Blog: PPP data show community bank lending urgency

Nov 3, 2021 | NewsWatch Today
A new ICBA blog post explores data showing the urgency of community banks’ Paycheck Protection Program response to help save small businesses in their communities.

Regulators recommend bank-like rules for stablecoins

Nov 2, 2021 | NewsWatch Today
The President’s Working Group on Financial Markets issued a long-awaited report spotlighting regulatory gaps in overseeing stablecoins and recommending legislation to implement a federal regulatory framework.

ICBA testifying tomorrow on cyber, data security

Nov 2, 2021 | NewsWatch Today
ICBA is scheduled to testify tomorrow on cyber and data security issues before the House Financial Services Committee’s Subcommittee on Consumer Protection and Financial Institutions.

ICBA Statement on President’s Working Group Stablecoin Report ​

Nov 1, 2021 | Press Release
Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on the President’s Working Group (PWG) on Financial Markets report on stablecoins.

CFPB issues debt collection guidance

Nov 1, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau released several guidance documents to help providers prepare for two debt collection final rules taking effect Nov. 30.

ICBA Expands Preferred Service Provider Agreement with Wolters Kluwer to Include iLien Document Management

Nov 1, 2021 | Press Release
The Independent Community Bankers of America today announced it has expanded its Wolters Kluwer Preferred Service Provider relationship to include its SaaS-based iLien system, offered by Wolters Kluwer Compliance Solutions.

Grassroots push continues against reconciliation tax hikes

Nov 1, 2021 | NewsWatch Today
With policymakers’ draft framework for the budget reconciliation bill featuring numerous tax increases, ICBA is calling on community bankers to use its Be Heard resource center to speak out in opposition.

ICBA to OCC: Take moderate approach to CRA rescission

Nov 1, 2021 | NewsWatch Today
ICBA advocated a moderate approach to the OCC’s rescission of its 2020 Community Reinvestment Act final rule and reinstatement of the 1995 interagency CRA rule.

IRS: Update income in Child Tax Credit portal

Nov 1, 2021 | NewsWatch Today
The IRS today is launching a new feature allowing any family receiving monthly Child Tax Credit payments to update their income using the Child Tax Credit Update Portal.

SBA: $44.8B in 2021 lending through signature programs

Nov 1, 2021 | NewsWatch Today
The SBA said its 7(a) and 504 loan programs supported more than 61,000 traditional loans worth $44.8 billion in fiscal 2021. The lending comprised:

ICBA opposes reconciliation package tax hikes

Oct 29, 2021 | NewsWatch Today
ICBA expressed strong opposition to certain tax provisions policymakers are considering as part of the Build Back Better reconciliation package.

IRS plan excluded from budget framework — for now

Oct 29, 2021 | NewsWatch Today
A Biden administration draft framework for the next round of congressional reconciliation discussions leaves out the ICBA-opposed IRS reporting proposal, though ICBA’s campaign against the plan continues.

ICBA, groups oppose grantor trust rule changes

Oct 29, 2021 | NewsWatch Today
ICBA and other business groups urged Congress to reject proposed changes to grantor trust and valuation rules in the Build Back Better reconciliation bill.

OCC issues revised TILA procedures

Oct 29, 2021 | NewsWatch Today
The OCC issued revised interagency examination procedures and rescissions for the Truth in Lending Act

ICBA Statement on IRS Bank Reporting Proposal

Oct 28, 2021 | Press Release
ICBA and the nation’s community banks applaud the exclusion of the widely opposed IRS bank reporting proposal from today’s budget reconciliation framework. We will continue to vocally oppose the policy as negotiations proceed.

ICBA talks IRS on Fox News as House Dem coalition pushes back

Oct 28, 2021 | NewsWatch Today
ICBA leaders appeared on Fox News to continue raising awareness of the widely opposed IRS reporting proposal.

Webinars feature RTP, FedNow updates

Oct 28, 2021 | NewsWatch Today
ICBA and ICBA Bancard next week are kicking off a complimentary webinar series on how community banks can plan for their instant payments journey.

FHFA proposes GSE capital disclosures

Oct 28, 2021 | NewsWatch Today
The Federal Housing Finance Agency proposed additional public disclosure requirements for Fannie Mae and Freddie Mac’s Enterprise Regulatory Capital Framework.

CFTC head makes push to be primary crypto regulator

Oct 28, 2021 | NewsWatch Today
The acting head of the Commodity Futures Trading Commission urged Congress to consider granting his agency the authority to be the primary federal regulator for digital assets.

ICBA testifies on IRS reporting as Manchin speaks out

Oct 27, 2021 | NewsWatch Today
ICBA testified against the widely opposed IRS reporting proposal while a key Democratic senator raised objections to the policy.