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OCC issues 2022 supervision plan
OCC issues 2022 supervision plan The OCC released its bank supervision operating plan for fiscal 2022. The plan provides the foundation for policy initiatives and for supervisory strategies to...
Senators debating IRS reporting plan today
Senators debating IRS reporting plan today Senators are set to host dueling press conferences today on the Biden administration’s ICBA-opposed plan to require banks to report customer information...
ICBA: Guidance on third parties a key step
ICBA: Guidance on third parties a key step ICBA told regulators it supports their efforts to consolidate guidance on third-party risk management while providing recommendations on the proposed...
ICBA, groups push back on IRS reporting false claims
ICBA, groups push back on IRS reporting false claims With Congress working to modify its IRS reporting proposal in response to widespread opposition, ICBA and 100 other organizations pushed back...
ICBA backs hybrid exam model
ICBA backs hybrid exam model ICBA encouraged the FDIC to adopt a hybrid examination model that uses on-site and off-site exam activity as it explores the future of post-pandemic oversight. ICBA...
Jack Henry Partners with Open Banking Providers to Enhance Digital Platform
Jack Henry Partners with Open Banking Providers to Enhance Digital Platform Jack Henry announced today that Finicity, Akoya, and Plaid are among the first open banking pioneers to integrate to the...
ICBA concerns with OCC nomination make headlines
ICBA concerns with OCC nomination make headlines The New York Times covered ICBA’s concerns with the nomination of Cornell University law professor Saule Omarova for comptroller of the currency....
OCC nomination continues generating press
OCC nomination continues generating press ICBA’s concerns with the nomination of Cornell University law professor Saule Omarova for comptroller of the currency continued generating headlines....
Senators ramp up opposition to IRS reporting plan
Senators ramp up opposition to IRS reporting plan Congressional pushback against the reconciliation package’s ICBA-opposed IRS reporting proposal continued with commentary from Senate leaders....
Senators continue opposition to 7(a) direct lending
Senators continue opposition to 7(a) direct lending A group of 15 Republican senators led by Tim Scott (S.C.) continued pushing back against ICBA-opposed proposed changes to the SBA 7(a) loan...
DOJ team to target crypto platforms
DOJ team to target crypto platforms The Justice Department has launched a team to target cryptocurrency platforms that support money laundering, a top DOJ official said The Justice Department has...
Global regulators issue guidance on stablecoin oversight
Global regulators issue guidance on stablecoin oversight Central bankers and international securities regulators issued guidance on how financial market principles would apply to stablecoins....
WSJ editorial targets IRS reporting plan
WSJ editorial targets IRS reporting plan ICBA’s campaign against the reconciliation package’s IRS reporting proposal picked up additional steam with a Wall Street Journal editorial opposing the...
Quarles: LIBOR definitely expiring at year-end
Quarles: LIBOR definitely expiring at year-end Market participants should act now to accelerate their transition away from LIBOR, Federal Reserve Vice Chair for Supervision Randal Quarles said....
Financial Stability Board issues stablecoin progress report
Financial Stability Board issues stablecoin progress report The Financial Stability Board issued a progress report on its implementation of high-level recommendations on regulating “global...
Administration planning crypto charter proposal: report
Administration planning crypto charter proposal: report The Biden administration’s upcoming report on digital assets will include recommendations on imposing bank-like regulation on crypto...
ICBA Testifies on Preserving Community Bank SBA Lending
ICBA Testifies on Preserving Community Bank SBA Lending The Independent Community Bankers of America today called on Congress to reject proposed changes to the Small Business Administration 7(a)...
ICBA Securities’ Exclusively Endorsed Broker Announces Sale
ICBA Securities’ Exclusively Endorsed Broker Announces Sale ICBA Securities Inc., the broker-dealer subsidiary of the Independent Community Bankers of America, released the following statement in...
ICBA takes on postal banking pilot in press
ICBA takes on postal banking pilot in press ICBA continued its pushback against the U.S. Postal Service’s quiet launch of a financial services pilot program to test postal banking. ICBA continued...
Minority bank council to Congress: reject IRS reporting plan
Minority bank council to Congress: reject IRS reporting plan ICBA’s Minority Bank Advisory Council continued its opposition to the Biden administration’s proposal to require banks to report...
Luetkemeyer leads pushback on 7(a) direct loan proposal
Luetkemeyer leads pushback on 7(a) direct loan proposal House Small Business Committee Ranking Member Blaine Luetkemeyer (R-Mo.) expressed concerns with ICBA-opposed proposed changes to the SBA...
Minority Banks Urge Congress to Scrap IRS Reporting Plan
Minority Banks Urge Congress to Scrap IRS Reporting Plan The Independent Community Bankers of America’s Minority Bank Advisory Council today expressed strong opposition to the Biden...
ICBA to Congress: Preserve community bank SBA lending
ICBA to Congress: Preserve community bank SBA lending ICBA called on Congress to reject proposed changes to the SBA 7(a) loan program that would displace community bank SBA lending. ICBA called on...
ICBA offers Cybersecurity Awareness Month resources
ICBA offers Cybersecurity Awareness Month resources With Cybersecurity Awareness Month kicking off today, ICBA is offering community banks various resources to participate. With Cybersecurity...
IRS proposal tweaks don’t stop pushback
IRS proposal tweaks don’t stop pushback While policymakers are looking to narrow the ICBA-opposed IRS reporting proposal, ICBA is continuing its campaign urging consumers to speak out against the...
ICBA: Congress Cannot Salvage Voter-Opposed IRS Reporting Plan
ICBA: Congress Cannot Salvage Voter-Opposed IRS Reporting Plan ICBA President and CEO Rebeca Romero Rainey issues statement on the latest congressional efforts to allow the IRS to collect...
ICBA Launches Ad Campaign on Credit Union Tax Exemption
ICBA Launches Ad Campaign on Credit Union Tax Exemption The Independent Community Bankers of America this week launched a print and digital advertising campaign to inform Americans about the credit...
ICBA launches multi-state credit union ad push
ICBA launches multi-state credit union ad push ICBA today is launching a print and digital advertising campaign in key states calling on Congress to investigate the credit union tax exemption and...
FinCEN issues online child sexual exploitation notice
FinCEN issues online child sexual exploitation notice The Financial Crimes Enforcement Network issued a notice on increasing online child sexual exploitation. The notice provides financial...
Industrial Loan Company Loophole Necessitates Congressional Scrutiny and Legislative Solution
Industrial Loan Company Loophole Necessitates Congressional Scrutiny and Legislative Solution This morning, the U.S. House Financial Services Subcommittee on Consumer Protection and Financial...
ICBA Urges FDIC to Permanently Raise Regulatory Asset Thresholds
ICBA Urges FDIC to Permanently Raise Regulatory Asset Thresholds The Independent Community Bankers of America today called on the Federal Deposit Insurance Corp. to raise regulatory asset...
SBA: PPP portal tops 1M submissions
SBA: PPP portal tops 1M submissions The SBA said its Paycheck Protection Program Direct Borrower Forgiveness Portal has topped 1 million applications for $17 billion in relief since it launched...
ICBA Statement on Nomination of Saule Omarova for Comptroller of the Currency
ICBA Statement on Nomination of Saule Omarova for Comptroller of the Currency ICBA President and CEO Rebeca Romero Rainey issued the following statement on President Joe Biden’s intent to nominate...
IRS consumer campaign tops 400K messages
IRS consumer campaign tops 400K messages ICBA’s campaign urging consumers to speak out against an IRS reporting proposal topped 400,000 consumer messages to members of Congress, with lawmakers...
ICBA kicks off ad campaign targeting credit unions
ICBA kicks off ad campaign targeting credit unions ICBA launched a print and digital advertising campaign on the credit union tax exemption ahead of a key congressional hearing next week. ICBA...
OCC issues proposal on rescinding CRA rule
OCC issues proposal on rescinding CRA rule The OCC formally published its proposal to rescind its June 2020 Community Reinvestment Act rule and replace it with interagency rules adopted in 1995....
ICBA Urges Agencies to Extend Community Bank Leverage Ratio Flexibility
ICBA Urges Agencies to Extend Community Bank Leverage Ratio Flexibility The Independent Community Bankers of America (ICBA) called on federal banking regulators to extend Community Bank Leverage...
Romero Rainey: Continue IRS reporting push
Romero Rainey: Continue IRS reporting push ICBA President and CEO Rebeca Romero Rainey called on community bankers to continue engaging consumers against a proposal that would require banks to...
ICBA Opposes Proposed Changes to SBA 7(a) Program
ICBA Opposes Proposed Changes to SBA 7(a) Program ICBA President and CEO Rebeca Romero Rainey stated that ICBA and the nation’s community banks strongly oppose legislative proposals to authorize...
Grassroots continues against reconciliation tax hikes
Grassroots continues against reconciliation tax hikes Legislative language released this week contains ICBA-opposed tax increases that community bankers can speak out against. Legislative language...