ICBA Announces Close of First BankTech Ventures Investment Fund

Aug 16, 2022 | Press Release
The Independent Community Bankers of America (ICBA) announced the closing of the BankTech Ventures Fund, which raised more than $115 million in committed capital in its first fund to accelerate technology opportunities and adoption at community banks.

House approves spending bill that excludes ICBA-opposed policies

Aug 15, 2022 | NewsWatch Today
The House passed budget reconciliation legislation that excludes several proposed tax provisions strongly opposed by ICBA.

ICBA urging comments on deposit insurance assessments

Aug 15, 2022 | NewsWatch Today
ICBA is calling on community bankers to submit personalized comments to the FDIC opposing its proposal to raise deposit insurance assessment rates by 2 basis points on all insured institutions.

CFPB planning inquiry on credit card interest rates

Aug 15, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau released a blog post targeting the growing divergence between credit card interest and charge-off rates—and previewing an inquiry into industry practices.

ICBA Urges Policymakers to Prioritize National Security in New Crypto Rules

Aug 9, 2022 | Press Release
The Independent Community Bankers of America (ICBA) told the Treasury Department that policymakers developing new rules for cryptocurrency should prioritize protecting national security amid catastrophic developments in the crypto markets this year.

ICBA urges uniform CRA rule that minimizes reg burdens

Aug 8, 2022 | NewsWatch Today
ICBA called on federal banking regulators to issue a uniform final rule on Community Reinvestment Act modernization that minimizes new data collection and reporting burdens for community banks.

ICBA guide supports August recess meetings

Aug 8, 2022 | NewsWatch Today
With Congress breaking for the August recess, ICBA offers an updated version of its “Meetings on Main Street” guide to help community bankers host members of Congress.

FS-ISAC covers Robin Banks phishing platform

Aug 8, 2022 | NewsWatch Today
The Financial Services Information Sharing and Analysis Center’s latest weekly risk report spotlights the new phishing-as-a-service platform, Robin Banks.

ICBA: Uniform Community Reinvestment Act Rule Should Minimize Burdens on Community Banks

Aug 5, 2022 | Press Release
The Independent Community Bankers of America (ICBA) today called on federal banking regulators to issue a uniform final rule on Community Reinvestment Act modernization that minimizes new data collection and reporting burdens for community banks.

Credit union field of membership application blocked in Virginia

Aug 4, 2022 | NewsWatch Today
The Virginia State Corporation Commission denied Virginia Credit Union Inc.’s application to expand its field of membership to include the Medical Society of Virginia—the latest setback to the credit union industry’s efforts to increase its taxpayer-subsidized authority.

ICBA: Ford ILC application shows need to close loophole

Aug 4, 2022 | NewsWatch Today
The Ford Motor Co. plan to apply for an industrial loan company charter shows why the ILC loophole should be closed, ICBA’s Chris Cole told American Banker.

House lawmakers press FDIC on appeals office change

Aug 4, 2022 | NewsWatch Today
Republican members of the House Financial Services Committee pressed the FDIC on its ICBA-opposed decision to eliminate the Office of Supervisory Appeals and reinstate the Supervision Appeals Review Committee.

Trades Petition CFPB to Ensure Data Aggregation Services Market is Fair, Transparent and Competitive

Aug 2, 2022 | Press Release
Eight national trade groups petitioned the Consumer Financial Protection Bureau to initiate a rulemaking that will strengthen the privacy and security of consumer financial data held by fintechs, Big Tech and data aggregators.

CFPB, DOJ issue reminder on servicemember auto finance protections

Aug 1, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau and Justice Department issued a joint letter reminding auto finance companies of their responsibility to recognize legal protections for military families under the Servicemembers Civil Relief Act.

Fed: Stablecoin growth poses structural vulnerabilities

Aug 1, 2022 | NewsWatch Today
The value of outstanding stablecoins grew roughly fivefold last year, the Federal Reserve said in its 2021 annual report.

FDIC issues fact sheet, advisory on crypto deposit insurance claims

Aug 1, 2022 | NewsWatch Today
The FDIC published a fact sheet to consumers and an advisory to financial institutions on FDIC deposit insurance and crypto companies.

Senate spending deal excludes ICBA-opposed policies

Jul 29, 2022 | NewsWatch Today
The Senate budget reconciliation deal announced this week by Senate Majority Leader Chuck Schumer (D-N.Y.) and Sen. Joe Manchin (D-W.Va.) excludes several proposed tax provisions strongly opposed by ICBA.

Senate drops postal banking funding from appropriations bill

Jul 29, 2022 | NewsWatch Today
Senate appropriators dropped an ICBA-opposed legislative proposal to expand the U.S. Postal Service’s banking pilot after ICBA urged lawmakers to block the plan.

SBA now accepting requests for PPP partial-forgiveness reviews

Jul 29, 2022 | NewsWatch Today
The Small Business Administration said its Paycheck Protection Program platform can now accept borrower requests to review lenders’ partial forgiveness decisions.

OCC issues CRA fact sheets ahead of comment deadline

Jul 29, 2022 | NewsWatch Today
The OCC released a series of fact sheets on the banking agencies’ proposed updates to Community Reinvestment Act regulations ahead of the Aug. 5 comment deadline.