Fed issues ‘synthetic identity fraud’ definition

Apr 9, 2021 | NewsWatch Today Article
The Federal Reserve issued a recommended definition of “synthetic identity fraud” after convening an industry group.

ICBA urges improvements to EIP delivery

Apr 9, 2021 | NewsWatch Today Article
ICBA and other groups recommended improvements to how the IRS issues Economic Impact Payments.

FS-ISAC Coronavirus Update, April 9, 2021

Apr 9, 2021 | Coronavirus Update
About a quarter of adults in the US - more than 66 million people - are now fully vaccinated against Covid-19, according to data published Thursday by the Centers for Disease Control and Prevention.

IRS disburses another 25M EIPs

Apr 8, 2021 | NewsWatch Today Article
The IRS and Treasury Department said they are disbursing more than 25 million payments in the fourth batch of Economic Impact Payments under the American Rescue Plan.

CFPB proposes delaying debt collection rules

Apr 8, 2021 | NewsWatch Today Article
The Consumer Financial Protection Bureau proposed delaying the effective date of two recent debt collection rules to provide more time to comply.

ICBA expands Financial Literacy Month resources

Apr 8, 2021 | NewsWatch Today Article
ICBA added more Financial Literacy Month resources to its "Tell Your Story" marketing and communications toolkit to help community banks celebrate in April.

FS-ISAC Coronavirus Update, April 8, 2021

Apr 8, 2021 | Coronavirus Update
The US is currently averaging 785 daily deaths over the last seven days - down 21% since last week, according to data compiled by Johns Hopkins University, and the country is reporting 64,766 average daily cases over the last week – which was down 3%.

ICBA, Coalition Oppose New Restrictions on Fannie, Freddie

Apr 7, 2021 | Press Release
The Independent Community Bankers of America (ICBA) and other financial, mortgage, and civil rights groups today are calling on the Treasury Department and Federal Housing Finance Agency to delay and withdraw new product restrictions on Fannie Mae and Freddie Mac.

SBA warns of PPP funding crunch

Apr 7, 2021 | NewsWatch Today Article
The SBA is warning Congress that the recently extended Paycheck Protection Program is starting to run low on funds with nearly two months left for borrowers to apply.

ICBA urges delay in GSE product restrictions

Apr 7, 2021 | NewsWatch Today Article
ICBA and other groups called on Treasury Secretary Janet Yellen and FHFA Director Mark Calabria to delay product and program restrictions for Fannie Mae and Freddie Mac.

ICBA backs BSA/AML relief bill

Apr 7, 2021 | NewsWatch Today Article
ICBA expressed support for legislation to raise the currency transaction reporting and Suspicious Activity Reporting thresholds to $30,000 and $10,000, respectively.

FS-ISAC Coronavirus Update, April 7, 2021

Apr 7, 2021 | Coronavirus Update
Following a dip in daily case numbers due to Easter Sunday, when many states did not report coronavirus data, a Johns Hopkins University tracker shows the US recorded about 79,000 new Covid-19 cases on Monday, with the seven-day average currently at 64,600.

ICBA Bancard Hires Vice President, Project Manager

Apr 6, 2021 | Press Release
ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America, today announced Malallai “Mal” Zalmai as vice president, project manager.

Independent Banker interviews new ICBA leaders

Apr 6, 2021 | NewsWatch Today Article
The April issue of Independent Banker magazine profiles ICBA's 2021-2022 executive committee. The interviews with ICBA leadership bankers cover the pandemic’s permanent changes to banking, evolving customer needs and expectations, community bank advocacy priorities, and more.

Senate Republicans urge CBLR relief extension

Apr 6, 2021 | NewsWatch Today Article
Senate Banking Committee Republicans led by Sen. Mike Crapo (R-Idaho) called on federal regulators to use their authority to extend the 8 percent Community Bank Leverage Ratio through Dec. 31.

CFPB proposes servicing changes to prevent foreclosures

Apr 6, 2021 | NewsWatch Today Article
The Consumer Financial Protection Bureau proposed a set of rules changes to prevent foreclosures as emergency protections expire.

Visa Global Economic Insights (March 2021)

Apr 5, 2021 | News
Last year as millions sheltered at home, e-commerce proved crucial to keeping retail sales flowing. Now, as outbreaks begin to subside and mobility returns, e-commerce’s share of total sales has fallen from its 2020 peak, raising questions about the lasting impact of the abrupt shift to e-commerce.

Credit union hearing push intensifies

Apr 5, 2021 | NewsWatch Today Article
ICBA is encouraging community bankers to call on Congress to hold hearings on credit union acquisitions of taxpaying community banks.

ICBA backs estate tax repeal bill

Apr 5, 2021 | NewsWatch Today Article
ICBA and other groups thanked Sen. John Thune (R-S.D.) and Reps. Jason Smith (R-Mo.) and Sanford Bishop (D-Ga.) for introducing legislation to permanently repeal the estate tax, which taxes the value of an estate at the time of death.