Advocacy & Policy articles

ICBA’s 2020/21 executive committee: The future’s bright

ICBA’s 2020/21 executive committee: The future’s bright

The 2020/21 ICBA executive committee is chock-full of experienced, ambitious and inspired community bankers. From reining in credit unions to championing the SAFE Banking Act, they’ll be leading the charge this year to make sure community banks can flourish. We asked them about their priorities—and what they’d be if they weren’t community bankers. By Molly […]

Rep. Gregory Meeks and Joseph Otting

Lilly Thomas: The state of CRA modernization

The current requirements of the Community Reinvestment Act do not fit the needs of community banks today. ICBA makes its case. By Lilly Thomas, ICBA After more than two decades without change, the Community Reinvestment Act (CRA) is poised for modernization—but what those changes will look like is still up for debate. ICBA has pushed […]

back door of a business

Closing the ILC back door for good

Despite ICBA’s previous victories blocking huge companies from entering the banking industry, the industrial loan corporation loophole still exists. ICBA is taking aim to close it permanently. By Chris Cole and Paul Merski, ICBA Fourteen years ago, ICBA celebrated an important victory when Walmart withdrew its FDIC deposit insurance application as a Utah chartered industrial […]

John Coleman: The grassroots go-to guy

Want to reach someone in Congress? Try calling John Coleman, ICBA’s director of advocacy. Coleman has become an expert on starting conversations between community banks and policymakers on how to do right by the industry. By Kelly Pike Reaching out to a member of Congress can be intimidating. Community bankers don’t always know who to […]

The regulatory reforms coming up this year

The pace of regulatory and compliance change isn’t likely to slow down in 2020. Lawmakers, regulators and community bankers are weighing reforms to the CRA, banking marijuana-related businesses and more. By Mary Thorson Wright Ah, 2020. Arduous regulatory upheaval from recent years, like that under the Dodd-Frank Act, Truth in Lending Act (TILA)-Real Estate Settlement […]

Rebeca Romero Rainey: In it for the long haul

From millions in assessment credits to federal protections for banking cannabis-related businesses, ICBA is focused on winning significant, long-term victories in Washington. By Rebeca Romero Rainey, ICBA With 2019 coming to a close, it’s a good time to reflect on what the community banking industry achieved this year in the advocacy arena—and what remains to […]

Noah Yosif: Do they know they’re tax exempt?

An ICBA study uncovers how the credit union tax exemption has become unfair to legitimate for-profit financial institutions, credit union members, tax authorities and taxpayers. By Noah Yosif, ICBA For years, community bankers have argued that tax-exempt credit unions have moved far beyond their mandate to serve people of modest means. Now, a new ICBA […]

Jim Reber: Tug of war

Rate volatility can work to your community bank’s advantage. By Jim Reber, ICBA Securities Whew. In just the nine months between November 2018 and July 2019, the bond market witnessed these events: Both a hike (Dec. 19) and a cut (July 31) to overnight benchmark rates An inversion of the yield curve between one and […]

How Texas banks are catching skimmers

A group of Texas financial institutions is teaming up with law enforcement to crack down on rampant card skimming in the area. Their fraud prevention efforts, which included boosting new anti-skimming laws, started at a community bank. By Katie Kuehner-Hebert When Ken Hartley became the bank security officer of $2.6 billion-asset Texas Bank and Trust […]