ICBA, Community Bankers of Georgia Urge FDIC to Reject Credit Union Merger Proposal

May 14, 2021 | Press Release
ICBA and The Venture Center today announced a series of curriculum-driven events as part of its expanded ICBA ThinkTECH initiative. The ICBA ThinkTECH Innovation Series focuses on emerging technologies that have the potential to positively impact the community banking industry.

FI Works Announces Partnership with First Community Bank & Trust

May 14, 2021 | Industry News From Corporate Members

ICBA urges OCC to block sale of mutual bank’s assets to credit union

May 12, 2021 | NewsWatch Today Article
ICBA's Mutual Council and America’s Mutual Banks urged the OCC to suspend the sale of Brainerd Savings and Loan Association assets to Wings Financial Credit Union until all freedom of information requests have been considered.

FS-ISAC Coronavirus Update, May 12, 2021

May 12, 2021 | Coronavirus Update
The rate of new Covid cases in the US fell to an average of 38,800 per day Monday, according to data compiled by Johns Hopkins University, the first time daily case counts have been below 40,000 since September.

ICBA, The Venture Center Kick off Thought Leadership Series

May 12, 2021 | Press Release
ICBA and The Venture Center today announced a series of curriculum-driven events as part of its expanded ICBA ThinkTECH initiative. The ICBA ThinkTECH Innovation Series focuses on emerging technologies that have the potential to positively impact the community banking industry.

ICBA, ProfitStars Expand Preferred Service Provider Program with Information Security and Risk Management Solutions

May 11, 2021 | Press Release
The Independent Community Bankers of America today announced it has extended its Preferred Service Provider agreement with ProfitStars, a division of Jack Henry & Associates Inc., to include several risk management solutions.

Community Bank Guide to Managing Core Processor Relationships

May 10, 2021 | Case Study
For community banks looking to strike a balance between high-touch services and high-tech capabilities, selecting the right technology partner is more critical than ever. This decision is amplified when it comes to selecting a core processor.

ICBA to Serve as Strategic Advisor to JAM FINTOP Banktech Investment Fund

May 10, 2021 | Press Release
The Independent Community Bankers of America (ICBA) will serve as a strategic advisor for JAM FINTOP Banktech, a $150 million investment fund designed to help accelerate technology adoption at community banks.

Fed proposes changes to interchange regs

May 10, 2021 | NewsWatch Today Article
The Federal Reserve Board invited public comment on proposed changes to Regulation II (Debit Card Interchange Fees and Routing).

ARRC issues market indicators supporting LIBOR alternative

May 10, 2021 | NewsWatch Today Article
The Alternative Reference Rates Committee last week published market indicators it will consider in recommending a forward-looking Secured Overnight Financing Rate term rate to support the transition away from LIBOR.

ICBA to FinCEN: exempt banks from beneficial owner mandates

May 10, 2021 | NewsWatch Today Article
ICBA called on the Financial Crimes Enforcement Network to amend its customer due diligence rules and withdraw its requirement that banks collect beneficial ownership information.

ICBA continues support for ‘true lender’ rule

May 7, 2021 | NewsWatch Today Article
ICBA and other groups told Congress they oppose legislative efforts to repeal the OCC’s “true lender” rule. The OCC rule, which ICBA supported in a comment letter last year, creates a standard to determine when a bank is the “true lender” when partnering with a third party.

ICBA, groups urge OCC to withdraw CRA rule

May 7, 2021 | NewsWatch Today Article
ICBA and other groups this week called on the OCC to formally withdraw its Community Reinvestment Act rule or delay its January 2023 compliance date for at least two years.

FS-ISAC Coronavirus Update, May 7, 2021

May 7, 2021 | Coronavirus Update
Americans have entered a new, hopeful phase of the pandemic as the outlook has improved across the nation, with cases and hospitalizations at their lowest points in nearly seven months, and deaths from Covid-19 have not been this low since July.

ICBA Names Kristina Morris as Director of Innovation

May 6, 2021 | Press Release
ICBA announced today that Kristina Morris has joined as director of innovation. In this role Morris will work with the ICBA ThinkTECH Accelerator cohort, leading portfolio management activities and program development to support ICBA’s overall innovation strategy.

Fed proposes standards for accessing Fed accounts, payments system

May 6, 2021 | NewsWatch Today Article
The Federal Reserve Board proposed guidelines for evaluating requests for accounts with the Fed and access to the payments system, as advocated by ICBA.

Treasury extends MDI, CDFI program

May 6, 2021 | NewsWatch Today Article
The Treasury Department extended its program to invest in Minority Depository Institutions and Community Development Financial Institutions, as requested by ICBA.

IRS issues another 1.1M EIPs

May 6, 2021 | NewsWatch Today Article
The IRS said it is disbursing another 1.1 million Economic Impact Payments in the eighth batch under the American Rescue Plan.

FS-ISAC Coronavirus Update, May 6, 2021

May 6, 2021 | Coronavirus Update
The Small Business Administration said Wednesday that the Paycheck Protection Program has been exhausted, and as of Sunday, the PPP had given out nearly 10.8 million loans worth more than $780 billion since April of last year.

PPP general fund exhausted

May 5, 2021 | NewsWatch Today Article
The Paycheck Protection Program’s general fund was reportedly exhausted Tuesday ahead of the program’s May 31 authorization, though some PPP funds remain for certain loans and lenders.