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…
ABA: New Survey Shows Strong Majority of Americans Value Overdraft Protection and Want It to Remain an Option
As Congress considers resolutions nullifying the CFPB’s recent Overdraft Rule, new Morning Consult data shows how much Americans appreciate current overdraft protection programs With lawmakers considering Congressional Review Act resolutions that would nullify a controversial CFPB Overdraft rule that would effectively end overdraft protection as we know it, a new national survey conducted by Morning…
ABA: ABA Welcomes White House Executive Order Phasing Out U.S. Treasury Paper Checks
“We welcome President Trump’s executive order mandating that the federal government cease issuing paper checks for all disbursements, including government benefits and tax refunds. Despite a continued decline in business and consumer use of checks, check fraud has continued to rise. That is why ABA and banks across the country launched the #PracticeSafeChecks campaign last October to…