Joint Trades Statement on CFPB Request for Information on Fees

Jan 26, 2022 | Press Release
The following statement was issued by the American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Credit Union National Association, Financial Services Forum, Independent Community Bankers of America, National Association of Federally-Insured Credit Unions and National Bankers Association today after the CFPB announced a new Request for Information on fees.

ICBA-CISA launching series of cybersecurity exercises

Jan 26, 2022 | NewsWatch Today
ICBA and the Cybersecurity and Infrastructure Security Agency are hosting a first-of-its-kind series of exercises in February and March to support community bank cybersecurity.

ThinkTECH Accelerator cohort increasingly competitive: blog

Jan 26, 2022 | NewsWatch Today
The ICBA ThinkTECH Accelerator cohort continues to demonstrate an increasing understanding of community banking and their challenges and opportunities, ICBA’s Charles Potts writes in a new blog post.

FinCEN proposes SAR-sharing pilot program

Jan 25, 2022 | NewsWatch Today
The Financial Crimes Enforcement Network proposed establishing a limited-duration pilot program for sharing suspicious activity reports, in accordance with Section 6212 of the Anti-Money Laundering Act of 2020.

Feds revamp Child Tax Credit website

Jan 25, 2022 | NewsWatch Today
The federal government relaunched a revamped website—ChildTaxCredit.gov—to help taxpayers file their taxes and access the remainder or the full amount of the expanded Child Tax Credit.

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.