ICBA Newsroom

ICBA Bancard announced management promotions for Rebecca Kruse who was named executive vice president and chief operating officer and Dina Mickens who was promoted to vice president and manager of operations and fraud.

Charles Town, W.Va.-based BCT has experienced rapid growth in recent years after investing heavily in digital banking solutions, namely their website, digital wallets, and mobile deposit features. Still, the bank's previous loan origination system had a manual backend process, leading to a burdensome experience for both borrowers and employees and a lengthy loan turnaround time. To continue growing, BCT needed a loan origination solution with a superior customer front-end and a seamless process, one that would boost efficiencies, enhance customer experience, streamline internal work efforts, and ultimately eliminate unnecessary costs. With Jack Henry, the bank is gaining a centralized and flexible solution that enables lenders to make an informed credit risk decision, track and monitor individual loans as well as manage portfolios.

ICBA today called on the Consumer Financial Protection Bureau to exempt more community banks and small businesses from its proposal to implement new small-business loan data collection and reporting requirements.

The Independent Community Bankers of America today announced several staff promotions in recognition of their efforts to support the nation’s community banks.

The Nebraska Department of Banking and Finance denied an application by $7.9 billion-asset GreenState Credit Union in North Liberty, Iowa, to acquire $395 million-asset Premier Bank in Omaha.

More than half of all consumer complaints received by the Consumer Financial Protection Bureau from January 2020 through September 2021 were directed at Equifax, Experian, and TransUnion, the bureau said.

Comments on the Consumer Financial Protection Bureau’s 1071 data collection and reporting requirements are due tomorrow, Jan. 6.

Community bankers can join forward-thinking innovators for the 2022 ICBA ThinkTECH Accelerator Program kickoff next week.

Comments on the Consumer Financial Protection Bureau’s 1071 data collection and reporting requirements are due this Thursday, Jan. 6.

ICBA said that while it supports robust financial disclosures for Fannie Mae and Freddie Mac, it is concerned that the government-sponsored enterprises seem to be in a perpetual conservatorship.