Senate, House continue pushback on SBA direct lending

Dec 15, 2021 | NewsWatch Today
ICBA’s grassroots campaign against efforts to authorize SBA direct lending under its 7(a) loan program got a boost Tuesday in the Senate and House.

McWilliams denies including merger review vote in FDIC minutes

Dec 15, 2021 | NewsWatch Today
FDIC Chairman Jelena McWilliams denied a request by Consumer Financial Protection Bureau Director Rohit Chopra to include in the agency’s official minutes a vote to request public feedback on its bank-merger framework.

As Senate meets on stablecoins, ICBA urges coordinated approach

Dec 15, 2021 | NewsWatch Today
Policymakers should take a comprehensive, coordinated regulatory approach to stablecoins and other digital assets, ICBA told the Senate Banking Committee.

CFPB updates electronic fund transfer FAQs

Dec 15, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau updated its frequently asked questions on electronic fund transfers.

FinCEN seeks comments on modernizing AML/CFT regime

Dec 15, 2021 | NewsWatch Today
The Financial Crimes Enforcement Network requested comments on updating the U.S. anti-money-laundering and countering-the-financing-of-terrorism regime.

OCC issues final rule rescinding CRA rule

Dec 15, 2021 | NewsWatch Today
The OCC issued a final rule to rescind its June 2020 Community Reinvestment Act rule and reinstate the 1995 interagency CRA rule.

1071 campaign now open to small-biz customers

Dec 15, 2021 | NewsWatch Today
ICBA is calling on community bankers to enlist their small-business customers in the industry’s comment letter campaign on the Consumer Financial Protection Bureau’s 1071 data collection and reporting requirements.

1071 leads CFPB rulemaking agenda

Dec 15, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau released its fall 2021 agenda of regulatory matters it plans to pursue through Oct. 31, 2022.

Small-biz customers can now join 1071 campaign

Dec 14, 2021 | NewsWatch Today
ICBA is calling on community bankers to enlist their small-business customers in the industry’s comment letter campaign on the Consumer Financial Protection Bureau’s 1071 data collection and reporting requirements.

CISA warns of Java logging library vulnerability

Dec 14, 2021 | NewsWatch Today
The Cybersecurity and Infrastructure Security Agency urged the private and public sectors to actively address a critical vulnerability that a growing set of threat actors are exploiting.

ICBA Urges Fed to Accelerate Flow of FedNow Information

Dec 13, 2021 | Press Release
The Independent Community Bankers of America (ICBA) asked the Federal Reserve to accelerate the flow of information about the FedNow instant payments service to ensure community banks have the data they need to maximize participation ahead of the 2023 launch.

From the CEO: ICBA and Community Banker Leadership Prevails Again

Dec 13, 2021 | NewsWatch Today
Amid an outsized response to the pandemic’s economic implications, community bankers have in 2021 once again proven to be formidable leaders both in your communities and in Washington — with ICBA by your side and leading the way.

IMF researchers urge global crypto regulatory regime

Dec 10, 2021 | NewsWatch Today
A new International Monetary Fund article urges regulators across the globe to develop comprehensive international standards for digital assets.

Recording of 1071 grassroots briefing available

Dec 10, 2021 | NewsWatch Today
Community bankers can access an on-demand recording of yesterday’s ICBA briefing on its campaign targeting the Consumer Financial Protection Bureau’s Section 1071 proposal.

ICBA backs bill to extend CBLR relief

Dec 10, 2021 | NewsWatch Today
ICBA expressed support for legislation to allow federal banking regulators to implement a community bank leverage ratio of 8-8.5% through 2024.

CFPB report spotlights mortgage, payday, remittance violations

Dec 10, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau released its Supervisory Highlights report for the first half of 2021, which spotlights legal violations identified during exams of financial institutions with more than $10 billion in assets.

House passes ICBA-backed LIBOR transition bill

Dec 9, 2021 | NewsWatch Today
The House passed ICBA-supported legislation to support the transition from LIBOR to alternative reference rates.

ICBA 1071 advocacy briefing today

Dec 9, 2021 | NewsWatch Today
ICBA is hosting a complimentary briefing on its campaign targeting the Consumer Financial Protection Bureau’s Section 1071 proposal at 3 p.m. (Eastern time) today, Dec. 9.

As crypto CEOs testify, ICBA urges coordinated regulatory approach

Dec 9, 2021 | NewsWatch Today
With cryptocurrency CEOs testifying before Congress, ICBA called on policymakers to enact a comprehensive, coordinated regulatory approach to digital assets that ensures innovation is undertaken safely.

ICBA-opposed Omarova nomination withdrawn

Dec 8, 2021 | NewsWatch Today
Law professor Saule Omarova withdrew her nomination to lead the Office of the Comptroller of the Currency following public opposition by ICBA and affiliated state community banking groups.