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At hearing, Scott touts challenge to CFPB’s credit card late fee rule

May 10, 2024 | NewsWatch Today
Senate Banking Committee Ranking Member Tim Scott (R-S.C.) touted his ICBA-supported resolution to nullify the Consumer Financial Protection Bureau’s final rule on credit card late fees during a committee hearing.

Fed report suggests climate risks difficult to measure

May 10, 2024 | NewsWatch Today
The Federal Reserve Board released a summary of an exploratory pilot climate scenario analysis exercise that it conducted with six of the nation's largest banks, with the megabanks reporting challenges in conducting the climate analysis.

Independent Banker lists top-performing community banks

May 9, 2024 | NewsWatch Today
This month’s Independent Banker magazine profiles the top-performing community banks of 2024.

Cook: Fed stepping up CRE supervision

May 9, 2024 | NewsWatch Today
The Federal Reserve is stepping up supervisory work with community and regional banks that have significant commercial real estate concentrations, Fed Governor Lisa Cook said.

ThinkTECH Accelerator program starts this month

May 9, 2024 | NewsWatch Today
With the announcement of the latest cohort, ICBA encourages community banks to sign up to participate in the seventh edition of ICBA’s ThinkTECH Accelerator program.

ICBA unveils latest ThinkTECH Accelerator cohort

May 8, 2024 | NewsWatch Today
ICBA announced the launch of the seventh edition of its ICBA ThinkTECH Accelerator program promoting community bank innovation.

ICBA urges agencies to withdraw incomplete compensation proposal

May 8, 2024 | NewsWatch Today
ICBA urged federal banking regulators to withdraw an incomplete proposed rule on incentive-based compensation that lacks support from all relevant regulatory agencies.

FDIC issues third-party report on misconduct at the agency

May 8, 2024 | NewsWatch Today
The FDIC released a report from an independent third-party review of allegations of sexual harassment and other misconduct at the agency, management’s response, and the FDIC’s workplace culture.

ICBA urges agencies to ensure regulatory review has meaningful impact

May 7, 2024 | NewsWatch Today
ICBA called on federal regulators to take meaningful action to address excessive regulatory burdens on community banks under the agencies’ latest Economic Growth and Regulatory Paperwork Reduction Act review.

New op-ed: Congress should reject credit card routing bill

May 7, 2024 | NewsWatch Today
Congress should oppose legislation to establish new credit card rules that would put more money in the pockets of big-box retailers while leaving consumers and community banks to foot the bill, ICBA President and CEO Rebeca Romero Rainey wrote in a new op-ed.

FinCEN planning pilot program on beneficial ownership info access

May 7, 2024 | NewsWatch Today
The Financial Crimes Enforcement Network has received more than 1.7 million filings on beneficial ownership information since it began accepting reports from reporting companies at the beginning of this year, Director Andrea Gacki said.

Agencies issue community bank guide on third-party relationships

May 6, 2024 | NewsWatch Today
The federal banking regulators released a guide for community banks on managing risk in third-party relationships.