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OCC: Banks should be ‘on balls of their feet’ in monitoring risk
While the overall strength of the federal banking system is sound, banks should be “on the balls of their feet” regarding risk management, the OCC said in its latest Semiannual Risk Perspective.
Chopra: CFPB to solicit 1033 comments in coming months
The Consumer Financial Protection Bureau expects to seek comments on its pending rulemaking to establish standards for sharing consumer financial data in the coming months, CFPB Director Rohit...
ICBA seeking candidates for panel on CFPB rulemaking
ICBA is seeking community bankers interested in joining a Small Business Regulatory Enforcement Fairness Act panel to weigh in on a Consumer Financial Protection Bureau rulemaking under the Fair...
ICBA seeking feedback on Nacha ACH risk management proposal
ICBA is seeking survey responses from member community bankers on the potential impact of nine Nacha proposals related to ACH risk management.
Agencies propose guidance on reconsiderations of value
Federal regulators requested public comment on proposed guidance addressing reconsiderations of value, or ROVs, for residential real estate transactions.
OCC seeking feedback on consumer trust in banking survey
The OCC today is slated to release a request for information for its first-ever survey on consumer trust in banking and bank supervision.
CISA, FBI issue advisory on MOVEit Transfer vulnerability
The Cybersecurity and Infrastructure Security Agency and FBI published a joint cybersecurity advisory with technical information on the CL0P ransomware gang, also known as TA505.
ICBA continues 1071 grassroots campaign
ICBA calls on community bankers to urge Congress to support a House resolution to nullify the Consumer Financial Protection Bureau’s Section 1071 rule to establish data collection and reporting...
OCC seeking feedback on consumer trust in banking survey
The OCC released a request for information for its first-ever survey on consumer trust in banking and bank supervision.
ICBA Offers Tips to Help Simplify the Homebuying Process
In recognition of National Homeownership Month in June, ICBA is encouraging current and prospective homeowners to consult their trusted local community banker about how to make the homebuying...
CFPB extends deadline for feedback on data brokers
The Consumer Financial Protection Bureau extended the comment deadline on its request for information on data brokers, such as credit reporting companies and background screening firms, and how the...
ICBA strongly opposes bill to impose credit card routing mandates
ICBA expressed its strong opposition to newly reintroduced legislation to impose routing mandates on credit card transactions.
ICBA urging grassroots messages supporting rural lending tax relief bill
ICBA is calling on community bankers to urge their members of Congress to co-sponsor legislation to exempt from taxation the interest income on farm real estate and rural mortgage loans.
ICBA Statement on Interagency Guidance on Third-Party Risk Management
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on Federal Reserve Governor Michelle Bowman’s statement regarding interagency...
CFPB encourages collaboration to combat elder financial abuse
The Consumer Financial Protection Bureau encouraged participation in Elder Fraud Prevention and Response Networks, which it has helped establish alongside state and local organizations.
ICBA Independent Banker Recognizes Emerging Leaders in Annual 40 Under 40 List
Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America (ICBA), announced its fifth annual list of 40 Under 40: Emerging Community Bank...
ICBA Announces Staff Additions to Government Relations Team
ICBA today announced two additions to its government relations team with the hire of Lance Noggle as senior vice president operations, senior regulatory counsel and Scott Anchin as vice president,...
Global securities watchdog proposes guidelines for crypto regulation
The International Organization of Securities Commissions published a consultation report with its proposed policy recommendations for regulating crypto markets as securities.
House hearings this week on Treasury markets, U.S. dollar
Both chambers of Congress are in session this week. The House Financial Services Committee has two hearings scheduled.
House committee leaders issue discussion draft of crypto market structure bill
House Financial Services Committee Chairman Patrick McHenry (R-N.C.) and House Agriculture Committee Chairman Glenn "GT" Thompson (R-Pa.) released a discussion draft of legislation to establish a...
ICBA leading push on ILC, overdraft, credit union bills
With several key community banking policy issues coming up for a vote in the coming days, ICBA is urging community bankers to speak out while it engages lawmakers in Washington.
ICBA Offers Tips to Help Simplify the Home Buying Process
In recognition of National Homeownership Month in June, ICBA and the nation’s community banks encourage consumers to consult their local community bank to learn how to make financing a mortgage or...
ICBA and 44 State Banking Associations Express Concern Over Proposal That May Choke Off Credit to Legal Businesses
ICBA and 44 state banking associations, strongly urged the FDIC not to allow its proposed statement of principles on climate-risk management for large banks to limit financial institutions from...
ICBA, state groups express concerns over climate risk management framework
ICBA and 44 state banking groups wrote to the FDIC to express concerns that the agency’s proposed climate risk management framework for large banks could “choke off” lawful but climate-disfavored...
USDA B&I loan program funding running out
The USDA told Business and Industry Guaranteed Loan Program stakeholders that it has discontinued allocating funds on an as-requested basis because the program is running low on authorized funding.
Lawmakers echo ICBA’s CBDC concerns during hearing
Members of Congress from both parties raised concerns about the impact of a U.S. central bank digital currency on community banks after ICBA told lawmakers it opposes the digital dollar.
ICBA, State Associations Urge COMPETES Act Conference to Retain House-Passed SAFE Banking Act
The Independent Community Bankers of America and a coalition of 44 state community banking associations today called on Congress to include in the America COMPETES Act conference report...
ICBA Names Community Banker and Former Regulator Anne Balcer as New Head of Government Relations
ICBA today announced that Anne Balcer, executive VP, general counsel and internal auditor for Forbright Bank, in Chevy Chase, Md., will succeed ICBA Senior Executive VP of Government Relations and...
ICBA: FDIC framework could pose unintended consequences for community businesses
ICBA wrote to the FDIC to share its concerns with the agency’s proposed climate risk management framework for large banks, which could limit and discourage financial institutions from doing...
Grassroots push on credit union bill continues
ICBA continues calling on community bankers to urge their lawmakers to oppose legislation that would expand credit unions’ fields of membership and commercial lending powers.
Blog: Expanding interchange price control puts fraud protections at risk
Efforts by “big box” merchants seeking to extend debit card interchange price controls to the credit card market jeopardize investments in protections and security that defend cardholders from...
FDIC climate comment letters due today
Today is the deadline for community bankers to submit personalized comment letters to the FDIC on its draft statement of principles for climate-related financial risk management for large financial...
ICBA, Independent Banker Honor Community Bank Emerging Leaders in Annual 40 under 40 List
Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America (ICBA), announced its 40 Under 40: Emerging Community Bank Leaders.
FDIC climate comment letters due this week
Community bankers have until this Friday, June 3, to submit personalized comment letters to the FDIC on its draft statement of principles for climate-related financial risk management for large...
SEC, CFTC leaders propose joint crypto roundtables
Securities and Exchange Commission and Commodity Futures Trading Commission officials called on their agencies to hold joint roundtables to consider regulations governing digital assets.
One week left for FDIC climate comment letters
Community bankers have one week left to submit personalized comment letters to the FDIC on its draft statement of principles for climate-related financial risk management for large financial...
Joey Arnone Named ICBA Director of Product Strategy
ICBA today announced the hire of Joey Arnone as director of product strategy for vendor relations.
FDIC climate comment letters due next week
Next week is the deadline for community bankers to submit personalized comment letters to the FDIC on its draft statement of principles for climate-related financial risk management for large...
House hearing this week on central bank digital currency
After ICBA last week expressed opposition to the establishment of a U.S. central bank digital currency, a House hearing this week will focus on CBDC benefits and risks.
ICBA requests records on CFPB’s 1071 rulemaking
ICBA and other groups filed a Freedom of Information Act request seeking Consumer Financial Protection Bureau records on its implementation of Section 1071 of the Dodd-Frank Act.
Statement on Confirmation of Sandra Thompson for FHFA Director
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey released the following statement on the Senate confirmation of Sandra Thompson for Federal Housing Finance...
ICBA urges agency consistency, innovation to promote banking access
ICBA encouraged federal banking regulators to take several steps to increase services to unbanked and underbanked households.
ICBA’s FDIC climate principles comment campaign continues
ICBA continues calling on community bankers to submit personalized comment letters to the FDIC on its draft statement of principles for climate-related financial risk management for large financial...
Former NCUA official continues targeting credit union acquisitions
A former National Credit Union Administration official continued an ongoing series of blog posts raising concerns over credit union acquisitions.
Strong favorability fuels successful Capital Summit: blog
New polling conducted by Morning Consult supported community banker meetings with policymakers at the recent 2022 ICBA Capital Summit, according to ICBA’s latest blog post.
ICBA opposes U.S. central bank digital currency
ICBA expressed opposition to the establishment of a U.S. central bank digital currency. In a comment letter to the Federal Reserve, ICBA said a U.S.
Agencies confirm updated flood insurance Q&As are guidance
Federal regulators issued revised questions and answers regarding federal flood insurance law and the agencies’ implementing regulations.
Financial Trades Support Modified SEC Cyber Incident Disclosure Proposal to Aid Law Enforcement and Support Remediation Efforts
ICBA, American Bankers Association, Bank Policy Institute, and Mid-Size Bank Coalition of America commented yesterday on a SEC proposal that would implement new requirements for financial...
CFPB: Equal Credit Opportunity Act protects borrowers after loan
The Consumer Financial Protection Bureau published an advisory opinion affirming that the Equal Credit Opportunity Act bars lenders from discriminating against customers after they have received a...
ICBA offers custom marketing-comms resources for May
ICBA’s Tell Your Story marketing and communications toolkit offers new and updated resources to engage consumers in May.
OCC’s Hsu: Regulators should change approach to mergers
OCC’s Hsu: Regulators should change approach to mergers Acting Comptroller of the Currency Michael Hsu said he has directed senior OCC staff to work with the Justice Department and other agencies...
ICBA Statement on Proposal to Modernize Community Reinvestment Act Framework
ICBA President and CEO Rebeca Romero Rainey released the following statement on today’s interagency proposed rule to modernize Community Reinvestment Act regulations.
ICBA pressing comment letters on FDIC climate principles
ICBA continues calling on community bankers to submit personalized comment letters to the FDIC on its draft statement of principles for climate-related financial risk management for large financial...
ICBA speaks out against FDIC supervisory appeals reversal
ICBA expressed disappointment that the FDIC eliminated the independent Office of Supervisory Appeals and restored the Supervision Appeals Review Committee as the final level of review in the...
ICBA Statement on FDIC Restoration of Supervision Appeals Review Committee
ICBA President and CEO Rebeca Romero Rainey issued the following statement after the FDIC board of directors voted to restore the agency’s Supervision Appeals Review Committee.
ICBA Statement on Death of John Ryan
ICBA President and CEO Rebeca Romero Rainey released the following statement on the death of Conference of State Bank Supervisors President and CEO John Ryan.
ICBA supports barring adverse credit reporting on human trafficking victims
ICBA expressed support for a Consumer Financial Protection Bureau proposed rule that would prohibit consumer reporting agencies from reporting adverse information on victims of human trafficking.
ICBA Encourages Consumers to Support America’s Entrepreneurs During National Small Business Week
ICBA joins the nation’s community banks in celebrating National Small Business Week (May 1-7) and showing their support for locally owned and operated businesses.
ICBA Releases 2022 Community Banking Policy Resolutions
The Independent Community Bankers of America (ICBA) today released its legislative and regulatory policy objectives for 2022 during the ICBA Capital Summit.
As Capital Summit kicks off, polling confirms public support for local banking
As Capital Summit kicks off, polling confirms public support for local banking ICBA kicked off the 2022 ICBA Capital Summit in Washington with new national and state-level polling data showing...