ICBA ThinkTECH alums earn Finovate honors

Sep 19, 2022 | NewsWatch Today
ICBA and The Venture Center recognized this year’s Finovate Fall 2022 Best of Show winners, LemonadeLXP and Quilo, both of which were 2022 ICBA ThinkTECH Accelerator participants.

As Feds Report on Digital Assets, New ICBA Polling Points to Consumer Skepticism with Crypto, CBDC

Sep 17, 2022 | Press Release
The Independent Community Bankers of America (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.

ICBA ThinkTECH Accelerator Alumni LemonadeLXP, Quilo Win “Best of Show” Honors at Finovate Fall 2022

Sep 16, 2022 | Press Release
The Independent Community Bankers of America (ICBA) and The Venture Center celebrate this year’s Finovate Fall 2022 Best of Show winners, LemonadeLXP and Quilo, both of which were members of the 2022 ICBA ThinkTECH Accelerator cohort.

CFPB planning standards for nonbank ‘buy now, pay later’ lenders

Sep 16, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau said it is developing consumer protections for “buy now, pay later” products similar to those that apply to credit cards.

ICBA urges National Flood Insurance Program extension

Sep 16, 2022 | NewsWatch Today
ICBA called on Congress to extend the National Flood Insurance Program authorization before it expires Sept. 30 to avoid further disruptions to the housing market.

House members urge SBA to change PPP loan forgiveness policy

Sep 16, 2022 | NewsWatch Today
A group of House members led by Rep. Chrissy Houlahan (D-Pa.) sent an ICBA-supported letter to the Small Business Administration calling for common-sense reform to Paycheck Protection Program loan forgiveness.

Senate bill would bar Fed from issuing CBDC

Sep 16, 2022 | NewsWatch Today
Sen. Mike Lee (R-Utah) introduced legislation to prohibit the Federal Reserve from issuing a central bank digital currency.

Cannabis banking co-sponsors in talks on compromise Senate bill

Sep 15, 2022 | NewsWatch Today
Lead co-sponsors of ICBA-advocated legislation to allow legal cannabis-related businesses to access banking services said they are working with key senators to advance the House-passed bill in the Senate.

CFPB: Credit report furnishers must investigate disputes

Sep 15, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau said the Fair Credit Reporting Act requires credit report furnishers to investigate potential inaccuracies in consumer credit reports.

Durbin Amendment expansion grassroots continues

Sep 15, 2022 | NewsWatch Today
Community bankers can continue using ICBA’s Be Heard grassroots action center to oppose legislation that would create new credit card routing mandates that expand on Durbin Amendment payments interventions.

Marketing Your Credit Card Program: A Community Bank in Alabama Weighs In

Sep 15, 2022 | Bancard Confidential
Ecommerce credit card spend is expected to surpass $500 billion in 2022 for the first time, according to insiderintelligence.com. Community bank marketers will need to be strategic in their outreach efforts, however, if they hope to capture a piece of the pie.

A Note from the Chairman - Bancard Amplifies Our Voices

Sep 15, 2022 | Bancard Confidential
From digital transformation to the ramp up to instant payments with FedNow and beyond, payments have become the hot topic du jour. However, as community banking executives, we’re juggling multiple balls in the air, and a laser focus on payments can be challenging.

Knowledge is Power – Turn Your Customers into Defenders

Sep 15, 2022 | Bancard Confidential
Falling victim to fraud or a scam can be an embarrassing and costly experience. According to a CNBC report published earlier this year, consumers reported fraud losses of more than $5.8 billion in 2021, with imposter fraud and investment scams leading the pack.

Marketing in the round: Using a 360-degree marketing strategy to reach today’s prospects

Sep 15, 2022 | Bancard Confidential
In the pre-digital age of marketing, connecting with potential new customers was relatively simple. Everyone watched the same TV channels, listened to the same radio stations, and read the same local newspapers.

Increase Credit Card Income with Comprehensive Marketing Programs

Sep 15, 2022 | Bancard Confidential
Card programs make significant contributions to banks’ revenue through interchange fees, interest charges on credit card balances, and balance transfer fees. Large financial institutions with deep pockets bombard consumers with card marketing campaigns to garner adoption and ideally gain top-of-wallet status.

Start simple: free marketing assets for community banks

Sep 15, 2022 | Bancard Confidential
There are several resources available to community bankers who want to market their credit or debit card program. Below are sites we recommend, which all house free marketing and educational materials to increase awareness and card usage.

FinCEN underestimating burden of info-sharing requests: ICBA

Sep 13, 2022 | NewsWatch Today
The Financial Crimes Enforcement Network underestimates the regulatory burden of information sharing requests between banks and law enforcement under the USA PATRIOT Act, ICBA told the agency.

OCC announces chief climate risk officer

Sep 13, 2022 | NewsWatch Today
The OCC announced the appointment of Yue (Nina) Chen as chief climate risk officer. Chen will lead the agency’s Office of Climate Risk and development of climate risk management frameworks for the federal banking system.

Farm Credit System reports favorable results despite headwinds

Sep 13, 2022 | NewsWatch Today
The Farm Credit Administration reported that tight labor markets, rising interest rates, a strong dollar, high energy prices, and drought conditions are creating uncertainty in rural economies and farm input prices—though the Farm Credit System is reporting favorable financial results.

FDIC Second-Quarter Deposit Data Show Proposed Assessment Rate Hike Not Needed

Sep 8, 2022 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the FDIC’s latest Quarterly Banking Profile.