ICBA requests comment extension on overtime proposal

Sep 27, 2023 | NewsWatch Today
ICBA and other groups asked the Labor Department to extend by 60 days the comment period on its proposal to increase the number of employees who are entitled to overtime compensation.

Senate preps for vote on resolution to reverse 1071 rule

Sep 27, 2023 | NewsWatch Today
With the Senate set to act as soon as this week on a resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA is urging community bankers to urge their senators to support the measure.

Fed joins crackdown on re-presented transactions

Sep 26, 2023 | NewsWatch Today
The Federal Reserve has joined the FDIC and OCC in targeting how banks treat single items that are repeatedly rejected for insufficient funds.

Introducing ICBA Payments’ New Chairman: Ruth Christopher

Sep 25, 2023 | Payments Pulse
When she launched her career as a certified public accountant (CPA), Ruth Christopher wasn’t necessarily envisioning a role at a community bank. But after a few years at a regional CPA firm, a partner encouraged her to apply as an internal auditor at one of their client banks, Citizens Bank of Las Cruces, N.M.

Branding on Purpose

Sep 25, 2023 | Payments Pulse
There’s been a lot of chatter lately about brand power and how brand drives an organization’s outward expression of its mission and values by being at the heart of great client and employee experiences.

Unlock Your Portfolio’s Potential with Credit Card Marketing

Sep 25, 2023 | Payments Pulse
Marketing programs are critical to portfolio health and expansion. The key to success is simple: get started and take action! The steps below should help you start your journey.

Rethinking Merchant Services

Sep 25, 2023 | Payments Pulse
Banks have traditionally relied on interest income from loans and deposits, but non-traditional financial services companies are providing competition for these core products. To survive long term, banks must find alternative revenue streams and recognize the demand for innovative products and services.

Mid-year Checkpoint on Digital Payments Transformation

Sep 25, 2023 | Payments Pulse
With over half of 2023 now firmly in the rearview mirror, we’re hoping community banks have put our digital payments transformation resources (icba.org/digital-transformation) to good use—leveraging our whitepaper and workbook to refresh (or create) a digital payments strategy and accompanying roadmap.

Grassroots urgent as Senate prepares to act on 1071 reversal

Sep 25, 2023 | NewsWatch Today
With the Senate set to act as soon as this week on a resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA is urging community bankers to urge their senators to support the measure.

Key stakeholders join opposition to credit card routing bill

Sep 25, 2023 | NewsWatch Today
A key member of the House along with major airlines and transportation unions last week announced their opposition to legislation that would impose credit card routing restrictions, which ICBA continues urging community bankers to speak out against.

SBA Advocacy roundtables on new overtime proposal

Sep 25, 2023 | NewsWatch Today
The Small Business Administration’s Office of Advocacy this week is hosting roundtable discussions on the Labor Department’s proposal to increase the number of employees who are entitled to overtime compensation. Banks with less than $850 million in assets—which are defined as small businesses by the SBA—are invited to join.

Fed’s Bowman urges community banks to weigh in on agency rulemakings

Sep 25, 2023 | NewsWatch Today
Federal Reserve Governor Michelle Bowman encouraged community bankers to provide feedback on agency rulemakings.

ICBA opposing latest effort to advance credit card routing bill

Sep 22, 2023 | NewsWatch Today
ICBA continues calling on community bankers to urge their senators to oppose legislation that would impose credit card routing restrictions amid renewed efforts to attach it to government funding measures.

CFPB outlines proposals to remove medical bills from credit reports

Sep 22, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau said it is beginning a rulemaking process to remove medical bills from Americans’ credit reports.

FDIC’s Hill cites credit unions in discussion of bank merger review

Sep 22, 2023 | NewsWatch Today
If the FDIC reopens its policies on bank mergers, it should consider competition from credit unions and other nonbank institutions that perform bank-like functions, FDIC Vice Chairman Travis Hill said.

Consumer groups press CFPB for arbitration crackdown

Sep 22, 2023 | NewsWatch Today
Several consumer groups recently petitioned the Consumer Financial Protection Bureau for a rulemaking on pre-dispute arbitration.

ICBA Commends House Committee Passage of Bill Barring Creation of U.S. Central Bank Digital Currency

Sep 20, 2023 | Press Release
The Independent Community Bankers of America (ICBA) today commended the House Financial Services Committee for passing ICBA-advocated legislation to restrict the ability of the federal government to introduce a U.S. central bank digital currency.

CFPB issues guidance on credit denials by lenders using AI

Sep 20, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau issued guidance about certain legal requirements that lenders must adhere to when using artificial intelligence and other complex models.

ICBA ThinkTECH Accelerator Alum Chimney Wins “Best of Show” Honors at FinovateFall 2023

Sep 19, 2023 | Press Release
The Independent Community Bankers of America (ICBA) celebrates this year’s FinovateFall 2023 Best of Show winner, Chimney, a member of the 2022 ICBA ThinkTECH Accelerator cohort.

Another court rules against CFPB’s 1071 rule

Sep 18, 2023 | NewsWatch Today
Another federal district court has ruled that the Consumer Financial Protection Bureau may not enforce its Section 1071 small-business rule until the Supreme Court rules on the constitutionality of the bureau’s funding structure.