ICBA 2026-27 Executive Committee Set, WV Banker Elected Chairman
SAN DIEGO,—The ICBA elected its 2026-27 executive committee during the 2026 ICBA LIVE national convention in San Diego. Alice P. Frazier, president and CEO of Potomac Bank in Charles Town, W. Va., was elected ICBA chairman and will serve as chairman of the ICBA Executive Committee and board of directors. Frazier joins her fellow community…
Banking Trades Respond to Basel Proposal
WASHINGTON,—Following the release of the Basel proposal, the Bank Policy Institute, American Bankers Association, Consumer Bankers Association, Financial Services Forum and National Bankers Association issued a joint statement: Modernizing the U.S. bank capital framework supports consumers, job creators and communities across the country. This proposal marks an important step forward. We welcome regulators’ efforts to…
U.S. Consumers Rank Banks Above Other Industries for Fraud Protection
Poll also finds consumers support requiring social media and telecom companies to do more to fight fraud, Americans overwhelmingly satisfied with their bank WASHINGTON,—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…
Bank Economists: Credit Conditions Will Hold Over Next Six Months
WASHINGTON,—While credit conditions are expected to continue softening over the next six months as the labor market faces challenges, they will hold relatively steady according to the American Bankers Association’s latest Credit Conditions Index. ABA’s Credit Conditions Index examines a suite of indices derived from the quarterly outlook for credit markets produced by ABA’s Economic…
ICBA Opposes OCC Approval of Coinbase Charter Application
WASHINGTON,—The ICBA has expressed opposition to the Office of the Comptroller of the Currency’s conditional approval of Coinbase’s application for a national trust bank charter for its subsidiary, Coinbase National Trust Co. “The conditional approval of Coinbase’s trust charter application is a grave mistake that will only serve to put U.S. consumers at risk,” ICBA…
Americans Want Fintechs to Follow Bank Rules, Protection of Local Lending from Stablecoin Risks
Poll also shows consumers find credit card marketplace highly competitive, are wary of credit card price controls WASHINGTON,—A new survey conducted by Morning Consult on behalf of the American Bankers Association found that consumers want nonbank fintech companies to follow the same rules as banks. More than 8 in 10 (84%) agree that any business…
Credit Union Acquires Community Bank Amid Launch of ICBA’s ‘The Illusionists’ Campaign
WASHINGTON,—The ICBA has responded the latest reported acquisition of a tax-paying community bank by a tax-exempt credit union, which comes amid the launch of ICBA’s “The Illusionists” national advocacy and marketing campaign on the harmful impact of large credit unions on local communities. The latest tax-exempt credit union acquisition of a tax-paying community bank demonstrates…
Lawmakers for Introduce New Bills Advancing the Deposit Insurance Debate
WASHINGTON,—The ICBA has issued a statement on the introduction of several bills in the House and Senate to reform the nation’s deposit insurance system. ICBA and the nation’s community bankers thank members of Congress for introducing several bills that continue advancing the legislative debate over strengthening our nation’s deposit insurance system. These efforts will help…
ICBA, State Groups Urge FDIC to Reconsider Edward Jones Industrial Loan Company Approval
WASHINGTON,—The ICBA and 38 state banking associations urged the FDIC to reconsider its decision to approve Edward Jones’s deposit insurance application to form a Utah-chartered industrial loan company. ICBA and the state banking groups cited Edward Jones’ extensive network of more than 16,000 physical locations across North America, which could function as de facto bank…
Christina Bennett retires from IBA after 35 years
Education Dept. reorganizing; 2 hired for Advocacy team INDIANAPOLIS,—Christina M. Bennett has retired from the Indiana Bankers Association. Bennett started with the Association in 1990 as a member of the government relations team. She later shifted to the education department, working her way up to vice president-meetings & events. She also served as corporate secretary…