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CDFI Fund advisory board meeting this month
The Community Development Advisory Board—which advises the Community Development Financial Institutions Fund—is scheduled to meet at 2 p.m. (Eastern time) Wednesday, Jan. 17. The...
ICBA PAC auction tickets available
Tickets are now available for ICBA PAC’s 35th Annual Auction Fundraiser, which is scheduled for Saturday, March 16, during ICBA LIVE in Orlando.
Senate committee chairman: ILC loophole a top 2024 priority
Senate Banking Committee Chairman Sherrod Brown (D-Ohio) included ICBA-supported legislation to close the industrial loan company loophole in his list of priorities for the coming year.
ICBA mission crucial to 2023 successes: Romero Rainey
Never has ICBA’s community bank-focused mission been more important than in 2023, ICBA President and CEO Rebeca Romero Rainey said this week in a message to the nation’s community bankers.
New NCUA board member confirmed
The Senate confirmed Tanya Otsuka to serve as a member of the National Credit Union Administration board. Otsuka replaces board member Rodney Hood, whose term expired in August.
FDIC finalizes rules on official sign, misrepresentations
The FDIC board of directors adopted a final rule to modernize rules governing the use of official FDIC signs and to clarify agency regulations on deposit insurance misrepresentations.
Agencies adjust CRA asset thresholds
Federal regulators announced the 2024 updated asset-size thresholds used to define "small banks" and "intermediate small banks" under their current Community Reinvestment Act regulations.
Romero Rainey: ICBA mission crucial to 2023 successes
Never has ICBA’s community bank-focused mission been more important than in 2023, ICBA President and CEO Rebeca Romero Rainey said in a message to the nation’s community bankers.
FDIC emphasizes impact of largest banks on 2024 budget
The FDIC board of directors approved the agency’s 2024 operating budget while citing the disproportionate cost of overseeing the largest and riskiest banks.
Navy Federal faces lawsuit following reports of discriminatory lending
Plaintiffs this week filed a class-action lawsuit against Navy Federal Credit Union following last week’s CNN report of the credit union’s wide racial disparities in mortgage approval rates.
Key lawmaker to Navy Federal: Explain report on lending disparities
House Financial Services Committee Ranking Member Maxine Waters (D-Calif.) said Navy Federal Credit Union must explain itself to Congress following last week’s CNN report of its wide racial...
ICBA urges passage of new Senate bill to close ILC loophole
ICBA expressed strong support for the introduction of Senate legislation to close the industrial loan company loophole.
SEC rejects Coinbase request for crypto framework
The Securities and Exchange Commission denied Coinbase’s request for the agency to develop a new regulatory framework for cryptoasset securities.
Senate bill would improve supervisory appeals process
ICBA-advocated legislation to improve the bank examination environment through a workable appeals process was introduced in the Senate.
FDIC board meeting tomorrow on budget, signage
The FDIC scheduled a board meeting for 2 p.m. (Eastern time) tomorrow, Dec. 20.
FDIC issues advisory on CRE concentrations
The FDIC issued an advisory to reemphasize the importance of strong capital, appropriate credit loss allowance levels, and robust credit risk-management practices for institutions with commercial...
Farm Credit System growth slows in 2023
The Farm Credit Administration board met last week to receive a quarterly report on economic conditions affecting the agricultural economy and Farm Credit System institutions.
ICBA Hosts First ThinkTECH Connect To Showcase Community Bank Innovation
The Independent Community Bankers of America® (ICBA) hosted its first ThinkTECH Connect event, an ICBA event showcasing rapid-fire pitches from 10 emerging fintechs that address community bank pain...
Webinar to help navigate recent CRA changes
ICBA is hosting a webinar next month on the federal banking agencies’ recently finalized changes to Community Reinvestment Act regulations.
CNN reports on credit union lending disparities, citing CRA exemption
The nation’s largest credit union has the widest racial disparities in mortgage approval rates of any major lender, CNN reported.
Basel panel proposes tighter standards on bank stablecoin exposures
The Basel Committee published a new consultation paper proposing to refine how it treats stablecoins in its standards for banks’ cryptoasset exposures.
ICBA Strongly Supports Senate Bill to Close ILC Loophole
ICBA today expressed its strong support for bipartisan legislation to close the industrial loan company (ILC) loophole, which allows commercial companies to own full-service banks without the same...
Williams: Community bankers focused on regulatory environment
ICBA Chairman Derek Williams discusses the community banking industry’s 2024 outlook in the latest “Banking with Interest” podcast from IntraFi.
ThinkTECH Accelerator registration open
Community bankers can now register to participate in the sixth ICBA ThinkTECH Accelerator program to meet with six emerging fintech companies advancing community bank innovation.
ICBA quarterly briefing today
ICBA today is hosting its fourth-quarter update on industry news and highlights.
ICBA quarterly briefing tomorrow
ICBA tomorrow is hosting its fourth-quarter update on industry news and highlights. Scheduled for 2 p.m. (Eastern time) tomorrow, Dec. 13
ICBA names Aaron Stetter as EVP of affiliate, volunteer relations
ICBA announced that Aaron Stetter is rejoining the organization in a newly created role as executive vice president of affiliate and volunteer relations.
The week ahead: final Fed meeting of 2023
The week ahead: final Fed meeting of 2023
Revised CDFI certification application released
The Community Development Financial Institutions Fund issued a revised CDFI certification application that addresses ICBA concerns with a previously released proposal.
FDIC: DIF restoration on track
The FDIC projects the Deposit Insurance Fund reserve ratio will likely reach its 1.35% minimum by the statutory deadline of Sept. 30, 2028, according to an agency update on its DIF restoration plan.
Fed holds rates steady, hints at 2024 cuts
The Federal Open Market Committee voted to hold target interest rates at a range of 5.25-5.50% and indicated rate cuts are on the table in 2024.
Postal Inspectors warning consumers about check washing
The U.S. Postal Inspection Service is warning consumers about check washing, in which fraudsters change payee names and dollar amounts on checks and fraudulently deposit them.
ThinkTECH Connect set for today
ICBA today is hosting a fast and informative session to explore fintech solutions for community banks.
ICBA Supports Bill to Restrict Sale of ‘Trigger Leads’
The Independent Community Bankers of America (ICBA) today expressed support for bipartisan legislation to help protect the financial privacy of mortgage applicants.
Today: CDFI Fund webinar on revised certification application
The Community Development Financial Institutions Fund is slated to host a live webinar at 1:30 p.m. (Eastern time) today on its recently revised CDFI certification application.
Buhrmaster named New York Fed director
The Federal Reserve Bank of New York announced that former ICBA Chairman John Buhrmaster, president and CEO of 1st National Bank of Scotia, N.Y., has been elected as a Class A director representing...
ICBA Past Chairman Jim Ghiglieri dies
ICBA Past Chairman Jim Ghiglieri died Saturday morning. The former president of Alpha Financial Group in Toluca, Ill., served as ICBA chairman in 2007-2008.
FDIC committee on misconduct announces firm conducting review
The FDIC’s special committee to oversee a third-party review of the agency’s workplace culture and misconduct said it appointed the law firm of Cleary Gottlieb Steen & Hamilton LLP to conduct the...
OCC: 56.4% of examiners dedicated to midsize, community banks
The OCC said 56.4% of its examiners are assigned to midsize and community bank supervision, compared with 31% assigned to large bank supervision.
New podcast on ICBA Community
The latest episode of ICBA’s “Independent Banker” podcast spotlights the positive impact of the ICBA Community platform and how community bankers can make the most out of the platform.