Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell are scheduled to testify this week before the Senate Banking and House Financial Services committees.

Federal regulators said they plan to provide greater regulatory clarity on crypto-related activities next year, with the OCC issuing an interpretive letter with guidance on digital assets.

The SBA Office of Advocacy expressed support for ICBA and state banking associations’ request that the Consumer Financial Protection Bureau extend the comment deadline on its proposal to implement Dodd-Frank Section 1071 collection and reporting requirements.

ICBA said it is largely supportive of proposed amendments to the Federal Housing Finance Agency’s final capital rule, though it cautioned the agency not to allow Fannie and Freddie to become overly reliant on credit risk transfers.

ICBA congratulated Federal Reserve Chairman Jerome Powell and Fed Governor Lael Brainard after President Joe Biden said he intends to nominate them for new terms at the agency.

Legislation to bar SBA direct lending under its 7(a) loan program was introduced amid an ICBA grassroots campaign opposing the policy.

ICBA told the SBA it should continue partnering with community banks rather than attempting to remove them from the loan origination process.

ICBA President and CEO Rebeca Romero Rainey issued a statement on today’s announcement that President Joe Biden intends to nominate Federal Reserve Chairman Jerome Powell for a second term as chairman and Federal Reserve Governor Lael Brainard as vice chair.

The House passed its version of the Build Back Better reconciliation bill without numerous ICBA-opposed provisions, including the IRS bank reporting proposal.

Federal Reserve officials discussed the potential need to speed up the tapering of asset purchases in response to rising job gains and inflation.

Independent Community Bankers of America President and CEO Rebeca Romero Rainey today issued a statement on the House passage of its budget reconciliation bill.

The Independent Community Bankers of America today announced the Initial Closing of a fund launched by BankTech Ventures, LP. The venture capital fund is designed to accelerate technology opportunities and adoption at community banks.

Community bank opposition to Saule Omarova’s nomination to lead the Office of the Comptroller of the Currency took center stage at a contentious Senate Banking Committee hearing.

Federal banking regulators approved a final rule designed to improve the sharing of information about cyber incidents that may affect the U.S. banking system.

ICBA published a summary of the Biden administration’s policy requiring employers with 100 or more employees to ensure their workers are fully vaccinated against COVID-19 or are tested weekly.

ICBA and state community banking groups expressed opposition to Cornell University law professor Saule Omarova’s nomination to lead the Office of the Comptroller of the Currency.

ICBA and other groups called on Congress to hold an oversight hearing on troubling National Credit Union Administration rulemaking activity.

ICBA is calling on community bankers to continue the campaign opposing proposed changes to the SBA 7(a) loan program contained in the House budget-reconciliation bill.

Federal banking regulators will soon issue a short statement that describes the recently concluded interagency “crypto sprint,” Acting Comptroller of the Currency Michael Hsu said.

Consumer satisfaction with credit unions lagged banks for the third year in a row, according to a national survey covered by CU Today.