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ICBA urges OCC to preserve dedicated supervision for community banks

Apr 17, 2025 | NewsWatch Today
In response to the OCC’s announced decision to combine its community, midsize, and large bank supervision functions, ICBA said merging supervisory functions threatens to dilute the nuanced oversight that effective community bank supervision requires and jeopardizes the tailored regulatory approach that community banks deserve.

ICBA, other groups affirm support for legislation to prohibit mortgage trigger leads

Apr 17, 2025 | NewsWatch Today
ICBA and other groups expressed support for the reintroduction of legislation in the House and Senate to protect the financial privacy of mortgage applicants.

Acquisition ignites calls to end tax exemption for large credit unions

Apr 17, 2025 | NewsWatch Today
ICBA reiterated its call for policymakers to eliminate the federal tax exemption for credit unions with more than $1 billion in assets following the fourth announced credit union acquisition of a tax-paying community bank this year.

After community bank acquisition, ICBA urges end to tax exemption for billion-dollar credit unions

Apr 16, 2025 | NewsWatch Today
ICBA reiterated its call for policymakers to eliminate the federal tax exemption for credit unions with more than $1 billion in assets following the fourth announced credit union acquisition of a tax-paying community bank this year.

Judge scraps CFPB credit card late fee rule

Apr 16, 2025 | NewsWatch Today
A federal judge voided a Consumer Financial Protection Bureau rule capping credit card late fees at $8, after the agency agreed with opponents that the rule was illegal.

OCC releases bank letter on information security incident

Apr 16, 2025 | NewsWatch Today
The OCC released a letter sent to supervised institutions regarding unauthorized access to OCC email systems. The letter included background on the February incident, the OCC’s response, and what financial institutions could expect going forward.

Independent Banker details how banks can leverage FedNow

Apr 15, 2025 | NewsWatch Today
FedNow, the Federal Reserve’s instant payments system, wrapped up 2024 with more than 1,000 financial institutions participating, and 68% of community banks offering or planning to offer FedNow, according to the latest Independent Banker magazine.

ICBA seeks participants for cross-border payments group

Apr 15, 2025 | NewsWatch Today
ICBA is seeking 12-15 community bankers to join its working group on cross-border payments.

Fed’s Waller: Tariffs could affect the FOMC’s economic objectives

Apr 15, 2025 | NewsWatch Today
Federal Reserve Governor Christopher Waller said large, broadly applied tariffs could significantly affect the economy and the Federal Open Market Committee's pursuit of economic objectives.

New blog post highlights value of compensation data

Apr 14, 2025 | NewsWatch Today
Reliable competitive compensation and benefits data are crucial to securing and retaining top performers, according to a new Main Street Matters blog post.

ICBA, other groups oppose efforts to increase income tax rates

Apr 14, 2025 | NewsWatch Today
ICBA and other groups said recent proposals to raise the top individual income tax rate to 40% would disproportionately harm hundreds of thousands of pass-through businesses organized as S corporations, partnerships, and sole proprietorships.

ICBA supports legislation to safeguard small business data

Apr 14, 2025 | NewsWatch Today
Rep. John Rose (R-Tenn.) introduced ICBA-supported legislation—the Bank Loan Privacy Act—aimed at reforming the CFPB’s Section 1071 small business reporting rule. The bill would require the CFPB to undergo a formal rulemaking process to determine how the small business loan data it collects will be shared and used.