FinCEN issues final rule on beneficial ownership reporting

Sep 30, 2022 | NewsWatch Today
The Financial Crimes Enforcement Network issued a final rule establishing a beneficial ownership information reporting requirement.

Wayne Miller Named SVP, Innovation Programs as ICBA Brings ThinkTECH Accelerator Program In-House

Sep 29, 2022 | Press Release
The Independent Community Bankers of America (ICBA) today announced Wayne Miller will join ICBA as senior vice president, innovation programs, effective October 17.

As Hurricane Ian makes landfall, ICBA offers community bank resources

Sep 29, 2022 | NewsWatch Today
With Hurricane Ian making landfall in Florida as a Category 4 hurricane, ICBA offers updates on its Hurricane Preparedness resource center.

Gruenberg: Community banks lead during downturns

Sep 29, 2022 | NewsWatch Today
FDIC Acting Chairman Martin Gruenberg reiterated his recent remarks that community banks have an outsized role in lending during times of distress and providing equitable access to financial services.

Fed’s Bowman: Credit union acquisitions indicate need for merger rethink

Sep 29, 2022 | NewsWatch Today
Federal Reserve Governor Michelle Bowman said the increase in credit union acquisitions of taxpaying community banks indicates regulators should rethink how they evaluate bank mergers.

Gooden-Welch Bill Prioritizes Big Box Retailers over Consumers

Sep 27, 2022 | Press Release
ICBA and other groups today sent a letter to House leaders warning that pending interchange legislation would reduce access to credit, increase security risks associated with credit card use, and limit credit card rewards programs.

ICBA Brings Successful ThinkTECH Accelerator Innovation Program In-house

Sep 27, 2022 | Press Release
The Independent Community Bankers of America (ICBA) today announced plans to bring its award-winning, community banker-led ThinkTECH Accelerator program in-house with a new, dedicated office based in the innovation hub of Atlanta.

ICBA offers hurricane resources as Ian approaches

Sep 27, 2022 | NewsWatch Today
ICBA updated its Hurricane Preparedness resource center with the latest on Hurricane Ian. With Ian on pace to make landfall with the west coast of Florida early Friday, the page offers community bankers tools to help weather the storm.

CFPB ending no-action-letter, sandbox policies

Sep 27, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau is allowing its ICBA-supported policies on no-action letters and compliance assistance sandboxes to expire, cementing the agency’s transition away from Office of Innovation programs.

States demand crypto lender cease interest-bearing accounts

Sep 27, 2022 | NewsWatch Today
Several states announced cease-and-desist actions against cryptocurrency lender Nexo alleging that its interest-bearing accounts function as an unlicensed security.

ICBA urging grassroots messages opposing Durbin Amendment expansion

Sep 23, 2022 | NewsWatch Today
With ICBA-opposed legislation to expand on the Durbin Amendment now introduced in both the House and Senate, ICBA is calling on community bankers to continue the grassroots campaign against the anti-consumer bill.

Report on bank compensation survey now available

Sep 23, 2022 | NewsWatch Today
The 2022 Crowe Bank Compensation Survey Report—which provides insights on compensation, human resources, and benefits—is now available for purchase.

CFPB looks to spur automated mortgage refinancing, forbearance

Sep 23, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau requested feedback on ways to spur new mortgage products that streamline and automate loan refinancing.

Nacha announces framework to fight credit-push fraud

Sep 23, 2022 | NewsWatch Today
Nacha released a new strategy for payments industry participants to address scams that deceive consumers into sending payments to fraudsters under false pretenses.

ICBA urges House to reject Durbin Amendment expansion

Sep 22, 2022 | NewsWatch Today
ICBA told House leaders it strongly opposes the Credit Card Competition Act of 2022 (H.R. 8874), controversial legislation to create new credit card routing mandates that expand on Durbin Amendment interchange restrictions.

Fed raises rates as projections reflect impact

Sep 22, 2022 | NewsWatch Today
The Federal Open Market Committee raised the federal funds rate target by another 75 basis points and released updated projections reflecting the impact of its campaign against inflation.

Treasury announces Emergency Capital Investment Program recipients

Sep 22, 2022 | NewsWatch Today
The Treasury Department announced that it has made over $8.28 billion of investments in 162 community financial institutions across the country through the Emergency Capital Investment Program.

ICBA Strongly Opposes Gooden-Welch Credit Card Bill

Sep 20, 2022 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the House introduction of the Credit Card Competition Act.

As feds report on digital assets, ICBA poll suggests consumer skepticism

Sep 19, 2022 | NewsWatch Today
Following the Biden administration’s release of reports on digital assets policy, ICBA released new polling conducted by Morning Consult indicating consumers support a regulatory framework for digital assets and are skeptical of the creation of a U.S. central bank digital currency.

Article, campaign spotlight harmful impact of Durbin Amendment expansion

Sep 19, 2022 | NewsWatch Today
ICBA-opposed legislation to create new credit card routing mandates that expand on Durbin Amendment payments interventions would dramatically affect credit card rewards programs, according to a new report from The Points Guy.