ICBA request for 1071 relief makes headlines

Aug 9, 2023 | NewsWatch Today
ICBA’s actions to challenge the Consumer Financial Protection Bureau's Section 1071 final rule and seek injunctive relief for community banks is making headlines.

FHFA responds to ICBA concerns with new credit score models

Aug 9, 2023 | NewsWatch Today
The Federal Housing Finance Agency said it is considering adjustments to its plan for transitioning Fannie Mae and Freddie Mac to new credit score models following outreach from ICBA and other groups.

Fed updates policy on supervising stablecoins, novel activities

Aug 9, 2023 | NewsWatch Today
The Federal Reserve Board released additional information on its program to supervise novel activities in the banks it oversees, including stablecoin activity.

OCC issues guidance on legal lending limit

Aug 9, 2023 | NewsWatch Today
The OCC issued guidance on the applicability of the legal lending limit to purchased loans.

ICBA requests 1071 relief in court filings, CFPB letter

Aug 7, 2023 | NewsWatch Today
As part of ICBA’s efforts to ensure a recent court decision granting temporary injunctive relief from the Consumer Financial Protection Bureau’s Section 1071 final rule applies to all community banks, ICBA on Friday filed a motion and complaint calling on the court to invalidate the final rule and enjoin the CFPB from enforcing it.

Agencies release report on top routinely exploited vulnerabilities

Aug 7, 2023 | NewsWatch Today
The Cybersecurity and Infrastructure Security Agency and other agencies issued a report on last year’s top routinely exploited vulnerabilities.

FDIC issues new cease-and-desist letter on deposit insurance claims

Aug 7, 2023 | NewsWatch Today
The FDIC issued a new letter demanding that a nonbank crypto entity cease making false or misleading representations about deposit insurance.

ICBA offers summary on large bank capital proposal

Aug 7, 2023 | NewsWatch Today
ICBA released a summary of a recently released interagency proposed rule to strengthen regulatory capital standards on large banks.

ICBA Urges Court and CFPB to Grant Relief from 1071 Small-Business Rule

Aug 4, 2023 | Press Release
The Independent Community Bankers of America (ICBA), the Independent Bankers Association of Texas (IBAT), and Texas First Bank today filed a motion and complaint calling on a federal court to declare that the Consumer Financial Protection Bureau’s Section 1071 final rule is invalid and unenforceable and seeking preliminary and permanent injunctive relief.

Independent Banker magazine wins 2023 Content Marketing Award for Top Association Publication

Aug 4, 2023 | NewsWatch Today
ICBA Independent Banker magazine was named the winning association publication in the 2023 Content Marketing Awards.

ICBA issues summary on large bank capital proposal

Aug 4, 2023 | NewsWatch Today
ICBA released a summary of a recently released interagency proposed rule to strengthen regulatory capital standards on large banks.

Minneapolis Fed: Higher rates affect least profitable ag producers most

Aug 4, 2023 | NewsWatch Today
A recent article from the Federal Reserve Bank of Minneapolis explains how higher interest rates affect the farm sector.

Regulators update BSA/AML exam manual

Aug 3, 2023 | NewsWatch Today
The Federal Financial Institutions Examination Council announced updated sections and related examination procedures in its Bank Secrecy Act/Anti-Money Laundering Examination Manual.

Romero Rainey: ICBA continues advocating community bank 1071 relief

Aug 2, 2023 | NewsWatch Today
ICBA is taking steps to ensure that a recent court decision granting temporary injunctive relief from the Consumer Financial Protection Bureau’s Section 1071 final rule applies to all community banks, ICBA President and CEO Rebeca Romero Rainey said in a message to ICBA members.

Fed survey: Plurality of banks seek to maintain current balance sheet size

Aug 2, 2023 | NewsWatch Today
Nearly one-third of respondents to a Federal Reserve survey of senior financial officers said their banks plan to take actions to maintain the current size of their balance sheets over the next six months.

Nonbank Figure withdraws OCC charter application

Aug 2, 2023 | NewsWatch Today
Figure Technologies, a nonbank consumer lender looking to expand into payments services, withdrew its application for a national bank charter.

CISA warns of Ivanti system vulnerabilities

Aug 2, 2023 | NewsWatch Today
Threat actors are exploiting vulnerabilities in the Ivanti Endpoint Manager Mobile device management system, according to a cybersecurity advisory from the Cybersecurity and Infrastructure Security Agency.

ICBA Names Faith Lutat Vice President of Member Relations

Jul 31, 2023 | Press Release
The Independent Community Bankers of America (ICBA) today announced the hire of Faith Lutat as vice present of member relations.

ICBA Commends House Committee for Passing Resolution to Nullify CFPB’s Small-Business Reporting Rule

Jul 28, 2023 | Press Release
The Independent Community Bankers of America (ICBA) today commended the House Financial Services Committee for advancing an ICBA-advocated resolution to nullify the Consumer Financial Protection Bureau’s Section 1071 small-business data collection and reporting requirements.

Nearly 1,000 ICBA Community members in first week

Jul 28, 2023 | NewsWatch Today
The numbers show this month’s launch of the ICBA Community online platform has been well-received by community bankers, ICBA’s Vanessa Hanson writes in a new blog post.