NewsWatch Today

ICBA testified before Congress on its new proposal for a USDA program that would speed up loan approval times and thereby enhance access to credit in rural communities.

ICBA President and CEO Rebeca Romero Rainey and ICBA Bancard President and CEO Tina Giorgio were again named to Washingtonian magazine’s list of the 500 Most Influential People in the nation’s capital.

ICBA called on the Consumer Financial Protection Bureau to withdraw its proposed rule on credit card fees for late payments.

Senate Banking Committee leaders differentiated recently failed financial institutions from the broader banking industry during a committee hearing on holding executives accountable.

ICBA continued to differentiate community banks from larger financial institutions in the news media following the failure of First Republic Bank.

ICBA is scheduled to testify before Congress tomorrow on its farm bill priorities and other key proposals for the ag sector.

ICBA and other groups asked the Consumer Financial Protection Bureau to extend the comment deadline on its proposed rule on credit card penalty fees by 45 days, to June 18.

ICBA Bancard extended the deadline for its survey on ACH fraud and whether it is a significant concern for community bankers and customers.

The FDIC and OCC issued supervisory guidance on consumer compliance risks associated with bank overdraft protection programs.

The Consumer Financial Protection Bureau issued guidance on debt collectors threatening to foreclose on homes with mortgages past the statute of limitations.

The American Bankers Association position that the entire banking industry is responsible for covering the cost of recent large bank failures shows why community banks need their own voice in Washington, ICBA President and CEO Rebeca Romero Rainey said.

The Treasury Department issued a strategy on de-risking, which occurs when financial institutions terminate or restrict business relationships indiscriminately with broad categories of customers rather than analyzing and managing the risk of those customers.