House Tax Plan Advances Key Community Bank Priorities
WASHINGTON,—The House Ways and Means Committee’s newly released tax package includes several legislative priorities long supported by the Independent Community Bankers of America (ICBA), signaling a potential win for community banks and the communities they serve. The comprehensive proposal contains provisions aimed at boosting local economic growth, easing credit costs, and preserving favorable tax treatment…
Latest Credit Union Bank Buy Spurs Call for Policy Overhaul
WASHINGTON,—A recent acquisition of a tax-paying community bank in Arizona by a tax-exempt credit union is renewing industry calls for Congress to reevaluate the regulatory and tax treatment of credit unions. The Independent Community Bankers of America (ICBA) is urging policymakers to address what it describes as an uneven playing field that threatens consumer choice…
ICBA Urges OCC to Preserve Dedicated Supervision for Community Banks
WASHINGTON,—The ICBA has issued a statement in opposition to the Office of the Comptroller of the Currency’s announced decision to merge its community, midsize, and large bank supervision functions into a single line of business. “As policymakers continue to call for stronger safeguards in financial oversight, it is counterintuitive to consolidate supervisory approaches across institutions with vastly…
Mutual Savings Bank Named a Five Star Member of IBA
Franklin, Ind.,—Mutual Savings Bank has been honored as a Five Star Member of the Indiana Bankers Association. The award was presented on April 17, 2025, by Josh Myers, IBA Vice President Member Engagement, in recognition of Mutual Savings Bank’s Association involvement throughout 2024. The Five Star Member designation recognizes those IBA-member banks that demonstrate outstanding…
House Resolves to Overturn Flawed CFPB Overdraft Rule
WASHINGTON,—The ICBA has issued a 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 final rule on overdraft services after the Senate recently passed…
National Survey: U.S. Consumers Happy with Their Bank
WASHINGTON,—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 new survey conducted by Morning Consult on behalf of the American Bankers Association. The research, unveiled at ABA’s 2025…
ICBA: End Tax Breaks for Credit Unions
WASHINGTON,—The ICBA has issued a statement following the latest acquisition of a tax-paying community bank by a tax-exempt credit union. “Following last year’s record number of community bank acquisitions by tax-exempt credit unions, the latest deal further demonstrates why the growing skepticism of credit union tax and regulatory exemptions must evolve into policymaker action. This…
CFPB to Initiate New Section 1071 Rulemaking
WASHINGTON,—In a court filing, the Consumer Financial Protection Bureau said its leadership has directed staff to initiate new rulemaking to implement Section 1071 of the Dodd-Frank Act and plans to soon release a proposal to possibly replace or change its current rule. The CFPB in 2023 released a final rule implementing Section 1071, which requires…
Fed: Most Fraud Losses Due to Debit Card, Check Fraud
WASHINGTON,—A Federal Reserve survey of risk officers at financial institutions found that debit card fraud drove fraud losses at those institutions in 2024, followed closely by check fraud. The number of financial institutions that experienced attempted check fraud grew by 10% from 2023 to 2024, followed by attempted automated clearing house fraud at 9% and…
ICBA Celebrates Community Banks Strengthening Local Economies
WASHINGTON,—In observance of Community Banking Month in April, the 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 nationwide,” ICBA President and CEO…