ICBA Reviewing Fed Discussion Paper on U.S. Central Bank Digital Currency

Jan 21, 2022 | Press Release
Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on the Federal Reserve Board’s new discussion paper examining a potential U.S. central bank digital currency.

Fed issues long-awaited CBDC discussion paper

Jan 21, 2022 | NewsWatch Today
The Federal Reserve Board released a long-awaited discussion paper that examines the pros and cons of a potential U.S. central bank digital currency, or CBDC.

ACH Network volume rises 6.1% in Q4

Jan 21, 2022 | NewsWatch Today
ACH Network volume increased 6.1% in the fourth quarter of 2021 from a year earlier, Nacha reported.

CFPB to examine colleges’ in-house lending practices

Jan 20, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau said it will begin examining the operations of post-secondary schools, such as for-profit colleges, that extend private loans directly to students.

CFPB to focus on credit card market competition

Jan 20, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau said it is looking to ensure there is robust and fair competition in the credit card market as debt rises following pandemic declines.

House Republican joins ILC push as co-sponsor

Jan 20, 2022 | NewsWatch Today
ICBA-advocated legislation to close the industrial loan company loophole added a House Republican co-sponsor.

CFPB study: Depositories lead on supplier diversity

Jan 20, 2022 | NewsWatch Today
A Consumer Financial Protection Bureau study on diversity and inclusion in the financial services sector found depository lenders had the strongest showing in the area of supplier diversity.

Community Banks to Gather in San Antonio for ICBA LIVE 2022

Jan 20, 2022 | Press Release
Register today for the Independent Community Bankers of America’s national convention, ICBA LIVE 2022 — the largest, most comprehensive educational event for the nation’s community bankers.

Postal banking pilot lands just six sales: report

Jan 19, 2022 | NewsWatch Today
An ICBA-opposed U.S. Postal Service pilot program to test postal banking has served just six individuals since it quietly launched in September, according to a new report.

ICBA Announces Nominations for 2022-23 Board of Directors

Jan 18, 2022 | Press Release
ICBA today announced the nominees to serve on its 2022-23 board of directors. ICBA’s current board will vote on the nominations during ICBA LIVE 2022—the largest gathering of community banks in the country, which is scheduled for Feb. 27-March 3, 2022, in San Antonio.

Biden nominates three to round out Fed board

Jan 18, 2022 | NewsWatch Today
President Joe Biden announced three nominations to fill openings on the Federal Reserve Board.

FS-ISAC breaks down cyber incident reporting

Jan 18, 2022 | NewsWatch Today
The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary report details when and how to report cyber incidents to the federal government.

CFPB announces settlement on consumer task force

Jan 18, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau settled a lawsuit alleging that its Taskforce on Federal Consumer Financial Law did not comply with the Federal Advisory Committee Act.

Supreme Court blocks employer vaccine mandate

Jan 14, 2022 | NewsWatch Today
The Supreme Court blocked the Biden administration’s vaccine-or-test mandate for private companies with 100 or more employees.

OCC’s Hsu: Crypto regulation would support innovation

Jan 14, 2022 | NewsWatch Today
Acting Comptroller of the Currency Michael Hsu warned that stablecoins are at risk of experiencing the equivalent of a bank run and called for stricter regulation to promote stability.

New education session set for ICBA LIVE

Jan 13, 2022 | NewsWatch Today
ICBA introduced a new educational session for the Edge Stage at ICBA LIVE 2022, slated for Feb. 27-March 3 in San Antonio.

Congressional pushback on SBA direct lending continues

Jan 13, 2022 | NewsWatch Today
House Small Business Committee Ranking Member Blaine Luetkemeyer (R-Mo.) on Wednesday continued speaking out against ICBA-opposed efforts to authorize SBA direct lending under its 7(a) loan program.

ICBA Names Nicole Neumann Assistant Vice President of Member Relations

Jan 12, 2022 | Press Release
The Independent Community Bankers of America today announced the hire of Nicole Neumann as assistant vice president of member relations.

Emerging leader nominations now open

Jan 12, 2022 | NewsWatch Today
ICBA Independent Banker opened nominations for its 2022 “40 Under 40: Emerging Community Bank Leaders” awards

FDIC, FinCEN hosting digital identity tech sprint

Jan 12, 2022 | NewsWatch Today
The FDIC and Financial Crimes Enforcement Network announced a tech sprint to develop solutions that will help financial institutions and regulators measure the effectiveness of digital identity proofing.