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 consumer COVID-19 complaints
The Consumer Financial Protection Bureau reported on more than 8,000 complaints it received from January through May that mention the coronavirus or related terms. Mortgage, credit card, and credit or consumer reporting complaints top the list.
July 17, 2020 |
ICBA NewsWatch Today
Consumer Financial Protection Bureau Crisis Preparedness
ICBA, States Offer Stimulus Plan Ahead of Congressional Debate
As the leaders in responding to the economic fallout of COVID-19 and responsible for two-thirds of Paycheck Protection Program loans, community banks today provided Congress with recommendations for the next economic stimulus package.
July 16, 2020 |
Press Release
Advocacy Crisis Preparedness Lending
Pandemic Relief Letter for State Sign-On
Community bankers across the country have worked tirelessly to deliver PPP loans quickly and successfully on behalf of thousands of small businesses. PPP loans could be a lifeline for borrowers, if the terms for forgiveness are flexible and realistic, reflecting the complexity and variability of the current business environment.
July 16, 2020 |
News
Advocacy Crisis Preparedness
FINBOA Announces New Webinar Series: Process Automation Within Reach
Stimulus grassroots needed ahead of Senate debate
With the Senate set to begin debating the next economic stimulus package next week, ICBA is calling on community bankers to use its Be Heard grassroots action center to weigh in with recommendations.
July 15, 2020 |
ICBA NewsWatch Today
Advocacy Crisis Preparedness
SEC warns of ransomware attacks
The Securities and Exchange Commission issued an alert about recent reports that threat actors are targeting financial institution networks to access internal resources and deploy ransomware.
July 15, 2020 |
ICBA NewsWatch Today
Cybersecurity
Review process for AML deficiencies paused
The Financial Crimes Enforcement Network issued an advisory on the Financial Action Task Force’s reissued list of jurisdictions with strategic deficiencies in countering money laundering, terrorist financing, and proliferation financing.
July 15, 2020 |
ICBA NewsWatch Today
BSA/AML
FSOC to review secondary mortgage market
The Financial Stability Oversight Council will launch an activities-based review of the secondary mortgage market, the Federal Housing Finance Agency said.
July 15, 2020 |
ICBA NewsWatch Today
Mortgage Rules
Community bank PPP share continues climb
Lenders under $10 billion in assets have made some 2.52 million PPP loans worth more than $229 billion through both rounds of funding, according to SBA data through July 10.
July 14, 2020 |
ICBA NewsWatch Today
Advocacy Crisis Preparedness Lending
ICBA seeks updates to Nacha ACH overhaul
ICBA told Nacha that it generally supports a provision in proposed operating rule updates that would employ ACH as a low-cost account-validation method for originators, though it is concerned with the burden on receiving institutions.
July 14, 2020 |
ICBA NewsWatch Today
Compliance
CFPB report touts credit builder loans
The Consumer Financial Protection Bureau released a report on how credit builder loans could help consumers establish credit records and improve the credit scores of those with no outstanding debt. CBLs generally require borrowers to make installment payments before receiving funds.
July 14, 2020 |
ICBA NewsWatch Today
Consumer Financial Protection Bureau
ICBA Bancard Announces New Board of Directors Members
ICBA Bancard, the payments subsidiary of the Independent Community Bankers of America, today announced that Gregory Hohl, chairman and president of Wahoo State Bank in Wahoo, Nebraska, and Jim Amundson, president and CEO of the Independent Community Bankers of Minnesota, were elected to the ICBA Bancard board of directors.
July 14, 2020 |
Press Release
Visa to discontinue Auto Rental Collision Damage Waiver and Warranty Manager
Effective January 31, 2021, Visa will discontinue the Auto Rental Collision Damage waiver (ARCDW) and Warranty Manager (WM) benefits as mandatory, Visa-funded benefits from the U.S. consumer credit platform except for Visa Infinite cards.
July 14, 2020 |
News
First monthly PPP reports due tomorrow: SBA
Paycheck Protection Program lenders must submit the first monthly PPP 1502 report by tomorrow, July 15, according to a new procedural notice issued Monday night by the SBA. The SBA said it is granting a two-day grace period for this month's report.
July 14, 2020 |
ICBA NewsWatch Today
Crisis Preparedness Lending
Stimulus campaign continues amid congressional debate
With Congress continuing to debate the next economic stimulus package, community bankers can continue using ICBA's Be Heard grassroots action center to weigh in with recommendations.
July 14, 2020 |
ICBA NewsWatch Today
Advocacy Crisis Preparedness
House committee passes ag appropriations
The House Appropriations Committee approved fiscal 2021 agriculture and rural development legislation. The bill allows for a combined $153 billion in discretionary and mandatory funding, an increase of $331 million over fiscal 2020.
July 13, 2020 |
ICBA NewsWatch Today
Agriculture
ICBA: Commercial firms shouldn't own banks
ICBA told the FDIC that commercial firms should not own full-service banks or industrial loan companies, even if they are subject to enhanced supervision and regulation.
July 13, 2020 |
ICBA NewsWatch Today
Lending
CFPB reports on debt settlement, credit counseling
The Consumer Financial Protection Bureau released a report documenting changes in how consumers have used debt settlement and credit counseling for unsecured debt.
July 13, 2020 |
ICBA NewsWatch Today
Consumer Financial Protection Bureau
ICBA to FDIC: Commercial Firms Shouldn't Own Banks
The Independent Community Bankers of America told the Federal Deposit Insurance Corp. that commercial firms should not own full-service banks or industrial loan companies, even if they are subject to enhanced supervision and regulation
July 10, 2020 |
Press Release
Support grows for ICBA-backed PPP forgiveness bill
Nearly 140 other organizations joined ICBA in urging Congress to advance legislation that would forgive Paycheck Protection Program loans under $150,000.
July 10, 2020 |
ICBA NewsWatch Today
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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