New compliance note on sanctions-related self-disclosures

Jul 27, 2023 | NewsWatch Today
The Treasury, Commerce, and Justice departments issued a joint compliance note focusing on voluntary self-disclosure policies that apply to U.S. sanctions, export controls, and other national security laws.

Romero Rainey: ICBA support for special assessment exemplifies its mission

Jul 26, 2023 | NewsWatch Today
ICBA’s support for the FDIC’s proposed special assessment exemption for community banks illustrates its unique mission, ICBA President and CEO Rebeca Romero Rainey wrote in a new blog post.

Committee slated to vote tomorrow on blocking 1071 rule

Jul 26, 2023 | NewsWatch Today
With the House Financial Services Committee slated to take up an ICBA-advocated resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA called on the committee to pass the measure.

Same Day ACH continues expansion

Jul 26, 2023 | NewsWatch Today
The value of Same Day ACH payments grew 51.7% in the first half of 2023 from a year earlier, while payments volume rose 13.7%, Nacha reported.

80% of FDIC special assessment comment letters from community bankers

Jul 25, 2023 | NewsWatch Today
Community bankers responded in force to ICBA’s grassroots advocacy campaign supporting the FDIC’s proposal to exempt community banks under $5 billion in assets from its special assessment.

ICBA polling campaign on interchange bill running this week

Jul 25, 2023 | NewsWatch Today
With Sens. Richard Durbin (D-Ill.) and Roger Marshall (R-Kan.) working to attach credit card routing restrictions to the National Defense Authorization Act, ICBA this week is promoting its new polling results showing voters oppose the policy change.

Fed’s Barr: Fair lending oversight needs to adapt to technological change

Jul 24, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau issued its fair lending annual report to Congress describing its fair lending enforcement priorities and statistics.

As Lawmakers Push to Include Credit Card Restrictions in Defense Bill, New ICBA Polling Shows Voter Opposition

Jul 23, 2023 | Press Release
With Sens. Richard Durbin (D-Ill.) and Roger Marshall (R-Kan.) working to attach their controversial credit card routing restrictions to the pending National Defense Authorization Act, the Independent Community Bankers of America (ICBA) today released new polling results showing voters oppose the policy change.

ICBA Urges FDIC to Finalize Special Assessment Rule as Proposed

Jul 21, 2023 | Press Release
ICBA said it strongly and emphatically supports the Federal Deposit Insurance Corporation’s proposed rule to exempt community banks with less than $5 billion in uninsured deposits from its special assessment following the failures of Silicon Valley Bank and Signature Bank of New York.

Community banker cautions Congress on deposit insurance reform

Jul 21, 2023 | NewsWatch Today
ICBA community banker Thomas Fraser—CEO of First Mutual Holding Co. in Lakewood, Ohio—testified on deposit insurance reform before the Senate Banking Committee on behalf of his banks.

Court ruling opens door to more legal disputes over debts

Jul 21, 2023 | NewsWatch Today
A U.S. appeals court this week issued a decision that widens the avenue for consumers to challenge their debt under the Fair Credit Reporting Act.

ICBA Commends Federal Reserve for FedNow Launch

Jul 20, 2023 | Press Release
The Independent Community Bankers of America (ICBA) today commended the Federal Reserve for its launch of the FedNow Service, the Fed’s instant payment service that ICBA has staunchly advocated for years.

ICBA Commends Senate Small Business Committee for Advancing Legislation Addressing SBA 7(a) Changes

Jul 19, 2023 | Press Release
The Independent Community Bankers of America (ICBA) today commended the Senate Small Business Committee for advancing legislation to address ICBA-opposed Small Business Administration changes to its 7(a) small-business loan program.

With Bipartisan ACRE Act Introduced in Senate, ICBA Polling Shows Strong Support Among Voters

Jul 19, 2023 | Press Release
Following today’s Senate introduction of bipartisan legislation to support farmers, ranchers, and rural homeowners, the Independent Community Bankers of America (ICBA) released new polling conducted by Morning Consult showing broad support for the legislation.

ICBA, groups oppose effort to tie credit card bill to defense legislation

Jul 17, 2023 | NewsWatch Today
ICBA and other financial services groups expressed strong opposition to an attempt to advance credit card routing restrictions via this year’s National Defense Authorization Act, while ICBA continues its grassroots campaign against the measure.

ICBA: Community banks not ‘furnishers’ under fair credit law

Jul 17, 2023 | NewsWatch Today
Community banks should not be classified as data furnishers when data brokers obtain consumer information from a bank, ICBA told the Consumer Financial Protection Bureau.

CRA Partners Launches Forum for Community Bank CRA Professionals

Jul 13, 2023 | Press Release
CRA Partners, an ICBA affiliate, today announced the formation of CRA Collaborative, a peer group that provides community bankers with opportunities to engage in discussion around Community Reinvestment Act related topics.

CFPB: Most consumer complaints target credit reports

Jul 12, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau said more than three-quarters of its consumer complaints in 2022 focused on credit or consumer reporting, primarily related to inaccurate information on consumer credit reports.

ICBA launches online community for members

Jul 12, 2023 | NewsWatch Today
ICBA announced the launch of ICBA Community—an online platform that provides professional networking and discussion opportunities exclusively for community bankers.

ICBA, state associations urge opposition to credit card routing bill

Jul 12, 2023 | NewsWatch Today
ICBA and 44 state community banking associations called on members of Congress to oppose the Credit Card Competition Act (S. 1838/H.R. 3881) while ICBA continues its grassroots campaign against the measure.