The House Financial Services Committee is scheduled to take up three ICBA-advocated bills today to repeal the CFPB’s 1071 rule, promote de novo bank formation, and restrict the issuance of a U.S. central bank digital currency.
In observance of Community Banking Month, ICBA reminded Americans of the pivotal role community banks serve in bolstering local economies, supporting small businesses, and offering relationship-driven banking services.
With the House set to vote this week on an ICBA-advocated resolution to overturn the Consumer Financial Protection Bureau’s overdraft rule, ICBA is calling on community bankers to continue urging their lawmakers to vote in favor of the measure.
The House Financial Services Committee is scheduled to take up three ICBA-advocated bills this week to repeal the CFPB’s 1071 rule, promote de novo bank formation, and restrict the issuance of a U.S. central bank digital currency.
The OCC withdrew its participation in ICBA-opposed interagency principles for climate-related financial risk management for financial institutions with $100 billion or more in total consolidated assets.
ICBA applauded the federal banking agencies for announcing plans to rescind their final rule reforming the Community Reinvestment Act, citing its disproportionate implementation costs for community banks.
ICBA commended the SEC for ending the defense of its rule requiring public companies to issue climate-related disclosures, which would have a damaging impact on the capital markets, community banks, and the customers they serve.
After the ICBA-supported Congressional Review Act resolution, S.J. Res 18, last week passed the Senate, it moves to the House of Representatives, where a vote is expected this week—requiring ongoing community banker grassroots outreach to Congress.
