Durbin Amendment expansion grassroots continues

Sep 15, 2022 | NewsWatch Today
Community bankers can continue using ICBA’s Be Heard grassroots action center to oppose legislation that would create new credit card routing mandates that expand on Durbin Amendment payments interventions.

Marketing Your Credit Card Program: A Community Bank in Alabama Weighs In

Sep 15, 2022 | Bancard Confidential
Ecommerce credit card spend is expected to surpass $500 billion in 2022 for the first time, according to insiderintelligence.com. Community bank marketers will need to be strategic in their outreach efforts, however, if they hope to capture a piece of the pie.

A Note from the Chairman - Bancard Amplifies Our Voices

Sep 15, 2022 | Bancard Confidential
From digital transformation to the ramp up to instant payments with FedNow and beyond, payments have become the hot topic du jour. However, as community banking executives, we’re juggling multiple balls in the air, and a laser focus on payments can be challenging.

Knowledge is Power – Turn Your Customers into Defenders

Sep 15, 2022 | Bancard Confidential
Falling victim to fraud or a scam can be an embarrassing and costly experience. According to a CNBC report published earlier this year, consumers reported fraud losses of more than $5.8 billion in 2021, with imposter fraud and investment scams leading the pack.

Marketing in the round: Using a 360-degree marketing strategy to reach today’s prospects

Sep 15, 2022 | Bancard Confidential
In the pre-digital age of marketing, connecting with potential new customers was relatively simple. Everyone watched the same TV channels, listened to the same radio stations, and read the same local newspapers.

Increase Credit Card Income with Comprehensive Marketing Programs

Sep 15, 2022 | Bancard Confidential
Card programs make significant contributions to banks’ revenue through interchange fees, interest charges on credit card balances, and balance transfer fees. Large financial institutions with deep pockets bombard consumers with card marketing campaigns to garner adoption and ideally gain top-of-wallet status.

Start simple: free marketing assets for community banks

Sep 15, 2022 | Bancard Confidential
There are several resources available to community bankers who want to market their credit or debit card program. Below are sites we recommend, which all house free marketing and educational materials to increase awareness and card usage.

FinCEN underestimating burden of info-sharing requests: ICBA

Sep 13, 2022 | NewsWatch Today
The Financial Crimes Enforcement Network underestimates the regulatory burden of information sharing requests between banks and law enforcement under the USA PATRIOT Act, ICBA told the agency.

OCC announces chief climate risk officer

Sep 13, 2022 | NewsWatch Today
The OCC announced the appointment of Yue (Nina) Chen as chief climate risk officer. Chen will lead the agency’s Office of Climate Risk and development of climate risk management frameworks for the federal banking system.

Farm Credit System reports favorable results despite headwinds

Sep 13, 2022 | NewsWatch Today
The Farm Credit Administration reported that tight labor markets, rising interest rates, a strong dollar, high energy prices, and drought conditions are creating uncertainty in rural economies and farm input prices—though the Farm Credit System is reporting favorable financial results.

FDIC Second-Quarter Deposit Data Show Proposed Assessment Rate Hike Not Needed

Sep 8, 2022 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the FDIC’s latest Quarterly Banking Profile.

ICBA Statement on Federal Home Loan Bank Review

Sep 6, 2022 | Press Release
ICBA statement on the Federal Housing Finance Agency’s comprehensive review of the Federal Home Loan Bank System.

ICBA: Two-Thirds of Voters Support Cannabis Banking Access

Sep 2, 2022 | Press Release
Two-thirds of voters (65%) support allowing cannabis-related businesses to have access to banking services in states where cannabis is legal, the Independent Community Bankers of America (ICBA) announced.

OCC announces assessment rate cuts targeting community banks

Sep 2, 2022 | NewsWatch Today
The OCC will reduce assessment rates on OCC-chartered community banks by 40% starting next year, Acting Comptroller of the Currency Michael Hsu announced.

ICBA recognizes National Preparedness Month

Sep 2, 2022 | NewsWatch Today
ICBA recognized National Preparedness Month in September by issuing tips to help Americans secure their financial documents before disaster strikes.

ICBA voices opposition to Durbin Amendment expansion

Sep 2, 2022 | NewsWatch Today
ICBA this week expressed strong opposition to legislation that would create new credit card routing mandates that expand on Durbin Amendment payments interventions.

Fed raises order limits for nickels, dimes, quarters

Sep 2, 2022 | NewsWatch Today
The Federal Reserve said it will raise order limits for nickels, dimes, and quarters, effective Tuesday. Limits for pennies are unchanged.

ICBA Shares Financial Preparedness Tips for Consumers During National Preparedness Month in September

Sep 1, 2022 | Press Release
In recognition of National Preparedness Month in September, the Independent Community Bankers of America (ICBA) and the nation’s community bankers are reminding Americans to create a plan to ease their worries and speed their financial recovery in the wake of a natural disaster.

ICBA Names 2022 National Community Bank Service Awards Winners

Aug 31, 2022 | Press Release
The Independent Community Bankers of America (ICBA) today announced the winners of its 2022 National Community Bank Service Awards, which celebrate the outstanding service and creative volunteer efforts of the nation’s community banks. Stories are featured in the September issue of ICBA Independent Banker.

FedNow rollout set for May-July

Aug 30, 2022 | NewsWatch Today
The Federal Reserve said it plans to roll out its FedNow instant payments service between May and July of next year.