ICBA Newsroom
The ICBA Newsroom collects and centralizes all the NewsWatch Today articles, press releases, blog posts, advocacy letters and other news that impacts community bankers.
Report: Credit card routing bill would cost consumers $11B in rewards
ICBA-opposed legislation to impose credit card routing restrictions would cost credit card users $11 billion in annual rewards, according to a new report from the Electronic Payments Coalition.
August 14, 2023 |
ICBA NewsWatch Today
Credit Cards
Bittrex to pay $24M to settle SEC exchange allegations
The Securities and Exchange Commission said crypto asset trading platform Bittrex Inc. and its former CEO, William Shihara, agreed to settle charges that they operated an unregistered national securities exchange, broker, and clearing agency.
August 14, 2023 |
ICBA NewsWatch Today
Custodia Bank launches in certain states
Special-purpose depository institution Custodia Bank said it has officially launched in certain states to serve U.S.-based business customers.
August 14, 2023 |
ICBA NewsWatch Today
Digital Assets
Credit union acquisition of Ill. community bank will not close
A planned credit union acquisition of a community bank in Illinois will not go through, according to S&P Global.
August 14, 2023 |
ICBA NewsWatch Today
Credit Unions
Tips for Better Community Bank CMS Testing
By understanding and leveraging compliance management system testing, community banks can limit potential risk.
August 11, 2023 |
Independent Banker
Compliance
Agencies request feedback on secure open-source software
The Cybersecurity and Infrastructure Security Agency and other agencies issued a request for information on areas for prioritization to secure open-source software.
August 11, 2023 |
ICBA NewsWatch Today
Cybersecurity
ICBA ThinkTECH Accelerator director profiled by BankBeat
ICBA ThinkTECH Accelerator Director Stephanie Foster, who joined ICBA in January to help plan and execute ICBA’s award-winning program, is the subject of a new profile in BankBeat.
August 11, 2023 |
ICBA NewsWatch Today
Fed hosting FedNow town hall this month
The Federal Reserve said it is hosting a town hall meeting this month on the FedNow Service.
August 11, 2023 |
ICBA NewsWatch Today
Payments Faster Payments
Derek Williams: Part of the Family
A bank that demonstrates it truly understands and cares about individual needs will create a meaningful relationship with that employee and strengthen retention in the process.
August 09, 2023 |
Independent Banker
ICBA request for 1071 relief makes headlines
ICBA’s actions to challenge the Consumer Financial Protection Bureau's Section 1071 final rule and seek injunctive relief for community banks is making headlines.
August 09, 2023 |
ICBA NewsWatch Today
Compliance
FHFA responds to ICBA concerns with new credit score models
The Federal Housing Finance Agency said it is considering adjustments to its plan for transitioning Fannie Mae and Freddie Mac to new credit score models following outreach from ICBA and other groups.
August 09, 2023 |
ICBA NewsWatch Today
Housing Finance/GSEs
ICBA releases updated guide for August recess meetings
ICBA released an updated version of its “Meetings on Main Street” guide to help community bankers host members of Congress during the August congressional recess.
August 09, 2023 |
ICBA NewsWatch Today
Advocacy
Fed updates policy on supervising stablecoins, novel activities
The Federal Reserve Board released additional information on its program to supervise novel activities in the banks it oversees, including stablecoin activity.
August 09, 2023 |
ICBA NewsWatch Today
Digital Assets
OCC issues guidance on legal lending limit
The OCC issued guidance on the applicability of the legal lending limit to purchased loans.
August 09, 2023 |
ICBA NewsWatch Today
Compliance
9 Ways for Community Banks to Cut Expenses
As the start of the fiscal year approaches, it’s a great opportunity for community banks to revisit vendor contracts, technology and more to limit expenses. We asked experts for their top tips on cutting costs and increasing revenue.
August 08, 2023 |
Independent Banker
Growing the Community
Rebeca Romero Rainey: A Tried-and-True Business Model
So much of what we’ve seen in the last six months is banks doubling down on what they’re good at doing: helping their customers and communities in ways
that nobody else can.
August 07, 2023 |
Independent Banker
ICBA requests 1071 relief in court filings, CFPB letter
As part of ICBA’s efforts to ensure a recent court decision granting temporary injunctive relief from the Consumer Financial Protection Bureau’s Section 1071 final rule applies to all community banks, ICBA on Friday filed a motion and complaint calling on the court to invalidate the final rule and enjoin the CFPB from enforcing it.
August 07, 2023 |
ICBA NewsWatch Today
CFPB Compliance
Agencies release report on top routinely exploited vulnerabilities
The Cybersecurity and Infrastructure Security Agency and other agencies issued a report on last year’s top routinely exploited vulnerabilities.
August 07, 2023 |
ICBA NewsWatch Today
Cybersecurity
FDIC issues new cease-and-desist letter on deposit insurance claims
The FDIC issued a new letter demanding that a nonbank crypto entity cease making false or misleading representations about deposit insurance.
August 07, 2023 |
ICBA NewsWatch Today
Deposit Insurance
ICBA offers summary on large bank capital proposal
ICBA released a summary of a recently released interagency proposed rule to strengthen regulatory capital standards on large banks.
August 07, 2023 |
ICBA NewsWatch Today
FDIC
Member Milestones: Keeping the Community Bank Spirit Alive
Each year, ICBA recognizes member banks celebrating significant anniversaries: 100, 125, 150 or 175 years. Each has a story that proves why these community banks remain staples of their towns and cities to this day.
August 04, 2023 |
Independent Banker
ICBA Urges Court and CFPB to Grant Relief from 1071 Small-Business Rule
The Independent Community Bankers of America (ICBA), the Independent Bankers Association of Texas (IBAT), and Texas First Bank today filed a motion and complaint calling on a federal court to declare that the Consumer Financial Protection Bureau’s Section 1071 final rule is invalid and unenforceable and seeking preliminary and permanent injunctive relief.
August 04, 2023 |
Press Release
CFPB
Independent Banker magazine wins 2023 Content Marketing Award for Top Association Publication
ICBA Independent Banker magazine was named the winning association publication in the 2023 Content Marketing Awards.
August 04, 2023 |
ICBA NewsWatch Today
Minneapolis Fed: Higher rates affect least profitable ag producers most
A recent article from the Federal Reserve Bank of Minneapolis explains how higher interest rates affect the farm sector.
August 04, 2023 |
ICBA NewsWatch Today
Agriculture
ICBA issues summary on large bank capital proposal
ICBA released a summary of a recently released interagency proposed rule to strengthen regulatory capital standards on large banks.
August 04, 2023 |
ICBA NewsWatch Today
Risk
CFOs' Tips on a Changing Environment
Community bank chief financial officers are currently facing one of the most challenging environments in decades. Rising interest rates have raised the cost of funds considerably, inflation remains stubbornly high and many economists believe that a recession is likely either late this year or next year. Independent Banker recently spoke with community bank CFOs to see how they are helping their banks flourish in this environment.
August 03, 2023 |
Independent Banker
Regulators update BSA/AML exam manual
The Federal Financial Institutions Examination Council announced updated sections and related examination procedures in its Bank Secrecy Act/Anti-Money Laundering Examination Manual.
August 03, 2023 |
ICBA NewsWatch Today
Compliance
Susan Sullivan: Staking a Claim in the Digital Assets Debate
As Congress and other federal agencies discuss the evolving marketplace of cryptocurrency and a CBDC, ICBA is ensuring the voice of community banks are being heard.
August 02, 2023 |
Independent Banker
Advocacy
Romero Rainey: ICBA continues advocating community bank 1071 relief
ICBA is taking steps to ensure that a recent court decision granting temporary injunctive relief from the Consumer Financial Protection Bureau’s Section 1071 final rule applies to all community banks, ICBA President and CEO Rebeca Romero Rainey said in a message to ICBA members.
August 02, 2023 |
ICBA NewsWatch Today
Compliance
Nonbank Figure withdraws OCC charter application
Figure Technologies, a nonbank consumer lender looking to expand into payments services, withdrew its application for a national bank charter.
August 02, 2023 |
ICBA NewsWatch Today
State-Owned/Public Banks
Fed survey: Plurality of banks seek to maintain current balance sheet size
Nearly one-third of respondents to a Federal Reserve survey of senior financial officers said their banks plan to take actions to maintain the current size of their balance sheets over the next six months.
August 02, 2023 |
ICBA NewsWatch Today
Federal Reserve
CISA warns of Ivanti system vulnerabilities
Threat actors are exploiting vulnerabilities in the Ivanti Endpoint Manager Mobile device management system, according to a cybersecurity advisory from the Cybersecurity and Infrastructure Security Agency.
August 02, 2023 |
ICBA NewsWatch Today
Cybersecurity
Troy Bank & Trust Banks Carries the Torch for its Founder
Charles Henderson’s legacy as a businessman, politician and philanthropist continues to guide Alabama’s Troy Bank & Trust nearly a century after his death.
August 01, 2023 |
Independent Banker
Member Benefits: ICBA Career Center
ICBA’s Career Center serves bankers who are both hiring and looking for jobs, connecting them to the financial institution careers and talent that they desire.
August 01, 2023 |
Independent Banker
How Choice Bank Used Tech to Recapture Ag Business
When ag retailers started offering financing options from national companies at the point of sale, Choice Bank hit back with the development of an innovative POS digital origination platform.
August 01, 2023 |
Independent Banker
Lending
OceanFirst Bank's Financial Literacy Push
With a goal of improving financial literacy statewide and within its served communities, OceanFirst Bank N.A. in Toms River, N.J., donated $10,000 to Junior Achievement (JA) of New Jersey, which is part of a national nonprofit that provides millions of students across the country with career readiness skills.
August 01, 2023 |
Independent Banker
Out of Office: JD Bubel
The vice president and CIO of $240 million-asset Security First Bank in Center, N.D., is retiring from his second career as a rodeo stock contractor, a job he did with his father for the love of rodeo.
August 01, 2023 |
Independent Banker
Compensation and Benefits for Community Banks' C-Suite
When selecting benefits for your executive employees, their wants and needs may differ depending on the state of the market, where they are in life and other factors. Learn how to tune into those needs and retain your top employees.
August 01, 2023 |
Independent Banker
ICBA Names Faith Lutat Vice President of Member Relations
The Independent Community Bankers of America (ICBA) today announced the hire of Faith Lutat as vice present of member relations.
July 31, 2023 |
Press Release
Committee passes ICBA-advocated resolution to block CFPB’s 1071 rule
The House Financial Services Committee voted 29-21 to advance an ICBA-advocated resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule.
July 28, 2023 |
ICBA NewsWatch Today
Compliance
ICBA Commends House Committee for Passing Resolution to Nullify CFPB’s Small-Business Reporting Rule
The Independent Community Bankers of America (ICBA) today commended the House Financial Services Committee for advancing an ICBA-advocated resolution to nullify the Consumer Financial Protection Bureau’s Section 1071 small-business data collection and reporting requirements.
July 28, 2023 |
Press Release
Compliance
Nearly 1,000 ICBA Community members in first week
The numbers show this month’s launch of the ICBA Community online platform has been well-received by community bankers, ICBA’s Vanessa Hanson writes in a new blog post.
July 28, 2023 |
ICBA NewsWatch Today
Community Bank Awareness
Agencies release proposal on large bank capital standards
The FDIC, Federal Reserve, and OCC released an interagency proposed rule to strengthen capital standards on the largest banks and explicitly said they would not apply to community banks.
July 28, 2023 |
ICBA NewsWatch Today
Capital Compliance
New ICBA podcast on 2023 top lenders
The latest episode of ICBA’s “Independent Banker” podcast features community bankers from Independent Banker magazine’s lists of 2023’s top community bank lenders.
July 28, 2023 |
Podcast
Lending
CFPB report targets consumer financial products
The Consumer Financial Protection Bureau released a new Supervisory Highlights report on unfair, deceptive, and abusive acts or practices across various consumer financial products.
July 27, 2023 |
ICBA NewsWatch Today
Compliance
New compliance note on sanctions-related self-disclosures
The Treasury, Commerce, and Justice departments issued a joint compliance note focusing on voluntary self-disclosure policies that apply to U.S. sanctions, export controls, and other national security laws.
July 27, 2023 |
ICBA NewsWatch Today
Compliance
Out of Office: Dick Behl
The president of $35 million-asset Farmers & Merchants State Bank in Scotland, S.D., doubles as a weekend scuba instructor.
July 26, 2023 |
Independent Banker
Romero Rainey: ICBA support for special assessment exemplifies its mission
ICBA’s support for the FDIC’s proposed special assessment exemption for community banks illustrates its unique mission, ICBA President and CEO Rebeca Romero Rainey wrote in a new blog post.
July 26, 2023 |
ICBA NewsWatch Today
FDIC
Committee slated to vote tomorrow on blocking 1071 rule
With the House Financial Services Committee slated to take up an ICBA-advocated resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA called on the committee to pass the measure.
July 26, 2023 |
ICBA NewsWatch Today
CFPB
Same Day ACH continues expansion
The value of Same Day ACH payments grew 51.7% in the first half of 2023 from a year earlier, while payments volume rose 13.7%, Nacha reported.
July 26, 2023 |
ICBA NewsWatch Today
ACH
First Community Bank Paints the Town Pink for Charity
First Community Bank raised more than $16,000 for breast cancer research. Throughout October 2022, the community bank in Batesville, Ark., participated in White River Health System’s Paint the Town Pink initiative to raise awareness and money for breast cancer research and the medical organization’s equipment.
July 25, 2023 |
Independent Banker
ICBA polling campaign on interchange bill running this week
With Sens. Richard Durbin (D-Ill.) and Roger Marshall (R-Kan.) working to attach credit card routing restrictions to the National Defense Authorization Act, ICBA this week is promoting its new polling results showing voters oppose the policy change.
July 25, 2023 |
ICBA NewsWatch Today
Credit Cards
80% of FDIC special assessment comment letters from community bankers
Community bankers responded in force to ICBA’s grassroots advocacy campaign supporting the FDIC’s proposal to exempt community banks under $5 billion in assets from its special assessment.
July 25, 2023 |
ICBA NewsWatch Today
FDIC
In Pictures: The ICBA Capital Summit 2023
To advocate for community banks across the nation, ICBA and participating bankers went straight to the source: Capitol Hill. See what these bankers got to experience during ICBA’s annual in-person advocacy event as they lobbied for important industry changes and regulations.
July 24, 2023 |
Independent Banker
Advocacy
Fed’s Barr: Fair lending oversight needs to adapt to technological change
The Consumer Financial Protection Bureau issued its fair lending annual report to Congress describing its fair lending enforcement priorities and statistics.
July 24, 2023 |
ICBA NewsWatch Today
Compliance Lending
As Lawmakers Push to Include Credit Card Restrictions in Defense Bill, New ICBA Polling Shows Voter Opposition
With Sens. Richard Durbin (D-Ill.) and Roger Marshall (R-Kan.) working to attach their controversial credit card routing restrictions to the pending National Defense Authorization Act, the Independent Community Bankers of America (ICBA) today released new polling results showing voters oppose the policy change.
July 23, 2023 |
Press Release
Credit Cards
How Banks Can Approach Cannabis Compliance
For community banks that are interested in or are already working with cannabis-related businesses, understanding compliance guidelines surrounding that sector is vital. We spoke with experts on how to navigate the specific requirements of this industry.
July 21, 2023 |
Independent Banker
Compliance
ICBA Urges FDIC to Finalize Special Assessment Rule as Proposed
ICBA said it strongly and emphatically supports the Federal Deposit Insurance Corporation’s proposed rule to exempt community banks with less than $5 billion in uninsured deposits from its special assessment following the failures of Silicon Valley Bank and Signature Bank of New York.
July 21, 2023 |
Press Release
Community banker cautions Congress on deposit insurance reform
ICBA community banker Thomas Fraser—CEO of First Mutual Holding Co. in Lakewood, Ohio—testified on deposit insurance reform before the Senate Banking Committee on behalf of his banks.
July 21, 2023 |
ICBA NewsWatch Today
Deposit Insurance
Court ruling opens door to more legal disputes over debts
A U.S. appeals court this week issued a decision that widens the avenue for consumers to challenge their debt under the Fair Credit Reporting Act.
July 21, 2023 |
ICBA NewsWatch Today
Compliance Credit Cards
Independent Banker
Independent Banker is the award-winning monthly member publication of ICBA. Continually rated the best news source by community bankers, IB provides timely, relevant information and insights to help community banks continue to flourish.
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