The FDIC board of directors voted 3-2 to approve its special assessment to replenish the Deposit Insurance Fund with an ICBA-supported exemption for the vast majority of community banks.
ICBA leadership community bankers and staff met with Federal Reserve officials on banking regulators’ supervisory approach to how banks assess fees on items that are repeatedly rejected for insufficient funds.
Members of Congress continued to press prudential regulators about the impact of their rulemakings on community banks during a second day of oversight hearings.
Global policy groups continued making their case for central bank digital currencies with the release of a new International Monetary Fund guidebook on digital dollars.
The FDIC board of directors is scheduled to meet at 10 a.m. (Eastern time) today to finalize the agency’s special assessment to replenish the Deposit Insurance Fund following large bank failures earlier this year.
ICBA Bancard, ICBA’s payments subsidiary, unveiled its new brand—ICBA Payments. The name change reflects its expanded offerings beyond card services and a broader focus on the larger payments landscape.
ICBA and other groups urged the Consumer Financial Protection Bureau to deny a recent petition seeking a rulemaking that would ban pre-dispute arbitration provisions in contracts for consumer financial services.
