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…
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 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: Request for Information on Community Bank Digitalization Issued
The Office of the Comptroller of the Currency (OCC) today issued a request for information (RFI) on the key challenges and barriers faced by community banks in the adoption and implementation of digital banking solutions. New and emerging technologies can be important tools for community banks to meet customer demand, increase revenue, improve efficiencies, and…
ICBA: Following Latest Credit Union Acquisition of a Community Bank, ICBA Continues Call for Taxing Largest Credit Unions
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement following the latest acquisition of a tax-paying community bank by a tax-exempt credit union. “With the latest interstate acquisition of a tax-paying community bank by tax-exempt credit unions extending into Montana for the first time, it is time for the increasing…
ICBA: ICBA Honors Community Banks’ Role in Powering Small Business Success During Small Business Month
In recognition of National Small Business Month this May, the Independent Community Bankers of America® (ICBA) is celebrating the critical role community banks play in supporting the nation’s small businesses—the backbone of the American economy. Community banks fund more than 60% of small business loans, helping entrepreneurs launch, grow, and sustain their businesses. Their relationship-based…
ICBA: ICBA Continues Call to End Tax Breaks for Largest Credit Unions Following Latest Community Bank Acquisition
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement following the latest acquisition of a tax-paying community bank by a tax-exempt credit union. “Following last year’s record number of community bank acquisitions by tax-exempt credit unions, the latest deal further demonstrates why the growing skepticism of credit union tax and…
ICBA: ICBA Urges OCC to Preserve Dedicated Supervision for Community Banks
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement in opposition to the Office of the Comptroller of the Currency’s announced decision to merge its community, midsize, and large bank supervision functions into a single line of business. “As policymakers continue to call for stronger safeguards in financial oversight,…
ICBA: ICBA Urges End to Tax Exemption for Billion-Dollar Credit Unions After Another Community Bank Acquisition
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement in response to the latest acquisition of a tax-paying community bank by a tax-exempt credit union. As Congress considers tax reform, ICBA continues to call for eliminating the federal tax exemption for credit unions with more than $1 billion in assets…
ICBA: ICBA Applauds House Financial Services Committee for Advancing Three Pro-Community Bank Bills to Repeal 1071, Promote De Novo Bank Formation, and Restrict Central Bank Digital Currency
The Independent Community Bankers of America (ICBA) commended the House Financial Services Committee for advancing three ICBA-advocated bills to support community banks and the local communities they serve. “ICBA and the nation’s community banks commend the House Financial Services Committee for today’s votes to advance pro-community bank bills to repeal the Consumer Financial Protection Bureau’s…