NewsWatch Today

Tomorrow’s House Financial Services Committee markup will drive the week on Capitol Hill. The panel will consider an ICBA-supported bill to close the industrial loan company loophole and ICBA-opposed legislation on overdraft, payments, and small-business regulations.

Congress should join the growing number of states fighting back against credit union acquisitions of community banks, ICBA President and CEO Rebeca Romero Rainey says in a new op-ed.

The proposed update to Community Reinvestment Act regulations incentivizes banks to support minority depository institutions and community development financial institutions, Acting Comptroller of the Currency Michael Hsu said.

ICBA continued its new series of blog posts on the collapse of the TerraUSD stablecoin and its broader impact.

With several key community banking policy issues coming up for a vote in the coming days, ICBA is urging community bankers to speak out while it engages lawmakers in Washington.

ICBA and a coalition of 44 state community banking associations urged Congress to include a cannabis banking safe harbor in the America COMPETES Act conference report.

The Consumer Financial Protection Bureau said it terminated Upstart Network from its list of approved “no-action letters” at Upstart’s request.

ICBA wrote to the FDIC to share its concerns with the agency’s proposed climate risk management framework for large banks, which could limit and discourage financial institutions from doing otherwise lawful business with climate-disfavored industries.

ICBA continues calling on community bankers to urge their lawmakers to oppose legislation that would expand credit unions’ fields of membership and commercial lending powers.

Misguided efforts by “big box” merchants seeking to extend debit card interchange price controls to the credit card market jeopardize investments in protections and security that defend cardholders from criminal activity and undermine trust in the banking system, writes ICBA’s Deborah Matthews Phillips in a new blog post.

ICBA and 44 state banking groups wrote to the FDIC to express concerns that the agency’s proposed climate risk management framework for large banks could “choke off” lawful but climate-disfavored industries from the banking system.

Today is the deadline for community bankers to submit personalized comment letters to the FDIC on its draft statement of principles for climate-related financial risk management for large financial institutions.