FDIC issues computer incident notification guidance

Mar 31, 2022 | NewsWatch Today
The FDIC issued guidance on how banks it supervises can comply with recently established interagency incident notification requirements, effective May 1.

New blog post spotlights post-pandemic payments trends

Mar 30, 2022 | NewsWatch Today
ICBA’s latest blog post explores three post-pandemic payments trends and what they mean for community banks.

OCC issues computer incident notification points of contact

Mar 30, 2022 | NewsWatch Today
The OCC issued a bulletin with the designated points of contact banks must use to satisfy recently established interagency incident notification requirements, effective May 1.

CFPB targets credit card late fees in ‘junk fee’ effort

Mar 30, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau said credit card issuers charged $12 billion in late fees in 2020 and that many have made these penalties “a core part of their profit model.”

DeFi platform crypto hack might be largest ever

Mar 30, 2022 | NewsWatch Today
Decentralized finance platform Ronin Network announced a hack of more than $625 million in cryptocurrencies, possibly the largest crypto hack on record.

ICBA Bancard is Here to Help

Mar 30, 2022 | Bancard Confidential
Our mission at ICBA Bancard is to deliver flexible, innovative payments and digital commerce solutions that allow community banks to flourish. To this end, ICBA Bancard’s relationship management team is here to help and is just an email or phone call away.

Understanding the What, Why, and How of Instant Payments

Mar 30, 2022 | Bancard Confidential
There is a lot happening in the payments world in 2022. As bankers try and digest a steady stream of news related to faster payments, it can be overwhelming to try and keep straight what all the different terms mean, what solutions ride which payment 'rails' or networks, and what actions banks should take in a complex payments landscape to attract and retain customers.

Instant Payments Fraud

Mar 30, 2022 | Bancard Confidential
Instant, faster, real-time: no matter how you describe the newest sets of payment rails, there are many questions as to how those payments may be protected.

Chairman's Column: Asking the Right Questions

Mar 30, 2022 | Bancard Confidential
As we come to the end of the first quarter of 2022, we’re still in the throes of finding our “new normal,” which is shaping everything from our branch strategy to product innovation and beyond. There are several issues deserving of our focus, but for many of us, instant payments has risen to become a necessary priority.

NY Fed analysis signals rise in student loan delinquencies

Mar 24, 2022 | NewsWatch Today
Family Federal Education Loan borrowers, who were not covered by the federal freeze put in place during the pandemic, struggled with their debit payments, and could signal problems ahead for nearly 37 million covered loans and “rising delinquencies once forbearance ends and payments resume,” according to a recent New York Federal Reserve analysis.

“PAVE” report outlines pathway to homeownership equity

Mar 24, 2022 | NewsWatch Today
The Administration announced the release of its Interagency Task Force on Property Appraisal and Valuation Equity report designed to address racial and ethnic bias in the home appraisal process.

Nation’s Community Bankers Meet in Washington for ICBA Capital Summit

Mar 24, 2022 | Press Release
ICBA to host hundreds of community bank leaders during the 2022 ICBA Capital Summit May 1-4 in the nation’s capital.

OCC reports mortgage performance improvement

Mar 23, 2022 | NewsWatch Today
The OCC said the performance of first-lien mortgages in the federal banking system improved during the fourth quarter of 2021.

CFPB issues guidance targeting review fraud

Mar 23, 2022 | NewsWatch Today
The CFPB’s guidance describes certain business practices related to customer reviews that are generally unlawful under the Consumer Financial Protection Act.

Cyber officials: Be on alert for Russian cyberattack

Mar 23, 2022 | NewsWatch Today
Federal cybersecurity officials called on U.S. critical infrastructure to be prepared to defend against a possible Russian state-sponsored cyberattack.

Summary of SBA Plan to Claw Back Pandemic-Era 7(a) Program Mispayments

Mar 23, 2022 | News
The Small Business Administration recently disclosed that it will directly contact more than 1,000 lenders after it potentially made erroneous 7(a) program payments to borrowers under Section 1112 of the CARES Act. Ultimately, the SBA’s plan is to work with lenders to claw back the Section 1112 program mispayments, which do not involve either the Paycheck Protection Program or SBA’s 504 loan program

CISA stakeholder call on Russia-Ukraine conflict today

Mar 22, 2022 | NewsWatch Today
The Cybersecurity and Infrastructure Security Agency is hosting an unclassified stakeholder call today to address the U.S. homeland impact of the Russia-Ukraine conflict.

ICBA and Community Banks Celebrate America’s Ag Community

Mar 22, 2022 | Press Release
ICBA and the nation’s community banks celebrate America’s local farmers, ranchers and agricultural enterprises during National Ag Day.

What interest rate hikes mean for community banks

Mar 18, 2022
With the Federal Reserve voting this week to raise target interest rates, a new ICBA blog post details what the move means for community banks and the communities they serve.

ICBA summary details executive order on digital assets

Mar 18, 2022
ICBA released a summary of President Joe Biden’s executive order on digital assets and what it means for the nation’s community banks.