ABA: ABA and 52 State Bankers Associations Strongly Oppose Attaching Credit Card Rate Caps to GENIUS Act
In a new letter to the Senate today, the American Bankers Association and 52 state bankers associations representing banks of every size expressed strong opposition to any effort to attach the 10 Percent Credit Card Interest Rate Cap Act as a poison-pill amendment to the unrelated GENIUS Act or any other legislative vehicle. The associations outlined why…
ABA: ABA and 52 State Bankers Associations to Senate: Durbin-Marshall Credit Card Mandate Should Not be Attached to GENIUS Act
In a new letter to the Senate today, the American Bankers Association and 52 state bankers associations representing banks of every size expressed strong opposition to the Durbin-Marshall credit card mandate being attached as an amendment to the GENIUS Act or any other legislative vehicle. The letter builds upon the chorus of strong and united industry opposition…
ABA: Financial Trades Express Strong Opposition to Misguided Durbin-Marshall Credit Card Mandate Being Attached to GENIUS Act
In a new letter sent to Majority Leader Thune, Minority Leader Schumer and the entire Senate today, the American Bankers Association, America’s Credit Unions, Association of Military Banks of America, Bank Policy Institute, Consumer Bankers Association, Defense Credit Union Council, Independent Community Bankers of America, Electronic Payments Coalition, Mid-Size Bank Coalition of America, and National Bankers Association…
FDIC: Agency Rescinds 2024 Statement of Policy on Bank Merger Transactions and Reinstates Prior Policy
Summary: The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved the rescission of the agency’s 2024 Statement of Policy on Bank Merger Transactions (2024 Statement of Policy) and the reinstatement of the Statement of Policy on Bank Merger Transactions (Bank Merger Statement of Policy) that was in effect prior to 2024. As noted…
ICBA: ICBA Thanks House Ways and Means Committee for Including Community Bank Legislative Priorities in Tax Proposal
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the House Ways and Means Committee’s release of its “One, Big, Beautiful Bill” legislative package. “ICBA and the nation’s community bankers thank Chairman Jason Smith and the members of the House Ways and Means Committee for their work…
Agencies Issue Host State Loan-to-Deposit Ratios
Federal bank regulatory agencies today jointly issued updated host state loan-to-deposit ratios, as required by law. Each respective host state loan-to-deposit ratio shows the ratio of total loans in a state to total deposits in the state for all banks that have that state as their home state. These ratios replace those issued in May 2024….
ICBA: ICBA Applauds Signing of Resolution to Overturn Flawed CFPB Overdraft Rule
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on President Donald Trump’s signing of a Congressional Review Act resolution to overturn the Consumer Financial Protection Bureau’s final rule on overdraft services. “ICBA and the nation’s community banks commend President Trump and Congress for enacting this critical resolution…
ABA: ABA Applauds CFPB Withdrawal of Regulatory Guidance
“ABA has long expressed concern about the CFPB’s issuance of ‘guidance’ to advance its regulatory policy agenda, and we welcome the CFPB’s decision to withdraw a substantial amount of that guidance today. While banks welcome guidance that helps them understand and comply with the law, too often in the past the CFPB has characterized something as guidance…
ICBA: ICBA Urges Lawmakers to Ensure Community Bank Concerns Are Addressed in GENIUS Act Before Any Senate Vote
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement ahead of a scheduled Senate vote on the GENIUS Act, which would establish a federal regulatory framework for stablecoins. “On behalf of the nation’s community bankers, ICBA urges the Senate to ensure the GENIUS Act provides regulatory clarity while…
OCC: Interim Final Rule on Bank Mergers Issued
The Office of the Comptroller of the Currency (OCC) today adopted an interim final rule amending its 2024 final rule related to its regulations for business combinations involving national banks and federal savings associations. The OCC also rescinded its 2024 policy statement on its review of applications under the Bank Merger Act. The interim final…