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ICBA again rejects Biden ‘junk fee’ remarks
ICBA rejected President Joe Biden’s latest mischaracterization of overdraft services and credit card fees for late payments as “junk fees.”
SEC finalizes ICBA-opposed climate-disclosure rule
The Securities and Exchange Commission approved a final rule requiring climate-related investor disclosures with some ICBA-advocated relief for publicly held community banks, though ICBA said it...
ICBA quarterly advocacy briefing today
ICBA today is hosting its first-quarter update on regulations and congressional events from inside the Capital Beltway.
Powell: Regulators will change Basel III Endgame rule
Federal Reserve Chair Jerome Powell told Congress that regulators will likely make substantial updates to their proposed Basel III Endgame capital standards.
ICBA Statement on SEC Final Rule on Climate Disclosures
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey released the following statement on today’s Securities and Exchange Commission final rule requiring public...
Tether stablecoin—a destination for scammed funds—tops $100B
The unregulated Tether stablecoin reached $100 billion in circulation this week amid rising demand for cryptocurrencies, Reuters reported.
ICBA Statement on CFPB Rulemaking on Credit Card Late Fees
Independent Community Bankers of America President and CEO Rebeca Romero Rainey released the following statement on today’s Consumer Financial Protection Bureau final rule on credit card fees for...
ICBA Statement on White House Comments on Overdraft, Credit Card Services
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey released the following statement on today’s White House comments on overdraft and credit card services ahead...
CFPB finalizes rule on credit card late fees with community bank exemption
ICBA said it remains concerned about the unintended consequences of a newly released Consumer Financial Protection Bureau final rule to cut credit card late fees despite an exemption for the...
WSJ: Better rates, face time sending consumers to community banks
A growing number of bank customers are moving their money from large institutions to community banks, according to a new Wall Street Journal report.
Independent Banker introduces incoming ICBA chairman Lucas White
The March issue of ICBA Independent Banker magazine profiles incoming ICBA Chairman Lucas White.
ICBA quarterly advocacy briefing this week
ICBA this week is hosting its first-quarter update on regulations and congressional events from inside the Capital Beltway.
Consumers lose protections with credit union-bank acquisitions: NCUA official
Consumers receive fewer financial protections from tax-exempt credit unions than they do from tax-paying banks and lose protections when credit unions acquire banks, according to a top National...
ICBA poll shows Americans support changing credit union policies
With credit union representatives meeting with members of Congress in Washington this week, ICBA today is releasing new polling data showing Americans support reforms to policies that arbitrarily...
Regulators meeting this week at Community Reinvestment Conference
Regulators meeting this week at Community Reinvestment Conference.
Poll: Americans Support Changing Policies Favoring Tax-Exempt Credit Unions
The Independent Community Bankers of America (ICBA) today released new polling data showing Americans support reforms to policies that arbitrarily favor credit unions.
CFPB issues guidance on financial comparison-shopping sites
The CFPB issued guidance to law enforcement agencies and regulators explaining how companies operating comparison-shopping tools can break the law when they steer consumers to certain products or...
ICBA urging opposition to Florida credit union bill
ICBA is encouraging Florida community bankers to respond to the Florida Bankers Association’s request for phone calls opposing state legislation to expand the powers of tax-exempt credit unions.
Fed’s Bowman: CRA rule would constrain community banks
The Community Reinvestment Act final rule issued last fall is unnecessarily complex and would impose disproportionate regulatory burdens on community banks, Federal Reserve Governor Michelle Bowman...
ICBA-backed bill would codify program supporting minority banks
Rep. Joyce Beatty (D-Ohio) introduced ICBA-supported legislation to codify a Treasury Department program to support minority depository institutions and other community banks.
FHFA changes timeline for new credit score models
The Federal Housing Finance Agency announced updates to the implementation of new credit score requirements for single-family loans acquired by Fannie Mae and Freddie Mac.
‘Pig butchering’ scams have nabbed $75B: study
A new academic paper found “pig butchering” scams—in which victims invest increasing sums in supposedly legitimate virtual currency enterprises before being conned out of their money—claimed $75...
Global group warns of crypto intermediary, stablecoin risks
The head of the Financial Stability Board warned of the risks posed by multifunction crypto intermediaries and stablecoins.
Independent Banker magazine, podcast honored
ICBA’s Independent Banker magazine took home top honors in its category for this year’s Association Trends 2024 TRENDY Awards, while the Independent Banker podcast also received recognition in the...
Navy Federal fallout continues on Capitol Hill
The fallout of reports on discriminatory lending at Navy Federal Credit Union continued Wednesday with new congressional leaders seeking an inquiry.
ICBA Independent Banker Named Best Monthly Magazine by Association Trends
ICBA Independent Banker magazine took home top honors in its category for this year’s Association Trends 2024 TRENDY Awards, while the Independent Banker podcast also received recognition in the...
Barr: Fed monitoring large banks’ hedge fund risks
Large banks should be doing more to account for the counterparty risks posed by hedge funds and other nonbanks, Federal Reserve Vice Chair for Supervision Michael Barr said.
Honoring Our Past, Embracing Our Future
As ICBA Bancard transitions to ICBA Payments, reflecting on our past will help to fuel our future success. While our name has changed, the goal of serving community banks has remained a constant...
A Renewed Commitment to Our Mission
From deploying instant payments to enhancing the customer experience to competing with Bigtech, community banks face complex decisions about priorities amidst current fiscal realities.
Bill to bar U.S. CBDC introduced in Senate
ICBA-advocated legislation that would restrict the ability of the federal government to introduce a U.S. central bank digital currency was introduced in the Senate after passing the House Financial...
Global AML watchdog warns of lagging crypto standards
The Financial Action Task Force—a global anti-money-laundering watchdog—said many countries have not implemented its recommended standards on virtual assets, allowing criminals to exploit gaps in...
Treasury sanctions Russia’s national payment system
The Treasury Department’s Office of Foreign Assets Control announced sanctions on nearly 300 Russian individuals and entities, including the operator of the Mir National Payment System.
Hsu: Crypto industry slowing progress on supervision
Crypto industry resistance and jurisdictions competing for crypto business have held up progress on consolidated supervision of cryptoassets, Acting Comptroller of the Currency Michael Hsu said.
ICBA urging outreach on new farm bill
ICBA is urging community bankers to call and write their members of Congress on the pending farm bill.
Grassroots Alert: Time to weigh in on new farm bill
ICBA is urging community bankers to both call and write their members of Congress today on the pending farm bill using ICBA’s newest grassroots advocacy materials.
Novel bank denied Fed master account
A novel financial institution that would pass deposits directly into a Federal Reserve master account announced it was denied access to a Fed master account.
IG: FDIC human capital challenges affecting exams
The FDIC Office of the Inspector General said strategic human capital management is the FDIC’s top challenge and is affecting the agency’s ability to conduct exams.
ICBA urges agencies to ensure reg review provides substantive relief
ICBA called on federal banking regulators to ensure their latest regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act provides substantive regulatory relief for...
ICBA to Agencies: Latest Regulatory Review Should Provide Substantive Relief to Community Banks
ICBA today called on federal banking regulators to ensure their latest regulatory review under the EGRPRA provides substantive regulatory relief for community banks, which previous reviews under...
Bowman: Regulators should not dictate bank strategy
The role of the Federal Reserve and other regulators in overseeing banks is not to make credit allocation decisions, but to ensure institutions manage their material risks, Fed Governor Michelle...