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Yellen, Powell testifying this week
Yellen, Powell testifying this week Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell are scheduled to testify this week before the Senate Banking and House Financial...
ICBA urges cannabis banking safe harbor in Senate defense bill
ICBA urges cannabis banking safe harbor in Senate defense bill ICBA called on senators to support the inclusion of an ICBA-advocated cannabis banking safe harbor as an amendment to a pending...
ICBA’s Romero Rainey, Paul Merski Named Top Lobbyists by The Hill
ICBA’s Romero Rainey, Paul Merski Named Top Lobbyists by The Hill Independent Community Bankers of America President and CEO Rebeca Romero Rainey and ICBA Group Executive Vice President of...
Regulators update BSA/AML exam manual
Regulators update BSA/AML exam manual The Federal Financial Institutions Examination Council updated its BSA/AML Examination Manual, which instructs examiners on assessing BSA/AML compliance. The...
Agencies adjust regulatory thresholds
Agencies adjust regulatory thresholds Federal regulators announced 2022 updates to key regulatory thresholds. Federal regulators announced 2022 updates to key regulatory thresholds. Mortgage Loans:...
CFPB: Community banks charge lower overdraft fees
CFPB: Community banks charge lower overdraft fees The Consumer Financial Protection Bureau said community banks charge lower overdraft fees than larger institutions. The Consumer Financial...
ICBA launches comment letter campaign on 1071 proposal
ICBA launches comment letter campaign on 1071 proposal ICBA is calling on community bankers to submit personalized comments on the Consumer Financial Protection Bureau’s proposal to implement...
Five Democratic senators oppose Omarova nomination: report
Five Democratic senators oppose Omarova nomination: report Five Democratic senators reportedly don't support Saule Omarova’s nomination to lead the Office of the Comptroller of the Currency,...
Cybersecurity advisory warns of holiday attacks
Cybersecurity advisory warns of holiday attacks The Cybersecurity and Infrastructure Security Agency and FBI issued a cybersecurity reminder for public and private sector organizations to remain...
SBA office backs 1071 comment extension
SBA office backs 1071 comment extension The SBA Office of Advocacy expressed support for ICBA and state banking associations’ request that the Consumer Financial Protection Bureau extend the...
ICBA congratulates Powell, Brainard on Fed nominations
ICBA congratulates Powell, Brainard on Fed nominations ICBA congratulated Federal Reserve Chairman Jerome Powell and Fed Governor Lael Brainard after President Joe Biden said he intends to nominate...
Bill would bar SBA 7(a) direct lending
Bill would bar SBA 7(a) direct lending Legislation to bar SBA direct lending under its 7(a) loan program was introduced amid an ICBA grassroots campaign opposing the policy. Legislation to bar SBA...
OCC provides crypto guidance as agencies announce roadmap
OCC provides crypto guidance as agencies announce roadmap Federal regulators said they plan to provide greater regulatory clarity on crypto-related activities next year, with the OCC issuing an...
ICBA cautions FHFA on excessive credit risk transfer reliance
ICBA cautions FHFA on excessive credit risk transfer reliance ICBA said it is largely supportive of proposed amendments to the Federal Housing Finance Agency’s final capital rule, though it...
ICBA Statement on House Passage of Reconciliation Bill
ICBA Statement on House Passage of Reconciliation Bill Independent Community Bankers of America President and CEO Rebeca Romero Rainey today issued a statement on the House passage of its budget...
ICBA Introduces BankTech Ventures Investment Fund
ICBA Introduces BankTech Ventures Investment Fund The Independent Community Bankers of America today announced the Initial Closing of a fund launched by BankTech Ventures, LP. The venture capital...
Agencies issue computer incident notification final rule
Agencies issue computer incident notification final rule Federal banking regulators approved a final rule designed to improve the sharing of information about cyber incidents that may affect the...
ICBA issues summary of employer vaccine mandate
ICBA issues summary of employer vaccine mandate ICBA published a summary of the Biden administration’s policy requiring employers with 100 or more employees to ensure their workers are fully...
ICBA: SBA plans should include community bank role
ICBA: SBA plans should include community bank role ICBA told the SBA it should continue partnering with community banks rather than attempting to remove them from the loan origination process. ICBA...
Statement on Federal Reserve Nominations of Jerome Powell, Lael Brainard
Statement on Federal Reserve Nominations of Jerome Powell, Lael Brainard ICBA President and CEO Rebeca Romero Rainey issued a statement on today’s announcement that President Joe Biden intends to...
House passes spending bill without IRS reporting plan
House passes spending bill without IRS reporting plan The House passed its version of the Build Back Better reconciliation bill without numerous ICBA-opposed provisions, including the IRS bank...
Fed officials: Faster tapering may be needed
Fed officials: Faster tapering may be needed Federal Reserve officials discussed the potential need to speed up the tapering of asset purchases in response to rising job gains and inflation....
OCC nominee faces tough questions at Senate hearing
OCC nominee faces tough questions at Senate hearing Community bank opposition to Saule Omarova’s nomination to lead the Office of the Comptroller of the Currency took center stage at a contentious...
ICBA urging grassroots pushback against SBA direct lending plan
ICBA urging grassroots pushback against SBA direct lending plan ICBA is calling on community bankers to continue the campaign opposing proposed changes to the SBA 7(a) loan program contained in the...
Hsu: Agencies planning additional clarity on crypto activities
Hsu: Agencies planning additional clarity on crypto activities Federal banking regulators will soon issue a short statement that describes the recently concluded interagency “crypto sprint,” Acting...
ICBA, state groups oppose Omarova OCC nomination
ICBA, state groups oppose Omarova OCC nomination ICBA and state community banking groups expressed opposition to Cornell University law professor Saule Omarova’s nomination to lead the Office of...
ICBA, groups push for NCUA oversight hearing
ICBA, groups push for NCUA oversight hearing ICBA and other groups called on Congress to hold an oversight hearing on troubling National Credit Union Administration rulemaking activity. ICBA and...
Credit union satisfaction lags banks again: index
Credit union satisfaction lags banks again: index Consumer satisfaction with credit unions lagged banks for the third year in a row, according to a national survey covered by CU Today. Consumer...
ICBA urging grassroots pushback against SBA direct lending plan
ICBA urging grassroots pushback against SBA direct lending plan ICBA is calling on community bankers to continue the campaign opposing proposed changes to the SBA 7(a) loan program contained in the...
Republican senators denounce postal banking pilot
Republican senators denounce postal banking pilot A group of 19 Senate Republicans led by Sen. John Boozman (Ark.) denounced an ICBA-opposed U.S. Postal Service pilot program to test postal...
ICBA-backed updates included in cyber reporting bill
ICBA-backed updates included in cyber reporting bill Lawmakers reached an agreement on bipartisan cyber incident reporting legislation that includes ICBA-advocated updates to avoid excessive...
ICBA to Congress: Extend data security standards to nonbanks
ICBA to Congress: Extend data security standards to nonbanks ICBA called on Congress to extend Gramm-Leach-Bliley Act data security standards to retailers, technology companies, and other parties...
IRS issues November Child Tax Credit payments
IRS issues November Child Tax Credit payments The Treasury Department said families with roughly 61 million eligible children received more than $15 billion in the fifth batch of Advance Child Tax...
House committee Republicans issue CBDC principles
House committee Republicans issue CBDC principles House Financial Services Committee Republicans released principles to guide Congress in evaluating potential proposals for a U.S. central bank...
IRS reporting press push continues
IRS reporting press push continues The community banking industry continued its media push against the IRS bank reporting proposal, which remains a threat even after it was recently left out of the...
Treasury targets ransomware operators
Treasury targets ransomware operators The Treasury Department announced a new round of coordinated actions as part of the federal government’s response to ransomware. The Treasury Department...
ICBA continues IRS push in congressional roundtable
ICBA continues IRS push in congressional roundtable ICBA continued pushing back against the IRS reporting proposal during testimony at a House Financial Services Committee Republican roundtable....
ICBA releases new innovation podcast
ICBA releases new innovation podcast ICBA released the second podcast in its new Communities of Innovation series on community bank innovation stories and experiences. ICBA released the second...
CFPB targets faulty identity matching practices
CFPB targets faulty identity matching practices The Consumer Financial Protection Bureau issued an advisory opinion affirming that consumer reporting companies engaging in “shoddy name-matching...
ICBA joining webinar on bank-like credit unions
ICBA joining webinar on bank-like credit unions ICBA Chairman Robert Fisher will participate in a National Taxpayers Union webinar scheduled for next week on the “rise of bank-like credit unions.”...
Hsu: OCC has concluded fintech charter review
Hsu: OCC has concluded fintech charter review The OCC has concluded its review of bank charter applications and crypto-related interpretative letters and will be communicating its findings in the...
ICBA to OCC: Take moderate approach to CRA rescission
ICBA to OCC: Take moderate approach to CRA rescission ICBA advocated a moderate approach to the OCC’s rescission of its 2020 Community Reinvestment Act final rule and reinstatement of the 1995...
IRS: Update income in Child Tax Credit portal
IRS: Update income in Child Tax Credit portal The IRS today is launching a new feature allowing any family receiving monthly Child Tax Credit payments to update their income using the Child Tax...
SBA: $44.8B in 2021 lending through signature programs
SBA: $44.8B in 2021 lending through signature programs The SBA said its 7(a) and 504 loan programs supported more than 61,000 traditional loans worth $44.8 billion in fiscal 2021. The lending...
ICBA opposes reconciliation package tax hikes
ICBA opposes reconciliation package tax hikes ICBA expressed strong opposition to certain tax provisions policymakers are considering as part of the Build Back Better reconciliation package. ICBA...
ICBA to Congress: Extend Data Security Standards to Retailers, Tech Firms
ICBA to Congress: Extend Data Security Standards to Retailers, Tech Firms ICBA today called on Congress to extend Gramm-Leach-Bliley Act data security standards to retailers, technology companies,...
ICBA testifying today on cyber, data security
ICBA testifying today on cyber, data security ICBA is scheduled to testify at today’s House Financial Services Subcommittee on Consumer Protection and Financial Institutions hearing on cyber and...
Blog: PPP data show community bank lending urgency
Blog: PPP data show community bank lending urgency A new ICBA blog post explores data showing the urgency of community banks’ Paycheck Protection Program response to help save small businesses in...
Regulators recommend bank-like rules for stablecoins
Regulators recommend bank-like rules for stablecoins The President’s Working Group on Financial Markets issued a long-awaited report spotlighting regulatory gaps in overseeing stablecoins and...
ICBA testifying tomorrow on cyber, data security
ICBA testifying tomorrow on cyber, data security ICBA is scheduled to testify tomorrow on cyber and data security issues before the House Financial Services Committee’s Subcommittee on Consumer...
ICBA Statement on President’s Working Group Stablecoin Report
ICBA Statement on President’s Working Group Stablecoin Report Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on the President’s...
CFPB issues debt collection guidance
CFPB issues debt collection guidance The Consumer Financial Protection Bureau released several guidance documents to help providers prepare for two debt collection final rules taking effect Nov....
ICBA Expands Preferred Service Provider Agreement with Wolters Kluwer to Include iLien Document Management
ICBA Expands Preferred Service Provider Agreement with Wolters Kluwer to Include iLien Document Management The Independent Community Bankers of America today announced it has expanded its Wolters...
Grassroots push continues against reconciliation tax hikes
Grassroots push continues against reconciliation tax hikes With policymakers’ draft framework for the budget reconciliation bill featuring numerous tax increases, ICBA is calling on community...
IRS plan excluded from budget framework — for now
IRS plan excluded from budget framework — for now A Biden administration draft framework for the next round of congressional reconciliation discussions leaves out the ICBA-opposed IRS reporting...
FHFA proposes GSE capital disclosures
FHFA proposes GSE capital disclosures The Federal Housing Finance Agency proposed additional public disclosure requirements for Fannie Mae and Freddie Mac’s Enterprise Regulatory Capital Framework....
CFTC head makes push to be primary crypto regulator
CFTC head makes push to be primary crypto regulator The acting head of the Commodity Futures Trading Commission urged Congress to consider granting his agency the authority to be the primary...
ICBA, groups oppose grantor trust rule changes
ICBA, groups oppose grantor trust rule changes ICBA and other business groups urged Congress to reject proposed changes to grantor trust and valuation rules in the Build Back Better reconciliation...
OCC issues revised TILA procedures
OCC issues revised TILA procedures The OCC issued revised interagency examination procedures and rescissions for the Truth in Lending Act The OCC issued revised interagency examination procedures...
ICBA Statement on IRS Bank Reporting Proposal
ICBA Statement on IRS Bank Reporting Proposal ICBA and the nation’s community banks applaud the exclusion of the widely opposed IRS bank reporting proposal from today’s budget reconciliation...