ICBA Newsroom
The ICBA Newsroom collects and centralizes all the NewsWatch Today articles, press releases, blog posts, advocacy letters and other news that impacts community bankers.
Buy Now, Pay Later Continues Notable Growth as BNPL Fraud Increases
Buy Now, Pay Later (BNPL) quickly rose to become an alternative payment staple during the pandemic, appealing to millennials and consumers wanting to get that ‘longed for’ purchase or just make ends meet.
June 22, 2022 |
Payments Quarterly
Payments
A Note from the Chairman: Carpe Diem Instant Payments
As the lifeblood of the U.S. economy, small businesses have reverberating impacts on the industries and communities they serve. In many cases, their expertise extends into areas other than financial services. That’s why they seek financial partners to help them navigate everything from cash flow to growth strategies and beyond.
June 22, 2022 |
Payments Quarterly
Payments Instant Payments
ICBA Statement on FDIC Proposal to Raise Deposit Insurance Assessment Rates
ICBA and the nation’s community banks are closely reviewing today’s FDIC proposal to amend its Deposit Insurance Fund Restoration Plan by increasing deposit insurance assessment rates by 2 basis points on all insured depository institutions.
June 21, 2022 |
Press Release
Deposit Insurance
Credit union terminates purchase of Ga. community bank
VyStar Credit Union in Jacksonville, Fla., terminated its bid to acquire Heritage Southeast Bank in Jonesboro, Ga., after failing to win regulatory approval.
June 17, 2022 |
News
Credit Unions
Committee reschedules ILC, overdraft markup
The House Financial Services Committee rescheduled for next week its markup of several key bills after postponing it earlier this week. The markup is now set to start at 10 a.m. (Eastern time) this Wednesday, June 22.
June 17, 2022 |
ICBA NewsWatch Today
Compliance Lending 1071
Agencies release 2021 HMDA data
The Federal Financial Institutions Examination Council released 2021 Home Mortgage Disclosure Act data for 4,338 U.S. financial institutions.
June 17, 2022 |
ICBA NewsWatch Today
Mortgage Rules
CFPB gathering overdraft data for regulatory follow-up
The Consumer Financial Protection Bureau said it intends to use information it is gathering from financial institutions on their overdraft practices to identify institutions for further regulatory review.
June 17, 2022 |
ICBA NewsWatch Today
Compliance
ICBA Provides Tips for Preventing Elder Financial Abuse
June 15 is World Elder Abuse Awareness Day, and the Independent Community Bankers of America and its Senior Housing Crime Prevention Foundation subsidiary are providing tips for preventing the disturbing trend of elder financial abuse.
June 14, 2022 |
Press Release
Elder Financial Abuse
Credit union grassroots key with House committee meeting today
With the House Rules Committee meeting today to advance legislation to further empower credit unions, ICBA continues calling on community bankers to urge their lawmakers to oppose the bill.
June 13, 2022 |
ICBA NewsWatch Today
Credit Unions
ICBA concludes blog series on stablecoin collapse
ICBA concluded its new series of blog posts on the collapse of the TerraUSD stablecoin with a post focusing on its impact on community banks and the regulatory debate.
June 13, 2022 |
ICBA NewsWatch Today
Digital Assets
House committee markup in focus this week
Tomorrow’s House Financial Services Committee markup will drive the week on Capitol Hill. The panel will consider an ICBA-supported bill to close the industrial loan company loophole and ICBA-opposed legislation on overdraft, payments, and small-business regulations.
June 13, 2022 |
ICBA NewsWatch Today
Lending
Hsu: CRA update supports MDIs, CDFIs
The proposed update to Community Reinvestment Act regulations incentivizes banks to support minority depository institutions and community development financial institutions, Acting Comptroller of the Currency Michael Hsu said.
June 10, 2022 |
ICBA NewsWatch Today
CRA
ICBA continues blog series on stablecoin collapse
ICBA continued its new series of blog posts on the collapse of the TerraUSD stablecoin and its broader impact.
June 10, 2022 |
ICBA NewsWatch Today
Digital Assets
Op-ed targets credit union acquisitions ahead of committee votes
Congress should join the growing number of states fighting back against credit union acquisitions of community banks, ICBA President and CEO Rebeca Romero Rainey says in a new op-ed.
June 10, 2022 |
ICBA NewsWatch Today
Credit Unions
ICBA, state associations urge passage of cannabis safe harbor
ICBA and a coalition of 44 state community banking associations urged Congress to include a cannabis banking safe harbor in the America COMPETES Act conference report.
June 09, 2022 |
ICBA NewsWatch Today
Cannabis banking
CFPB terminates Upstart no-action letter
The Consumer Financial Protection Bureau said it terminated Upstart Network from its list of approved “no-action letters” at Upstart’s request.
June 09, 2022 |
ICBA NewsWatch Today
Compliance
ICBA leading push on ILC, overdraft, credit union bills
With several key community banking policy issues coming up for a vote in the coming days, ICBA is urging community bankers to speak out while it engages lawmakers in Washington.
June 09, 2022 |
ICBA NewsWatch Today
Credit Unions Lending
ICBA, State Associations Urge COMPETES Act Conference to Retain House-Passed SAFE Banking Act
The Independent Community Bankers of America and a coalition of 44 state community banking associations today called on Congress to include in the America COMPETES Act conference report legislation establishing a cannabis banking safe harbor.
June 08, 2022 |
Press Release
Cannabis banking
ICBA Names Community Banker and Former Regulator Anne Balcer as New Head of Government Relations
The Independent Community Bankers of America (ICBA) today announced that Anne Balcer, executive vice president, general counsel and internal auditor for Forbright Bank, formerly Congressional Bank, in Chevy Chase, Md., will succeed ICBA Senior Executive Vice President of Government Relations and Public Policy Karen Thomas following her retirement in July.
June 06, 2022 |
Press Release
ICBA: FDIC framework could pose unintended consequences for community businesses
ICBA wrote to the FDIC to share its concerns with the agency’s proposed climate risk management framework for large banks, which could limit and discourage financial institutions from doing otherwise lawful business with climate-disfavored industries.
June 06, 2022 |
ICBA NewsWatch Today
Climate
Grassroots push on credit union bill continues
ICBA continues calling on community bankers to urge their lawmakers to oppose legislation that would expand credit unions’ fields of membership and commercial lending powers.
June 06, 2022 |
ICBA NewsWatch Today
Credit Unions
Blog: Expanding interchange price control puts fraud protections at risk
Misguided efforts by “big box” merchants seeking to extend debit card interchange price controls to the credit card market jeopardize investments in protections and security that defend cardholders from criminal activity and undermine trust in the banking system, writes ICBA’s Deborah Matthews Phillips in a new blog post.
June 06, 2022 |
ICBA NewsWatch Today
Interchange
ICBA Offers Tips to Help Simplify the Home Buying Process
In recognition of National Homeownership Month in June, the Independent Community Bankers of America and the nation’s community banks encourage consumers to consult their local community bank to learn about available programs that make financing a mortgage or refinancing an existing home easier and more affordable.
June 03, 2022 |
Press Release
ICBA and 44 State Banking Associations Express Concern Over Proposal That May Choke Off Credit to Legal Businesses
ICBA and 44 state banking associations, strongly urged the Federal Deposit Insurance Corporation’s (FDIC) not to allow its proposed statement of principles on climate-risk management for large banks to limit and discourage financial institutions from doing otherwise lawful business with climate-disfavored industries.
June 03, 2022 |
Press Release
Climate
ICBA, state groups express concerns over climate risk management framework
ICBA and 44 state banking groups wrote to the FDIC to express concerns that the agency’s proposed climate risk management framework for large banks could “choke off” lawful but climate-disfavored industries from the banking system.
June 03, 2022 |
ICBA NewsWatch Today
Climate
FDIC climate comment letters due today
Today is the deadline for community bankers to submit personalized comment letters to the FDIC on its draft statement of principles for climate-related financial risk management for large financial institutions.
June 03, 2022 |
ICBA NewsWatch Today
Climate
The Digital Transformation Journey Begins with the “People Factor”—with Kathy Strasser, Executive Vice President and Chief Operating Officer of IncredibleBank
ICBA, Independent Banker Honor Community Bank Emerging Leaders in Annual 40 under 40 List
Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America (ICBA), announced its 40 Under 40: Emerging Community Bank Leaders.
June 01, 2022 |
Press Release
40 Under 40: Emerging Community Bank Leaders in 2022
Our fourth annual 40 Under 40: Emerging Community Bank Leaders competition highlights the achievements of young community bankers across the nation. From innovators and digital bankers to mentors and educational advocates, these bankers are making a profound impact on their communities. Our 2022 winners are leading the charge on the future of community banking.
June 01, 2022 |
Independent Banker
How gamification can be a boon for community banks
Community banks are getting into the gamification business—and it’s been better for business. Introducing gaming elements into apps and company training tools can result in cost savings, increased customer loyalty, financial literacy and employee retention. Here’s how some community banks are winning with their gamified approach.
June 01, 2022 |
Independent Banker
Payments
Brad M. Bolton: Community continuation
Community continuation is not about checking a regulatory box; it means putting a name to the people who will be the future of our banks.
June 01, 2022 |
Independent Banker
Jim Reber: What we hoped for?
Community bankers wished for higher rates in 2022. And now…
June 01, 2022 |
Independent Banker
Customer Understanding Deepens Relationships
SPONSORED | Investing in your tech stack has never been more important. Hear from Horicon Bank how they have positioned themselves to grow using the Total Expert platform.
June 01, 2022 |
Independent Banker
The effect of nonbanks in the mortgage space
Nonbank institutions continue to be serious contenders in the home lending space. We look at how community banks can counter nonbanks’ offerings through streamlined technology, customer service and other strategies.
June 01, 2022 |
Independent Banker
Lending
Rebeca Romero Rainey: The power of discussion
Healthy debate helps us achieve an outcome where we’re all pushed to think beyond what might be readily in front of us.
June 01, 2022 |
Independent Banker
Lindsay LaNore: Managing remote employees
As life settles into a new rhythm, you may find that some team members continue working remotely permanently, or that they shift to a hybrid model in which they can work remotely at least some of the time. What are some best practices for managing this new distributed workforce?
June 01, 2022 |
Independent Banker
Charles Potts: Being comfortable with discomfort
We live in unprecedented times, filled with new challenges and opportunities for small businesses. Fortunately, community banks have greater access than ever before to advanced solutions and technologies to meet those needs.
June 01, 2022 |
Independent Banker
Aaron Stetter: Start planning for August recess
With the congressional summer break right around the corner, now is the time to connect with legislators in their home districts and advocate for the issues important to community banks. Here’s how to arrange a face-to-face meeting with lawmakers, as well as talk about the legislative priorities they can take back to Capitol Hill.
June 01, 2022 |
Independent Banker
Unexpected allies
Meeting serendipitously at a ThinkTECH Accelerator showcase, Fintel Connect and Finzly prove that the best relationships allow both partners to complement each other’s strengths.
June 01, 2022 |
Independent Banker
Out of Office: Tyrone Beatty
After becoming a fan of The Great British Baking Show, Tyrone Beatty, assistant branch manager at $2.3 million-asset 1st Security Bank of Washington in Mountlake Terrace, Wash., added baking to his long list of interests.
June 01, 2022 |
Independent Banker
Independent Banker
Independent Banker is the award-winning monthly member publication of ICBA. Continually rated the best news source by community bankers, IB provides timely, relevant information and insights to help community banks continue to flourish.
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