ICBA Supports House Passage of SAFE Banking Act

Apr 19, 2021 | Press Release
The Independent Community Bankers of America issued a statement on the bipartisan House passage of the H.R. 1996, which would establish a safe harbor from federal sanctions for financial institutions that serve cannabis-related businesses in states where cannabis is legal.

ICBA Advances Community Banking Policy Priorities

Apr 19, 2021 | Press Release
The Independent Community Bankers of America (ICBA) today released its legislative and regulatory priorities to help these local lenders continue to meet the needs of local communities.

ICBA backs bill promoting de novo bank formation

Apr 16, 2021 | NewsWatch Today Article
ICBA voiced its support for new legislation by Rep. Andy Barr (R-Ky.) to kickstart the economic recovery in underserved areas by easing regulations that hinder de novo bank formation.

FDIC launches campaign promoting financial inclusion

Apr 16, 2021 | NewsWatch Today Article
The FDIC launched a public awareness campaign supporting financial empowerment to educate consumers about the benefits of opening a bank account to gain access to safe, low-cost financial products.

Same Day ACH volume increased 88%, passes 1 billion mark

Apr 16, 2021 | NewsWatch Today Article
ACH Network volume soared in the first quarter—increasing by 11.2 percent to 7.1 billion payments in compared to the first quarter of 2020 and setting two new records, Nacha reported.

FS-ISAC Coronavirus Update, April 16, 2021

Apr 16, 2021 | Coronavirus Update
The seven-day average of US daily new coronavirus infections is 71,282, according to Johns Hopkins University data, up 8% from one week ago, and overall cases are rising in 33 states and Washington, D.C.

CISA - Critical Infrastructure Hurricane Response During a Pandemic

Apr 14, 2021 | Sector Calls
The Cybersecurity and Infrastructure Security Agency (CISA) invites you to participate in a webinar discussion on its role and resources in annual hurricane preparedness.

Blog: ThinkTECH Accelerator tripled number of bank participants

Apr 14, 2021 | NewsWatch Today Article
After 12 fully immersive weeks and hundreds of meetings with industry stakeholders, the ICBA ThinkTECH Accelerator 2021 cohort revealed a glimpse into the future of high-tech, high-touch solutions tailored for community banks and their customers.

Fed outlines vision, key pillars for FedNow Service

Apr 14, 2021 | NewsWatch Today Article
Federal Reserve Bank Chief Innovation Officer Dan Anthony will outline the agency’s technology strategy and next steps in preparation for the rollout of its FedNow Service during a 90-minute webinar next month.

CFPB reaches settlement with Settlelt

Apr 14, 2021 | NewsWatch Today Article
The Consumer Financial Protection Bureau announced a settlement with Settlelt over allegations that it engaged in unfair acts and practices. The complaint alleges that the company failed to disclose its relationship to certain creditors.

FS-ISAC Coronavirus Update, April 14, 2021

Apr 14, 2021 | Coronavirus Update
More than two dozen states reacted quickly to Tuesday’s announcement by the Food and Drug Administration and the Centers for Disease Control and Prevention regarding the Johnson & Johnson vaccine, pausing injections while officials review the reports of blood clots.

Visa U.S. Economic Outlook (April 2021)

Apr 13, 2021 | News
Over the last month, the contours of growth for 2021 came into sharper focus. Nonfarm employment rose by 916,000 in March, while consumer confidence hit its highest mark since the start of the pandemic.

ICBA comments on computer security incident notification requirement

Apr 13, 2021 | NewsWatch Today Article
ICBA submitted a comment letter in response to a notice of proposed rulemaking requiring banks to notify their primary federal regulator within 36 hours of a computer-security incident.

Powell talks economy, digital currencies

Apr 13, 2021 | NewsWatch Today Article
Federal Reserve Chairman Jerome Powell said the economy is at an “inflection point” and could experience rapid growth upwards of 6 percent or 7 percent this year in an interview on CBS’ 60 Minutes.

Biden to nominate national cyber director and CISA director

Apr 13, 2021 | NewsWatch Today Article
President Joe Biden announced his intent to nominate Chris Inglis as National Cyber Director and Jen Easterly as the Director of the Cybersecurity and Infrastructure Agency.

FS-ISAC Coronavirus Update, April 13, 2021

Apr 13, 2021 | Coronavirus Update
The US reported an 8% rise in new cases to 490,000 last week, the fourth week in a row that infections have increased, according to a Reuters analysis of state and county data released Monday.

Agencies issue joint statement on BSA/AML compliance

Apr 12, 2021 | NewsWatch Today Article
Federal regulators issued a joint statement addressing how risk management principles in “Supervisory Guidance on Model Risk Management” relate to banking systems or models designed for Bank Secrecy Act compliance.

FDIC seeks input on modernizing sign, ad rules

Apr 12, 2021 | NewsWatch Today Article
The FDIC said it is seeking input on potentially modernizing its sign and advertising requirements related to FDIC deposit insurance to better reflect how banks and consumers operate.

ICBA to USDA: Ensure loan payoffs don’t harm lenders, purchasers

Apr 12, 2021 | NewsWatch Today Article
ICBA called on the USDA to ensure lenders are compensated for lost income as it prepares to pay off direct and guaranteed farm loans held by Socially Disadvantaged Farmers and Ranchers.

Fed issues ‘synthetic identity fraud’ definition

Apr 9, 2021 | NewsWatch Today Article
The Federal Reserve issued a recommended definition of “synthetic identity fraud” after convening an industry group.