skip to Main Content

Government Relations

Read the latest Government updates

Albany
New Head of State Technology Services Office Announced

Joseph J. Rabito has been named the interim director and chief information officer of the…

Cuomo Nominates New Head of ESD

Governor Cuomo has nominated U.S. News & World Report Executive Chairman Eric Gertler as the…

Health Insurance Premiums in New York to Rise in 2020

Health insurance premiums will increase next year for New York residents. It is estimated that…

New York To Take On U.S. Census Bureau

New York Attorney General Letitia James revealed Monday that she will lead a group opposing…

IBANYS’ Plan of Action for 2020

IBANYS' Government Relations Committee is developing positions and policies in preparation for the 2020 state…

New Siena Poll Assesses Cuomo, Schumer, Gillibrand, Issues

According to a new Siena College Research Institute Poll, 51% of New Yorkers say Governor…

IBANYS Working On 2019 Bills For Governor, Developing 2020 Policies & Positions

IBANYS' Government Relations Committee and Board of Directors discussed strategies on how to proceed on…

Where New York Ranks Among The 50 States For Business Climate

CNBC's "2019 America's Top States for Business" graded all 50 states based on more than…

Cuomo In Chairs Of National Governors Association

Governor Cuomo was elected vice chairman of the National Governors Association (NGA) last week, taking…

New DFS Division Focuses On Research & Innovation

State Financial Services Superintendent Lacewell announced the creation of the Research and Innovation Division at DFS. The…

Recent Actions By The Governor

Governor Cuomo last week signed the "Stop Hacks and Improve Electronic Data Security (SHIELD) Act," (A.5635B,…

IBANYS Monitoring Bills Headed To Governor Cuomo’s Desk

IBANYS' Government Relations Committee and Board of Directors recently held a conference call to discuss…

New York State Fines Equifax $19.2 Million

State Attorney General Letitia James announced that Equifax has been fined $19.2 million by state…

Comptroller DiNapoli Discusses Economic Outlook

In an interview with Spectrum News, State Comptroller DiNapoli discussed the big picture of what…

IBANYS Government Relations Committee Reviews Legislation

IBANYS' Government Relations Committee and Board of Directors held a conference call yesterday morning to…

Senate Dems Enjoy Big Fundraising Advantage

The latest fundraising figures by the Democratic and Republican State Senate Campaign Committees show a…

DFS Licenses Two More Virtual Currency Companies

The State Department of Financial Services (DFS) on Monday gave approval to two more companies…

State’s Tax Cap Remains At Two Percent

State Comptroller DiNapoli announced New York's tax cap will again be set at 2% in 2020…

July 10, 2019—Other State Updates

Gov. Cuomo's top lawyer is leaving the administration to become the next president of the…

DFS Superintendent Lacewell On Consumer Protection, Fintech

New York State Financial Services Superintendent Linda Lacewell said in an interview with the New…

State Legislature Adjourns Until January 2020 – Update

The New York State Legislature has adjourned for the year, ending the 2019 session on…

Assembly Banks Chairman Zebrowski Loses D.A. Primary

State Assembly Banks Committee Chairman Ken Zebrowski (D-Rockland County) lost his Democratic primary for Rockland…

Senate Banks Chairman Proposes Constitutional Amendment For “Economic Bill Of Rights”

State Senate Banks Committee Chairman James Sanders (D-Queens) has proposed a constitutional amendment stating that every…

Senate Dems Add 40th Member To Their Conference

The State Senate Democratic conference will increase its number from 39 to 40 members in…

State Legislature Adjourns Until January 2020

The New York State Legislature has adjourned for the year, ending the 2019 session on…

Legislative Updates

June 19, 2019 — Other Legislative Activity

The Legislature has approved legislation A.7604 (Buttenschon)/S.5411 (Sanders) extending the banking "wild card" law until September of 2024. The law…

Legislature Poised To Approve Municipal Deposits Legislation

As noted above in the President's Message, the State Senate and Assembly reached agreement on,…

Wild Card Law On Move

A. 7604 (Buttenschon)/S.5411 (Sanders) - which would extend the banking "wild card" law until September of 2024 - has…

June 12, 2019 — Contact Your Legislators: Urge Them To Oppose A.3262/S.6079: Allowing Credit Unions To Accept Municipal Deposits

IBANYS continues to monitor developments regarding legislation that would  allow credit unions to enter the public…

June 5, 2019 — Other State Legislative Action

Both the Senate and Assembly Banks Committees reported A. 7604, Buttenschon/S.5411. Sanders to extend the banking "wild…

S.3312/A.3320 Would Allow Credit Unions Into The State BDD Program & To Access Municipal Deposits

A second bill, S.3312, Sanders/A.3320, Zebrowski would permit tax-exempt credit unions to participate in the State…

June 5, 2019 — Contact Your Legislators: Urge Them To Oppose A.3262/S.6079: Allowing Credit Unions To Accept Municipal Deposits

Legislation that would allow credit unions to enter the public deposits (state and/or municipal deposits)…

May 29, 2019 — Other Legislative Activity

The Senate Banks Committee considered A.7604 (Buttenschon)/S.5411 (Sanders) to extend the current banking "wild card" law (scheduled to expire this September) until…

May 22, 2019 — A Rundown Of Recent Legislative Activity

Recent legislative introductions: S.5880 (Sanders), "The New York State Loan Shark Act," would cap the annual percentage rate of…

May 15, 2019 — A Rundown Of Recent Legislative Activity

Recent legislative introductions: S.5565 (Sanders), which permit municipalities to create public banks in the State of New…

May 8, 2019 — Recent Legislative Activity

The 2019 state legislative session is approaching its final weeks, with adjournment scheduled for June…

Session Heating Up As Committee Activity Increases

There will be just 22 scheduled session days remaining until the anticipated June 19 adjournment.…

April 3, 2019 — Banking Legislation Activity

S. 727 (Montgomery) would permit state and federal credit unions to participate in the State Business…

March 27, 2019 — State Legislative Activity

S. 727 (Montgomery) would permit state and federal credit unions to participate in the State Business…

March 20, 2019 — State Legislative Activity

S. 727, (Montgomery) would permit state and federal credit unions to participate in the State Business…

March 14, 2019 — State Legislative Activity

The Senate Banks Committee has reported S. 727, Montgomery would permit state and federal credit unions…

March 7, 2019 — State Legislative Activity

The State Senate Banks Committee met last Tuesday. The committee's agenda included a number of…

Washington, D.C.
HUD Proposes Rule Change to Disparate Impact

The U.S. Department of Housing and Urban Development (HUD) released  an amendment last Friday to…

FHFA Establishes Final Rule on Credit Score Models

The Federal Housing Finance Agency (FHFA) published a final rule on the verfication and approval…

ICBA: Stop Credit Union SBA Program Participation

ICBA is calling upon the Small Business Administration to end its recent memorandum of understanding…

There’s Still Time To Meet With Your Legislators!

August is the ideal time to plan a meeting with your local members of Congress…

Morgan Stanley Predicts Fed Rate Cuts In The Fall

According to CNBC, analysts at Morgan Stanley have predicted the Federal Reserve will cut rates…

CFPB Issues New Reg Z Rule

The Consumer Financial Protection Bureau (CFPB) issued a final rule with its annual amendments to…

FDIC’s McWilliams: Better Communications Needed On SARs

FDIC Chairwoman Jelena McWilliams said that federal agencies should develop better ways to communicate the…

September Senate Vote On Full Fed Term For Bowman

Before the U.S. Senate left for its annual August recess, Majority Leader Mitch McConnell set…

Fed Decides To Develop Real-Time Payments System

After years of ICBA-led advocacy on behalf of a real-time payments system that ensures access…

Congress On Recess Until After Labor Day

Congress is now out on its annual summer recess through Labor Day. Upon its return,…

Fed Cuts Benchmark Rate By A Quarter Point

The Federal Reserve today lowered its benchmark rate by a quarter-point as an insurance policy -…

July 31, 2019—Other Notes From D.C.

The Consumer Financial Protection Bureau has proposed a measure to roll back a post-crisis regulation…

Latest On Faster Fed Payments: Please Comment

ICBA continues urging community bankers to support Federal Reserve involvement in real-time payments. ICBA is sponsoring…

ICBA To NCUA: Implement Risk Based Capital Rules Now, Not Later

ICBA says the National Credit Union Administration (NCUA) should  implement its risk-based capital rules now, and…

Senate Banking Committee GOP To Agencies: Act On Community Bank Relief

In a joint letter to federal regulators, Republican members of the U.S. Senate Banking Committee led…

Washington Winding Down For August Recess

This week in Washington, the U.S. Senate is the only entity in town. The House…

Rep. Ocasio-Cortez Topped House Financial Services Committee Democrats In Fundraising

Among House Financial Services Committee Democrats, Rep. Alexandria Ocasio-Cortez ranks No. 1 in terms of total receipts…

Federal Regulators Emphasize Risk-Based BSA/AML Oversight

Federal regulators issued a joint statement to improve the transparency of their risk-focused approach to…

Senate Holds Hearing On Cannabis Banking

ICBA submitted testimony  calling on the Senate Banking Committee to take up legislation that would establish…

ICBA Testifies On Small Business Reg Relief

In testimony before the House Small Business Committee, ICBA stated that regulatory overkill poses a…

Fed Nears Decision On Faster Payments

The Federal Reserve appears to be closing in on its decision about whether to take…

NCUA Quadruples Credit Union Appraisal Threshold

The National Credit Union Administration approved an ICBA-and IBANYS-opposed final rule that quadruples the threshold…

August Is Coming: Reach Out To Your Elected Representatives!

Although it's summer, there is still a great deal of activity occurring in Washington until…

The Race Is On To Succeed Bronx Congressman Serrano

New York City Councilman Ritchie Torres will seek the congressional seat held since 1990 by…

An Early Look At Potential 2020 Congressional Primaries In New York

Rep. Alexandria Ocasio-Cortez's primary win last year and other insurgent victories have set the stage…

Update On White House CEA Chairman

Health economist Tomas Philipson has been named Acting Chairman of the White House Council of…

June 30 Call Reports Due July 30

A reminder that call reports for the June 30 report date are due by Tuesday,…

S. 2155 Reg Relief Law Still Helping Community Banks

ICBA's EVP & Senior Regulatory Counsel Chris Cole noted in a new ICBA Main Street…

Senate Banking Committee Sets Hearing On Cannabis Banking

The Senate Banking Committee has scheduled a   hearing  on cannabis banking for July 23. Sens. Cory Gardner…

FDIC Approves Changes On Joint Custody Account Coverage

The FDIC board of directors   approved amendments  to two rules to simplify the process for making insurance…

Latest On CFPB’s Regulatory Reviews

ICBA said it supports the Consumer Financial Protection Bureau's (CFPB's) plan to periodically review its rules…

ICBA To Congress: Be Cautious On Facebook’s Proposed Digital Cryptocurrency

In a letter to Congress in advance of this week's hearing on Facebook's proposed "Libra" digital…

July 10, 2019—Other Federal Updates

In advance of the upcoming congressional hearings July 16-17 on its digital currency Libra, Facebook sought to mitigate…

Fed’s Quarles On Tailored Regulation, Stress Tests

Randal Quarles, the head of banking supervision at the Fed would like to further tailor…

ICBA Briefs Hill On Fed Role In Faster Payments

ICBA has briefed House Financial Services Committee staff on why the Federal Reserve should have…

Federal Regulators Address Volcker Rule Exemption, Capital Simplification

Federal regulators have issued a final rule implementing a provision of the S. 2155 regulatory…

Chairman Powell Delivers Monetary Report To Congress

Congress returned to Washington this week, and Federal Reserve Chairman Powell is scheduled to testify before House and…

OCC Now Using Electronic Fingerprinting

Beginning this month, the Office of the Comptroller of the Currency (OCC) is moving to electronic…

ICBA: Equalize Treatment Of Banks & Credit Unions On Military Bases

The U.S. Senate passed a defense spending bill with a provision, supported by ICBA, that…

Back To Top