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Op-ed: Credit union CRA exemption helped sink Navy Federal
Had Navy Federal Credit Union been subject to the Community Reinvestment Act, it might have avoided reputation disaster with reports of its discriminatory lending, according to a new op-ed.
Agency council issues exam principles on valuation discrimination
The Federal Financial Institutions Examination Council issued a statement of principles related to valuation discrimination and bias for member agencies to consider when examining financial...
ICBA continues grassroots push on several bills
ICBA is calling on community bankers to use its Be Heard grassroots action center to urge Congress to support several pro-community bank bills.
ICBA-advocated ‘trigger leads’ bill introduced in House
The House version of bipartisan legislation designed to help protect the financial privacy of mortgage applicants was introduced Thursday.
ICBA continues hearing push following latest credit union acquisition
ICBA continued its calls for Congress to investigate credit union acquisitions of tax-paying community banks following another new acquisition.
USDA projects ag income decline amid farm bill talks
The USDA is projecting further sharp declines in farm-sector income in 2024, which could have implications for ongoing farm bill negotiations.
Fed’s Bowman urges fair rules for community banks
Fairness for community banks often appears to be a non-factor when considering which proposals make the regulatory agenda, Federal Reserve Governor Michelle Bowman said.
ICBA files protest of largest-ever credit union bank acquisition
ICBA filed a Community Reinvestment Act protest in the acquisition of First Financial Northwest Bank in Renton, Wash., by Global Credit Union of Anchorage, Alaska. If approved, it would be the...
ICBA, groups urge VA to streamline home loan program
ICBA and other groups called on the Department of Veterans Affairs to align the minimum property requirements under its Home Loan Guaranty Program with the standards established by Fannie Mae and...
Welcome Our Newest Field Rep, Ayana Bass-Myers
Please join us in welcoming our newest field rep, Ayana Bass-Myers. Ayana will be serving Maryland, Delaware, Washington DC, Pennsylvania, Virginia, and West Virginia.
ICBA Extends Multiyear Deal with Endorsed Broker-Dealer Stifel for Community Bank Portfolio Services
The Independent Community Bankers of America (ICBA) announced a multiyear deal with Stifel to continue offering investment products and services to community banks through a partnership with ICBA’s...
Study: Credit card routing bill would harm small businesses
ICBA-opposed legislation to impose credit card routing restrictions would disproportionately benefit the nation’s top five businesses and put small retailers at a further competitive disadvantage,...
Credit union regulator: lack of third-party oversight ‘Achilles’ heel’
National Credit Union Administration Chairman Todd Harper said his agency’s lack of oversight of credit union service organizations is an Achilles’ heel for the credit union system.
Lawmakers urge House hearing on Navy Federal lending practices
House Financial Services Ranking Member Maxine Waters (D-Calif.) and other Democratic committee members urged Chairman Patrick McHenry (R-N.C.) to hold a hearing on reports of discriminatory...
Tax Foundation calls for end of credit union tax exemption
The nonpartisan Tax Foundation released a new report calling on policymakers to wean credit unions off taxpayer subsidies.
ICBA continues grassroots on ILC, ‘trigger leads’ bills
ICBA is calling on community bankers to urge their members of Congress to support bills that would close the industrial loan company loophole and protect the financial privacy of mortgage applicants.
ICBA to FTC: Exclude community banks from fee rulemaking
ICBA urged the Federal Trade Commission to explicitly exclude community banks from a proposed rule requiring commercial businesses to include all mandatory fees when advertising their prices.
As agencies launch reg review, ICBA urges meaningful results
With the federal banking agencies launching their latest regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act, ICBA urged the agencies to advance more meaningful...
Yellen calls for federal floor on stablecoin regulations
While federal agencies have some regulatory authority to oversee digital assets, Congress should develop a framework to close gaps in oversight, Treasury Secretary Janet Yellen told the House...
ICBA Urges Federal Banking Agencies to Ensure Meaningful Regulatory Review
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the start of the interagency review of federal banking regulations under the...