When the Federal Housing Finance Agency last year began a deep dive on the Federal Home Loan Bank System, ICBA urged the agency not to fix what isn’t broken, as detailed in the latest Independent Banker magazine.
ICBA published a guide to help community bankers submit unique comment letters on the FDIC’s notice of proposed rulemaking on brokered deposit restrictions ahead of next week’s deadline.
The Financial Crimes Enforcement Network issued an alert to help financial institutions identify fraud schemes associated with the use of deepfake media created with generative artificial intelligence tools.
ICBA published a guide to help community bankers submit unique comment letters on the FDIC’s notice of proposed rulemaking on brokered deposit restrictions.
Senate Judiciary Committee Chairman Dick Durbin (D-Ill.) scheduled a hearing for Tuesday, Nov. 19, on his ICBA-opposed bill to create credit card routing mandates.
Only 4.2% of U.S. households were unbanked in 2023, according to the FDIC’s latest biennial survey of Unbanked and Underbanked Households, the lowest national unbanked rate since the survey began in 2009.
After the 20th credit union acquisition of a community bank this year—and another featuring a credit union crossing state lines to buy a community bank—ICBA said the record number of transactions is being noticed by the public and policymakers.
The Consumer Financial Protection Bureau ordered Navy Federal Credit Union to refund more than $80 million in overdraft fees to consumers, change its overdraft practices, and pay a $15 million civil penalty.
ICBA published a grassroots guide to help community bankers submit unique comment letters on the FDIC’s notice of proposed rulemaking on brokered deposit restrictions.
The Federal Open Market Committee voted unanimously to cut target interest rates by 25 basis points due an easing labor market and inflation moving toward its 2% goal. The cut lowers the federal funds rate to a range of 4.5% to 4.75%.
