FinCEN issues notice to bank customers on beneficial ownership requirements

Jul 29, 2024 | NewsWatch Today
The Financial Crimes Enforcement Network issued a notice to customers of financial institutions about reporting beneficial ownership information, or BOI.

GAO: Payment scams are a growing problem

Jul 29, 2024 | NewsWatch Today
The Government Accountability Office said scams are a significant and growing problem for U.S. individuals and businesses, noting that scams involving fake investment opportunities rose from $3.31 billion in 2022 to $4.57 billion in 2023.

ICBA encourages community bankers to register for virtual EGRPRA meeting

Jul 29, 2024 | NewsWatch Today
ICBA is encouraging community bankers to register for regulators’ upcoming virtual meeting on federal banking regulations.

ICBA continues grassroots push on ‘trigger leads’ amendment

Jul 26, 2024 | NewsWatch Today
ICBA continues calling on community bankers to urge their senators to include in must-pass legislation a bipartisan bill that would protect the financial privacy of mortgage applicants.

ICBA commends agencies for scheduling virtual EGRPRA meeting

Jul 26, 2024 | NewsWatch Today
ICBA commended the federal banking regulators for heeding ICBA’s calls to hold a virtual public outreach meeting as part of the latest regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act.

Seventh ThinkTECH Accelerator culminates with Colorado showcase

Jul 26, 2024 | NewsWatch Today
ICBA this week hosted its latest ThinkTECH Accelerator Showcase spotlighting growth-stage companies that serve or wish to serve community banks and their customers.

ICBA ThinkTECH Accelerates Banking Innovation During AP7 Showcase

Jul 25, 2024 | Press Release
The Independent Community Bankers of America® (ICBA) hosted its ThinkTECH Accelerator Showcase, the culmination of the latest Accelerator program (AP7) yesterday. For the first time, the Showcase was held at the Graduate School of Banking at Colorado for its student body of nearly 500 bankers and streamed online for a virtual audience.

ICBA Commends Agencies for Scheduling ICBA-Advocated Virtual Meeting Under Latest Regulatory Review

Jul 25, 2024 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey today issued the following statement on today’s announcement from federal banking regulators that they will conduct an ICBA-advocated virtual outreach meeting as part of the latest regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act, or EGRPRA.

ICBA continues generating check fraud coverage

Jul 25, 2024 | NewsWatch Today
ICBA continued to raise awareness of check fraud in a new round of media coverage.

ICBA continues grassroots push on ‘trigger leads’ amendment

Jul 25, 2024 | NewsWatch Today
ICBA continues calling on community bankers to urge their senators to include in must-pass legislation a bipartisan bill that would protect the financial privacy of mortgage applicants.

N.Y. Times distinguishes community bank commercial lending

Jul 25, 2024 | NewsWatch Today
ICBA and community bankers continued differentiating the industry from larger institutions in a new article on commercial lending in The New York Times.

ICBA pushing to include ‘trigger leads’ bill in defense legislation

Jul 24, 2024 | NewsWatch Today
ICBA continues calling on community bankers to urge their senators to attach a bipartisan mortgage-privacy bill to must-pass legislation.

FSB: Stablecoin drawbacks outweigh potential benefits

Jul 24, 2024 | NewsWatch Today
The Financial Stability Board said that even if a stablecoin is properly designed and well-regulated, “it may not necessarily have a positive impact on cross-border payments as the drawbacks could outweigh any potential benefits.”

House members debate farm bill during hearing on farm country challenges

Jul 24, 2024 | NewsWatch Today
House Agriculture Committee Chairman Glenn “GT” Thompson (R-Pa.) said the farm bill his committee passed earlier this year responds to the challenges facing farm country, though the farm bill debate remains stalled.

Agencies propose amending BSA requirements

Jul 24, 2024 | NewsWatch Today
Federal banking regulators formally requested comment on a proposed rule that would amend Bank Secrecy Act requirements for anti-money-laundering and countering-the-financing-of-terrorism programs.

CFPB proposal spotlights costs of paycheck advance products

Jul 24, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau proposed an interpretive rule that says many paycheck advance products are consumer loans subject to the Truth in Lending Act.

ICBA thanks Comptroller Hsu for recognizing check fraud efforts

Jul 23, 2024 | NewsWatch Today
ICBA thanked Acting Comptroller of the Currency Michael Hsu for highlighting the formation of ICBA’s Check Fraud Task Force and the Financial Sector Fraud Working Group in a recent speech on financial fraud.

CEO Alert: CrowdStrike IT Outage

Jul 19, 2024 | Press Release
Since news broke overnight that an incident at the CrowdStrike cybersecurity firm caused IT outages affecting multiple industries across the globe, ICBA has been closely monitoring the situation in coordination with financial services partners and officials.

ICBA supports Hsu’s remarks on banking industry concentration

Jul 19, 2024 | NewsWatch Today
ICBA expressed support for Acting Comptroller of the Currency Michael Hsu’s remarks about increasing concentration in the banking industry and the separation of banking and commerce.

ICBA op-ed: Stop letting credit unions buy community banks

Jul 19, 2024 | NewsWatch Today
Credit unions are acquiring community banks at a record rate, and outdated policies are subsidizing these deals, ICBA President and CEO Rebeca Romero Rainey wrote in a new op-ed in American Banker.