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OCC issues bulletin on amended HMDA threshold
The OCC issued a bulletin on changes to the loan-origination threshold for reporting Home Mortgage Disclosure Act data on closed-end mortgage loans following a recent court decision.
FDIC extends deadline on proposed updates to logo rules
The FDIC extended by 45 days the public comment period for proposed changes to its regulations relating to the FDIC’s official sign, official advertising statement, deposit insurance...
ICBA supports federal actions to mitigate nonbank risks
ICBA said it supports several federal actions announced Friday that will help mitigate the risks posed by special-purpose depository institutions and digital assets.
ICBA Supports Federal Actions to Mitigate Nonbank Risks
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s federal actions to help mitigate the risks posed by crypto-asset firms.
ICBA announces passing of former chief executive Ken Guenther
ICBA is mourning the passing of former ICBA President and CEO Ken Guenther, who died Wednesday. Guenther’s fierce passion for community banking has served as an inspiration for many in the industry.
NCUA extends credit union interest rate ceiling
The National Credit Union Administration board voted to extend the 18% interest rate ceiling for loans made by federal credit unions through Sept. 10, 2024.
ICBA Names Stephanie Foster as Director, ThinkTECH Accelerator
ICBA today announced the hire of Stephanie Foster as director, ThinkTECH Accelerator. Foster serves in a newly created position following ICBA’s announced plans to bring its highly successful...
ICBA Shares Tips on How to Protect Your Financial Information
In recognition of Data Privacy Week, the Independent Community Bankers of America (ICBA) is reminding consumers of practical steps to help safeguard their sensitive data and protect against losses...
Senators echo concerns with CDFI application change
Senate Banking Committee members Mark Warner (D-Va.) and Mike Crapo (R-Idaho) encouraged the Treasury Department to consider all comments responding to its proposal to revise Community Development...
FHFA announces Fannie, Freddie fee updates
Fannie Mae and Freddie Mac will reduce their upfront fee for commingled securities to 9.375 basis points after announcing a 50-point fee last year, the Federal Housing Finance Agency announced.
Regulators should rethink climate proposals: ICBA op-ed
While federal regulators are working to finalize climate risk proposals that purportedly target the nation's largest financial institutions, the proposals would inevitably subject community banks...
FinCEN announces BSA penalty inflation adjustments
The Financial Crimes Enforcement Network today is set to issue a final rule to reflect annual inflation adjustments to its civil monetary penalties as mandated by the Federal Civil Penalties...
ICBA to Regulators: Apply Stricter Resolution Standards on Large Regional Banks
The Independent Community Bankers of America (ICBA) today urged federal regulators to apply stricter regulatory standards on large regional banks.
ICBA urges CFPB to preempt state TILA law
The Consumer Financial Protection Bureau was incorrect in determining that the Truth in Lending Act does not preempt a recently enacted New York State disclosure law, ICBA said in a new comment...
ICBA, groups to CFPB: Seek input on review of credit card late fee safe harbor
ICBA and other groups called on the CFPB to comply with the Small Business Regulatory Enforcement Fairness Act as it considers reducing or eliminating the safe harbor fee that credit card issuers...
Brainard: Fed ‘staying the course’ in tackling inflation
The Federal Reserve is “determined to stay the course” to address inflation and restore price stability, Fed Vice Chair Lael Brainard said.
CFPB issues guidance on ‘negative option’ subscriptions
The Consumer Financial Protection Bureau issued a circular affirming that companies offering “negative option” subscription services must comply with federal consumer financial protection law.
ICBA updates advocacy dashboard with top priorities
ICBA updated its “Advocacy in Action” government relations dashboard for the first quarter with the latest community banking advocacy successes and priorities.
CFPB updates mortgage servicing exam procedures
The Consumer Financial Protection Bureau released updated mortgage servicing examination procedures for use by CFPB examiners.
OCC details civil money penalty adjustment
The OCC issued a bulletin on its adjustment to the maximum amount of each civil money penalty within its jurisdiction.
ICBA Offers New Digital Transformation Series to Support Community Banks in their Innovation Journeys
The Independent Community Bankers of America (ICBA) announced a series of curriculum-driven events as part of its expanded ICBA ThinkTECH innovation programming.
‘Tell Your Story’ Toolkit offers resources for 2023
ICBA’s complimentary "Tell Your Story" Marketing Communications Toolkit offers new and updated resources to help community banks plan for the year ahead.
FinCEN issues alert on human smuggling at southwest border
The Financial Crimes Enforcement Network issued an alert to support financial institutions in detecting financial activity related to human smuggling along the southwest border of the United States.
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.
ICBA, state groups meet with Treasury on key issues
ICBA and affiliated state community banking associations met this week with Treasury Department officials to discuss BSA/AML compliance, Corporate Transparency Act implementation, and other issues.
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 to Congress: CDFI Fund proposal would harm communities
ICBA and other groups requested a meeting with members of Congress to discuss a Treasury Department proposal that would reduce access to services provided by Community Development Financial...
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, Groups to Congress: CDFI Fund Proposal Would Harm Local Communities
ICBA and other groups requested a meeting with members of Congress to discuss a Treasury Department proposal that would irreversibly harm access to services provided by Community Development...
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 urges agency collaboration to support underserved communities
ICBA encouraged the Treasury Department’s newly formed Interagency Community Investment Committee to promote agency collaboration as it works to support access to affordable capital and financial...