ICBA expressed opposition to the establishment of a U.S. central bank digital currency. In a comment letter to the Federal Reserve, ICBA said a U.S. CBDC would introduce significant privacy and cybersecurity risks into the nation’s monetary system and disrupt U.S. banking stability.
ICBA continues calling on community bankers to submit personalized comment letters to the FDIC on its draft statement of principles for climate-related financial risk management for large financial institutions.
New polling conducted by Morning Consult supported community banker meetings with policymakers at the recent 2022 ICBA Capital Summit, according to ICBA’s latest blog post.
ICBA continues calling on community bankers to submit personalized comment letters to the FDIC on its draft statement of principles for climate-related financial risk management for large financial institutions.
ICBA expressed disappointment that the FDIC eliminated the independent Office of Supervisory Appeals and restored the Supervision Appeals Review Committee as the final level of review in the agency’s supervisory appeals process.
ICBA President and CEO Rebeca Romero Rainey issued the following statement after the FDIC board of directors voted to restore the agency’s Supervision Appeals Review Committee and amend the January 2021 Guidelines for Appeals of Material Supervisory Determinations, which had created an independent Office of Supervisory Appeals.
ICBA, American Bankers Association, Bank Policy Institute, and Mid-Size Bank Coalition of America commented late yesterday on a SEC proposal that would implement new requirements for financial institutions to disclose material cyber incidents, as well as cybersecurity risk management, strategy and governance.
The Consumer Financial Protection Bureau published an advisory opinion affirming that the Equal Credit Opportunity Act bars lenders from discriminating against customers after they have received a loan, not just during the application process.
Acting Comptroller of the Currency Michael Hsu said he has directed senior OCC staff to work with the Justice Department and other agencies to review federal frameworks for bank mergers.
ICBA expressed support for a Consumer Financial Protection Bureau proposed rule that would prohibit consumer reporting agencies from reporting adverse information on victims of human trafficking.
ICBA President and CEO Rebeca Romero Rainey released the following statement on today’s interagency proposed rule to modernize Community Reinvestment Act regulations.
The Independent Community Bankers of America joins the nation’s community banks in celebrating National Small Business Week (May 1-7) and showing their support for locally owned and operated businesses.
The FDIC is proposing that large financial institutions, defined as those with over $100 billion in total consolidated assets, be subject to a climate-related financial risk management framework.
The Independent Community Bankers of America (ICBA) today released its legislative and regulatory policy objectives for 2022 during the ICBA Capital Summit.
