ICBA urging grassroots outreach on cannabis banking bill

Nov 30, 2022 | NewsWatch Today
ICBA is calling on community bankers to urge their members of Congress to pass legislation before year-end that would establish a cannabis banking safe harbor in states where cannabis is legal.

Senate Finance chair questions crypto exchanges following FTX failure

Nov 30, 2022 | NewsWatch Today
Washington continued to escalate its response to instability in the crypto sector as the Senate Finance Committee’s chairman questioned leading crypto exchanges on their consumer protections.

ICBA to CFPB: Promote mortgage refinancing by reducing reg burdens

Nov 30, 2022 | NewsWatch Today
ICBA responded to a Consumer Financial Protection Bureau request for information on encouraging residential mortgage loan refinances by calling on the bureau to reduce unnecessary compliance burdens for community banks.

CFPB issues annual adjustment for file disclosure charges

Nov 28, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau issued a final rule with its annual adjustment to the maximum amount consumer reporting agencies may charge consumers for making a file disclosure to a consumer under the Fair Credit Reporting Act.

ICBA pressing cannabis banking, other priorities as Congress returns

Nov 28, 2022 | NewsWatch Today
With Congress returning to Washington this week for the final leg of the lame-duck session, ICBA is pushing several key legislative priorities and calling on community bankers to weigh in with lawmakers via ICBA’s Be Heard grassroots action center.

ICBA post-election briefing next week

Nov 28, 2022 | NewsWatch Today
ICBA next week is hosting a complimentary post-election briefing on the midterm election results and pending regulatory actions affecting community banks.

Living will deficiencies at Citi as regulators push more stringent approach

Nov 28, 2022 | NewsWatch Today
The FDIC and Federal Reserve released results of their review of the resolution plans of the eight largest and most complex U.S. banks, finding shortcomings only in Citigroup’s living will.

Proposed Changes to FDIC Supervisory Appeals System Fall Short of Progress

Nov 22, 2022 | Press Release
The FDIC has proposed changes to its new supervisory appeals structure aimed at increasing its independence, but the system still requires significant overhauls to preserve banks’ due process rights, ICBA and other groups said.

Revamped podcast explores future of ICBA ThinkTECH

Nov 22, 2022 | NewsWatch Today
ICBA released the latest episode of its newly revamped podcast: “Independent Banker: A Community Banking Podcast from ICBA.”

DOJ announces arrests in $575M crypto fraud

Nov 22, 2022 | NewsWatch Today
The Justice Department announced the arrest of two Estonian citizens for their alleged involvement in a $575 million cryptocurrency fraud and money-laundering conspiracy.

Op-ed: Crypto response must protect banking system stability

Nov 22, 2022 | NewsWatch Today
The collapse of the FTX cryptocurrency exchange is a predictable example of the serious risks that digital assets pose, and policymakers should ensure new policies directed at the sector fully reflect its risks, ICBA President and CEO Rebeca Romero Rainey wrote in a new op-ed.

Regulators investigating FTX crypto exchange amid liquidity crisis: report

Nov 10, 2022 | NewsWatch Today
Federal regulators are reportedly investigating cryptocurrency exchange FTX amid concerns of a liquidity crisis at the company and fallout on the rest of the crypto sector.

Lawmakers push Durbin Amendment expansion in must-pass bills

Nov 10, 2022 | NewsWatch Today
ICBA continues urging community bankers to speak out against a bill to expand on the Durbin Amendment as lawmakers seek to advance the measure during the lame-duck session.

Senate’s Warren continues push for bank data on Zelle fraud

Nov 10, 2022 | NewsWatch Today
Sen. Elizabeth Warren (D-Mass.) this week sent letters to Wells Fargo and Early Warning Services—the parent company of the Zelle peer-to-peer payment platform—criticizing their response to her recent report on P2P fraud.

ICBA’s Romero Rainey: We Look Forward to Working with Election Winners on Community Bank Policies

Nov 9, 2022
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey today issued the following statement on the 2022 elections.

ICBA continues interchange push as lawmakers pursue must-pass bills

Nov 9, 2022 | NewsWatch Today
ICBA continues urging community bankers to speak out against a bill to expand on the Durbin Amendment as lawmakers seek to advance the measure during the lame-duck session.

Crypto acquisition amid liquidity scare reflects market turmoil

Nov 9, 2022 | NewsWatch Today
Cryptocurrency exchange Binance announced an agreement to buy rival FTX amid reports of a liquidity crisis at the company, renewing concerns about volatility in the crypto sector.

ICBA Bancard: Supporting Your Digital Payments Transformation Journey

Nov 8, 2022 | Bancard Confidential
Digital transformation is a hot topic and a broad concept. It's hard to go a day without hearing a related buzz word (e.g., digital transformation, digital journey, digitization, digital capabilities, digital roadmap) and related article on how to do it, why it's important, or what to focus on first.

Digital Payments Fraud: New Conveniences, New Opportunities for Fraudsters

Nov 8, 2022 | Bancard Confidential
Though consumers have embraced ACH and wire transfers as essential ways to pay and move money, digital tools have increasingly become popular payment methods for consumers due to their convenience and speed.

The Emerging Influence of Open Banking

Nov 8, 2022 | Bancard Confidential
One of fintech companies’ most disruptive influences is not necessarily taking away primary deposit relationships, it’s how they motivate consumers to pick and choose apps for all kinds of services.