Kenneth Kelly Elected New ABA Chair
CHARLOTTE, N.C.,—The American Bankers Association has elected Kenneth Kelly as its chair for the 2025-2026 association year at ABA’s annual convention held in Charlotte, N.C.. Kelly is chairman and CEO of First Independence Bank in Detroit, Michigan, one of the nation’s largest minority depository institutions. “Kenneth brings a powerful combination of decisive leadership, strong vision…
ICBA on Ending Government Shutdown
WASHINGTON,—The Independent Community Bankers of America has issued the following statement on the federal government shutdown. “While the nation’s community banks continue working every day to support economic growth in the local communities they serve, the ongoing government shutdown threatens to harm economic growth and Main Street economies. ICBA and the nation’s community bankers encourage…
Old National’s Jim Ryan Named ABA Vice Chair
EVANSVILLE, Ind.,—Old National Bancorp Chairman and CEO James “Jim” C. Ryan III has been named Vice Chair of the American Bankers Association. Jim Ryan has served as Chairman and CEO of Old National Bancorp since 2019, having joined the company in 2005. Over his tenure, he has held several executive leadership roles, including Senior Executive…
ICBA Supports Strengthening Deposit Insurance While Minimizing Costs
WASHINGTON,—The Independent Community Bankers of America (ICBA) expressed support for legislation to strengthen the nation’s deposit insurance system while minimizing additional costs for community banks. Introduced by Sens. Bill Hagerty (R-Tenn.) and Angela Alsobrooks (D-Md.), the Main Street Depositor Protection Act would provide expanded deposit insurance coverage of up to $10 million per depositor for…
ABA Calls on CFPB to Undertake Major Revisions
WASHINGTON,—The American Bankers Association has submitted a detailed comment letter in response to the Consumer Financial Protection Bureau’s Advance Notice of Proposed Rulemaking regarding the reconsideration of the Personal Financial Data Rights rule under Section 1033 of the Dodd-Frank Act. In the letter, ABA commends the CFPB’s leadership for recognizing the need to revise the…
ABA, Americaís Banks Relaunch Campaigns to Help Consumers Spot Scams
WASHINGTON,—The American Bankers Association has announced the 2025 relaunch of its award-winning consumer protection campaigns, #BanksNeverAskThat and #PracticeSafeChecks, aimed at helping consumers and small businesses recognize and avoid fraud and scams. Banks of all sizes across the nation will join ABA in promoting and amplifying the consumer protection tips included in the two campaigns. To…
U.S. Consumers Rank Banks on Fraud Protection
CHARLOTTE, N.C.,—U.S. adults overwhelmingly trust banks more than any other entity to protect them from fraud, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. By more than a 6-to-1 margin over the next closest industry, consumers chose banks (50%) over healthcare providers (8%), non-bank fintech payment providers…
Federal Reserve Lifts Veil on Stress Test Models
WASHINGTON,—The Federal Reserve has issued a significant proposal to improve the accuracy and transparency of its stress testing models and the stress-testing framework more generally. Stress testing is the most risk-sensitive component of the regulatory capital regime and directly affects the cost and availability of loans for American households and businesses. Erratic stress test results…
ICBA Applauds Ruling on Master Account Access
WASHINGTON,—The Independent Community Bankers of America has applauded the decision of the United States Court of Appeals for the 10th Circuit affirming the Federal Reserve’s authority to deny Custodia Bank’s application for a master account. The 2-1 ruling preserves the Federal Reserve’s role in protecting the integrity and stability of the U.S. financial system by…
ICBA: Reject Industrial Loan Loophole Applications
WASHINGTON,—The ICBA has informed the FDIC that it has a statutory duty to reject the applications of industrial loan companies (ILCs) that pose undue risks to the Deposit Insurance Fund and that fail to serve the convenience and needs of their communities. In a comment letter responding to the FDIC’s request for information on how…