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ICBA Names Chris Gully Assistant Vice President of Member Relations
ICBA today announced the hire of Chris Gully as AVP of member relations. In this role he will work with ICBA’s member relationship officers to educate existing and prospective members about ICBA...
CFPB proposes nonbank registry of form contract terms
The Consumer Financial Protection Bureau proposed a rule to establish a public registry of supervised nonbanks’ terms and conditions in “take it or leave it” form contracts.
FinCEN requests comment on beneficial ownership information reporting
The Financial Crimes Enforcement Network today is slated to request public comments on two notices related to beneficial ownership information reporting, with comments due by March 20.
OCC issues revised fair lending booklet
The OCC issued a revised version of the “Fair Lending” booklet of the Comptroller’s Handbook.
House Financial Services subcommittee chairs named
House Financial Services Committee Chairman Patrick McHenry (R-N.C.) announced the panel’s subcommittees, chairs, and jurisdiction for the 118th Congress.
Register for ICBA LIVE 2023: the Largest Networking Event for the Nation’s Community Bankers
Register for ICBA LIVE 2023: the Largest Networking Event for the Nation’s Community Bankers Register today for the Independent Community Bankers of America’s (ICBA) national convention, ICBA LIVE...
CFPB planning ‘pre-rule’ overdraft activity: agenda
The Biden Administration’s Office of Information and Regulatory Affairs published the regulatory agencies’ fall 2022 rulemaking agenda.
CFPB accepting HMDA data submissions
The Consumer Financial Protection Bureau said its filing period for Home Mortgage Disclosure Act data collected in 2022 opened on Jan. 1. Submissions will be considered timely if received on or...
ICBA Announces Nominations for 2023-24 Board of Directors
The Independent Community Bankers of America (ICBA) today announced the nominees to serve on its 2023-24 board of directors.
USDA expands eligibility for emergency programs
The USDA’s Farm Service Agency expanded eligibility and enhanced available benefits for several programs that provide support following natural disasters.
Fed’s Bowman: Regulators shouldn’t hinder crypto innovation
Federal Reserve Governor Michelle Bowman said that while crypto-assets can pose significant risks to consumers and the financial system, regulators should avoid hindering innovation.
Powell: Fed climate responsibilities narrow
Federal Reserve Chair Jerome Powell said the Fed has narrow responsibilities regarding climate-related financial risks, while broader climate policies should be made by elected officials.
ICBA to SBA: Don’t Add Unregulated Fintechs to Federal Loan Program
ICBA reiterated its call for the Small Business Administration to maintain its long-standing moratorium on the number of non-federally regulated institutions, including nonbank fintech companies,...
Banking agencies issue new crypto guidance
Federal banking regulators issued a statement highlighting key crypto risks for banking organizations and describing the agencies’ approaches to supervision in this area.
Bolton: Wells Fargo penalty reflects too-big-to-fail plague
The Consumer Financial Protection Bureau’s latest penalty against Wells Fargo Bank reflects the unfortunate fact that the too-big-to-fail problem is alive and well, ICBA Chairman Brad Bolton wrote...
GSE Form 1103, fair lending requirements effective March 1
Fannie Mae and Freddie Mac are reminding lenders that they will require the Supplemental Consumer Information Form (Form 1103) for new conventional loans with application dates on or after March 1.
ICBA/Travelers Deliver 21st Consecutive Dividend for Participating Community Banks
The Independent Community Bankers of America (ICBA) today announced the 21st consecutive dividend for community banks participating in the Travelers ICBA insurance program’s Policyholder Safety...
CFPB updates TILA thresholds
The Consumer Financial Protection Bureau issued a final rule amending the official interpretations for Regulation Z, which implements the Truth in Lending Act, to update the dollar amounts of...
Romero Rainey: ICBA, community bankers stand together in 2022
ICBA President and CEO Rebeca Romero Rainey said ICBA and community bankers this year proved once again to be effective advocates in Washington.
Boston Fed, MIT end CBDC research project
The Federal Reserve Bank of Boston and MIT concluded their joint Project Hamilton research project into the technical feasibility of a potential U.S. central bank digital currency.
Toomey bill would allow Fed master accounts for stablecoin issuers
Retiring Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) introduced legislation on stablecoin regulation, contributing to the debate over crypto oversight that will resume during the...
CFPB adjusts asset-size thresholds
The Consumer Financial Protection Bureau issued three annual threshold adjustment final rules.
ICBA response to New York climate proposal making news
ICBA’s pushback against New York State Department of Financial Services proposed guidance on climate risk is making headlines.
ICBA pledges to ensure community bank voice is heard on FDIC board
Following the Senate confirmation of FDIC board members, including FDIC Acting Chairman Martin Gruenberg’s nomination for chairman, ICBA released a statement pledging to work with the officials on...
ICBA Statement on Confirmation of FDIC Board Nominees
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Senate confirmation of President Joe Biden’s nominees to the Federal...
ICBA Statement on New York’s Proposed Climate Risk Guidance
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on New York State Department of Financial Services proposed guidance on climate...
Durbin Amendment expansion out of congressional omnibus
Congress left out of its end-of-year omnibus spending bill numerous ICBA-opposed legislative initiatives, including language to extend the Durbin Amendment to credit cards.
CFPB updates HELOC brochure
The Consumer Financial Protection Bureau issued an update to its “What you should know about home equity lines of credit” brochure.
NCUA chief backs bill to tighten credit union cyber oversight
The head of the National Credit Union Administration called on Congress to pass ICBA-advocated legislation that would authorize the agency to examine credit union third-party service providers for...
FinCEN proposes rule on accessing beneficial ownership info
The Financial Crimes Enforcement Network issued a proposed rule governing access to and protection of beneficial ownership information.
Regulators adopt Fair Debt Collection Practices Act exam procedures
The Federal Financial Institutions Examination Council’s Task Force on Consumer Compliance adopted revised examination procedures for the Fair Debt Collection Practices Act and its implementing...
ICBA op-ed: FDIC should draw down assessment rate increase
With the Federal Reserve's interest rate hikes hastening the normalization of deposits, the FDIC should respond by quickly drawing down its assessment rate increase, ICBA Chairman Brad Bolton wrote...
New bill would establish national data breach standard
Rep. Blaine Luetkemeyer (R-Mo.) reintroduced ICBA-advocated legislation to establish a national data breach notification standard.
ICBA backs ‘same risk, same regulation’ approach to crypto oversight
ICBA said it strongly supports the Financial Stability Board’s approach to international crypto-asset regulation that is based on the principle of “same activity, same risk, same regulation.”
ICBA continues grassroots push as Congress debates omnibus
With Congress debating end-of-year omnibus spending legislation, ICBA continues calling on community bankers to reach out to lawmakers on ICBA-advocated cannabis banking legislation and...
N.Y. banking agency issues crypto guidance
The New York Department of Financial Services released guidance for New York-regulated banking organizations that wish to engage in virtual currency-related activities.
FS-ISAC spotlights Cuba ransomware, smash-and-grab mitigation
The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary spotlights the recent Joint Cybersecurity Advisory on Cuba ransomware variants.
New ICBA Polling Shows Consumer Opposition to Bill That Would End Credit Card Rewards Programs
As Congress considers legislation to apply routing restrictions to credit card transactions — which would end popular credit card rewards programs — the ICBA released new polling...
Grassroots needed on cannabis banking, Durbin Amendment
While the National Defense Authorization Act excludes ICBA-advocated cannabis banking legislation and ICBA-opposed language to expand the Durbin Amendment, the debate over both initiatives continues.
CFPB: TILA doesn’t preempt N.Y. disclosure law
The Consumer Financial Protection Bureau issued a preliminary determination that the Truth in Lending Act does not preempt a New York state law requiring commercial financing disclosures.