David M. Findlay Named Chairman of the Indiana Bankers Association
WARSAW, Ind.,—David M. Findlay, Lake City Bank Chairman and Chief Executive Officer, has been named Chairman of the Indiana Bankers Association Board of Directors for 2026. ”The Indiana Bankers Association is one of the premier state banking associations in the country thanks to an engaged membership and an exceptional leadership team at the IBA. The…
Kari Solomonson Receives WBA 40-Year Lifetime Service Award
WAUSAU, Wis.,—Kari Solomonson of Peoples State Bank in Wausau was honored with a Wisconsin Bankers Association Lifetime Achievement Award to celebrate her four decades in the banking industry. Colleagues and family members were at the Stewart Avenue branch during the award ceremony. “Reaching 40 years in banking is a remarkable achievement,” said Wisconsin Bankers Association…
Community Banks Urge Congress to Reject Durbin-Marshall Mandates
WASHINGTON,—The ICBA has expressed strong opposition to the Durbin-Marshall credit card mandates, warning the proposal would harm consumers, small businesses, and community financial institutions while delivering a windfall to the nation’s largest retailers. The ICBA cautioned that the bill would expand the failed Durbin routing requirements to credit cards, a move that history shows does…
Proposed 10% Credit Card Rate Cap Would Result in Chaos
WASHINGTON,—New data from credit card issuers accounting for roughly 75% of the market shows that a proposed 10% federal credit card interest rate cap would significantly reduce access to credit for millions of consumers nationwide, and even those with good credit scores who pay their bills on time will be affected by the rate cap….
ICBA Joins House in Support of Legislation Transforming Community Bank Regs
WASHINGTON,—ICBA President and CEO Rebeca Romero Rainey joined a House Financial Services Committee fireside chat at the U.S. Capitol in support of the committee’s new Main Street Capital Access Act (H.R. 6955). Following Romero Rainey’s testimony last year at the committee’s first hearing of the 119th Congress, she recently joined committee Chairman French Hill (R-Ark.)…
ABA Urges Agencies to Finalize Revisions to Community Bank Leverage Ratio Framework
WASHINGTON,—The American Bankers Association has urged the federal banking agencies to finalize proposed revisions to the Community Bank Leverage Ratio (CBLR) framework, commending the agencies’ effort to recalibrate the CBLR to strengthen its role as a meaningful, optional compliance pathway for community banks while preserving safety and soundness. In a comment letter submitted to the…
Business Trades Support Bank Capital Rule Reform to Boost Economic Growth
ASHINGTON,—A coalition of leading business trade organizations urged prudential regulators to examine and modernize large bank capital requirements to ensure they support consumers, businesses, and the U.S. economy. The organizations, which represent a wide range of stakeholders, including small businesses, manufacturers, and farmers, highlighted the negative impact of inappropriately calibrated requirements on economic growth and…
Bank Economists: Credit Outlook Improves Amid Continued Softening
WASHINGTON,—While the outlook for credit conditions over the next six months has improved, bank economists expect continued softening in credit quality and availability given the prospect of persistent labor market headwinds, according to the American Bankers Association’s latest Credit Conditions Index. ABA’s Credit Conditions Index is a suite of indices derived from the quarterly outlook…
ICBA Opposes PayPal ILC Bid
WASHINGTON,—The ICBA has expressed strong opposition to PayPal’s application to form an industrial loan company—a type of financial institution that receives federal deposit insurance while avoiding full regulatory oversight. The ICBA insists the FDIC should deny ILC applications from PayPal and other Big Tech companies and not allow these nonbank firms to benefit from the…
ICBA Opposes OCC’s Approval of Five National Trust Charter Applications
WASHINGTON,—The Independent Community Bankers of America (ICBA) has expressed opposition to the Office of the Comptroller of the Currency’s conditional approval of five national trust bank charter applications from nonbank fintechs. ICBA has repeatedly said in letters to the OCC that the agency lacks statutory authority to expand trust powers under Interpretive Letter #1176 and…