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Treasury repeats call for new authorities to target crypto crime
The Treasury Department reiterated its calls for Congress to grant the department additional tools to address illicit actors’ use of cryptocurrencies to facilitate crime.
ICBA polling shows Americans oppose credit card routing mandates
With Congress back in Washington following a two-week district work period, ICBA released polling that shows Americans oppose legislation to create credit card routing mandates.
ICBA, groups endorse challenge to credit card late fee rule
ICBA and other groups expressed support for House and Senate resolutions to nullify the Consumer Financial Protection Bureau’s final rule to cut credit card late fees.
Challenge to credit card late fee rule introduced in Senate
An ICBA-backed resolution to nullify the Consumer Financial Protection Bureau’s final rule to cut credit card late fees was introduced in the Senate.
CFPB reports on credit reporting violations as it considers rulemaking
The Consumer Financial Protection Bureau issued a report on accuracy problems in the credit reporting system.
ICBA Capital Summit this month
Registration is open for the 2024 ICBA Capital Summit, the industry’s premier advocacy event slated for April 28-May 1 in Washington, D.C.
Hsu suggests banks should be liable for authorized transactions
Acting Comptroller of the Currency Michael Hsu indicated he supports requiring banks to reimburse customers tricked into sending money to fraudulent accounts.
Independent Banker profiles ICBA board of directors
This month’s ICBA Independent Banker magazine introduces the 2024-2025 ICBA board of directors.
SEC suspends ICBA-opposed climate-disclosure rule
The Securities and Exchange Commission suspended the implementation of its ICBA-opposed final rule requiring climate-related investor disclosures.
CFPB monitoring use of mortgage discount points
The Consumer Financial Protection Bureau said it is monitoring the increase in homebuyers paying “discount points” in recent years.
Community Bankers to Convene for ICBA Capital Summit in the Nation’s Capital
The Independent Community Bankers of America (ICBA) will host hundreds of community bank leaders during the 2024 ICBA Capital Summit from April 28 to May 1 in Washington.
Polling Shows Americans Oppose Durbin-Marshall Credit Card Routing Mandates
With Congress back in Washington following a two-week district work period, new polling from the Independent Community Bankers of America (ICBA) shows Americans say legislation to create credit...
CFPB report targets financial transactions in video games
The Consumer Financial Protection Bureau issued a report examining the growth of financial transactions in online video games and virtual worlds.
FHFA issues progress report on FHLBank policy updates
The Federal Housing Finance Agency provided an update on its implementation of recommendations included in last year’s report on the Federal Home Loan Bank system.
SEC official: Agency taking consistent approach to crypto
The Securities and Exchange Commission’s head of enforcement, Gurbir Grewal, defended his agency’s actions against illicitly traded cryptoassets.
ICBA urges agencies to issue cease-and-desist orders to Navy Federal
Following Navy Federal Credit Union’s announcement that its overseas military banking program will be called “Community Bank,” ICBA urged regulators to issue cease-and-desist orders directing the...
With Navy Federal Calling Itself a Community Bank, ICBA Urges Regulators to Issue Cease-and-Desist Orders
ICBA President and CEO Rebeca Romero Rainey issued the following statement on tax-exempt Navy Federal Credit Union labeling its program to serve overseas military installations "Community Bank,...
ICBA Celebrates Community Banks Powering Local Communities During Community Banking Month in April
In honor of Community Banking Month in April, the Independent Community Bankers of America (ICBA) is highlighting community bank efforts to power local communities and fuel economic prosperity for...
ICBA kicks off Community Banking Month
ICBA kicked off Community Banking Month, which every April recognizes the service and dedication of community banks to their customers and local communities.
Last week of recess for farm bill district meetings
With members of Congress back home in their districts through this week, ICBA continues urging community bankers to continue the grassroots push for a new farm bill with in-person meetings.
CFPB planning credit reporting rulemaking this year: Chopra
The Consumer Financial Protection Bureau is planning to propose rules this year to ensure data brokers comply with the Fair Credit Reporting Act, CFPB Director Rohit Chopra said.
ICBA urges CFPB to withdraw overdraft proposal
ICBA urged the Consumer Financial Protection Bureau to withdraw its proposed rule to apply Regulation Z lending requirements to overdraft services.
FinCEN underestimates beneficial ownership collection burden: ICBA
The Financial Crimes Enforcement Network’s estimated burden of complying with its final rule on accessing beneficial ownership information does not accurately reflect the demands of collecting this...
ICBA to CFPB: Fee proposal another abuse of authority
ICBA urged the Consumer Financial Protection Bureau to stop misusing its authority over unfair, deceptive, or abusive acts or practices to undermine federal disclosure rules.
Court grants ICBA-requested injunction of CRA final rule
A federal judge on Friday granted an injunction against federal banking regulators’ Community Reinvestment Act final rule, as requested by ICBA and other groups in a legal challenge.
ICBA backs congressional challenge to credit card late fee rule
ICBA expressed support for Rep. Andy Barr’s (R-Ky.) introduction of a resolution to nullify the Consumer Financial Protection Bureau’s final rule to cut credit card late fees.
Court rejects Custodia suit over Fed account denial
A federal judge largely upheld the Federal Reserve’s denial of special-purpose depository institution Custodia Bank’s application for a Fed master account.
ICBA Capital Summit set for this month
Registration is open for the 2024 ICBA Capital Summit, the industry’s premier advocacy event slated for later this month in the nation’s capital.
CFPB: Consumer complaints focus on credit bureaus
Consumer complaints about credit or consumer reporting continued to increase in 2023, according to the Consumer Financial Protection Bureau’s latest annual report.
Trade Groups Welcome Injunction Delaying CRA Rules Implementation
ICBA and others issued a statement after the decision by the Northern District of Texas late Friday to pause implementation of the Community Reinvestment Act Final Rules.
ICBA urging farm bill district meetings
With members of Congress back home for a district work period, ICBA is urging community bankers to continue the grassroots push for a new farm bill with in-person meetings.
CFPB issues guidance on remittance advertising
The Consumer Financial Protection Bureau issued a circular warning remittance transfer providers—including digital wallets—that false advertising about the cost or speed of sending a remittance...
ICBA urging district meetings on farm bill
With members of Congress back home for a district work period, ICBA is urging community bankers to continue the grassroots push for a new farm bill with in-person meetings.
Latest on crypto: terrorism sanctions, federal charges
Federal officials announced a new round of legal actions related to the use of cryptocurrencies for illicit purposes.
ICBA to Basel Committee: Strengthen protections against crypto risk
ICBA said the Basel Committee on Banking Supervision’s framework for classifying cryptoasset exposures validates community bank misgivings about cryptocurrencies.
FinCEN seeks comments on customer identification requirements
The Financial Crimes Enforcement Network issued a request for information related to existing requirements for banks under the Customer Identification Program Rule to collect a taxpayer...
Treasury spotlights AI risks for financial sector
The Treasury Department issued a report on how the financial services sector can manage cybersecurity risks posed by artificial intelligence technologies.
CISA releases proposal on cyber reporting standards
The Cybersecurity and Infrastructure Security Agency published for public inspection its pending proposed rule that would require covered entities to report to CISA on covered cyber incidents and...
Payment networks, merchants announce settlement on interchange suit
Visa, Mastercard, major credit card issuers, and the merchants suing them announced a proposed settlement to end nearly two decades of litigation over credit card interchange.
ICBA Capital Summit speakers confirmed
The speakers are set for next month’s 2024 ICBA Capital Summit, the industry’s premier advocacy event.