Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on a recent report from Sen. Elizabeth Warren (D-Mass.) on Zelle.

With Sens. Richard Durbin (D-Ill.) and Roger Marshall (R-Kan.) working to include their ICBA-opposed credit card legislation in a must-pass defense bill, ICBA is urging community bankers to continue the grassroots campaign against the interchange measure.

ICBA is seeking submissions from volunteers to serve on a new Digital Assets Task Force to examine and deliberate issues related to central bank digital currency and digital assets, such as stablecoins.

Community banks have successfully employed strategies for managing climate-related financial risk, though the prevalence of risk will increase with climate change, FDIC Acting Chairman Martin Gruenberg said.

The Financial Crimes Enforcement Network issued a final rule establishing a beneficial ownership information reporting requirement.

The Independent Community Bankers of America (ICBA) today announced Wayne Miller will join ICBA as senior vice president, innovation programs, effective October 17.

With Hurricane Ian making landfall in Florida as a Category 4 hurricane, ICBA offers updates on its Hurricane Preparedness resource center.

FDIC Acting Chairman Martin Gruenberg reiterated his recent remarks that community banks have an outsized role in lending during times of distress and providing equitable access to financial services.

Federal Reserve Governor Michelle Bowman said the increase in credit union acquisitions of taxpaying community banks indicates regulators should rethink how they evaluate bank mergers.

ICBA and other groups today sent a letter to House leaders warning that pending interchange legislation would reduce access to credit, increase security risks associated with credit card use, and limit credit card rewards programs.

The Independent Community Bankers of America (ICBA) today announced plans to bring its award-winning, community banker-led ThinkTECH Accelerator program in-house with a new, dedicated office based in the innovation hub of Atlanta.

ICBA updated its Hurricane Preparedness resource center with the latest on Hurricane Ian. With Ian on pace to make landfall with the west coast of Florida early Friday, the page offers community bankers tools to help weather the storm.

The Consumer Financial Protection Bureau is allowing its ICBA-supported policies on no-action letters and compliance assistance sandboxes to expire, cementing the agency’s transition away from Office of Innovation programs.

Several states announced cease-and-desist actions against cryptocurrency lender Nexo alleging that its interest-bearing accounts function as an unlicensed security.

With ICBA-opposed legislation to expand on the Durbin Amendment now introduced in both the House and Senate, ICBA is calling on community bankers to continue the grassroots campaign against the anti-consumer bill.

The 2022 Crowe Bank Compensation Survey Report—which provides insights on compensation, human resources, and benefits—is now available for purchase.

The Consumer Financial Protection Bureau requested feedback on ways to spur new mortgage products that streamline and automate loan refinancing.

Nacha released a new strategy for payments industry participants to address scams that deceive consumers into sending payments to fraudsters under false pretenses.

ICBA told House leaders it strongly opposes the Credit Card Competition Act of 2022 (H.R. 8874), controversial legislation to create new credit card routing mandates that expand on Durbin Amendment interchange restrictions.

The Federal Open Market Committee raised the federal funds rate target by another 75 basis points and released updated projections reflecting the impact of its campaign against inflation.