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ICBA hits back after second credit union acquisition in two days
Following the second report of a historically large credit union acquisition of a tax-paying community bank in as many days, ICBA once again called on Congress to investigate.
ICBA briefs GAO on authorized payment fraud
ICBA this week met with Government Accountability Office officials to discuss authorized payment fraud, in which scammers dupe consumers into authorizing payments.
CFPB report on credit reporting rulemaking includes ICBA input
The Consumer Financial Protection Bureau released a report on its small-business review ahead of issuing new rules under the Fair Credit Reporting Act.
ICBA Capital Summit registration open
Registration is open for the 2024 ICBA Capital Summit, the industry’s premier advocacy event scheduled for April 28-May 1 in Washington, D.C.
Senate short of votes to override 1071 veto
The Senate fell short of the two-thirds majority needed to override President Joe Biden’s veto of a resolution to overturn the Consumer Financial Protection Bureau’s Section 1071 rule, despite...
ICBA pressing grassroots as senators push for credit card routing hearing
With senators pushing for a hearing as soon as next month on ICBA-opposed legislation to impose credit card routing restrictions, ICBA is calling on community bankers to urge their members of...
ICBA supports proposed CFPB oversight of Big Tech firms
ICBA expressed support for a Consumer Financial Protection Bureau proposed rule that would establish bureau oversight of Big Tech firms and other large nonbank tech companies that offer payments...
FinCEN reports on Identity-Related Suspicious Activity
The Financial Crimes Enforcement Network said 42% of the Bank Secrecy Act reports filed in 2021 related to identity, indicating $212 billion in identity-related exploitations through various schemes.
Beneficial ownership reports to FinCEN top 100K: Yellen
The Financial Crimes Enforcement Network has received more than 100,000 filings on beneficial ownership information since it began accepting reports last week, Treasury Secretary Janet Yellen said.
FDIC’s McKernan: Agencies should review policies on major asset managers
FDIC Director Jonathan McKernan said regulators should investigate the impact of the “Big Three” asset managers—Vanguard, BlackRock, and State Street—on the banking industry.
Grassroots on rural lending relief continues
ICBA continues calling on community bankers to continue urging their members of Congress to co-sponsor legislation to support lending in rural communities.
CRA Partners Adds Community Reinvestment Act Support Services
CRA Partners, a subsidiary of ICBA, announced the addition of CRA support services under an agreement with Michael P. Wallace of Wallace Consulting Co. LLC to help community banks meet new...
ICBA pressing grassroots on rural lending relief
With lawmakers returning to Washington for the second session of the 118th Congress, ICBA is calling on community bankers to continue urging their members of Congress to co-sponsor legislation to...
Bowman: Climate guidance reflects agency loss of focus
Interagency climate risk principles for institutions with at least $100 billion in assets illustrate banking regulators’ lost focus on core financial risks, Federal Reserve Governor Michelle Bowman...
Agency panel advances report seeking DeFi framework
The Commodity Futures Trading Commission’s Technology Advisory Committee advanced a report calling on the government to address risks posed by decentralized finance.
Joint letter on pending overdraft rules makes headlines
A joint letter from ICBA and other groups to the Consumer Financial Protection Bureau on pending rulemakings related to overdraft and non-sufficient-funds fees is making news.
Yellen beneficial ownership remarks kick off week in Washington
Yellen beneficial ownership remarks kick off week in Washington.
ThinkTECH Accelerator sessions start next week
Community bankers can register to participate in the sixth ICBA ThinkTECH Accelerator program to meet with six emerging fintech companies advancing community bank innovation.
CFPB accepting HMDA data submissions
The Consumer Financial Protection Bureau said its filing period for Home Mortgage Disclosure Act data collected in 2023 opened on Jan. 1. Submissions will be considered timely if received on or...
FDIC compares bank impact of different inflationary periods
The recent inflationary period has had a different impact on banks than did the periods of stagflation during the 1970s, the FDIC said in a new report.