Both chambers of Congress are in session this week. The House Financial Services Committee has two hearings scheduled.

House Financial Services Committee Chairman Patrick McHenry (R-N.C.) and House Agriculture Committee Chairman Glenn "GT" Thompson (R-Pa.) released a discussion draft of legislation to establish a statutory framework for digital asset regulation.

Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America (ICBA), announced its fifth annual list of 40 Under 40: Emerging Community Bank Leaders.

The Independent Community Bankers of America (ICBA) today announced two additions to its government relations team with the hire of Lance Noggle as senior vice president operations, senior regulatory counsel and Scott Anchin as vice president, senior operational risk and payments policy.

Federal regulators requested public comment on a proposed rule designed to implement quality control standards for automated valuation models, or AVMs, used by mortgage originators and secondary market issuers in valuing real estate collateral securing mortgage loans.

Recognizing the need to prioritize and foster ongoing engagement between regulators and the community banking technology community, the Independent Community Bankers of America (ICBA) today hosted its focused “Regulator Day.”

Community banks reported a 6.1% first-quarter increase in net income from a year ago and a 4.2% decline from the previous quarter, according to the FDIC’s latest Quarterly Banking Profile.

With the House still planning to take up a resolution to nullify the Consumer Financial Protection Bureau’s Section 1071 data-collection rule, ICBA continues calling on community bankers to urge their members of Congress to support the measure.

The deadline to participate in the 2023 Crowe Financial Institutions Compensation and Benefits Survey has been extended to June 15.

ICBA called on a Bank for International Settlements panel to issue a second proposed framework on ISO 20022 harmonization requirements for enhancing cross-border payments.

ICBA Bancard®, the payments services subsidiary of the Independent Community Bankers of America (ICBA), announced that its credit card bank, TCM Bank, N.A., is celebrating its 25th anniversary this month.

A new blog post from ICBA Bancard President and CEO Tina Giorgio reviews the evolution of digital payments and lessons for the current conversation about instant payments.

The International Organization of Securities Commissions published a consultation report with its proposed policy recommendations for regulating crypto markets as securities.

Participating in the 2023 Crowe Financial Institutions Compensation and Benefits Survey is the first step to accessing bank compensation benchmarks and trends across 273 jobs.

FDIC research suggests that efforts to connect unbanked consumers to the banking system are having an effect, FDIC Chairman Martin Gruenberg said.

Policymakers should ensure the response to recent bank failures does not undermine regulatory tailoring and risk-based supervision, Federal Reserve Governor Michelle Bowman said.

A wholesale central bank digital currency could enable faster, simultaneous, and safer cross-border payments, according to a new report from the Federal Reserve Bank of New York and the Monetary Authority of Singapore.

While the Senate is not in session this week, the House Financial Services Committee has two hearings scheduled.

ICBA today told Congress that the Small Business Administration should pause new rules lifting the moratorium on the number of non-federally regulated institutions, including nonbank fintech companies, that can make loans under its 7(a) program.

The Consumer Financial Protection Bureau issued a small entity compliance guide on the bureau’s Section 1071 rule on small-business data collection and reporting.