ICBA: ICBA Commends FDIC for Rescinding Proposed Rules on Brokered Deposits, Corporate Governance, Incentive-Based Compensation
The Independent Community Bankers of America (ICBA) today commended the Federal Deposit Insurance Corp. board of directors for withdrawing three ICBA-opposed proposed rules that would harm community banks and the communities they serve. As advocated by ICBA, the FDIC today announced it is withdrawing proposals to: “ICBA and the nation’s community banks commend the FDIC board of…
ICBA: Statement Issued Opposing Consolidation of the Nation’s Banking Regulators
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement opposing the consolidation of the nation’s banking regulators. “While Wall Street bank executives and others have called for consolidating the nation’s banking regulators, ICBA and community bankers have long supported the independence of the federal banking agencies and our…
ICBA: U.S. Postal Inspection Service and ICBA Partner to Help Community Banks Combat Check Fraud
The Independent Community Bankers of America® (ICBA) today announced a partnership with the U.S. Postal Inspection Service to combat the threat of check fraud. As part of this initiative, ICBA and the Postal Inspection Service will deliver in-branch educational materials with step-by-step instructions to help consumers safeguard their financial assets and respond if they experience…
ICBA: CFPB’s 1071 Rule Again Paused by Court
A U.S. court of appeals temporarily paused the Consumer Financial Protection Bureau’s 1071 small-business rule and extended its compliance deadlines until further notice, as advocated by ICBA. Court Ruling: The U.S. Court of Appeals for the Fifth Circuit granted a request by ICBA and other plaintiffs to suspend implementation of the rule pending their ongoing legal…