The Independent Community Bankers of America (ICBA) today commended the Federal Deposit Insurance Corp. board of directors for proposing debt requirements for banks over $100 billion in assets.

In light of Hurricane Idalia and in observance of National Preparedness Month in September, ICBA and the nation's community banks are reminding consumers to take prudent measures that can help speed up their financial recovery following a natural or man-made disaster.

ICBA called on federal regulators to avoid disincentivizing the use of automated valuation models, or AVMs, which mortgage lenders use to value real estate collateral.

The FDIC board of directors said it will meet next week to consider new regulatory standards for large banks.

The Swift financial transactions and payments network said 89% of cross-border payments are processed over its network in less than an hour, placing its transaction speed ahead of the G20’s end-to-end target of 75% by 2027.

The Cybersecurity and Infrastructure Security Agency and other agencies issued a fact sheet on the capabilities of quantum computers, which pose new security threats to existing information systems.

In a new message to community bankers, ICBA President and CEO Rebeca Romero Rainey outlines the current state of the Consumer Financial Protection Bureau’s problematic 1071 rule, including ICBA’s efforts to continue its fight to protect community banks and small businesses from this harmful and burdensome regulation.

The ICBA National Campaign Toolkit features numerous assets for community banks and state partners, including frequently asked questions on the campaign.

The ICBA Foundation Disaster Relief Program is requesting tax-deductible donations to assist community banks and employees affected by a recent series of deadly wildfires on the Hawaiian island of Maui.

The U.S. District Court for the Southern District of Texas granted a request by ICBA, the Independent Bankers Association of Texas (IBAT), and Texas First Bank to intervene in the TBA v. CFPB case challenging the 1071 rule, a key procedural development.

ICBA Community continues to expand with more than 1,200 members and hundreds of conversations on a range of issues poised to shape the future of the community banking industry.

The Consumer Financial Protection Bureau will propose new rules to prevent the misuse and abuse of consumer information collected by credit reporting companies and other data brokers.

ICBA-opposed legislation to impose credit card routing restrictions would cost credit card users $11 billion in annual rewards, according to a new report from the Electronic Payments Coalition.

Special-purpose depository institution Custodia Bank said it has officially launched in certain states to serve U.S.-based business customers.

The Securities and Exchange Commission said crypto asset trading platform Bittrex Inc. and its former CEO, William Shihara, agreed to settle charges that they operated an unregistered national securities exchange, broker, and clearing agency.

A planned credit union acquisition of a community bank in Illinois will not go through, according to S&P Global.

The Federal Reserve said it is hosting a town hall meeting this month on the FedNow Service.

The Cybersecurity and Infrastructure Security Agency and other agencies issued a request for information on areas for prioritization to secure open-source software.

ICBA ThinkTECH Accelerator Director Stephanie Foster, who joined ICBA in January to help plan and execute ICBA’s award-winning program, is the subject of a new profile in BankBeat.

ICBA released an updated version of its “Meetings on Main Street” guide to help community bankers host members of Congress during the August congressional recess.