FASB to pursue further CECL improvements

Jul 16, 2021 | NewsWatch Today
The Financial Accounting Standards Board this week agreed to add a project to its technical agenda to investigate the suspension of troubled debt restructuring accounting for entities that have adopted the Current Expected Credit Losses accounting standard.

Child Tax Credit payments start today

Jul 15, 2021 | NewsWatch Today
The IRS today begins distributing Advance Child Tax Credit payments authorized by the American Rescue Plan.

CISA warns of Microsoft Print Spooler vulnerability

Jul 15, 2021 | NewsWatch Today
The Cybersecurity and Infrastructure Security Agency issued Emergency Directive 21-04 on mitigating a vulnerability in the Microsoft Windows Print Spooler service.

FDIC, CFPB update financial education curriculum

Jul 15, 2021 | NewsWatch Today
The FDIC and Consumer Financial Protection Bureau released an enhanced version of the Money Smart for Older Adults financial education curriculum.

Independent Banker Ranks Top Loan Performers

Jul 14, 2021 | Press Release
This month’s issue of Independent Banker, the award-winning magazine of the Independent Community Bankers of America (ICBA) and the number-one source for community banking news, spotlights Main Street’s top-producing lenders.

Agencies propose guidance on third-party relationships

Jul 14, 2021 | NewsWatch Today
Federal banking regulators proposed interagency guidance designed to help banks manage risks associated with third-party relationships, including those with fintech entities.

ICBA Minority Bank Advisory Council Opposes IRS Reporting Proposal

Jul 12, 2021 | Press Release
The Independent Community Bankers of America’s (ICBA) Minority Bank Advisory Council today expressed strong opposition to the Biden administration’s proposal that would require banks to report customer account information to the IRS.

ICBA, BPI Urge Federal Reserve to Clarify, Strengthen Guidelines for Fed Account Access

Jul 12, 2021 | Press Release
The Independent Community Bankers of America and Bank Policy Institute today called on the Federal Reserve to strengthen proposed guidelines for evaluating account and services requests.

Terri Howard Joins TCM Bank as Senior Vice President, People & Culture

Jul 12, 2021 | Press Release
TCM Bank, N.A., the credit card bank of ICBA Bancard®, which is the payments services subsidiary of the Independent Community Bankers of America, announced the hire of Terri Howard as senior vice president of people and culture.

ICBA minority bank council opposes IRS reporting plan

Jul 12, 2021 | NewsWatch Today
ICBA’s Minority Bank Advisory Council today is expressing strong opposition to the Biden administration’s proposal to require banks to report customer account information to the IRS.

White House directs tougher scrutiny of bank mergers

Jul 12, 2021 | NewsWatch Today
President Joe Biden directed the Justice Department and federal banking regulators to more closely scrutinize bank mergers and make it easier for customers to switch banks.

ICBA Bancard and Finzly Partner to Offer Instant Payments

Jul 9, 2021 | Press Release
ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America (ICBA), today announced a new partnership with Finzly to facilitate instant payments via Finzly’s Payment Galaxy.

Former NCUA official criticizes credit union bank purchases

Jul 9, 2021 | NewsWatch Today
A former National Credit Union Administration official this week raised concerns over credit union acquisitions of community banks.

Congress pushes back on IRS reporting plan

Jul 9, 2021 | NewsWatch Today
House Ways and Means Committee Republicans issued a fact sheet pushing back on the Biden administration’s proposal to require banks to report customer account information to the IRS.

CFPB launches housing insecurity media toolkit

Jul 9, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau launched a digital media toolkit with resources for renters and mortgage borrowers who continue to struggle financially from the coronavirus pandemic.

ICBA Proposes Exit Fee on Credit Union Acquisitions of Taxpaying Banks

Jul 7, 2021 | Press Release
The Independent Community Bankers of America (ICBA) today urged the Treasury Department to examine abuses of the tax code causing increased acquisitions of community banks by tax-exempt credit unions.

Protecting Against Digital Payments Fraud

Jul 6, 2021 | Bancard Confidential | Payments Article
The pandemic has certainly played a role in escalating fraud on a global scale and throughout many payment pathways. The sudden cross-sectioning of these payment and transaction vectors has created increases in traditional fraud schemes.

Take your card portfolio to the next level with affluent cards

Jul 6, 2021 | Bancard Confidential
As community banks review their card offerings and examine ways to attract more cardholders, one segment meriting a closer look are affluent or higher net worth customers.

Supporting Economic Recovery with Credit Card Rewards Programs

Jul 6, 2021 | Bancard Confidential
To everything there is a season, or so the market shows via today’s rebounding economic environment. Anxieties around the pandemic have dipped, leading to changing consumer behaviors.

A Note from the Chairman

Jul 6, 2021 | Bancard Confidential
This past year has been an intensely trying time, but if we look beyond the COVID-19 storm, we come face to face with a silver lining of opportunity. Community banks have been able to thrive during the pandemic because of who we are.