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 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
ICBA Independent Banker Ranks Community Bank Top Lenders
Independent Banker, the award-winning magazine of the Independent Community Bankers of America and the number-one source for community banking news, announced its rankings of the top community bank loan producers for 2020 in the July issue.
July 10, 2020 |
Press Release
Lending
SoFi ditches ILC push for full-service bank charter
Fintech company SoFi applied for a full-service national bank charter with the OCC after withdrawing its industrial loan company application nearly three years ago, according to reports.
July 10, 2020 |
ICBA NewsWatch Today
Lending
ICBA continues fighting debt plan for largest credit unions
ICBA continued pushing back against a National Credit Union Administration proposal that would allow the largest and most complex credit unions to issue subordinated debt as an alternative form of capital.
July 10, 2020 |
ICBA NewsWatch Today
Credit Unions
ICBA resources follow PPP data release
ICBA this week released talking points and a sample letter to PPP borrowers about the SBA and Treasury Department release of information about individual Paycheck Protection Program loans.
July 09, 2020 |
ICBA NewsWatch Today
Crisis Preparedness
ICBA to Approps panel: Don't expand Farm Credit
ICBA urged the House Appropriations Subcommittee on Defense to ensure the fiscal 2021 defense spending bill does not include any expansion of the Farm Credit System.
July 09, 2020 |
ICBA NewsWatch Today
Agriculture
ICBA urging ILC grassroots outreach
ICBA is calling on community bankers to urge their senators to co-sponsor legislation to close the industrial loan company loophole.
July 09, 2020 |
ICBA NewsWatch Today
Lending
CFPB rescinds part of small-dollar rule
The Consumer Financial Protection Bureau issued a final rule on small-dollar lending that rescinds the mandatory underwriting provisions of the 2017 rule but keeps its payments provisions.
July 08, 2020 |
ICBA NewsWatch Today
Consumer Financial Protection Bureau Compliance
ICBA seeking ILC grassroots outreach
ICBA continues calling on community bankers to urge their senators to co-sponsor legislation to close the industrial loan company loophole.
July 08, 2020 |
ICBA NewsWatch Today
Lending
CFPB ratifies regulations following Supreme Court decision
The Consumer Financial Protection Bureau ratified most regulatory actions it took from Jan. 4, 2012, through June 30, 2020. The CFPB said the move provides the financial marketplace with certainty that the rules are valid following last week's Supreme Court ruling that the bureau's single-director governance structure is unconstitutional.
July 08, 2020 |
ICBA NewsWatch Today
Consumer Financial Protection Bureau Compliance
IRS cancels stimulus payments to ineligible recipients
The IRS cancelled outstanding Economic Impact Payment checks issued to recipients who may not be eligible for the stimulus payments, including those who might be deceased.
July 08, 2020 |
ICBA NewsWatch Today
Advocacy Crisis Preparedness
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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