ABA: ABA and State Bankers Associations Express Support for FDIC Indexing Proposal, Offer Recommendations in Joint Comment Letter
Today, ABA joined 52 state bankers associations from across the country in filing a joint comment letteron the FDIC’s proposal to begin indexing certain regulatory thresholds, applauding the FDIC’s effort to develop a sound and transparent framework while recommending methodological changes to ensure that indexing mechanisms are appropriately tailored to the nature and purpose of each…
Treasury: IRS and Treasury Issue Proposed Regulations Around “No Tax on Tips” Deduction
Today, the Treasury Department and IRS issued proposed regulations identifying the occupations that customarily and regularly received tips before 2025, and therefore may be eligible for the deduction. The proposed regulations also address the definition of “qualified tips” and other requirements taxpayers must comply with to claim the deduction. “I took my first job as…
Treasury: Public Comments Sought on Implementation of the GENIUS Act
Today, the U.S. Department of the Treasury issued an Advance Notice of Proposed Rulemaking (ANPRM), seeking public comment related to Treasury’s implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The GENIUS Act tasks Treasury with issuing regulations that encourage innovation in payment stablecoins while also providing an appropriately tailored regime…
ICBA: ICBA Urges Congress to Ensure Deposit Insurance Reforms Enhance Small Business Coverage, Curb Favorable Too-Big-To-Fail Treatment
The Independent Community Bankers of America (ICBA) today called on Congress to consider deposit insurance reforms that enhance coverage for small businesses, address the more favorable regulatory treatment the nation’s largest banks receive under the current framework, and ensure community banks are not penalized. In a statement for the record for today’s Senate Banking Committee hearing on…
ABA: ABA Testifies at Senate Banking Committee Hearing on Deposit Insurance Reform
Today, Kenneth Kelly, chairman and CEO of Detroit-based First Independence Bank and chair-elect of the American Bankers Association, will testify on behalf of ABA at a hearing of the Senate Banking Committee exploring perspectives on deposit insurance reform. In his testimony, Kelly outlined ABA’s perspective on how the deposit insurance system “could be modernized to reflect…
Agencies Announce Third Public Outreach Meeting As Part of Their Review of Regulations Including CRA
Federal bank regulatory agencies will hold a hybrid public outreach meeting on October 30, 2025, in Kansas City, Missouri, as part of their review of regulations. The Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) requires the agencies, with input from the public, to review their regulations at least once every 10 years to identify…
ICBA: ICBA Applauds Signing of Law to Restrict Mortgage “Trigger Leads”
The Independent Community Bankers of America (ICBA) today applauded President Trump for signing into law the bipartisan Homebuyers Privacy Protection Act (H.R. 2808), which will help protect the financial privacy of mortgage applicants. Introduced by Reps. John Rose (R-Tenn.) and Ritchie Torres (D-N.Y.) and Sens. Jack Reed (D-R.I.) and Bill Hagerty (R-Tenn.), the Homebuyers Privacy…
CFPB: Advanced Notice of Proposed Rulemaking on Personal Financial Data Rights Rule Issued
The Consumer Financial Protection Bureau (CFPB) is seeking comments and data to inform its consideration of four issues related to implementation of section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). These issues are: the proper understanding of who can serve as a “representative” making a request on behalf of…
ICBA: Statement Issued on the CFPB’s Proposed Rule to Implement Section 1033 Standards on Sharing Consumer Financial Data
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Consumer Financial Protection Bureau proposed rule to implement Section 1033 of the Dodd-Frank Act. “As the CFPB considers a new proposed rule to implement Section 1033 standards on sharing consumer financial data, ICBA and the nation’s community…
FDIC: Board Approves Proposal to Amend Official Signs and Advertising Requirements
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a proposed rule to amend regulations governing the display of the FDIC official digital sign and non-deposit signage. The proposal would simplify requirements for banks’ display of the FDIC official digital sign and non-deposit signage on digital deposit-taking channels, such as bank websites and…