Treasury Secretary Janet Yellen said her department is committed to ensuring the ongoing health and competitiveness of the community banking system, reflecting ICBA’s calls for policymakers to ensure deposit insurance policy does not pick winners and losers in the banking system.
Senate Banking Committee Chairman Sherrod Brown (D-Ohio) and House Subcommittee on Financial Institutions Chairman Andy Barr (R-Ky.) are set to speak at the upcoming 2023 ICBA Capital Summit, scheduled for May 14-17 in Washington, D.C.
The Consumer Financial Protection Bureau announced an updated survey of credit card issuers designed to help consumers and families compare interest rates and other features when shopping for a new credit card.
ICBA continues to distinguish community banks from larger and riskier financial institutions among policymakers and the news media in the wake of recent large bank failures, ICBA President and CEO Rebeca Romero Rainey said in a weekend alert to community bankers.
The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary warns that community institutions should anticipate that cybercriminals will attempt to capitalize on uncertainty following the collapse of Silicon Valley Bank.
Amid a series of developments following the closure of Silicon Valley Bank on Friday, ICBA said it is ensuring the community banking voice is being heard while it reminded consumers they can bank with confidence at a community bank.