FFIEC 051 call reports without revision.
ICBA Payments Appoints Two New Members to Board of Directors
ICBA Payments, the payments-services subsidiary of ICBA, today announced the election to its board of directors Corey Neil, president and CEO of The Bank of Tampa, and Josh Hogue, president and CEO...
ICBA Congratulates Jonathan Gould on Comptroller of the Currency Confirmation
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Senate confirmation of President Donald Trump’s nomination of Jonathan...
OCC updates info on notices, posters
The OCC announced updates for certain notices and posters required by the Community Reinvestment Act, Equal Credit Opportunity Act, and Fair Housing Act.
New York Community Banker Joins TCM Bank Board
TCM Bank, N.A., the credit card bank of ICBA Payments, announced the election of Jill Sung, president and CEO of Abacus Federal Savings Bank, to the TCM Bank Board of Directors.
Georgia approves Stripe application to form MALPB
The state of Georgia approved Stripe’s application for a merchant acquirer limited purpose bank charter, or MALPB.
Fed rate-setters indicate support for cutting rates at next meeting: minutes
While all participants in last month’s Federal Open Market Committee meeting supported holding steady on target interest rates, “a couple” of participants said they would be open to cutting rates...