After the 20th credit union acquisition of a community bank this year—and another featuring a credit union crossing state lines to buy a community bank—ICBA said the record number of transactions is being noticed by the public and policymakers.
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey today issued the following statement after the latest acquisition of a tax-paying bank by a tax-exempt credit union, extending this year’s record to 20.
The Consumer Financial Protection Bureau ordered Navy Federal Credit Union to refund more than $80 million in overdraft fees to consumers, change its overdraft practices, and pay a $15 million civil penalty.
ICBA published a grassroots guide to help community bankers submit unique comment letters on the FDIC’s notice of proposed rulemaking on brokered deposit restrictions.
The Federal Open Market Committee voted unanimously to cut target interest rates by 25 basis points due an easing labor market and inflation moving toward its 2% goal. The cut lowers the federal funds rate to a range of 4.5% to 4.75%.
With the re-election of President Donald Trump, control of the Senate shifting to Republicans, and the House still up in the air, ICBA released an analysis of the 2024 election exclusively for community banks.
The FDIC announced that its Advisory Committee on Economic Inclusion (ComE-IN) will meet at 9 a.m. (Eastern time) Wednesday, Nov. 13, in Washington, D.C.
The ICBA Foundation’s Hurricane Relief Fund—which is dedicated to supporting community bankers, their employees, and communities—continues to grow, including via a $25,000 match from ICBA.
The FDIC announced that today it will introduce an online tool to help financial institutions, investors, and other interested groups to identify neighborhoods that could benefit from banking services.
The ICBA Foundation’s Hurricane Relief Fund—which is dedicated to supporting community bankers, their employees, and communities—continues to grow with generous support, including a $25,000 match from ICBA.
ICBA President and CEO Rebeca Romero Rainey issued the following statement on the 2024 elections. “ICBA and the nation’s community bankers congratulate the winners of last night’s elections and look forward to working with them on the key policy issues affecting community banks and the communities they serve.
The Federal Housing Finance Agency’s regulatory crackdown on the Federal Home Loan Banks threatens the housing finance system at a time of high prices and limited supply, ICBA wrote in a new op-ed.
A new blog post spotlights a growth-focused credit union that has rapidly expanded its footprint and obscured its declining net worth by acquiring smaller credit unions and issuing subordinated debt.
The Community Development Financial Institutions Fund and the Federal Housing Finance Agency announced the formation of a working group to increase capital for affordable housing lending from the Federal Home Loan Banks.
ICBA said a new regulatory action against VyStar Credit Union for harming consumers through its botched rollout of a new online banking system exemplifies the risks posed by lagging credit union regulation.
ICBA commended the federal banking agencies for hosting a virtual community banker outreach meeting under their current regulatory review and called for at least three more meetings.
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement after the Consumer Financial Protection Bureau took action against VyStar Credit Union for harming consumers through its botched rollout of a new online banking system.
To counteract “regulation through enforcement,” ICBA urged federal banking regulators to periodically publish supervisory highlights on key examination findings related to bank-fintech partnerships, similar to the Consumer Financial Protection Bureau’s.
