ICBA issues summary on CFPB 1071 proposal

Sep 10, 2021 | NewsWatch Today
ICBA published a summary of the Consumer Financial Protection Bureau’s proposed rule to implement Dodd-Frank Section 1071 data collection and reporting requirements for small-business lending.

Community bank net income rises 28.7%

Sep 9, 2021 | NewsWatch Today
Community banks reported net income growth of 28.7% in the second quarter from the same period last year, according to the FDIC's Quarterly Banking Profile.

ICBA urges House panel to reject IRS monitoring plan

Sep 9, 2021 | NewsWatch Today
Ahead of a House Ways and Means Committee markup starting today, ICBA reiterated its opposition to any proposal that would require banks to report customer account information to the IRS.

ICBA issues position paper on climate change regulation

Sep 9, 2021 | NewsWatch Today
ICBA released a new position paper on the potential impact of new climate change regulations on community banks.

OCC proposes rescinding CRA rule

Sep 9, 2021 | NewsWatch Today
The OCC issued proposed rules to rescind its May 2020 Community Reinvestment Act rule and replace it with interagency rules adopted in 1995.

ICBA: Two-Thirds of Voters Oppose IRS Reporting Plan

Sep 7, 2021 | NewsWatch Today | Press Release
Two-thirds of voters (67%) oppose a proposal that would allow the IRS to collect bank account deposit and withdrawal information from American consumers, the Independent Community Bankers of America announced.

ICBA names National Community Bank Service Award recipients

Sep 3, 2021 | NewsWatch Today
ICBA announced winners of its 2021 National Community Bank Service Awards, which celebrate the outstanding service and creative volunteer efforts of the nation’s community banks.

IRS favors ICBA-opposed monitoring plan: report

Sep 3, 2021 | NewsWatch Today
The head of the IRS is advocating to Congress an ICBA-opposed proposal that would require banks to report their customers’ account information to the agency—underscoring the importance of ICBA’s consumer-facing campaign opposing the plan.

ICBA Talking Points on IRS Reporting Proposal

Sep 3, 2021 | News
ICBA has strongly objected to a Biden administration proposal that would require financial institutions to report information on customer bank accounts to the IRS.

ICBA Honors National Community Bank Service Award Recipients

Sep 2, 2021 | Press Release
The Independent Community Bankers of America today announced winners of its 2021 National Community Bank Service Awards, celebrating the outstanding service and creative volunteer efforts of the nation’s community banks.

ICBA testifies on need for simple PPP forgiveness

Sep 2, 2021 | NewsWatch Today
ICBA told Congress that the Paycheck Protection Program needs a simple, easy-to-use forgiveness process to ensure the program works as intended for small-business borrowers.

ICBA campaign against IRS monitoring striking a nerve

Sep 2, 2021 | NewsWatch Today
ICBA’s consumer-facing campaign opposing a proposal to require the IRS to monitor bank account information has struck a nerve with community bank customers.

CFPB issues 1071 proposed rule

Sep 2, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau issued a proposed rule to implement Dodd-Frank Section 1071, which requires the bureau to implement data collection and reporting requirements for small-business lending.

ICBA Statement on CFPB 1071 Proposed Rule

Sep 1, 2021 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Consumer Financial Protection Bureau proposed rule to implement Section 1071 of the Dodd-Frank Act.

ICBA Offers Financial Preparedness Tips to Help Speed Recovery Following a Natural Disaster

Sep 1, 2021 | Press Release
In recognition of National Preparedness Month in September, the Independent Community Bankers of America (ICBA) and the nation’s community bankers are offering tips to help Americans secure their financial documents before disaster strikes.

ICBA to Congress: PPP Forgiveness Should Be Straightforward

Sep 1, 2021 | Press Release
The Independent Community Bankers of America (ICBA) today told Congress that the Small Business Administration’s Paycheck Protection Program needs a simple, easy-to-use forgiveness process to ensure the program works as intended for small-business borrowers.

NetForum Patch Testing

Sep 1, 2021 | Industry News From Corporate Members

Community bank customers weigh in on IRS monitoring

Sep 1, 2021 | NewsWatch Today
Community bank customers have joined the industry in expressing opposition to the Biden administration’s proposal to require banks to report their customers’ account information to the IRS.

Treasury studying insurance sector climate risks

Sep 1, 2021 | NewsWatch Today
The Treasury Department said the Federal Insurance Office is requesting public comment on the insurance sector and climate-related financial risks.

Financial Times: Community banks ‘irreplaceable’ during pandemic

Aug 31, 2021 | NewsWatch Today
A new Financial Times article (paywall) reports on how community banks have been “irreplaceable” during the pandemic, including by leading the Paycheck Protection Program response.