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ICBA proposes needed changes to CRE guidance update

Oct 7, 2022 | NewsWatch Today
ICBA issued a comment letter expressing support for an agency effort to provide clearer guidance on prudent commercial real estate loan accommodations and workouts while suggesting improvements to the proposal.

Grassroots key amid interchange amendment push

Oct 7, 2022 | NewsWatch Today
With lawmakers working to include ICBA-opposed credit card legislation in a must-pass defense bill, ICBA is urging community bankers to continue the grassroots campaign against the interchange measure.

Grassroots critical as lawmakers seek to advance interchange bill

Oct 4, 2022 | NewsWatch Today
With Sens. Richard Durbin (D-Ill.) and Roger Marshall (R-Kan.) working to include their ICBA-opposed credit card legislation in a must-pass defense bill, ICBA is urging community bankers to continue the grassroots campaign against the interchange measure.

ICBA seeking Digital Assets Task Force nominations

Oct 4, 2022 | NewsWatch Today
ICBA is seeking submissions from volunteers to serve on a new Digital Assets Task Force to examine and deliberate issues related to central bank digital currency and digital assets, such as stablecoins.

Gruenberg: Community bank climate strategies successful

Oct 4, 2022 | NewsWatch Today
Community banks have successfully employed strategies for managing climate-related financial risk, though the prevalence of risk will increase with climate change, FDIC Acting Chairman Martin Gruenberg said.

FinCEN issues final rule on beneficial ownership reporting

Sep 30, 2022 | NewsWatch Today
The Financial Crimes Enforcement Network issued a final rule establishing a beneficial ownership information reporting requirement.

As Hurricane Ian makes landfall, ICBA offers community bank resources

Sep 29, 2022 | NewsWatch Today
With Hurricane Ian making landfall in Florida as a Category 4 hurricane, ICBA offers updates on its Hurricane Preparedness resource center.

Gruenberg: Community banks lead during downturns

Sep 29, 2022 | NewsWatch Today
FDIC Acting Chairman Martin Gruenberg reiterated his recent remarks that community banks have an outsized role in lending during times of distress and providing equitable access to financial services.

Fed’s Bowman: Credit union acquisitions indicate need for merger rethink

Sep 29, 2022 | NewsWatch Today
Federal Reserve Governor Michelle Bowman said the increase in credit union acquisitions of taxpaying community banks indicates regulators should rethink how they evaluate bank mergers.

ICBA offers hurricane resources as Ian approaches

Sep 27, 2022 | NewsWatch Today
ICBA updated its Hurricane Preparedness resource center with the latest on Hurricane Ian. With Ian on pace to make landfall with the west coast of Florida early Friday, the page offers community bankers tools to help weather the storm.

CFPB ending no-action-letter, sandbox policies

Sep 27, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau is allowing its ICBA-supported policies on no-action letters and compliance assistance sandboxes to expire, cementing the agency’s transition away from Office of Innovation programs.

States demand crypto lender cease interest-bearing accounts

Sep 27, 2022 | NewsWatch Today
Several states announced cease-and-desist actions against cryptocurrency lender Nexo alleging that its interest-bearing accounts function as an unlicensed security.