Visa SMB Pulse Payment Outlook and Trends

Jun 22, 2022 | Bancard Confidential
A recent Visa commissioned survey provides insights into credit usage by small- to mid-sized businesses (SMBs) in the United States.

Payments One Credit Enhances the Small Business & Commercial Card Experience

Jun 22, 2022 | Bancard Confidential
Small business and commercial card payments are an exciting growth and relationship opportunity for community banks. Both small business and commercial card types hold strong value and the size and spend of a company will determine which card they need in their employee’s wallets.

Instant Payments for Small Businesses: Low Hanging Fruit

Jun 22, 2022 | Bancard Confidential
If you have not read ICBA Bancard CEO Tina Giorgio’s recent blog on instant payments for small businesses, it is definitely worth reading. In the blog, Tina includes some key stats that effectively capture the expectations and demands of small businesses when it comes to instant payments:

ICBA, Groups Urge FDIC to Reconsider Reversal on Supervisory Appeals Office

Jun 22, 2022 | Press Release
The Independent Community Bankers of America (ICBA) and other groups called on the Federal Deposit Insurance Corp. to reconsider its decision to eliminate the Office of Supervisory Appeals (OSA) and reinstate the agency’s Supervision Appeals Review Committee (SARC).

Buy Now, Pay Later Continues Notable Growth as BNPL Fraud Increases

Jun 22, 2022 | Bancard Confidential
Buy Now, Pay Later (BNPL) quickly rose to become an alternative payment staple during the pandemic, appealing to millennials and consumers wanting to get that ‘longed for’ purchase or just make ends meet.

A Note from the Chairman: Carpe Diem Instant Payments

Jun 22, 2022 | Bancard Confidential
As the lifeblood of the U.S. economy, small businesses have reverberating impacts on the industries and communities they serve. In many cases, their expertise extends into areas other than financial services. That’s why they seek financial partners to help them navigate everything from cash flow to growth strategies and beyond.

Building a Commercial Card Program – A Missouri Community Banker Weighs In

Jun 22, 2022 | Bancard Confidential
When Chad King, director of business services at $3.5 billion-asset First State Community Bank in Farmington, Mo., came to the bank nearly a decade ago, they charged him with setting up merchant services, quickly followed by a commercial card program.

ICBA Statement on FDIC Proposal to Raise Deposit Insurance Assessment Rates

Jun 21, 2022 | Press Release
ICBA and the nation’s community banks are closely reviewing today’s FDIC proposal to amend its Deposit Insurance Fund Restoration Plan by increasing deposit insurance assessment rates by 2 basis points on all insured depository institutions.

Credit union terminates purchase of Ga. community bank

Jun 17, 2022
VyStar Credit Union in Jacksonville, Fla., terminated its bid to acquire Heritage Southeast Bank in Jonesboro, Ga., after failing to win regulatory approval.

Committee reschedules ILC, overdraft markup

Jun 17, 2022 | NewsWatch Today
The House Financial Services Committee rescheduled for next week its markup of several key bills after postponing it earlier this week. The markup is now set to start at 10 a.m. (Eastern time) this Wednesday, June 22.

Agencies release 2021 HMDA data

Jun 17, 2022 | NewsWatch Today
The Federal Financial Institutions Examination Council released 2021 Home Mortgage Disclosure Act data for 4,338 U.S. financial institutions.

CFPB gathering overdraft data for regulatory follow-up

Jun 17, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau said it intends to use information it is gathering from financial institutions on their overdraft practices to identify institutions for further regulatory review.

ICBA Provides Tips for Preventing Elder Financial Abuse

Jun 14, 2022 | Press Release
June 15 is World Elder Abuse Awareness Day, and the Independent Community Bankers of America and its Senior Housing Crime Prevention Foundation subsidiary are providing tips for preventing the disturbing trend of elder financial abuse.

Credit union grassroots key with House committee meeting today

Jun 13, 2022 | NewsWatch Today
With the House Rules Committee meeting today to advance legislation to further empower credit unions, ICBA continues calling on community bankers to urge their lawmakers to oppose the bill.

ICBA concludes blog series on stablecoin collapse

Jun 13, 2022 | NewsWatch Today
ICBA concluded its new series of blog posts on the collapse of the TerraUSD stablecoin with a post focusing on its impact on community banks and the regulatory debate.

House committee markup in focus this week

Jun 13, 2022 | NewsWatch Today
Tomorrow’s House Financial Services Committee markup will drive the week on Capitol Hill. The panel will consider an ICBA-supported bill to close the industrial loan company loophole and ICBA-opposed legislation on overdraft, payments, and small-business regulations.

Op-ed targets credit union acquisitions ahead of committee votes

Jun 10, 2022 | NewsWatch Today
Congress should join the growing number of states fighting back against credit union acquisitions of community banks, ICBA President and CEO Rebeca Romero Rainey says in a new op-ed.

Hsu: CRA update supports MDIs, CDFIs

Jun 10, 2022 | NewsWatch Today
The proposed update to Community Reinvestment Act regulations incentivizes banks to support minority depository institutions and community development financial institutions, Acting Comptroller of the Currency Michael Hsu said.

ICBA continues blog series on stablecoin collapse

Jun 10, 2022 | NewsWatch Today
ICBA continued its new series of blog posts on the collapse of the TerraUSD stablecoin and its broader impact.

ICBA leading push on ILC, overdraft, credit union bills

Jun 9, 2022 | NewsWatch Today
With several key community banking policy issues coming up for a vote in the coming days, ICBA is urging community bankers to speak out while it engages lawmakers in Washington.