ICBA commended the FDIC board of directors for withdrawing three ICBA-opposed proposed rules that would harm community banks and the communities they serve.
The FDIC board of directors voted to rescind its 2024 Statement of Policy on Bank Merger Transactions and will reinstate, on an interim basis, the Merger Policy Statement that was in effect prior to 2024 as the agency conducts a broader reevaluation of its bank merger review process.
The Independent Community Bankers of America (ICBA) today commended the Federal Deposit Insurance Corp. board of directors for withdrawing three ICBA-opposed proposed rules that would harm community banks and the communities they serve.
ICBA said General Motors Financial Bank’s application for FDIC insurance threatens the Deposit Insurance Fund and doesn’t serve the convenience and needs of the community.
The Financial Crimes Enforcement Network said it will not issue any fines or penalties or take any other enforcement actions against any companies based on failure to file or update beneficial ownership information reports by the current deadlines.
With Washington focused on reforming the Consumer Financial Protection Bureau, ICBA is calling on community bankers to tell their members of Congress to support legislative efforts to stop the bureau's overdraft rule.
The Consumer Financial Protection Bureau will center its regulation on real risks to consumers and focus its enforcement on bad actors, CFPB director nominee Jonathan McKernan told Congress.
The future of community banking is bright as long as regulators focus on appropriate regulations and guidance and recognize that investment in innovation and growth is a necessity, not a roadblock, according to Federal Reserve Governor Michelle Bowman.
ICBA told Congress that any legislation establishing a regulatory framework for stablecoins must address stablecoin risks without disintermediating community banks.
ICBA continues calling on community bankers to tell their members of Congress to support legislative efforts to stop the Consumer Financial Protection Bureau's overdraft rule.
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement opposing the consolidation of the nation’s banking regulators.
Community bank net income fell 6.5% in the fourth quarter and was down 2.4% in 2024 from the previous year, according to the FDIC’s latest Quarterly Banking Profile.
ICBA’s recent letter urging the Trump administration to advance several needed reforms is essential to supporting community banks while avoiding unintended consequences, ICBA President and CEO Rebeca Romero Rainey said this week.
ICBA urged the Trump administration to advance key policies under its “Repair, Reform, and Thrive” plan to continue advancing policies that support community banks.
ICBA is calling on community bankers to tell their members of Congress to support legislative efforts to stop the Consumer Financial Protection Bureau's overdraft rule.