Minority Banks Urge Congress to Scrap IRS Reporting Plan

Oct 1, 2021 | Press Release
The Independent Community Bankers of America’s Minority Bank Advisory Council today expressed strong opposition to the Biden administration’s proposal that would require banks to report customer account information to the IRS.

ICBA Congratulates Consumer Financial Protection Bureau Director Rohit Chopra on Confirmation

Oct 1, 2021 | Press Release
Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on the Senate confirmation of Rohit Chopra for Consumer Financial Protection Bureau director.

ICBA to Congress: Preserve community bank SBA lending

Oct 1, 2021 | NewsWatch Today
ICBA called on Congress to reject proposed changes to the SBA 7(a) loan program that would displace community bank SBA lending.

ICBA offers Cybersecurity Awareness Month resources

Oct 1, 2021 | NewsWatch Today
With Cybersecurity Awareness Month kicking off today, ICBA is offering community banks various resources to participate.

Public-private partnership key to CBDC: report

Oct 1, 2021 | NewsWatch Today
A future central bank digital currency system would need to involve both public and private actors to ensure interoperability with the broader payment system, according to new reports from the Bank for International Settlements.

ICBA Testifies on Preserving Community Bank SBA Lending

Sep 30, 2021 | Press Release
The Independent Community Bankers of America today called on Congress to reject proposed changes to the Small Business Administration 7(a) loan program that would displace community bank SBA lending.

ICBA Securities’ Exclusively Endorsed Broker Announces Sale

Sep 29, 2021 | Press Release
ICBA Securities Inc., the broker-dealer subsidiary of the Independent Community Bankers of America, released the following statement in response to the announcement that its exclusive broker Vining Sparks has been acquired by Stifel Financial, Inc.

Industrial Loan Company Loophole Necessitates Congressional Scrutiny and Legislative Solution

Sep 29, 2021 | Press Release
This morning, the U.S. House Financial Services Subcommittee on Consumer Protection and Financial Institutions will meet to discuss the “The Future of Banking.”

ICBA Urges FDIC to Permanently Raise Regulatory Asset Thresholds

Sep 27, 2021 | Press Release
The Independent Community Bankers of America today called on the Federal Deposit Insurance Corp. to raise regulatory asset thresholds to account for industry consolidation, rising inflation, and a swell of deposits caused by COVID-19 stimulus efforts.

IRS proposal tweaks don’t stop pushback

Sep 27, 2021 | NewsWatch Today
While policymakers are looking to narrow the ICBA-opposed IRS reporting proposal, ICBA is continuing its campaign urging consumers to speak out against the plan.

SBA: PPP portal tops 1M submissions

Sep 27, 2021 | NewsWatch Today
The SBA said its Paycheck Protection Program Direct Borrower Forgiveness Portal has topped 1 million applications for $17 billion in relief since it launched Aug. 4.

ICBA: Congress Cannot Salvage Voter-Opposed IRS Reporting Plan ​

Sep 24, 2021 | NewsWatch Today | Press Release
ICBA President and CEO Rebeca Romero Rainey issues statement on the latest congressional efforts to allow the IRS to collect financial account information from American consumers.

ICBA Statement on Nomination of Saule Omarova for Comptroller of the Currency

Sep 23, 2021 | Press Release
ICBA President and CEO Rebeca Romero Rainey issued the following statement on President Joe Biden’s intent to nominate Saule Omarova for comptroller of the currency.

ICBA Launches Ad Campaign on Credit Union Tax Exemption

Sep 23, 2021 | Press Release
The Independent Community Bankers of America this week launched a print and digital advertising campaign to inform Americans about the credit union tax exemption and its impact on financial services consolidation in local communities.

IRS consumer campaign tops 400K messages

Sep 23, 2021 | NewsWatch Today
ICBA’s campaign urging consumers to speak out against an IRS reporting proposal topped 400,000 consumer messages to members of Congress, with lawmakers continuing to consider the plan.

ICBA kicks off ad campaign targeting credit unions

Sep 23, 2021 | NewsWatch Today
ICBA launched a print and digital advertising campaign on the credit union tax exemption ahead of a key congressional hearing next week.

ICBA launches multi-state credit union ad push

Sep 22, 2021 | NewsWatch Today
ICBA today is launching a print and digital advertising campaign in key states calling on Congress to investigate the credit union tax exemption and its impact on acquisitions of community banks.

Treasury crypto sanctions portend broad regulatory response

Sep 22, 2021 | NewsWatch Today
Financial regulators on Tuesday began cracking down on cryptocurrency exchanges and laid out significant concerns with digital assets.

FinCEN issues online child sexual exploitation notice

Sep 21, 2021 | NewsWatch Today
The Financial Crimes Enforcement Network issued a notice on increasing online child sexual exploitation. The notice provides financial institutions with specific suspicious activity report filing instructions and highlights trends.

ICBA Urges Agencies to Extend Community Bank Leverage Ratio Flexibility

Sep 20, 2021 | Press Release
The Independent Community Bankers of America (ICBA) called on federal banking regulators to extend Community Bank Leverage Ratio flexibility given the impact of COVID-19 relief efforts on community bank capital levels.