ICBA Statement on Federal Home Loan Bank Review

Sep 6, 2022 | Press Release
ICBA statement on the Federal Housing Finance Agency’s comprehensive review of the Federal Home Loan Bank System.

ICBA: Two-Thirds of Voters Support Cannabis Banking Access

Sep 2, 2022 | Press Release
Two-thirds of voters (65%) support allowing cannabis-related businesses to have access to banking services in states where cannabis is legal, the Independent Community Bankers of America (ICBA) announced.

OCC announces assessment rate cuts targeting community banks

Sep 2, 2022 | NewsWatch Today
The OCC will reduce assessment rates on OCC-chartered community banks by 40% starting next year, Acting Comptroller of the Currency Michael Hsu announced.

ICBA recognizes National Preparedness Month

Sep 2, 2022 | NewsWatch Today
ICBA recognized National Preparedness Month in September by issuing tips to help Americans secure their financial documents before disaster strikes.

ICBA voices opposition to Durbin Amendment expansion

Sep 2, 2022 | NewsWatch Today
ICBA this week expressed strong opposition to legislation that would create new credit card routing mandates that expand on Durbin Amendment payments interventions.

Fed raises order limits for nickels, dimes, quarters

Sep 2, 2022 | NewsWatch Today
The Federal Reserve said it will raise order limits for nickels, dimes, and quarters, effective Tuesday. Limits for pennies are unchanged.

ICBA Shares Financial Preparedness Tips for Consumers During National Preparedness Month in September

Sep 1, 2022 | Press Release
In recognition of National Preparedness Month in September, the Independent Community Bankers of America (ICBA) and the nation’s community bankers are reminding Americans to create a plan to ease their worries and speed their financial recovery in the wake of a natural disaster.

ICBA Names 2022 National Community Bank Service Awards Winners

Aug 31, 2022 | Press Release
The Independent Community Bankers of America (ICBA) today announced the winners of its 2022 National Community Bank Service Awards, which celebrate the outstanding service and creative volunteer efforts of the nation’s community banks. Stories are featured in the September issue of ICBA Independent Banker.

FedNow rollout set for May-July

Aug 30, 2022 | NewsWatch Today
The Federal Reserve said it plans to roll out its FedNow instant payments service between May and July of next year.

Romero Rainey: ICBA opposing bill to expand Durbin Amendment

Aug 30, 2022 | NewsWatch Today
ICBA continues speaking out against policymakers’ efforts to expand on harmful Durbin Amendment interventions on payment card systems, ICBA President and CEO Rebeca Romero Rainey wrote in a recent blog post.

ICBA-CISA cyber exercise twice this week

Aug 30, 2022 | NewsWatch Today
ICBA and the Cybersecurity and Infrastructure Security Agency are hosting a tabletop exercise today and tomorrow to support community bank cybersecurity.

USDA announces up to $550M in American Rescue Plan funding

Aug 25, 2022 | NewsWatch Today
The U.S. Department of Agriculture will provide up to $550 million in funding to support projects that enable underserved producers to access land, capital, and markets, and train the next generation of agricultural professionals.

Biden announces student debt forgiveness plan

Aug 25, 2022 | NewsWatch Today
The Biden administration announced plans to provide up to $20,000 in student debt forgiveness and extended the federal student loan repayment moratorium, first implemented under the Trump administration, through Dec. 31.

ICBA-CISA cybersecurity exercise next week

Aug 25, 2022 | NewsWatch Today
With cybersecurity topping community bankers’ list of risk concerns, ICBA has partnered with the Cybersecurity and Infrastructure Security Agency to host two tabletop exercise dates next week designed specifically for community bankers.

ICBA Opposes FDIC’s One-Size-Fits-All Hike in Deposit Insurance Assessment Rates

Aug 19, 2022 | Press Release
The Independent Community Bankers of America (ICBA) today called on the FDIC to reconsider its proposal to dramatically increase the rates banks pay to fund the nation’s deposit insurance system, which would disproportionately affect community banks.

ICBA Urges FDIC to Reject Ford Bank Application

Aug 19, 2022 | Press Release
ICBA today called on the FDIC to reject the deposit insurance application of Ford Credit Bank as an industrial loan company, or ILC, which would allow the company to skirt regulatory oversight and violate U.S. policy separating banking and commerce.

ICBA Announces Close of First BankTech Ventures Investment Fund

Aug 16, 2022 | Press Release
The Independent Community Bankers of America (ICBA) announced the closing of the BankTech Ventures Fund, which raised more than $115 million in committed capital in its first fund to accelerate technology opportunities and adoption at community banks.

House approves spending bill that excludes ICBA-opposed policies

Aug 15, 2022 | NewsWatch Today
The House passed budget reconciliation legislation that excludes several proposed tax provisions strongly opposed by ICBA.

ICBA urging comments on deposit insurance assessments

Aug 15, 2022 | NewsWatch Today
ICBA is calling on community bankers to submit personalized comments to the FDIC opposing its proposal to raise deposit insurance assessment rates by 2 basis points on all insured institutions.

CFPB planning inquiry on credit card interest rates

Aug 15, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau released a blog post targeting the growing divergence between credit card interest and charge-off rates—and previewing an inquiry into industry practices.