ICBA Announces New ThinkTECH Accelerator Sponsors to Support Innovation in Community Banking

Feb 21, 2024 | Press Release
The Independent Community Bankers of America® (ICBA) announced three-year agreements with Fiserv, TrueNorth, Wipfli, and Ncontracts to sponsor ICBA’s acclaimed ThinkTECH Accelerator and other innovation programming.

Fed researchers say CBDC wouldn’t disrupt U.S. dollar’s role

Feb 21, 2024 | NewsWatch Today
Federal Reserve researchers said a U.S. central bank digital currency would likely have only a marginal impact on the international role of the U.S. dollar and the role of U.S. payment systems in cross-border payments.

Agencies disrupt LockBit ransomware group

Feb 21, 2024 | NewsWatch Today
The U.S. and U.K. governments said they have successfully disrupted LockBit, one of the world’s most active ransomware groups.

CFPB revises supervisory appeals process

Feb 21, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau issued a procedural rule updating the process by which financial institutions can appeal supervisory findings.

Blog post highlights ICBA innovation milestones

Feb 20, 2024 | NewsWatch Today
ICBA’s Charles Potts highlighted several recent innovation milestones, including the opening of its Center for Innovation, which coincided with ThinkTECH Regulator Day on Feb. 15, and its inaugural ThinkTECH Core Day event, held earlier in the month, in a new blog post.

Barr: Larger banks face increased scrutiny in the wake of SVB

Feb 20, 2024 | NewsWatch Today
Federal Reserve Vice Chair for Supervision Michael Barr said Friday that bank supervisors are increasing scrutiny for larger banks in the wake of Silicon Valley Bank’s failure due in part to large unrealized losses.

CFPB: Credit card data shows small issuers offer lower rates

Feb 20, 2024 | NewsWatch Today
A Consumer Financial Protection Bureau report on credit card data show that smaller credit card issuers have "significantly lower" median annual percentage rates than the largest 25 credit card companies.

ICBA continues grassroots push on several bills

Feb 20, 2024 | NewsWatch Today
While Congress is out for the Presidents’ Day recess, ICBA continues calling on community bankers to use its Be Heard grassroots action center to urge lawmakers to support several pro-community bank bills.

ICBA Celebrates Success of Regulator and Core Days in Advancing Community Banking Innovation

Feb 16, 2024 | Press Release
The Independent Community Bankers of America® (ICBA) recently celebrated the successful conclusion of two important events during its current ThinkTECH Accelerator cohort (AP6), Regulator Day and Core Day.

Waller discounts crypto, Chinese threats to dollar dominance

Feb 16, 2024 | NewsWatch Today
Federal Reserve Governor Christopher Waller said he does not expect the U.S. dollar to lose its status as the world's reserve currency due to challenges from cryptocurrencies and the Chinese renminbi.

Fed’s Bowman: Policymakers have key role in payments improvements

Feb 16, 2024 | NewsWatch Today
The pursuit of improvements in the payments system to expand access to the financial system must avoid the temptation to exclusively rely on new technology, Federal Reserve Governor Michelle Bowman said.

FDIC committee on misconduct encourages outreach

Feb 16, 2024 | NewsWatch Today
More than 350 people have contacted the law firm conducting an independent review of the FDIC’s workplace culture, according to the FDIC board’s special committee overseeing the review.

ICBA endorses bill to coordinate beneficial ownership rulemakings

Feb 15, 2024 | NewsWatch Today
ICBA called on Congress to advance legislation to coordinate and strengthen recent Financial Crimes Enforcement Network anti-money laundering rulemakings.

Barr: No signs of liquidity problems in banking system

Feb 15, 2024 | NewsWatch Today
A single bank missing its revenue expectations and increasing its provisioning does not change the fact that the overall banking system is strong, Federal Reserve Vice Chair for Supervision Michael Barr said.

Vilsack testifies as farm bill questions loom

Feb 15, 2024 | NewsWatch Today
Agriculture Secretary Tom Vilsack testified before the House Agriculture Committee as questions loom about the timing of a new farm bill.

ICBA PAC auction tickets available

Feb 15, 2024 | NewsWatch Today
Tickets are available for ICBA PAC’s 35th Annual Auction Fundraiser, which is scheduled for Saturday, March 16, during ICBA LIVE in Orlando.

ICBA Opens Center for Innovation in Atlanta

Feb 14, 2024 | Press Release
The Independent Community Bankers of America® (ICBA) today announced the opening of the new ICBA Center for Innovation in Atlanta, establishing a permanent home for its world-class community bank innovation initiatives.

Durbin announces hearing on credit card routing bill

Feb 14, 2024 | NewsWatch Today
With Senate Judiciary Committee Chair Dick Durbin (D-Ill.) announcing a hearing on ICBA-opposed legislation to impose credit card routing restrictions, ICBA is calling on community bankers to urge their members of Congress to oppose the bill.

ICBA seeking referrals for seventh ThinkTECH Accelerator

Feb 14, 2024 | NewsWatch Today
ICBA is now accepting applications for its seventh ThinkTECH Accelerator program, which promotes growth-stage companies that serve or wish to serve community banks and their customers.

FinCEN proposes BSA standards for investment advisers

Feb 14, 2024 | NewsWatch Today
The Financial Crimes Enforcement Network issued a proposed rule to add investment advisers to the list of businesses classified as “financial institutions” under the Bank Secrecy Act.