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The ICBA Newsroom collects and centralizes all the NewsWatch Today articles, press releases, blog posts, advocacy letters and other news that impacts community bankers.

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Financial Services Industry United in Opposition to Marshall-Durbin Credit Routing Legislation

Today nine trade associations representing the financial services industry released the following joint statement opposing announced legislation by Senator Roger Marshall (R-KS) and Senator Dick Durbin (D-IL) creating new credit card routing mandates that fall disproportionately on card issuing credit unions and community banks.
July 28, 2022 | Press Release   Interchange 

TCM Bank Names William Weeks Chief Information Officer

TCM Bank, N.A., the credit card bank of ICBA Bancard, which is the payments services subsidiary of the Independent Community Bankers of America (ICBA), today announced the hire of William Weeks as chief information officer.
July 26, 2022 | Press Release  

ICBA to committee: Fully vet stablecoin bill before any vote

While legislation is urgently needed to address risks posed by unregulated stablecoins, taking up last-minute legislation at this week’s House Financial Services Committee markup would be premature, ICBA told the panel.
July 25, 2022 | ICBA NewsWatch Today   Digital Assets Technology 

FS-ISAC spotlights Holy Ghost ransomware group

The Financial Services Information Sharing and Analysis Center’s latest weekly risk report details the Holy Ghost ransomware group, which has been active for more than a year and has connections to North Korea.
July 25, 2022 | ICBA NewsWatch Today   Cybersecurity Technology 

ICBA urges agencies to keep voluntary cyber tool up to date

ICBA called on federal regulators to continue building on the Cybersecurity Assessment Tool risk assessment framework while keeping it voluntary.
July 25, 2022 | ICBA NewsWatch Today   Cybersecurity Technology 

Senators introduce broad cannabis bill as safe harbor push continues

Senate Democrats introduced sweeping legislation to end federal cannabis prohibitions, potentially paving the way for an ICBA-advocated cannabis banking safe harbor.
July 22, 2022 | ICBA NewsWatch Today   Cannabis banking 

Feds announce first crypto insider trading indictment

Federal law enforcement officials announced the first-ever insider trading tipping indictment involving cryptocurrency.
July 22, 2022 | ICBA NewsWatch Today   Digital Assets Technology 

ICBA Names Andrew Hipolit Assistant Vice President, Financial Policy, Research and Advocacy

The Independent Community Bankers of America (ICBA) today announced that Andrew Hipolit has joined its government relations team as assistant vice president, financial policy, research, and advocacy.
July 22, 2022 | Press Release  

Community banks vital to manufacturing-concentrated states: FDIC

Community banks in manufacturing-concentrated states have provided more commercial loans than other community banks and reported higher net interest margins, according to a new FDIC report.
July 22, 2022 | ICBA NewsWatch Today   Community Bank Awareness Lending 

ICBA Statement on Mutual Savings Association Advisory Committee Charter Renewal

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement regarding the Office of the Comptroller of the Currency’s renewal of the Mutual Savings Association Advisory Committee charter.
July 20, 2022 | News  

House again passes cannabis banking bill

The House advanced an ICBA-advocated cannabis banking safe harbor as part of a fiscal 2023 defense authorization bill.
July 18, 2022 | ICBA NewsWatch Today   Cannabis banking 

What community banks can do about the super app rise

ICBA Bancard President and CEO Tina Giorgio’s latest blog post covers the rise of the super app and what community banks can do about it.
July 18, 2022 | ICBA NewsWatch Today   Technology 

USPS defends postal banking pilot

The U.S. Postal Service defended its decision to launch an ICBA-opposed postal banking pilot program without first consulting the Postal Regulatory Commission.
July 18, 2022 | ICBA NewsWatch Today   Postal Service Banking 

ICBA Statement on Confirmation of Michael Barr for Fed Vice Chair of Supervision

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on Michael Barr’s confirmation for Federal Reserve vice chair of supervision.
July 14, 2022 | Press Release   Federal Reserve 

ICBA Services Network Announces New Members to Board of Directors

ICBA Services Network today announced that Thomas E. Bates Jr.; G. Scott McComb, and Noah Wilcox were elected to the ICBA Services Network board of directors.
July 14, 2022 | Press Release  

CRA Partners/USI Alliance Names Ohio Community Banker New Chairman

CRA Partners/USI Alliance, an ICBA subsidiary, today announced the election of G. Scott McComb, chairman, president and CEO of Heartland Bank in Whitehall, Ohio, as chairman of the USI Alliance board of directors.
July 14, 2022 | Press Release  

ICBA Testifies Urging Congress to Apply Community Reinvestment Act to Credit Unions

The Independent Community Bankers of America (ICBA) today called on Congress to examine the need to apply the Community Reinvestment Act to tax-exempt credit unions.
July 13, 2022 | Press Release   CRA Credit Unions 

ICBA testifying today on CRA modernization

ICBA is scheduled to testify today before Congress on the interagency proposal to modernize Community Reinvestment Act regulations.
July 13, 2022 | ICBA NewsWatch Today   CRA 

CFPB confirms March 2023 for 1071 final rule

The Consumer Financial Protection Bureau plans to issue a final rule implementing Section 1071 small-business reporting requirements by March 31, 2023, according to court filing.
July 13, 2022 | ICBA NewsWatch Today   Compliance 1071 

ICBA to House: Include cannabis, notarization bills in defense act

ICBA and other groups today are calling on the House to include a cannabis banking safe harbor in the fiscal 2023 National Defense Authorization Act (H.R. 7900).
July 13, 2022 | ICBA NewsWatch Today   Cannabis banking Data Security/Fraud Fraud 

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