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.
Facebook Breach Affects 50M Users
Facebook announced a security breach affecting nearly 50 million accounts.
October 01, 2018 |
ICBA NewsWatch Today
Data Breach Data Security/Fraud
‘Tax Reform 2.0’ Passes House
The House passed legislation to permanently extend the lower individual tax rates included in the tax reform law signed late last year. Known as “Tax Reform 2.0,” the package of bills would lock in lower rates set to expire at the end of 2025, though it is not expected to be taken up by the Senate. In addition to cutting the top C-corp rate, the ICBA-supported Tax Cuts and Jobs Act of 2017 reduced the individual rates affecting Subchapter S banks.
October 01, 2018 |
ICBA NewsWatch Today
Taxes & Budget
DOJ Indicates Support for ADA Website Flexibility
The Justice Department told members of Congress that it is evaluating whether to issue guidance on web accessibility standards under the Americans with Disabilities Act. Responding to a bipartisan letter from 103 members of Congress requesting clarity, the DOJ stood by its interpretation that the law applies to websites, but left room for a flexible approach.
September 28, 2018 |
ICBA NewsWatch Today
ADA
Free Credit Freezes Are Here
A provision of S. 2155 requiring credit reporting agencies to freeze consumer credit reports at no charge took effect Friday. These security or credit freezes restrict access to credit files to reduce identity theft.
September 24, 2018 |
ICBA NewsWatch Today
Consumer Financial Protection Bureau
Bureau Opening Regional Office in Atlanta
The Bureau of Consumer Financial Protection said it will relocate its southeast regional office from Washington, D.C., to Atlanta, Ga., in late 2019. The bureau already has regional offices in New York, Chicago and San Francisco that host supervision staff, enforcement attorneys and other personnel. The southeast regional team has been temporarily based out of the bureau’s D.C. headquarters since its inception.
September 24, 2018 |
ICBA NewsWatch Today
Consumer Financial Protection Bureau
ICBA to IRS: Maximize Sub S Access to Tax Deduction
ICBA and other banking groups called on the IRS to reconsider its approach to implementing the Tax Cuts and Jobs Act’s 20 percent tax deduction for pass-through businesses. In a joint comment letter, ICBA said the agency should allow all permissible banking activities to be eligible for the deduction.
September 24, 2018 |
ICBA NewsWatch Today
USDA Details Trade Payments Alongside Mexico Deal
Community Bank Income Rises 21 Percent
Agencies Advance 18-Month Exam Cycle
Federal regulators issued interim final rules to enact an ICBA-advocated provision of the S. 2155 regulatory relief law expanding eligibility for the 18-month exam cycle. As authorized by the ICBA Plan for Prosperity-inspired law, the interim final rules generally apply the extended exam cycle to institutions with less than $3 billion in total assets.
August 24, 2018 |
ICBA NewsWatch Today
Lenders Increasingly Ready for Single Security: Survey
Fannie, Freddie Ending Rental-Market Expansion
Bureau Offers HMDA Verification Tool
Consumer Bureau Joins Innovation Network
Tell HUD to Amend Disparate-Impact Rule
ICBA Collecting Stories on Benefits of S. 2155
ICBA Meets with White House, OMB on Sub S Deduction
ICBA met with staff from the White House and the Office of Management and Budget on the Treasury Department’s proposed regulation to implement a 20 percent tax deduction for shareholders in Subchapter S banks and other pass-through entities.
July 31, 2018 |
ICBA NewsWatch Today
Data Breaches Reach New Record in 2017: Report
The number of U.S. data breaches hit a new all-time high in 2017, according to the Identity Theft Resource Center. Identified breaches rose 44.7 percent last year to 1,579.
July 30, 2018 |
ICBA NewsWatch Today
Data Breach Data Security/Fraud
Senate Taking Up Flood Insurance Extension
The Senate this week is scheduled to take up House-passed legislation to extend the National Flood Insurance Program. The House bill would extend the NFIP, which is scheduled to expire on Tuesday, through November.
July 30, 2018 |
ICBA NewsWatch Today
Flood Insurance
FDIC Needs Better IT Coordination: Watchdog
The FDIC has not developed sufficient strategies for several information technology transitions, the agency’s inspector general said. The Office of the Inspector General said the FDIC failed to adequately address IT security concerns, adequately communicate with agency stakeholders on transitioning to the cloud, or implement an enterprise architecture to guide its IT initiatives. It recommended better coordination and including the agency’s IT plans in its governance processes and framework.
July 30, 2018 |
ICBA NewsWatch Today
Agencies/Regulators
FS-ISAC Advises Closer Look at Cyber Insurance
Not understanding cyber-insurance policy riders can come back to haunt covered parties, the Financial Services Information Sharing and Analysis Center reported. In its latest weekly report for community financial institutions, FS-ISAC cites the rise in claim denials by insurance providers and inconsistencies across carriers.
July 30, 2018 |
ICBA NewsWatch Today
Cybersecurity
ICBA Comments on Real-time Monitoring of Fedwire Transfers
Report Offers Steps to Mitigate Cybersecurity Threats
A new report from the Department of Commerce and Homeland Security offers guidelines to help reduce the threat of botnets and similar cyberattacks.
June 04, 2018 |
ICBA NewsWatch Today
Data Security/Fraud
FS-ISAC Highlights Calls to Reboot Routers
This week’s community institution risk summary report highlights calls by federal government agencies and private sector organizations for citizens to reboot their home and office network routers and storage devices, update the firmware, and reset the administrative password.
June 04, 2018 |
ICBA NewsWatch Today
Data Security/Fraud
Giorgio Shares Finovate Observations
In a new blog post, ICBA Bancard President and CEO Tina Giorgio recaps the latest financial technology innovations showcased during last month’s Finovate conference.
May 31, 2018 |
ICBA NewsWatch Today
Payments Fintech Regulation
Farmer Mac Reports 2017 Results and Announces 61% Dividend Increase
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced its results for the fiscal quarter and year ended December 31, 2017, which included $1.6 billion in net new business volume growth that brought total outstanding business volume to $19.0 billion as of December 31, 2017.
March 08, 2018 |
ICBA NewsWatch Today
Bureau Raises Regulation C Thresholds
The Bureau raised the HMDA Regulation C asset-size threshold from $44 million to $45 million as of Dec. 31, 2017.
January 03, 2018 |
ICBA NewsWatch Today
Compliance
CFPB Issues HMDA Resources
CFPB launches HMDA Check Digit Tool & Rate Spread Calculator
January 03, 2018 |
ICBA NewsWatch Today
Compliance
Servicemember Foreclosure Sunset Date Extended
Military personnel will receive certain protections under the Servicemembers Civil Relief Act through Dec. 31, 2019, due to legislation signed into law on Tuesday.
December 15, 2017 |
ICBA NewsWatch Today
Compliance
Jelena McWilliams Nominated for FDIC Chairman
President Donald Trump nominated Jelena McWilliams for chairman of the FDIC.
December 01, 2017 |
ICBA NewsWatch Today
Agencies/Regulators Federal Deposit Insurance Corporation
Labor Department Extends Fiduciary Rule Deadline
ICBA filed a lawsuit on behalf of community banks against Equifax Inc. for its breach of 145.5 million consumer records and 209,000 payment cards
November 29, 2017 |
ICBA NewsWatch Today
Department of Labor
ICBA-Backed Escrow Relief Bill Gets Hearing
The House Subcommittee on Financial Institutions and Consumer Credit took up ICBA-supported legislation to provide needed regulatory relief for mortgage loans held and serviced by community banks.
September 08, 2017 |
ICBA NewsWatch Today
Equifax Breach Could Affect 143M Consumers
Equifax reported a data breach that could potentially affect 143 million U.S. consumers.
September 08, 2017 |
ICBA NewsWatch Today
Data Breach Data Security/Fraud
FAQs Emphasize Scalability of New Accounting Standard
Federal regulators released updated Frequently Asked Questions on the Financial Accounting Standards Board’s Current Expected Credit Loss standard.
September 07, 2017 |
ICBA NewsWatch Today
CECL Audit
Agencies Issue Joint Statement on Hurricane Irma
Federal and state banking regulators said they will provide regulatory assistance to institutions affected by Hurricane Irma.
September 07, 2017 |
ICBA NewsWatch Today
Advocacy
ICBA Advocates Timely NFIP Reauthorization
ICBA called on Congress to ensure a timely reauthorization of the National Flood Insurance Program that avoids unnecessary market disruptions.
September 07, 2017 |
ICBA NewsWatch Today
Flood Insurance
Home Depot Class Action Deadline Next Week
The deadline for banks to file a claim in the Home Depot class-action settlement is next Thursday, Sept. 14.
September 07, 2017 |
ICBA NewsWatch Today
Data Security/Fraud
Banking Periodical Profiles NCBSA Recipient
A Midwest-based e-newsletter that covers bank industry-related events featured a story about one of ICBA’s 2017 National Community Bank Service Award winners.
August 24, 2017 |
ICBA NewsWatch Today
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