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Yellen remarks reflect ICBA calls for policy that doesn’t pick winners and losers

Mar 22, 2023 | NewsWatch Today
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.

Brown, Barr to speak at 2023 ICBA Capital Summit

Mar 22, 2023 | NewsWatch Today
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.

ICBA urges FinCEN to modify proposed beneficial owner reporting form

Mar 22, 2023 | NewsWatch Today
ICBA called on the Financial Crimes Enforcement Network to modify its proposed form for collecting beneficial ownership information from reporting companies.

CFPB expands survey of credit card issuers

Mar 22, 2023 | NewsWatch Today
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.

CFPB updates rules with agency contact info

Mar 20, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau issued a final rule to make non-substantive corrections and updates to federal agency contact information in Regulations B, E, F, J, V, X, Z, and DD.

Romero Rainey: ICBA fighting for community banks

Mar 20, 2023 | NewsWatch Today
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.

FDIC announces Signature Bank buyer

Mar 20, 2023 | NewsWatch Today
The FDIC announced a purchase-and-assumption agreement with Flagstar Bank of Hicksville, N.Y., for substantially all deposits and certain loan portfolios of Signature Bridge Bank.

FS-ISAC warns of cybercrime following SVB failure

Mar 20, 2023 | NewsWatch Today
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.

Biden pushes tougher penalties for executives after bank closures

Mar 20, 2023 | NewsWatch Today
President Joe Biden called on Congress to authorize tougher penalties for senior bank executives whose mismanagement contributed to their institutions failing.

NCUA considering ICBA-opposed subordinated debt today

Mar 16, 2023 | NewsWatch Today
With the National Credit Union Administration meeting today on a rule to relax restrictions on issuing subordinated debt, a former NCUA official raised concerns in a recent blog post.

FedNow Service will launch in July

Mar 16, 2023 | NewsWatch Today
The Federal Reserve is scheduled to launch its FedNow Service in July, Fed officials announced at ICBA LIVE 2023 in Hawaii.

ICBA voicing community bank resiliency amid banking industry developments

Mar 13, 2023 | NewsWatch Today
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.