Treasury: Request for Information Released Related to the Executive Order 14247 “Modernizing Payments To and From America’s Bank Account”
Today, the U.S. Department of the Treasury (Treasury) released a request for information related to the Executive Order (EO) 14247 “Modernizing Payments To and From America’s Bank Account,” which transitions federal disbursements to electronic payments. Beginning September 30, 2025, all federal payments that are currently made by paper check—including Social Security benefits, tax refunds, and vendor payments—will be…
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…
ICBA: ICBA Applauds House Passage 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 House passage 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 the House for passing this critical resolution to overturn the CFPB’s…
ABA: ABA Applauds House Disapproval of CFPB Overdraft Rule
“We applaud the House’s passage of the Congressional Review Act resolution overturning the CFPB’s eleventh-hour overdraft rule, and we thank House Financial Services Committee Chairman French Hill and Senate Banking Committee Chairman Tim Scott for their leadership on this important issue. Consumers have indicated time and time again that they value and appreciate this highly regulated service…
ABA: National Survey Finds Consumers Happy with their Bank, Applaud Bank Fraud Protection Efforts
Poll also finds strong majority of Americans view banking industry as highly competitive and a source of economic strength Nine in 10 Americans with a bank account (89%) say they are “very satisfied” or “satisfied” with their primary bank and 93% rate their bank’s customer service as “excellent,” “very good” or “good,” according to a…
ICBA: ICBA Celebrates Community Banks Strengthening Local Economies During Community Banking Month in April
In observance of Community Banking Month in April, the Independent Community Bankers of America (ICBA) is reminding Americans of the pivotal role community banks serve in bolstering local economies, supporting small businesses, and offering relationship-driven banking services. “Community banks fuel small businesses while building relationships that foster trust and support long-term growth in local communities…
ABA: Foundation Releases New Report on State Hold Laws and Elder Financial Exploitation Prevention
The American Bankers Association Foundation released a new report today on the use and impact of state laws that allow banks to delay transactions when they suspect financial exploitation of an older or vulnerable person. More than half (54.5%) of bank respondents in states with these “hold” laws have used them to prevent elder financial exploitation, according…
FDIC: Process for Banks to Engage in Crypto-Related Activities Clarified
Today, the Federal Deposit Insurance Corporation (FDIC) issued a Financial Institution Letter (FIL-7-2025) that provides new guidance for FDIC-supervised institutions engaging or seeking to engage in crypto-related activities. The new guidance, which rescinds FIL-16-2022, clarifies that FDIC-supervised institutions may engage in permissible crypto-related activities without receiving prior FDIC approval. The guidance affirms that FDIC-supervised institutions may…
ICBA: ICBA Applauds Senate Passage 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 the Senate’s passage 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 the Senate for passing Senate Banking Committee Chairman Tim Scott’s…
ABA: ABA Applauds Senate Disapproval of CFPB’s Overdraft Rule
“We applaud today’s Senate passage of the Congressional Review Act resolution nullifying the CFPB’s unlawful overdraft rule and thank Senate Banking Committee Chairman Tim Scott for his leadership on this important issue. “Without access to overdraft protection, many Americans would be driven to less regulated and higher risk non-bank lenders to cover unexpected or emergency…