A new blog post spotlights a growth-focused credit union that has rapidly expanded its footprint and obscured its declining net worth by acquiring smaller credit unions and issuing subordinated debt.
The Community Development Financial Institutions Fund and the Federal Housing Finance Agency announced the formation of a working group to increase capital for affordable housing lending from the Federal Home Loan Banks.
ICBA said a new regulatory action against VyStar Credit Union for harming consumers through its botched rollout of a new online banking system exemplifies the risks posed by lagging credit union regulation.
ICBA commended the federal banking agencies for hosting a virtual community banker outreach meeting under their current regulatory review and called for at least three more meetings.
To counteract “regulation through enforcement,” ICBA urged federal banking regulators to periodically publish supervisory highlights on key examination findings related to bank-fintech partnerships, similar to the Consumer Financial Protection Bureau’s.
The Financial Stability Board reiterated its calls for countries to regulate stablecoins due to concerns about users losing confidence in stablecoins, which could lead to runs on issuers.
ICBA Payments has a 40-year history of innovation and growth with a successful brand, steady business, and loyal clients—but it’s time for a transformation, according to a new blog post.
ICBA is urging community bankers to use its Be Heard grassroots action center to submit comments on the current Economic Growth and Regulatory Paperwork Reduction Act review ahead of today’s deadline.
FDIC Chairman Martin Gruenberg said there is a need for meaningful action to improve the likelihood of orderly resolutions of large regional banks without the expectation of invoking the systemic risk exception.
The ICBA Foundation’s Hurricane Relief Fund—which is dedicated to supporting community bankers, their employees, and communities—has surpassed $100,000 in donations across five states.
ICBA continues urging community bankers to use its Be Heard grassroots action center to submit comments on the current Economic Growth and Regulatory Paperwork Reduction Act review.
