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CFPB issues overdraft proposal with community bank exemption
The Consumer Financial Protection Bureau issued a proposed rule on overdraft services that would exempt community banks under $10 billion in assets.
OCC issues guidance on shorter securities settlement cycle
The OCC said banks should prepare for a change in the standard securities settlement cycle for most U.S. securities transactions, effective May 28.
Credit card, rural lending grassroots ongoing
ICBA continues calling on community bankers to urge their lawmakers
CISA issues emergency directive on Ivanti vulnerabilities
The Cybersecurity and Infrastructure Security Agency issued an emergency directive that requires agencies to implement vendor-published mitigation guidance immediately to Ivanti Connect Secure and...
Huizenga: SEC underestimates cost of climate disclosure proposal
HFS Subcommittee on Oversight and Investigations Chairman Bill Huizenga (R-Mich.) said the Securities and Exchange Commission has dramatically underestimated the cost of its proposed rule to...
Hsu calls for new liquidity standards for midsize, large banks
Acting Comptroller of the Currency Michael Hsu called for new regulations that would require midsize and large banks to have sufficient liquidity to cover stress outflows over a five-day period.
Agencies start 10-year regulatory review
Federal banking regulators kicked off their decennial review of agency rules under the Economic Growth and Regulatory Paperwork Reduction Act.
ICBA Announces 2024-25 Board of Directors Nominations for Elections During ICBA LIVE in March
ICBA today announced the nominees to serve on its 2024-25 board of directors. ICBA’s current board will vote on the nominations during ICBA LIVE 2024—the largest gathering of community banks in the...
Week in Washington: Fed’s Waller shares economic outlook, hearings on housing supply, capital access
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.
‘Tell Your Story’ Toolkit offers resources for 2024
ICBA’s complimentary "Tell Your Story" Marketing Communications Toolkit offers new and updated resources to help community banks plan for the year ahead.
ICBA, Travelers Celebrate Program’s 40th Anniversary with 22nd Dividend Payout
ICBA announced that its partnership with Travelers, which celebrated 40 years in 2023, will provide its 22nd consecutive annual dividend, bringing its total payout to more than $80 million for...
ICBA Statement on Overdraft Proposed Rule’s Community Bank Exemption
ICBA President and CEO Rebeca Romero Rainey issued the following statement on today’s Consumer Financial Protection Bureau proposed rule on overdraft services, which would exempt community banks...
‘40 Under 40’ nominations now open
ICBA Independent Banker opened nominations for its 2024 “40 Under 40: Community Bank Leaders” awards.
Senators seek agency review of Navy Federal lending disparities
Senate Banking Committee Chairman Sherrod Brown and other Democratic members of the panel called on federal agencies to review Navy Federal Credit Union’s mortgage lending practices following...
ICBA Statement on Tax-Exempt Credit Union Acquisitions of Tax-Paying Community Banks
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on recent acquisitions of tax-paying community banks by tax-exempt credit unions.
ICBA urges action on credit unions following latest community bank acquisition
Following the latest report of a credit union acquisition of a tax-paying community bank, ICBA continued its call for Congress to investigate the credit union tax exemption.
SEC approves bitcoin-based exchange-traded funds
The Securities and Exchange Commission approved a series of proposed rule changes that will allow for the listing and trading of bitcoin-based products on national securities exchanges.
Six payment trends for 2024 featured in new blog post
A new blog post from ICBA Payments President and CEO Tina Giorgio spotlights six key payments trends that will help community banks ease regulatory and economic pressure in 2024.
CFPB issues guidance to consumer reporting companies
The Consumer Financial Protection Bureau issued guidance to consumer reporting companies to address inaccurate background check reports and credit file sharing practices.
Blog post details six payment trends for 2024
A new blog post from ICBA Payments President and CEO Tina Giorgio spotlights six key payments trends that will help community banks ease regulatory and economic pressure in 2024.
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.