Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced an upcoming hearing. The Full Committee Hearing is entitled “The Semi-Annual Report of the Bureau of Consumer Financial Protection.”
The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced a hearing titled "Oversight of the FDIC’s Failed Leadership and Toxic Workplace Culture." The hearing is scheduled for 10:00 AM ET on Wednesday, June 12, 2024, at the 2128 Rayburn House Office Building.
The U.S. Senate Committee on Homeland Security and Governmental Affairs is hosting a hearing today to examine ways to streamline federal cybersecurity regulations and improve harmonization among the agencies tasked with enforcing these rules. The Bank Policy Institute (BPI) submitted a statement reiterating its recommendations to identify duplicative and conflicting regulatory regimes, establish common frameworks, and promote reciprocity.
The House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion, chaired by French Hill (AR-02), convened today for a hearing titled “Next Generation Infrastructure: How Tokenization of Real-World Assets Will Facilitate Efficient Markets.”
Bank of America announced its participation in the Morgan Stanley US Financials, Payments & CRE Conference. The event is scheduled for June 4, 2024.
State Republican and Democratic leaders recently authored op-eds agreeing that the Durbin-Marshall Credit Card Bill harms consumers, undermines local economies, and jeopardizes state governments reliant on credit card benefits.
Washington, D.C. (June 4, 2024) — Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued a statement following this year’s 12th acquisition of a tax-paying bank by a tax-exempt credit union.
The American Fintech Council (AFC) has commended the Office of the Comptroller of the Currency (OCC) for its expanded and pragmatic approach to financial inclusion through Project REACh 2.0. The OCC’s initiative aims to address barriers to financial inclusion by incorporating financial technology into its Roundtable for Economic Access and Change.
The Consumer Financial Protection Bureau (CFPB) has finalized a proposal to establish a nonbank registry related to enforcement matters. This new rule mandates that certain nonbank entities register information about their company and specific orders, and submit copies of these orders to the CFPB. Additionally, the rule requires certain supervised nonbanks to file annual compliance reports, signed by an executive.
In celebration of National Homeownership Month, the Independent Community Bankers of America (ICBA) is urging current and prospective homeowners to seek guidance from their local community bankers to simplify and make the homebuying process more affordable.
Washington, D.C. (June 3, 2024) — Independent Banker magazine, the monthly publication of the Independent Community Bankers of America (ICBA), has announced its sixth annual list of 40 Under 40: Community Bank Leaders. The award acknowledges community bank innovators, contributors, and influencers who are advancing local communities through community banking excellence.
SoFi Technologies, Inc. (NASDAQ: SOFI) has announced the appointment of Stephen Simcock as its new general counsel. Simcock, who brings over three decades of experience in the legal field within major financial institutions, will take over from Rob Lavet, SoFi’s retiring chief legal officer.
The Association of Military Banks of America (AMBA) has announced the appointment of Brigadier General Omuso D. George, USA (Ret.), as its new Chief Operating Officer. General George's career spans over three decades in leadership and finance, including thirty years as an Army finance officer and two years in the private sector.
House Financial Services Committee Chairman Patrick McHenry (R-NC) and U.S. Senator Cynthia Lummis (R-WY) led a letter to President Joe Biden urging him to reconsider his threat to veto Staff Accounting Bulletin (SAB) 121 Congressional Review Act (CRA), which passed the Senate and House with strong bipartisan support.
Independent Banker magazine, the monthly publication of the Independent Community Bankers of America (ICBA), has announced its sixth annual list of 40 Under 40: Community Bank Leaders. This award recognizes community bank innovators, contributors, and influencers who are noted for their dedication to advancing local communities through excellence in community banking.
Washington, D.C. — The American Bankers Association (ABA), Bank Policy Institute (BPI), New York Bankers Association (NYBA), and The Clearing House Association responded today to CFPB General Counsel Seth Frotman’s blog post regarding the state of New York’s lawsuit against Citibank over alleged wire transfer scams affecting some bank customers.
The Boston Athletic Association (B.A.A.) announced today that the total funds raised through the 2024 Boston Marathon presented by Bank of America reached a record total of $71.9 million.
Washington, D.C. (May 30, 2024) — ICBA Payments®, the payments-services subsidiary of the Independent Community Bankers of America® (ICBA), has announced the appointment of Jacob Eisen as its new president and CEO, effective immediately.