Powell: Regulators will change Basel III Endgame rule

Mar 7, 2024 | NewsWatch Today
Federal Reserve Chair Jerome Powell told Congress that regulators will likely make substantial updates to their proposed Basel III Endgame capital standards.

ICBA Statement on SEC Final Rule on Climate Disclosures

Mar 6, 2024 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey released the following statement on today’s Securities and Exchange Commission final rule requiring public companies to issue climate-related disclosures.

CFPB finalizes rule on credit card late fees with community bank exemption

Mar 6, 2024 | NewsWatch Today
ICBA said it remains concerned about the unintended consequences of a newly released Consumer Financial Protection Bureau final rule to cut credit card late fees despite an exemption for the nation’s community banks.

WSJ: Better rates, face time sending consumers to community banks

Mar 6, 2024 | NewsWatch Today
A growing number of bank customers are moving their money from large institutions to community banks, according to a new Wall Street Journal report.

Tether stablecoin—a destination for scammed funds—tops $100B

Mar 6, 2024 | NewsWatch Today
The unregulated Tether stablecoin reached $100 billion in circulation this week amid rising demand for cryptocurrencies, Reuters reported.

ICBA Statement on CFPB Rulemaking on Credit Card Late Fees

Mar 5, 2024 | Press Release
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.

Independent Banker introduces incoming ICBA chairman Lucas White

Mar 5, 2024 | NewsWatch Today
The March issue of ICBA Independent Banker magazine profiles incoming ICBA Chairman Lucas White.

ICBA quarterly advocacy briefing this week

Mar 5, 2024 | NewsWatch Today
ICBA this week is hosting its first-quarter update on regulations and congressional events from inside the Capital Beltway.

Consumers lose protections with credit union-bank acquisitions: NCUA official

Mar 5, 2024 | NewsWatch Today
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.

ICBA poll shows Americans support changing credit union policies

Mar 4, 2024 | NewsWatch Today
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.

ICBA-backed bill would codify program supporting minority banks

Mar 4, 2024 | NewsWatch Today
Rep. Joyce Beatty (D-Ohio) introduced ICBA-supported legislation to codify a Treasury Department program to support minority depository institutions and other community banks.

Regulators meeting this week at Community Reinvestment Conference

Mar 4, 2024 | NewsWatch Today
Regulators meeting this week at Community Reinvestment Conference

Poll: Americans Support Changing Policies Favoring Tax-Exempt Credit Unions

Mar 1, 2024 | Press Release
The Independent Community Bankers of America (ICBA) today released new polling data showing Americans support reforms to policies that arbitrarily favor credit unions.

CFPB issues guidance on financial comparison-shopping sites

Mar 1, 2024 | NewsWatch Today
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.

FHFA changes timeline for new credit score models

Mar 1, 2024 | NewsWatch Today
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.

‘Pig butchering’ scams have nabbed $75B: study

Mar 1, 2024 | NewsWatch Today
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.

Global group warns of crypto intermediary, stablecoin risks

Mar 1, 2024 | NewsWatch Today
The head of the Financial Stability Board warned of the risks posed by multifunction crypto intermediaries and stablecoins.

Independent Banker magazine, podcast honored

Feb 29, 2024 | NewsWatch Today
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.

Navy Federal fallout continues on Capitol Hill

Feb 29, 2024 | NewsWatch Today
The fallout of reports on discriminatory lending at Navy Federal Credit Union continued Wednesday with new congressional leaders seeking an inquiry.

ICBA urging opposition to Florida credit union bill

Feb 29, 2024 | NewsWatch Today
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.