ICBA Newsroom
The ICBA Newsroom collects and centralizes all the NewsWatch Today articles, press releases, Main Street Matters blogs, advocacy letters and other news that impacts community bankers.
CFPB reports on mortgage borrower challenges
The Consumer Financial Protection Bureau said more needs to be done to help mortgage borrowers coping with the COVID-19 pandemic and economic downturn.
May 05, 2021 |
ICBA NewsWatch Today
Compliance
Independent Banker features 2020’s top performers
The May issue of Independent Banker magazine spotlights the best-performing community banks of 2020.
May 04, 2021 |
ICBA NewsWatch Today
PPP funds could be exhausted soon
The SBA reportedly told congressional offices that general Paycheck Protection Program funding could be exhausted soon.
May 04, 2021 |
ICBA NewsWatch Today
Bowman provides reg update on fintech partnerships
A recent column from Federal Reserve Gov. Michelle Bowman provides an update on regulatory efforts to promote community bank innovation and partnerships with fintech firms.
May 03, 2021 |
ICBA NewsWatch Today
Regulatory Relief
Fed: banking system showing resilience
Financial institutions’ strong capital and liquidity positions have enabled the banking system to support the U.S. economic recovery, the Federal Reserve reported.
May 03, 2021 |
ICBA NewsWatch Today
Capital
Capital Summit grassroots continue today
While this week’s ICBA Capital Summit concludes today, ICBA is urging community bankers to continue engaging their elected officials with grassroots messages on social media.
April 30, 2021 |
ICBA NewsWatch Today
Advocacy
Last chance for service award submissions
Today is the deadline to submit nominations and votes for ICBA’s updated National Community Bank Service Award program. This year’s awards recognize exceptional service, emerging service programs, and the people's choice.
April 30, 2021 |
ICBA NewsWatch Today
IRS reporting plan would increase burdens: ICBA’s Merski
ICBA’s Paul Merski told Bloomberg that additional IRS reporting being floated this week by the Biden administration would increase compliance burdens for community banks.
April 30, 2021 |
ICBA NewsWatch Today
Compliance
CFPB reports on fair lending enforcement
The Consumer Financial Protection Bureau issued its fair lending annual report to Congress describing its fair lending enforcement priorities and statistics.
April 29, 2021 |
ICBA NewsWatch Today
Compliance
CFPB: More complaints from minority counties
The Consumer Financial Protection Bureau released a county-by-county analysis of consumer complaints. The bureau said it received more complaints per capita from consumers living in predominantly minority counties in 2019 and 2020
April 29, 2021 |
ICBA NewsWatch Today
Compliance
Credit union groups mixed on CRA-lite
Recently reintroduced Senate legislation to codify community outreach policies for community credit unions is getting a mixed reception from credit union industry groups.
April 28, 2021 |
ICBA NewsWatch Today
Credit Unions
CFPB delays new QM rule
The Consumer Financial Protection Bureau issued a final rule formally delaying the mandatory compliance date of its recently modified general Qualified Mortgage final rule from July 1, 2021, to Oct. 1, 2022.
April 28, 2021 |
ICBA NewsWatch Today
Compliance Compliance
ICBA urging messages to Congress today
With hundreds of community bankers meeting virtually with congressional offices this week, ICBA today is urging community bankers nationwide to send grassroots messages to their members of Congress.
April 26, 2021 |
ICBA NewsWatch Today
ICBA launches crypto webinar series
With 80 percent of bitcoin holders saying they would store it with their bank if offered, ICBA ThinkTECH’s new Cryptocurrency Demystified webinar series will help community bankers address the rising demand of digital currency.
April 26, 2021 |
ICBA NewsWatch Today
Digital Assets
SBA reopens shuttered venue grant program
The SBA reopened the Shuttered Venue Operators Grant application portal after technology issues scuttled its April 8 launch.
April 26, 2021 |
ICBA NewsWatch Today
Advocacy Crisis Preparedness
OCC conditionally approves Paxos bank charter
The OCC conditionally approved the ICBA-opposed trust bank charter application from Paxos, a cryptocurrency platform.
April 26, 2021 |
ICBA NewsWatch Today
Digital Assets
Three days of grassroots at next week’s Capital Summit
Community bankers who can’t participate in next week’s virtual ICBA Capital Summit will still be able to join in the grassroots outreach.
April 22, 2021 |
ICBA NewsWatch Today
VPN compromise illustrates growing malware trend
Cybersecurity firm FireEye said it is tracking 12 malware families associated with the exploitation of Pulse Secure VPN devices.
April 22, 2021 |
ICBA NewsWatch Today
Cybersecurity
Taxpayer group urges credit union reforms
Congress should examine how the tax code is contributing to acquisitions of taxpaying community banks by tax-exempt credit unions, the National Taxpayers Union wrote in a new op-ed.
April 22, 2021 |
ICBA NewsWatch Today
Credit Unions
ICBA opposes Calif. public banking bill
ICBA and other groups expressed opposition to a bill in the California legislature that would establish a government banking system in the state.
April 22, 2021 |
ICBA NewsWatch Today
State-Owned/Public Banks
House passes cannabis banking safe harbor
The House voted 321-101 to pass ICBA-advocated legislation to establish a safe harbor for financial institutions that serve cannabis-related businesses in states where cannabis is legal.
April 20, 2021 |
ICBA NewsWatch Today
Cannabis banking
Lawmakers seek SBA feedback on PPP backlog
A group of House Republicans asked the SBA for information on its backlog of Paycheck Protection Program loan-forgiveness applications.
April 20, 2021 |
ICBA NewsWatch Today
Advocacy Crisis Preparedness
ICBA: Climate risk study should preserve housing stability
Fannie Mae, Freddie Mac, and the Federal Home Loan Banks should take steps to better understand and mitigate climate-related risks in their portfolios without disrupting the housing finance system, ICBA told the Federal Housing Finance Agency.
April 20, 2021 |
ICBA NewsWatch Today
Advocacy Risk
ICBA backs bill promoting de novo bank formation
ICBA voiced its support for new legislation by Rep. Andy Barr (R-Ky.) to kickstart the economic recovery in underserved areas by easing regulations that hinder de novo bank formation.
April 16, 2021 |
ICBA NewsWatch Today
De Novo Banks
FDIC launches campaign promoting financial inclusion
The FDIC launched a public awareness campaign supporting financial empowerment to educate consumers about the benefits of opening a bank account to gain access to safe, low-cost financial products.
April 16, 2021 |
ICBA NewsWatch Today
Advocacy Crisis Preparedness
Same Day ACH volume increased 88%, passes 1 billion mark
ACH Network volume soared in the first quarter—increasing by 11.2 percent to 7.1 billion payments in compared to the first quarter of 2020 and setting two new records, Nacha reported.
April 16, 2021 |
ICBA NewsWatch Today
ACH Payments
Blog: ThinkTECH Accelerator tripled number of bank participants
After 12 fully immersive weeks and hundreds of meetings with industry stakeholders, the ICBA ThinkTECH Accelerator 2021 cohort revealed a glimpse into the future of high-tech, high-touch solutions tailored for community banks and their customers.
April 14, 2021 |
ICBA NewsWatch Today
Technology
Fed outlines vision, key pillars for FedNow Service
Federal Reserve Bank Chief Innovation Officer Dan Anthony will outline the agency’s technology strategy and next steps in preparation for the rollout of its FedNow Service during a 90-minute webinar next month.
April 14, 2021 |
ICBA NewsWatch Today
Federal Reserve
CFPB reaches settlement with Settlelt
The Consumer Financial Protection Bureau announced a settlement with Settlelt over allegations that it engaged in unfair acts and practices. The complaint alleges that the company failed to disclose its relationship to certain creditors.
April 14, 2021 |
ICBA NewsWatch Today
Compliance
ICBA comments on computer security incident notification requirement
ICBA submitted a comment letter in response to a notice of proposed rulemaking requiring banks to notify their primary federal regulator within 36 hours of a computer-security incident.
April 13, 2021 |
ICBA NewsWatch Today
Cybersecurity
Powell talks economy, digital currencies
Federal Reserve Chairman Jerome Powell said the economy is at an “inflection point” and could experience rapid growth upwards of 6 percent or 7 percent this year in an interview on CBS’ 60 Minutes.
April 13, 2021 |
ICBA NewsWatch Today
Digital Assets Payments
Biden to nominate national cyber director and CISA director
President Joe Biden announced his intent to nominate Chris Inglis as National Cyber Director and Jen Easterly as the Director of the Cybersecurity and Infrastructure Agency.
April 13, 2021 |
ICBA NewsWatch Today
Cybersecurity
FDIC seeks input on modernizing sign, ad rules
The FDIC said it is seeking input on potentially modernizing its sign and advertising requirements related to FDIC deposit insurance to better reflect how banks and consumers operate.
April 12, 2021 |
ICBA NewsWatch Today
Compliance
Agencies issue joint statement on BSA/AML compliance
Federal regulators issued a joint statement addressing how risk management principles in “Supervisory Guidance on Model Risk Management” relate to banking systems or models designed for Bank Secrecy Act compliance.
April 12, 2021 |
ICBA NewsWatch Today
BSA/AML Compliance
ICBA to USDA: Ensure loan payoffs don’t harm lenders, purchasers
ICBA called on the USDA to ensure lenders are compensated for lost income as it prepares to pay off direct and guaranteed farm loans held by Socially Disadvantaged Farmers and Ranchers.
April 12, 2021 |
ICBA NewsWatch Today
Agriculture
Fed issues ‘synthetic identity fraud’ definition
The Federal Reserve issued a recommended definition of “synthetic identity fraud” after convening an industry group.
April 09, 2021 |
ICBA NewsWatch Today
Cybersecurity
ICBA urges improvements to EIP delivery
ICBA and other groups recommended improvements to how the IRS issues Economic Impact Payments.
April 09, 2021 |
ICBA NewsWatch Today
Advocacy Crisis Preparedness Lending
IRS disburses another 25M EIPs
The IRS and Treasury Department said they are disbursing more than 25 million payments in the fourth batch of Economic Impact Payments under the American Rescue Plan.
April 08, 2021 |
ICBA NewsWatch Today
Advocacy Crisis Preparedness Lending
ICBA expands Financial Literacy Month resources
ICBA added more Financial Literacy Month resources to its "Tell Your Story" marketing and communications toolkit to help community banks celebrate in April.
April 08, 2021 |
ICBA NewsWatch Today
CFPB proposes delaying debt collection rules
The Consumer Financial Protection Bureau proposed delaying the effective date of two recent debt collection rules to provide more time to comply.
April 08, 2021 |
ICBA NewsWatch Today
Compliance Compliance
SBA warns of PPP funding crunch
The SBA is warning Congress that the recently extended Paycheck Protection Program is starting to run low on funds with nearly two months left for borrowers to apply.
April 07, 2021 |
ICBA NewsWatch Today
ICBA urges delay in GSE product restrictions
ICBA and other groups called on Treasury Secretary Janet Yellen and FHFA Director Mark Calabria to delay product and program restrictions for Fannie Mae and Freddie Mac.
April 07, 2021 |
ICBA NewsWatch Today
Housing Finance/GSEs
ICBA backs BSA/AML relief bill
ICBA expressed support for legislation to raise the currency transaction reporting and Suspicious Activity Reporting thresholds to $30,000 and $10,000, respectively.
April 07, 2021 |
ICBA NewsWatch Today
BSA/AML
Senate Republicans urge CBLR relief extension
Senate Banking Committee Republicans led by Sen. Mike Crapo (R-Idaho) called on federal regulators to use their authority to extend the 8 percent Community Bank Leverage Ratio through Dec. 31.
April 06, 2021 |
ICBA NewsWatch Today
Advocacy Crisis Preparedness Lending
Independent Banker interviews new ICBA leaders
The April issue of Independent Banker magazine profiles ICBA's 2021-2022 executive committee. The interviews with ICBA leadership bankers cover the pandemic’s permanent changes to banking, evolving customer needs and expectations, community bank advocacy priorities, and more.
April 06, 2021 |
ICBA NewsWatch Today
Advocacy
CFPB proposes servicing changes to prevent foreclosures
The Consumer Financial Protection Bureau proposed a set of rules changes to prevent foreclosures as emergency protections expire.
April 06, 2021 |
ICBA NewsWatch Today
Compliance
Credit union hearing push intensifies
ICBA is encouraging community bankers to call on Congress to hold hearings on credit union acquisitions of taxpaying community banks.
April 05, 2021 |
ICBA NewsWatch Today
Credit Unions
IRS issues Employee Retention Credit guidance
The IRS issued guidance for employers claiming the Employee Retention Credit for the first and second quarters of 2021.
April 05, 2021 |
ICBA NewsWatch Today
Taxes & Budget
ICBA backs estate tax repeal bill
ICBA and other groups thanked Sen. John Thune (R-S.D.) and Reps. Jason Smith (R-Mo.) and Sanford Bishop (D-Ga.) for introducing legislation to permanently repeal the estate tax, which taxes the value of an estate at the time of death.
April 05, 2021 |
ICBA NewsWatch Today
Taxes & Budget
ICBA urges hearings following major credit union acquisition
Following the announcement of the largest-ever credit union purchase of a community bank, ICBA renewed its call for policymakers to investigate credit union acquisitions of community banks.
April 03, 2021 |
ICBA NewsWatch Today
Credit Unions
CFPB ‘warns’ mortgage servicers about foreclosure wave
The Consumer Financial Protection Bureau “warned” mortgage servicers to take all necessary steps to prevent a wave of foreclosures this fall.
April 02, 2021 |
ICBA NewsWatch Today
Compliance
Senate bill would tax capital gains at time of death
Sen. Chris Van Hollen (D-Md.) and several other Democratic senators this week introduced legislation that would require estates to pay capital gains tax before assets are distributed to heirs, with an exemption for the first $1 million of capital gains.
April 02, 2021 |
ICBA NewsWatch Today
Taxes & Budget
FinCEN begins implementing new reporting provisions
The Financial Crimes Enforcement Network is seeking public comment by May 5 on implementing new beneficial ownership information requirements.
April 02, 2021 |
ICBA NewsWatch Today
Compliance
Agencies issue 2020 HMDA data
Regulators released 2020 Home Mortgage Disclosure Act Loan Application Register data for approximately 4,400 HMDA filers. Annual loan-level LAR data for each HMDA filer are made available online by March 31.
April 01, 2021 |
ICBA NewsWatch Today
Compliance Compliance
Fed adopts rule on supervisory guidance
The Federal Reserve Board adopted a final rule outlining and confirming the use of supervisory guidance for regulated institutions.
April 01, 2021 |
ICBA NewsWatch Today
Compliance
CFPB rescinds policy statements granting temporary relief
The Consumer Financial Protection Bureau rescinded seven policy statements issued last year that provided temporary flexibilities to financial institutions on mortgage lending, credit reporting, credit cards, and prepaid cards.
April 01, 2021 |
ICBA NewsWatch Today
Compliance Compliance
Agencies issue updated HMDA guide
The Federal Financial Institutions Examination Council issued the 2021 edition of “A Guide to HMDA Reporting: Getting It Right!” for HMDA-related data collected in 2021 and reported in 2022.
March 31, 2021 |
ICBA NewsWatch Today
Compliance
Bill would require Fed study on CBDC
Reps. Bill Foster (D-Ill.) and French Hill (R-Ark.) recently introduced legislation directing the Federal Reserve to work with other agencies to study and issue a report on central bank digital currencies.
March 31, 2021 |
ICBA NewsWatch Today
Digital Assets Payments
PPP extension signed into law
President Joe Biden signed into law ICBA-advocated legislation to extend the Paycheck Protection Program ahead of its scheduled expiration. Previously, any PPP application not approved by March 31 could not receive PPP funds.
March 31, 2021 |
ICBA NewsWatch Today
Advocacy Crisis Preparedness Lending
EIPs heading to federal beneficiaries
The IRS said it expects to begin issuing additional Economic Impact Payments this weekend to federal beneficiaries who do not normally file a tax return.
March 31, 2021 |
ICBA NewsWatch Today
Advocacy Crisis Preparedness Lending
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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