Campaign on CFPB’s 1071 rule continues

Jun 1, 2023 | NewsWatch Today
With the House still planning to take up a resolution to nullify the Consumer Financial Protection Bureau’s Section 1071 data-collection rule, ICBA continues calling on community bankers to urge their members of Congress to support the measure.

Compensation survey deadline extended

Jun 1, 2023 | NewsWatch Today
The deadline to participate in the 2023 Crowe Financial Institutions Compensation and Benefits Survey has been extended to June 15.

ICBA urges second framework on harmonizing ISO 20022 requirements

Jun 1, 2023 | NewsWatch Today
ICBA called on a Bank for International Settlements panel to issue a second proposed framework on ISO 20022 harmonization requirements for enhancing cross-border payments.

TCM Bank Celebrates 25 Years of Service to Community Banks

May 30, 2023 | Press Release
ICBA Bancard®, the payments services subsidiary of the Independent Community Bankers of America (ICBA), announced that its credit card bank, TCM Bank, N.A., is celebrating its 25th anniversary this month.

Past innovations offer insights on instant payments: blog

May 24, 2023 | NewsWatch Today
A new blog post from ICBA Bancard President and CEO Tina Giorgio reviews the evolution of digital payments and lessons for the current conversation about instant payments.

Global securities watchdog proposes guidelines for crypto regulation

May 24, 2023 | NewsWatch Today
The International Organization of Securities Commissions published a consultation report with its proposed policy recommendations for regulating crypto markets as securities.

Compensation survey closes next week

May 24, 2023 | NewsWatch Today
Participating in the 2023 Crowe Financial Institutions Compensation and Benefits Survey is the first step to accessing bank compensation benchmarks and trends across 273 jobs.

Gruenberg: Efforts to expand banking access making an impact

May 24, 2023 | NewsWatch Today
FDIC research suggests that efforts to connect unbanked consumers to the banking system are having an effect, FDIC Chairman Martin Gruenberg said.

Bowman: Policy response to bank failures shouldn’t undermine tiered regulation

May 22, 2023 | NewsWatch Today
Policymakers should ensure the response to recent bank failures does not undermine regulatory tailoring and risk-based supervision, Federal Reserve Governor Michelle Bowman said.

Wholesale CBDC could speed cross-border payments: N.Y. Fed report

May 22, 2023 | NewsWatch Today
A wholesale central bank digital currency could enable faster, simultaneous, and safer cross-border payments, according to a new report from the Federal Reserve Bank of New York and the Monetary Authority of Singapore.

House panel meeting this week on FHFA, megabanks

May 22, 2023 | NewsWatch Today
While the Senate is not in session this week, the House Financial Services Committee has two hearings scheduled.

ICBA to Congress: SBA Should Pause 7(a) Rule

May 17, 2023 | Press Release
ICBA today told Congress that the Small Business Administration should pause new rules lifting the moratorium on the number of non-federally regulated institutions, including nonbank fintech companies, that can make loans under its 7(a) program.

CFPB issues small entity guide on 1071 rule

May 16, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau issued a small entity compliance guide on the bureau’s Section 1071 rule on small-business data collection and reporting.

ICBA Releases 2023 Community Banking Policy Resolutions

May 16, 2023 | Press Release
ICBA today released its legislative and regulatory policy objectives for 2023 during the ICBA Capital Summit. Developed and approved by ICBA volunteer community bankers, these resolutions will guide ICBA advocacy in the coming year and reflect its unique mission of creating and promoting an environment where community banks flourish.

As Community Bankers Gather in Nation’s Capital, Polling Confirms Growing Public Support for Local Banking

May 15, 2023 | Press Release
The Independent Community Bankers of America (ICBA) today is kicking off the 2023 ICBA Capital Summit in Washington with the release of new national and state-level polling data showing Americans in all 50 states have an increasingly favorable view of community banking.

ICBA-backed bill offering tax relief for rural lending introduced

May 12, 2023 | NewsWatch Today
ICBA expressed its strong support for the House introduction of legislation to exempt from taxation interest income on farm real estate and rural mortgage loans.

FHFA rescinds upfront fees based on debt-to-income ratio

May 12, 2023 | NewsWatch Today
The Federal Housing Finance Agency rescinded its previously announced upfront fees for certain borrowers with a debt-to-income ratio above 40%.

CFPB issues guidance on reopening closed deposit accounts

May 12, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau issued a circular affirming that banks might violate federal law if they unilaterally reopen a deposit account to process transactions after a consumer has already closed it.

ICBA Commends FDIC for Exempting Community Banks from Special Assessment

May 11, 2023 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Federal Deposit Insurance Corporation proposed rule on special assessments for the resolutions of Silicon Valley Bank and Signature Bank of New York.

ICBA Strongly Supports Bipartisan ACRE Act Offering Tax Relief for Rural Lending

May 10, 2023 | Press Release
The Independent Community Bankers of America (ICBA) today expressed its strong support for the House introduction of the Access to Credit for our Rural Economy (ACRE) Act (H.R. 3139) to support farmers, ranchers, and rural homeowners.