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ICBA Commends FDIC for Exempting Community Banks from Special Assessment
ICBAPresident and CEO Rebeca Romero Rainey issued the following statement on today’s Federal Deposit Insurance Corporation proposed rule on special assessments for the resolutions of Silicon Valley...
ICBA Strongly Supports Bipartisan ACRE Act Offering Tax Relief for Rural Lending
The Independent Community Bankers of America (ICBA) today expressed its strong support for the House introduction of the Access to Credit for our Rural Economy (ACRE) Act (H.R. 3139) to support...
House panel to consider draft bills on agency transparency following bank failures
The House Financial Services Committee today will hold a hearing on several draft bills to increase transparency at federal banking regulators following the recent failures of several large banks.
ICBA Supports Bipartisan Bill to Establish Cannabis Banking Safe Harbor
ICBA today is reiterating its strong support for bipartisan, bicameral legislation that would establish a safe harbor from federal sanctions for financial institutions that serve cannabis-related...
Gruenberg: Efforts to expand banking access making an impact
FDIC research suggests that efforts to connect unbanked consumers to the banking system are having an effect, FDIC Chairman Martin Gruenberg said.
Bowman: Policy response to bank failures shouldn’t undermine tiered regulation
Policymakers should ensure the response to recent bank failures does not undermine regulatory tailoring and risk-based supervision, Federal Reserve Governor Michelle Bowman said.
Wholesale CBDC could speed cross-border payments: N.Y. Fed report
A wholesale central bank digital currency could enable faster, simultaneous, and safer cross-border payments, according to a new report from the Federal Reserve Bank of New York and the Monetary...
House panel meeting this week on FHFA, megabanks
While the Senate is not in session this week, the House Financial Services Committee has two hearings scheduled.