NewsWatch Today

The House Financial Services Committee voted 30-19 to pass H.J. Res 59, a Congressional Review Act resolution that would overturn a Consumer Financial Protection Bureau rule that regulates overdraft fees.

ICBA and 44 state banking associations sent letters to senators and representatives asking them to sponsor the bipartisan Access to Credit for our Rural Economy (ACRE) Act (S. 838 and H.R. 1822).

The ICBA Foundation, in coordination with the California Community Banking Network, raised a total of $68,000 to be donated to the United Way of Greater Los Angeles Wildfire Response Fund. The total includes a $10,000 contribution from ICBA.

ICBA is calling on community bankers to urge their members of Congress to support resolutions to stop the Consumer Financial Protection Bureau’s overdraft rule ahead of a markup today.

ICBA expressed strong support for the newly introduced Access to Credit for our Rural Economy (ACRE) Act to support farmers, ranchers, and rural homeowners.

ICBA expressed strong support for legislation to raise reporting thresholds for currency transaction reports and suspicious activity reports.

ICBA commended the FDIC board of directors for withdrawing three ICBA-opposed proposed rules that would harm community banks and the communities they serve.

The FDIC board of directors voted to rescind its 2024 Statement of Policy on Bank Merger Transactions and will reinstate, on an interim basis, the Merger Policy Statement that was in effect prior to 2024 as the agency conducts a broader reevaluation of its bank merger review process.

The FDIC delayed the compliance date of certain provisions under its Sign and Advertising Rule

ICBA said General Motors Financial Bank’s application for FDIC insurance threatens the Deposit Insurance Fund and doesn’t serve the convenience and needs of the community.

The Financial Crimes Enforcement Network said it will not issue any fines or penalties or take any other enforcement actions against any companies based on failure to file or update beneficial ownership information reports by the current deadlines.

With Washington focused on reforming the Consumer Financial Protection Bureau, ICBA is calling on community bankers to tell their members of Congress to support legislative efforts to stop the bureau's overdraft rule.