Senate Banking Committee Chairman Sherrod Brown (D-Ohio) included ICBA-supported legislation to close the industrial loan company loophole in his list of priorities for the coming year.
The Financial Crimes Enforcement Network issued a final rule that establishes the framework for access to and protection of beneficial ownership information.
Never has ICBA’s community bank-focused mission been more important than in 2023, ICBA President and CEO Rebeca Romero Rainey said this week in a message to the nation’s community bankers.
The Senate confirmed Tanya Otsuka to serve as a member of the National Credit Union Administration board. Otsuka replaces board member Rodney Hood, whose term expired in August.
ICBA expressed opposition to President Joe Biden’s veto of a bipartisan resolution to overturn the Consumer Financial Protection Bureau’s Section 1071 rule and called on Congress to override the veto.
The FDIC board of directors adopted a final rule to modernize rules governing the use of official FDIC signs and to clarify agency regulations on deposit insurance misrepresentations.
The FDIC board of directors approved the agency’s 2024 operating budget while citing the disproportionate cost of overseeing the largest and riskiest banks.
Federal regulators announced the 2024 updated asset-size thresholds used to define "small banks" and "intermediate small banks" under their current Community Reinvestment Act regulations.
