A future central bank digital currency system would need to involve both public and private actors to ensure interoperability with the broader payment system, according to new reports from the Bank for International Settlements.
The Independent Community Bankers of America today called on Congress to reject proposed changes to the Small Business Administration 7(a) loan program that would displace community bank SBA lending.
ICBA Securities Inc., the broker-dealer subsidiary of the Independent Community Bankers of America, released the following statement in response to the announcement that its exclusive broker Vining Sparks has been acquired by Stifel Financial, Inc.
This morning, the U.S. House Financial Services Subcommittee on Consumer Protection and Financial Institutions will meet to discuss the “The Future of Banking.”
The Independent Community Bankers of America today called on the Federal Deposit Insurance Corp. to raise regulatory asset thresholds to account for industry consolidation, rising inflation, and a swell of deposits caused by COVID-19 stimulus efforts.
While policymakers are looking to narrow the ICBA-opposed IRS reporting proposal, ICBA is continuing its campaign urging consumers to speak out against the plan.
The SBA said its Paycheck Protection Program Direct Borrower Forgiveness Portal has topped 1 million applications for $17 billion in relief since it launched Aug. 4.
ICBA President and CEO Rebeca Romero Rainey issues statement on the latest congressional efforts to allow the IRS to collect financial account information from American consumers.
ICBA President and CEO Rebeca Romero Rainey issued the following statement on President Joe Biden’s intent to nominate Saule Omarova for comptroller of the currency.
The Independent Community Bankers of America this week launched a print and digital advertising campaign to inform Americans about the credit union tax exemption and its impact on financial services consolidation in local communities.
ICBA’s campaign urging consumers to speak out against an IRS reporting proposal topped 400,000 consumer messages to members of Congress, with lawmakers continuing to consider the plan.
ICBA today is launching a print and digital advertising campaign in key states calling on Congress to investigate the credit union tax exemption and its impact on acquisitions of community banks.
The Financial Crimes Enforcement Network issued a notice on increasing online child sexual exploitation. The notice provides financial institutions with specific suspicious activity report filing instructions and highlights trends.
The Independent Community Bankers of America (ICBA) called on federal banking regulators to extend Community Bank Leverage Ratio flexibility given the impact of COVID-19 relief efforts on community bank capital levels.
The OCC formally published its proposal to rescind its June 2020 Community Reinvestment Act rule and replace it with interagency rules adopted in 1995.
ICBA President and CEO Rebeca Romero Rainey called on community bankers to continue engaging consumers against a proposal that would require banks to report customer account information to the IRS.
With the number of credit union-bank acquisitions passing 100, the time has come for policymakers to examine the credit union tax exemption, ICBA Chairman Robert Fisher writes in a new op-ed.
ICBA President and CEO Rebeca Romero Rainey stated that ICBA and the nation’s community banks strongly oppose legislative proposals to authorize the Small Business Administration to provide direct loans through its 7(a) program,"
