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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.

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ICBA: Credit unions are violating the limits established by Congress

After the announcement of the 15th credit union acquisition of a community bank this year, ICBA said the acquisition trend shows credit unions have expanded beyond the limits established by Congress to justify their federal tax exemption.
September 05, 2024 | ICBA NewsWatch Today   Credit Unions 

ICBA: Proposed expansion of Fedwire/NSS operating hours not necessary

ICBA said the Federal Reserve’s proposed expansion of Fedwire Funds Service and National Settlement Service hours to 22 hours per day, seven days a week would place significant burdens on community banks for what is likely to be a low volume of transactions.
September 05, 2024 | ICBA NewsWatch Today   Federal Reserve 

3 Major Community Bank Compliance Challenges (and Solutions)

The regulatory compliance burden is a big and growing consideration for community banks. Thankfully, there are plenty of techniques and resources for keeping on top of this ever-changing task.
September 05, 2024 | Independent Banker   Compliance 

CNBC features opposition to credit union acquisitions of community banks

ICBA’s campaign spotlighting credit union tax and regulatory inequities generated new coverage this week with a CNBC segment on acquisitions of community banks.
September 04, 2024 | ICBA NewsWatch Today   Credit Unions 

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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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