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ICBA: Supervisory appeals reviewers should have community banking experience
ICBA told the FDIC that in revising the agency’s supervisory appeals process, the FDIC should ensure that reviewers have significant community banking experience.
ICBA Commends Proposed Rule to Lower Community Bank Leverage Ratio
ICBA Commends Proposed Rule to Lower Community Bank Leverage Ratio Washington, D.C. — Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following...
FDIC extends comment period on stablecoin rule
FDIC extends comment period on stablecoin rule The FDIC issued an ICBA-advocated extension of the comment period for its proposed rulemaking on the GENIUS Act. Details: The FDIC announced a 90-day...
ICBA, state groups support proposal to recalibrate CBLR
ICBA, state groups support proposal to recalibrate CBLR ICBA and 45 state banking associations said they strongly report the federal banking agencies’ proposal to recalibrate the Community Bank...
FDIC approves ICBA-opposed ILC applications for Ford, GM
FDIC approves ICBA-opposed ILC applications for Ford, GM The FDIC approved ICBA-opposed applications from Ford and General Motors to establish industrial loan companies. Details: The FDIC said both...
FDIC approves final signage rule
FDIC approves final signage rule At its board meeting, the FDIC approved a final rule to amend regulations governing the display of the FDIC official digital sign and non-deposit signage. Details:...
ICBA, others oppose PayPal’s ILC application
ICBA, others oppose PayPal’s ILC application ICBA and the Bank Policy Institute said the FDIC should not issue deposit insurance to any industrial loan company applicant, including PayPal Bank,...
FDIC establishes Office of Supervisory Appeals
FDIC establishes Office of Supervisory Appeals The FDIC board of directors approved amendments to its Guidelines for Appeals of Material Supervisory Determinations, which includes replacing its...
ICBA urges agencies to streamline the call report
ICBA urges agencies to streamline the call report ICBA told the federal banking agencies that streamlining the call report is a simple but effective step to reduce the regulatory burdens that weigh...
ICBA Seeks One-Year Delay in ‘Beneficial Ownership’ Rule
ICBA Seeks One-Year Delay in ‘Beneficial Ownership’ Rule ICBA is calling on the Financial Crimes Enforcement Network to delay the implementation of a rule requiring community banks and other...
'Beneficial owner' reform passes House
'Beneficial owner' reform passes House The House voted 335-78 to pass a compromise defense spending bill that includes a key step toward ICBA-advocated relief from "beneficial ownership" disclosure...
FinCEN: Companies not required to file BOI despite Supreme Court ruling
The Financial Crimes Enforcement Network said reporting companies are not required to file beneficial ownership information despite a recent U.S. Supreme Court ruling overturning a lower court...
FinCEN issues advisory on Chinese money laundering networks
The Financial Crimes Enforcement Network issued warnings on the threats posed by Chinese money laundering networks to the U.S. financial system.
FinCEN official: Beneficial ownership reporting only takes 20 minutes to complete
Financial Crimes Enforcement Network Deputy Director Jimmy Kirby said most companies should be able to file beneficial ownership information reporting quickly and without the help of an attorney or...
FinCEN issues FAQs on Minnesota GTO
FinCEN issues FAQs on Minnesota GTO The Financial Crimes Enforcement Network published frequently asked questions pertaining to the recent geographic targeting order requiring all banks and money...
FinCEN issues alert on West Bank settler violence
The Financial Crimes Enforcement Network issued an alert to U.S. financial institutions related to financing Israeli extremist settler violence against Palestinians in the West Bank.
FinCEN ceremony recognizes BSA reporting
The Financial Crimes Enforcement Network held its ninth annual Law Enforcement Awards Program to recognize agencies that used Bank Secrecy Act data to successfully pursue and prosecute criminal...
FinCEN announces BSA penalty adjustments
The Financial Crimes Enforcement Network issued a final rule to reflect annual inflation adjustments to its civil monetary penalties.
FinCEN: Financial institutions should remain vigilant to transactions associated with synthetic opioids
The Financial Crimes Enforcement Network reminded financial institutions to monitor for and report suspicious transactional activity related to the illicit fentanyl supply chain and the trafficking...
FinCEN issues Spanish translation of advisory on Chinese money laundering
FinCEN issues Spanish translation of advisory on Chinese money laundering The Financial Crimes Enforcement Network issued Spanish translations of its August 2025 advisory and financial trend...
ICBA endorses bill to coordinate beneficial ownership rulemakings
ICBA called on Congress to advance legislation to coordinate and strengthen recent Financial Crimes Enforcement Network anti-money laundering rulemakings.
FinCEN: Companies not required to file BOI despite Supreme Court ruling
The Financial Crimes Enforcement Network said reporting companies are not required to file beneficial ownership information despite a recent U.S. Supreme Court ruling overturning a lower court...
FinCEN: BOI reporting requirements back in effect with extended deadline
Following a court decision, the Financial Crimes Enforcement Network announced that beneficial ownership information reporting requirements are back in effect, with a new deadline of March 21 for...
ICBA: FinCEN should fix BSA thresholds, BOI collection
ICBA said community bankers strongly support the role of the Financial Crimes Enforcement Network while recommending updates to beneficial ownership information collection and Bank Secrecy Act...
FinCEN not issuing penalties for BOI reporting deadlines
The Financial Crimes Enforcement Network said it will not issue any fines or penalties or take any other enforcement actions against any companies based on failure to file or update beneficial...
FinCEN issues guidance on cross-border information sharing
The Financial Crimes Enforcement Network issued guidance to encourage and promote appropriate, voluntary cross-border sharing of information between and among financial institutions, including...
FinCEN: $27B in elder financial exploitation reported by financial institutions
Financial institutions reported $27 billion in suspicious activities linked to elder financial exploitation from 2022 to 2023, according to the Financial Crimes Enforcement Network.
FinCEN removes beneficial ownership reporting requirements for U.S. companies
The Financial Crimes Enforcement Network announced an interim final rule that removes the requirement for U.S. companies and persons to report beneficial ownership information under the Corporate...
FinCEN proposes rule to combat cyber scams and heists
The Financial Crimes Enforcement Network proposed prohibiting U.S. financial institutions from opening or maintaining accounts for or on behalf of a Cambodian group that deals in crypto scams and...
FinCEN publishes FAQs on border Geographic Targeting Order
The FinCEN published responses to FAQs about its March 11 Geographic Targeting Order to combat the illicit activities and money laundering of Mexico-based cartels and other criminal actors along...
FinCEN warns banks about deepfake fraud schemes
The Financial Crimes Enforcement Network issued an alert to help financial institutions identify fraud schemes associated with the use of deepfake media created with generative artificial...
Task force updates AML-deficiency jurisdiction list
The Financial Action Task Force—a global anti-money-laundering watchdog—updated its lists of jurisdictions with AML deficiencies.
1071 rule remains on hold for community banks amid CFPB review
The Consumer Financial Protection Bureau’s 1071 small-business rule and its implementation deadlines remain on hold for ICBA community banks amid ongoing litigation and a bureau review of the rule.
ICBA-advocated resolution scrapping CFPB overdraft rule signed into law
President Donald Trump signed into law an ICBA-advocated resolution to overturn the Consumer Financial Protection Bureau’s final rule on overdraft services, finalizing a key policy success for...
CFPB withdrawing more than a decade of guidance materials
The Consumer Financial Protection Bureau announced the withdrawal of certain guidance, interpretive rules, policy statements, and advisory opinions issued since 2011.
CFPB to deprioritize 1071 enforcement for entities not protected by court order
The Consumer Financial Protection Bureau announced that it will deprioritize enforcement of its 1071 small-business lending rule for entities not currently protected by a 5th Circuit Court order.
CFPB deprioritizing ‘buy now, pay later’ enforcement actions
The Consumer Financial Protection Bureau announced that it will not prioritize enforcement actions related to “buy now, pay later.”
Judge scraps CFPB credit card late fee rule
A federal judge voided a Consumer Financial Protection Bureau rule capping credit card late fees at $8, after the agency agreed with opponents that the rule was illegal.
CFPB asks court to stop medical debt rule
The Consumer Financial Protection Bureau joined other groups in asking a federal court to scrap a regulation barring consumer credit reports from including medical debt.
ICBA Applauds House Passage of Resolution to Overturn Flawed CFPB Overdraft Rule
ICBA President and CEO Rebeca Romero Rainey issued the following statement on House passage of a Congressional Review Act resolution to overturn the Consumer Financial Protection Bureau’s final...
Romero Rainey: Committee markup a key milestone, but more work ahead
The explosion of pro-community bank policy reforms from the first quarter of the year culminated in this week’s HFSC markup, but there is still significant work to do, ICBA President and CEO Rebeca...
ICBA-advocated 1071, de novo, anti-CBDC bills set for House markup today
The House Financial Services Committee is scheduled to take up three ICBA-advocated bills today to repeal the CFPB’s 1071 rule, promote de novo bank formation, and restrict the issuance of a U.S....
CFPB says it will reopen 1071 rule
The Consumer Financial Protection Bureau said it will open a new rulemaking to implement Section 1071 data collection and reporting requirements for small-business loans.
ICBA Applauds Senate Passage of Resolution to Overturn Flawed CFPB Overdraft Rule
ICBA President and CEO Rebeca Romero Rainey issued the following statement on the Senate’s passage of a Congressional Review Act resolution to overturn the Consumer Financial Protection Bureau’s...
ICBA applauds Senate passage of resolution to overturn CFPB overdraft rule
ICBA commended the Senate for passing a resolution to overturn the Consumer Financial Protection Bureau’s final rule on overdraft services.
ICBA-advocated 1071, de novo, anti-CBDC bills set for House markup
The House Financial Services Committee is scheduled to take up three ICBA-advocated bills this week to repeal the CFPB’s 1071 rule, promote de novo bank formation, and restrict the issuance of a...
ICBA urging grassroots outreach ahead of Senate overdraft vote
With the Senate set to vote on an ICBA-advocated resolution to overturn the Consumer Financial Protection Bureau’s overdraft rule, ICBA is calling on community bankers to urge their senators to...
CFPB withdraws court filing claiming Reg E applies to wire transactions
The Consumer Financial Protection Bureau withdrew a court filing in which it previously argued that online-initiated wire transfers are subject to the Electronic Fund Transfer Act and Regulation E.
Resolution to nullify CFPB overdraft rule passes House committee
The House Financial Services Committee voted 30-19 to pass H.J. Res 59, a Congressional Review Act resolution that would overturn a Consumer Financial Protection Bureau rule that regulates...
Markup today: ICBA urging grassroots action on CFPB overdraft rule
ICBA is calling on community bankers to urge their members of Congress to support resolutions to stop the Consumer Financial Protection Bureau’s overdraft rule ahead of a markup today.
House committee hearing today on ICBA priorities
ICBA thanked the House Financial Services Committee for scheduling a hearing on the Consumer Financial Protection Bureau that will feature ICBA-advocated legislation.
With CFPB in spotlight, ICBA urging grassroots outreach on overdraft rule
With Washington focused on reforming the Consumer Financial Protection Bureau, ICBA is calling on community bankers to tell their members of Congress to support legislative efforts to stop the...
McKernan, Pulte vow to streamline CFPB, FHFA activities
The Consumer Financial Protection Bureau will center its regulation on real risks to consumers and focus its enforcement on bad actors, CFPB director nominee Jonathan McKernan told Congress.
ICBA urging grassroots outreach to stop CFPB overdraft rule
ICBA is calling on community bankers to tell their members of Congress to support legislative efforts to stop the Consumer Financial Protection Bureau's overdraft rule.
ICBA continuing grassroots push on CFPB overdraft rule
ICBA continues calling on community bankers to tell their members of Congress to support legislative efforts to stop the Consumer Financial Protection Bureau's overdraft rule.
ICBA Thanks Russell Vought for Serving as Acting CFPB Director
ICBA President and CEO Rebeca Romero Rainey issued the following statement on President Donald Trump’s designation of Office of Management and Budget Director Russell Vought as acting director of...
CFPB extends 1071 compliance deadlines
The Consumer Financial Protection Bureau published an interim final rule to extend its 1071 small-business reporting rule’s compliance and reporting dates.
ICBA supports bill to scrap CFPB’s 1071 rule
ICBA expressed strong support for new legislation to overturn the Consumer Financial Protection Bureau’s small-business data collection and reporting requirements under Section 1071 of the...
CFPB seeks to vacate ‘unlawful’ 1033 rule
The Consumer Financial Protection Bureau asked a federal court to vacate its 1033 rule on consumer data security and privacy, saying the rule is unlawful.
CFPB extends GSE 'patch'
CFPB extends GSE 'patch' The Consumer Financial Protection Bureau extended the government-sponsored enterprise "patch," which exempts Fannie Mae and Freddie Mac mortgage loans from parts of the...