Thomas Warren

Managing Editor at @ICBA. Community bank advocate, writer, editor, strategist. @Mizzou journalism, @JohnsHopkins MA/MBA. Opinions are my own.

[Thomas Warren @ThomasICBA]

.@ICBA’s @romerorainey and @Alice_P_Frazier advocate tiered regulations to support #communitybanks and #smallbusiness during @FinancialCmte and @HouseSmallBiz hearings today.

[Thomas Warren @ThomasICBA]

The @FHFA's regulatory crackdown on the #FHLBanks threatens the housing finance system at a time of high prices and limited supply, @ICBA's @romerorainey writes in @AmerBanker @BankThink. https://t.co/AxEJwAhPzu #housing #housingfinance #communitybanks

[Thomas Warren @ThomasICBA]

"Members of Congress and the American public should ask why a small #creditunion is spending millions of dollars to act like a big bank... Shouldn’t #creditunions that act like big banks be regulated like big banks?" #SomethingIsWrong #TaxCreditUnions

[Independent Community Bankers of America @ICBA]

We agree: Congress should ask why #creditunions that act like the nation’s largest banks—such as by paying millions of dollars per year for stadium naming rights—continue to enjoy anachronistic tax and regulatory exemptions. #SomethingIsWrong https://t.co/kgs6ePw4um

[Rebeca Romero Rainey @romerorainey]

Today's op-ed from a former #CreditUnion executive spotlights everything wrong with CU policy: “We weakened community banks and their capacity to meet the credit needs of our communities. Now…credit unions are gobbling up banks at a record pace.”
https://t.co/GVhSAK9gTq

[Thomas Warren @ThomasICBA]

Excellent op-ed illustrating the failings of the #creditunion industry's tax and regulatory exemptions.

More on how taxpayers are subsidizing CU acquisitions of taxpaying community banks in @ICBA's recent op-ed here: https://t.co/1QOBF0TupD #WakeUp #SomethingsWrong

[BankThink @BankThink]

A former credit union executive turned community bank CEO says that his old industry is making risky commercial loans. When the credit cycle turns, there’s going to be a reckoning, writes Clint Walters, of First Security Bank, in @AmerBanker @BankThink.https://t.co/OxJKOHMRtB

[Thomas Warren @ThomasICBA]

An ICBA study found 80% of community bank respondents said the CFPB’s 1071 rule would inhibit their small-biz lending while nearly half of business owners said they would look for another lender that did not ask for the information the rule requires. https://t.co/KWvYlkpXAb

[Independent Community Bankers of America @ICBA]

This week @SenKatieBritt raised questions about the cost burden of the CFPB's 1071 rule, which requires bank reporting on credit applicants’ race and gender. Nearly half of small-biz owners say they'll look for a lender that doesn't request such info. https://t.co/AnISw9kO1e

[Thomas Warren @ThomasICBA]

Consumers can urge Congress to #WakeUp to the fact that #SomethingsWrong with #CUregulation via this custom message to lawmakers: https://t.co/vEa5rykHU8

[Rebeca Romero Rainey @romerorainey]

With news of yet another bank acquisition by a tax-subsidized credit union, community bankers in Washington for #ICBASummit stand together in calling on Congress to address this troubling trend. Congress must investigate the nation’s outdated credit union policies and whether the government should continue subsidizing acquisitions of taxpaying community banks. https://t.co/61ZzhGUWgm

[Independent Community Bankers of America @ICBA]

Customers are recognizing the difference and taking action to switch from big banks to #communitybanks. More evidence of the #banklocally movement gaining momentum from @WSJ:
https://t.co/VYs6ki1YCa

[Thomas Warren @ThomasICBA]

Also today: @ICBA released polling that found 68% of adults say #creditunion customers should have the same consumer protections that banks provide, such as the #CommunityReinvestmentAct. #CreditUnions having a rough one--time for Congress to respond. https://t.co/wqBbvr556q

[Independent Community Bankers of America @ICBA]

��Former bank customers that are now #creditunion members may have less consumer financial protection oversight after the bank-to-credit union transaction,” according to a top @TheNCUA official who cited the agency’s lack of compliance exams. https://t.co/O0aIASateF

[Thomas Warren @ThomasICBA]

Acquisitions of tax-paying #communitybanks by tax-exempt and #CRA-exempt #creditunions without federal share insurance are bad for consumers. No wonder new @ICBA polling conducted by @MorningConsult shows Americans support #creditunion policy changes. https://t.co/wqBbvr556q

[Independent Community Bankers of America @ICBA]

One of the latest #creditunions to acquire a #communitybank is not only exempt from taxes and the #CommunityReinvestmentAct—its deposits aren’t federally insured. Consumers can urge Congress to hold a hearing on #creditunion policy here: https://t.co/VYxkHcVNT2

[Thomas Warren @ThomasICBA]

.@ICBA last year urged @FinCENnews to maximize community bank flexibility under its #beneficialownership rules and to withdraw #BOI requirements for banks now that it is required to collect this info directly from reporting companies https://t.co/jrYayZKlum

[Independent Community Bankers of America @ICBA]

In our statement for today’s @FinancialCmte @FSCDems oversight hearing, we continued our call for @FinCENnews to withdraw bank #BeneficialOwnership reporting requirements now that it collects this info directly from reporting companies. https://t.co/yoHQfQNblb

[Thomas Warren @ThomasICBA]

Nacha reports #ACH Network payment volume rose 4.8% in 2023 on a 22.3% increase in #SameDayACH volume and 10.8% growth in #B2B payments.

[Nacha @NachaOnline]

#DYK: In 2023, the ACH Network safely and securely handled 31.5 billion payments? Nacha is proud to govern the thriving ACH Network, helping millions of businesses and consumers move money between any U.S. bank & credit union in just hours! https://t.co/XEwvwkGzlI

[Thomas Warren @ThomasICBA]

In a statement for the @FinancialCmte @FSCDems oversight hearing starting now, @ICBA endorsed legislation from Chairman @PatrickMcHenry to coordinate @FinCENnews #AML rulemakings on beneficial ownership info. https://t.co/WWoaHy7D7Z

[House Committee on Financial Services - Democrats @USHouseFSC]

#TODAY @ 10:00AM - RM @RepMaxineWaters leads Democrats as the full Cmte holds a hearing entitled “Oversight of the Financial Crimes Enforcement Network (#FinCEN) & the Office of Terrorism and Financial Intelligence (#TFI).”

💻: https://t.co/Orniknzwyo
📻: https://t.co/Tufc5O8JC8

[Thomas Warren @ThomasICBA]

FinCEN says an increasing number of BSA reports tie #crypto to online child sexual exploitation and human trafficking.

[Financial Crimes Enforcement Network (FinCEN) @FinCENnews]

FinCEN analysis reflects an increase in Bank Secrecy Act reporting involving the use of convertible virtual currency for online child sexual exploitation and human trafficking.
https://t.co/IfzfJ6n9YB

[Thomas Warren @ThomasICBA]

A recent study found the @ICBA-opposed #DurbinMarshall bill to impose credit card routing restrictions would disproportionately benefit the nation’s largest businesses while putting #smallbiz at a competitive disadvantage. https://t.co/Empr345InU #DumpDurbinMarshall

[Senate Judiciary Democrats 🇺🇸 @JudiciaryDems]

BREAKING: Senate Judiciary Committee to hold hearing on the need for more competition in the credit card market on April 9.

Sen. Durbin calls on CEOs of Visa, Mastercard, United Airlines, American Airlines to testify.

[Financial Crimes Enforcement Network (FinCEN) @FinCENnews]

FinCEN Proposes Rule to Combat Illicit Finance and National Security Threats in Investment Adviser Sector
https://t.co/LCUfM4v6WH

[Thomas Warren @ThomasICBA]

.@ICBA last month urged Congress to convene a hearing on #CUregulation given reports of lending disparities at Navy Federal, the #creditunion industry's #CRA exemption, and ongoing acquisitions of taxpaying #communitybanks by tax-exempt CUs. https://t.co/0qtvOZInJD

[Independent Community Bankers of America @ICBA]

Had Navy Federal Credit Union been subject to #CRA, it might have avoided disaster with reports of its discriminatory lending, according to a new @AmerBanker op-ed. #CUregulation
https://t.co/mWz4xY7nkV

[Thomas Warren @ThomasICBA]

The lack of @TheNCUA oversight of credit union service organizations was a key point in a recent @AtlantaFed report on credit unions' third-party risks and led to @ICBA-advocated legislation in the 117th Congress. https://t.co/JzbRwHaaCw #CUregulation

[Independent Community Bankers of America @ICBA]

.@TheNCUA Chairman Todd Harper says lack of CUSO oversight is "Achilles' heel" of #CUregulation. As we have testified, Congress should allow the agency to directly examine and regulate CUSOs and other third-party providers. https://t.co/1cFDieXAMX

[Independent Community Bankers of America @ICBA]

Today’s @FHFA scorecard says nothing about ending the 15-year conservatorship that has subjected Fannie and Freddie to political influence. As @HaynieRon has written, the time has come to end what was intended to be a short-term timeout for the GSEs.
https://t.co/6ZR1r4ZiFE

[Thomas Warren @ThomasICBA]

.@ICBA expressed support for the @BIS_orgBasel Committee’s work to draft a regulatory framework for disclosing #crypto exposures in banking entities’ financial statements. https://t.co/h0GpBFaRMb