Independent Community Bankers of America President and CEO Rebeca Romero Rainey released the following statement on today’s Consumer Financial Protection Bureau final rule on credit card fees for late payments.
Consumers receive fewer financial protections from tax-exempt credit unions than they do from tax-paying banks and lose protections when credit unions acquire banks, according to a top National Credit Union Administration official.
With credit union representatives meeting with members of Congress in Washington this week, ICBA today is releasing new polling data showing Americans support reforms to policies that arbitrarily favor credit unions.
Rep. Joyce Beatty (D-Ohio) introduced ICBA-supported legislation to codify a Treasury Department program to support minority depository institutions and other community banks.
The Independent Community Bankers of America (ICBA) today released new polling data showing Americans support reforms to policies that arbitrarily favor credit unions.
The Consumer Financial Protection Bureau issued guidance to law enforcement agencies and regulators explaining how companies operating comparison-shopping tools can break the law when they steer consumers to certain products or lenders because of kickbacks.
The Federal Housing Finance Agency announced updates to the implementation of new credit score requirements for single-family loans acquired by Fannie Mae and Freddie Mac.
A new academic paper found “pig butchering” scams—in which victims invest increasing sums in supposedly legitimate virtual currency enterprises before being conned out of their money—claimed $75 billion since January 2020.
ICBA’s Independent Banker magazine took home top honors in its category for this year’s Association Trends 2024 TRENDY Awards, while the Independent Banker podcast also received recognition in the best podcast category.
ICBA is encouraging Florida community bankers to respond to the Florida Bankers Association’s request for phone calls opposing state legislation to expand the powers of tax-exempt credit unions.
The Independent Community Bankers of America’s (ICBA) Independent Banker magazine took home top honors in its category for this year’s Association Trends 2024 TRENDY Awards, while the Independent Banker podcast also received recognition in the best podcast category.
The Community Reinvestment Act final rule issued last fall is unnecessarily complex and would impose disproportionate regulatory burdens on community banks, Federal Reserve Governor Michelle Bowman said.
Large banks should be doing more to account for the counterparty risks posed by hedge funds and other nonbanks, Federal Reserve Vice Chair for Supervision Michael Barr said.
