Agencies encourage risk-based approach to customer due diligence

Jul 7, 2022 | NewsWatch Today
Federal financial services regulators issued a joint statement to remind banks of the risk-based approach to assessing customer relationships and conducting customer due diligence.

nbkc bank Successfully Implements nCino Commercial Pricing and Profitability

Jul 7, 2022 | Industry News From Corporate Members
nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that nbkc is live on nCino’s Commercial Pricing and Profitability on the nCino Bank Operating System®.

Tennessee Community Banker Named Chairman of ICBA Securities Board of Directors

Jul 5, 2022 | Press Release
ICBA Securities Inc.®, the broker-dealer subsidiary of the Independent Community Bankers of America (ICBA), today announced the election of Thomas E. Bates Jr., president and CEO of Legends Bank in Clarksville, Tenn., as chairman of the ICBA Securities board of directors. Aza Bittinger, president and CEO of the Community Bankers Association of Ohio; Blake Heid, president and CEO of First Option Bank in Osawatomie, Kans.; and Craig Wanichek, president and CEO of Summit Bank in Eugene, Ore., were also elected to the board.

ICBA “dashboard” and briefing highlight community bank-focused advocacy efforts for Q3

Jul 5, 2022 | NewsWatch Today
ICBA’s third quarter “Advocacy in Action” government relations dashboard and recent advocacy briefing provide community banks with an update on ICBA’s advocacy successes, along with more information about our community bank-focused policy positions before Congress and the financial agencies.

ICBA guidance on new FDIC approach to re-presented transactions

Jul 5, 2022 | NewsWatch Today
With the FDIC taking a new, stricter approach to how banks treat single items that are repeatedly rejected for insufficient funds, ICBA released member-protected fact sheet on the issue with recommendations for reducing the risk of penalties.

Nominations open for Best Community Banks to Work For awards

Jul 5, 2022 | NewsWatch Today
ICBA’s Independent Banker magazine opened nominations for its 2022 Best Community Banks to Work For awards.

Fed: Community Banking Connections makes business case for relationship banking

Jul 5, 2022 | NewsWatch Today
The latest issue of the Federal Reserve’s Community Banking Connections herald's the financial resilience and commitment of the nation's community banks in serving local communities throughout the pandemic.

TCM Bank Announces New Board Appointments

Jul 1, 2022 | Press Release
TCM Bank, N.A., a subsidiary of ICBA Bancard, today announced that Jack Hartings, chairman of the Peoples Bank Co. in Coldwater, Ohio, and Kathy Underwood, president and CEO of Ledyard National Bank, in Hanover, N.H., were elected to the TCM Bank board of directors.

North Dakota Banker Named to ICBA Bancard Board of Directors

Jun 30, 2022 | Press Release
ICBA Bancard, the payments subsidiary of the Independent Community Bankers of America, today announced that Sarah Getzlaff, CEO of Security First Bank of North Dakota in Bismarck, N.D. was elected to the ICBA Bancard board of directors.

ICBA Names Scott Marks as Assistant Vice President of Congressional Relations

Jun 30, 2022 | Press Release
The Independent Community Bankers of America today announced the hire of Scott Marks as assistant vice president of congressional relations.

ICBA offers guidance on FDIC’s new approach to re-presented transactions

Jun 30, 2022 | NewsWatch Today
With the FDIC taking a new, stricter approach to how banks treat single items that are repeatedly rejected for insufficient funds, ICBA released a member protected fact sheet on the issue with recommendations for reducing the risk of penalties.

ICBA Urges Policymakers to Consider Risks of Crypto, Central Bank Digital Currency

Jun 29, 2022 | Press Release
The Independent Community Bankers of America (ICBA) today called on the Commerce Department to recognize the risks posed by digital assets — including a U.S. central bank digital currency — as policymakers consider a regulatory framework.

ICBA issues summary on CRA modernization proposal

Jun 29, 2022 | NewsWatch Today
ICBA released a summary of the banking agencies’ proposed update to Community Reinvestment Act regulations.

CFPB: States can issue fair credit reporting laws

Jun 29, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau issued an interpretive rule affirming states’ abilities to issue their own fair credit reporting laws.

ICBA, Groups Urge CFPB to Rescind Revised Examination Manual

Jun 28, 2022 | Press Release
The Independent Community Bankers of America (ICBA) and other groups issued a joint white paper detailing why recent Consumer Financial Protection Bureau actions to expand its examination of banks for discrimination exceeds the bureau’s legal authority.

ICBA Statement on Committee Passage of the Close the ILC Loophole Act

Jun 23, 2022 | Press Release
ICBA and the nation’s community banks strongly support the Close the ILC Loophole Act (H.R. 5912) and thank Reps. Chuy Garcia (D-Ill.) and Lance Gooden (R-Texas) for introducing this important legislation.

Committee set to vote on ILC bill after pulling overdraft measure

Jun 23, 2022 | NewsWatch Today
The House Financial Services Committee today is set to vote on ICBA-advocated legislation to close the industrial loan company loophole after pulling an ICBA-opposed bill to implement overdraft restrictions.

CFPB initiates review of credit card late fees

Jun 23, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau issued an advance notice of proposed rulemaking to reopen CARD Act rules that regulate how much financial firms can charge in credit card late fees.

ICBA, groups urge FDIC to reconsider appeals office change

Jun 23, 2022 | NewsWatch Today
ICBA and other groups called on the FDIC to reconsider its decision to eliminate the Office of Supervisory Appeals and reinstate the agency’s Supervision Appeals Review Committee.

CFPB planning 1071 final rule by March 2023

Jun 23, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau plans to issue a final rule implementing Section 1071 small-business reporting requirements by March 2023, according to a timeline released by the Office of Management and Budget.