Digital Payments – New Conveniences, New Opportunities for Fraudsters

Oct 11, 2022 | NewsWatch Today
Though consumers have embraced ACH and wire transfers as essential ways to pay and move money, digital tools, such as Apple Pay and Google Pay wallets, Venmo and Cash App, and other digital convenience offerings have increasingly become popular payment methods for consumers due to their convenience and speed.

ICBA Announces Member Relations Team Executive Promotions

Oct 7, 2022 | Press Release
The Independent Community Bankers of America (ICBA) today announced promotions for William Pusey, who was named executive vice president, member relations, and Leah Edwards who was promoted to vice president of member relations for the Mid-Atlantic region.

Former Uber exec convicted for not disclosing breach

Oct 7, 2022 | NewsWatch Today
Uber’s former chief security officer was convicted of failing to disclose a 2016 data breach in the first criminal prosecution of an executive related to the handling of a breach.

ICBA proposes needed changes to CRE guidance update

Oct 7, 2022 | NewsWatch Today
ICBA issued a comment letter expressing support for an agency effort to provide clearer guidance on prudent commercial real estate loan accommodations and workouts while suggesting improvements to the proposal.

Grassroots key amid interchange amendment push

Oct 7, 2022 | NewsWatch Today
With lawmakers working to include ICBA-opposed credit card legislation in a must-pass defense bill, ICBA is urging community bankers to continue the grassroots campaign against the interchange measure.

Financial Services Trades to Congress: NDAA Shouldn’t Be a Payday for Retailers

Oct 6, 2022 | Press Release
Ten leading financial services trade associations sent a letter to U.S. House and Senate leadership and the top members of the Senate and House Armed Services Committees warning them that attaching the so-called Credit Card Credit Card Competition Act of 2022 to the National Defense Authorization Act (NDAA) “will rob military families of their credit card rewards, reduce the availability of safe credit, and undermine the nation’s data security.”

ICBA Offers Tips to Help Consumers Protect Financial Data During Cybersecurity Awareness Month

Oct 5, 2022 | Press Release
In recognition of Cybersecurity Awareness Month, The Independent Community Bankers of America (ICBA) and the nation’s community banks are reminding consumers of practical steps to help safeguard their sensitive data and mitigate losses in the event of a data breach or compromise.

ICBA Statement on Recent Report on Zelle Fraud

Oct 4, 2022 | Press Release
Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on a recent report from Sen. Elizabeth Warren (D-Mass.) on Zelle.

Grassroots critical as lawmakers seek to advance interchange bill

Oct 4, 2022 | NewsWatch Today
With Sens. Richard Durbin (D-Ill.) and Roger Marshall (R-Kan.) working to include their ICBA-opposed credit card legislation in a must-pass defense bill, ICBA is urging community bankers to continue the grassroots campaign against the interchange measure.

ICBA seeking Digital Assets Task Force nominations

Oct 4, 2022 | NewsWatch Today
ICBA is seeking submissions from volunteers to serve on a new Digital Assets Task Force to examine and deliberate issues related to central bank digital currency and digital assets, such as stablecoins.

Gruenberg: Community bank climate strategies successful

Oct 4, 2022 | NewsWatch Today
Community banks have successfully employed strategies for managing climate-related financial risk, though the prevalence of risk will increase with climate change, FDIC Acting Chairman Martin Gruenberg said.

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.