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.
SolarWinds-related breaches: What community banks need to know
The supply chain attack on the SolarWinds Orion Platform, and the subsequent breaches to its customers, is a significant cybersecurity event that is affecting every corner of the public and private sectors, including community banking.
December 16, 2020 |
ICBA NewsWatch Today
Cybersecurity
FDIC proposes amendments to SAR regs
The FDIC proposed a rule to amend the agency’s Suspicious Activity Report regulation. The proposal would permit the FDIC to issue additional, case-by-case exemptions from SAR filing requirements to FDIC-supervised institutions.
December 16, 2020 |
ICBA NewsWatch Today
Compliance
Community Banks Participating in ICBA/Travelers Program Receive Year End Dividend
The Independent Community Bankers of America today announced that a dividend of $4.3 million will be shared by more than 1,200 community banks based on their participation in the 2019 ICBA/Travelers insurance program.
December 16, 2020 |
Press Release
ICBA Statement on ILC, Brokered Deposit Rules
Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued a statement on today's Federal Deposit Insurance Corp. final rule on industrial loan companies.
December 15, 2020 |
Press Release
Commerce & Banking Deposit Insurance Lending
ICBA: CFPB should narrow 1071 reporting plan
The Consumer Financial Protection Bureau's outline of proposals for implementing small-business data collection and reporting rules is too broad and should be narrowed, ICBA said.
December 15, 2020 |
ICBA NewsWatch Today
Consumer Financial Protection Bureau
Bipartisan stimulus proposal includes ICBA priorities
Draft proposed legislation released by a bipartisan group of lawmakers includes ICBA-advocated stimulus priorities.
December 15, 2020 |
ICBA NewsWatch Today
Advocacy Crisis Preparedness Lending
Romero Rainey: Act now on stimulus push
ICBA President and CEO Rebeca Romero Rainey called on community bankers to make a final push for Congress to pass an economic relief package with key stimulus priorities.
December 15, 2020 |
ICBA NewsWatch Today
Advocacy Crisis Preparedness Lending
ICBA Response to the CFPB’s Outline of Proposals for 1071
The Independent Community Bankers of America welcomes the opportunity to comment on the Consumer Financial Protection Bureau’s Outline of Proposals under consideration to implement the small business lending data collection requirements under Section 1071 of the Dodd-Frank Act.
December 14, 2020 |
News
Commerce & Banking
FDIC board meeting on ILC parent companies, brokered deposits
The FDIC board of directors is set to meet tomorrow to vote on a final rule to codify its capital, liquidity and source-of-strength requirements for industrial loan company parent companies.
December 14, 2020 |
ICBA NewsWatch Today
Lending
ICBA, state groups continue push for EIDL fix
ICBA and 44 state community banking associations called on Congress to fully forgive Economic Injury Disaster Loan Advances for recipients who also have a Paycheck Protection Program loan.
December 14, 2020 |
ICBA NewsWatch Today
Advocacy Crisis Preparedness Lending
McWilliams touts "continuous engagement" oversight approach
More regular and informal meetings between banks and regulators to discuss operations and emerging risks could reduce the need for cumbersome quarterly reporting, FDIC Chairman Jelena McWilliams said.
December 14, 2020 |
ICBA NewsWatch Today
Regulatory Relief
CFPB finalizes QM reforms
The Consumer Financial Protection Bureau finalized rules addressing the pending expiration of the "GSE Patch," which exempts Fannie Mae and Freddie Mac mortgage loans from parts of the bureau's Qualified Mortgage rule.
December 11, 2020 |
ICBA NewsWatch Today
Compliance
Senate vote on 'beneficial owner' reform as soon as today
The Senate is expected to vote as soon as today on a compromise defense spending bill that includes a key step toward ICBA-advocated relief from "beneficial ownership" disclosure mandates.
December 11, 2020 |
ICBA NewsWatch Today
BSA/AML
Time running out on stimulus grassroots
With Congress running out of time to pass a stimulus package by year-end, ICBA is calling on community bankers to reach out to their lawmakers and enlist small-business customers on outstanding priorities.
December 11, 2020 |
ICBA NewsWatch Today
Advocacy Crisis Preparedness Lending
ICBA’s Rebeca Romero Rainey, Paul Merski Named by The Hill as Top Lobbyists
Independent Community Bankers of America President and CEO Rebeca Romero Rainey and ICBA Group Executive Vice President of Congressional Relations and Strategy Paul Merski are featured on The Hill’s 2020 list of the top influencers in the nation.
December 11, 2020 |
Press Release
Advocacy
SBA issues FAQ on PPP questionnaires
The SBA updated its Paycheck Protection Program frequently asked questions with guidance on why some PPP borrowers are receiving a loan necessity questionnaire.
December 10, 2020 |
ICBA NewsWatch Today
Advocacy Crisis Preparedness Lending
Grassroots urgent as stimulus talks heat up
As congressional negotiations over an economic stimulus package heat up, ICBA continues calling on community bankers to urge their lawmakers to include ICBA-advocated provisions.
December 10, 2020 |
ICBA NewsWatch Today
Advocacy Crisis Preparedness Lending
'Beneficial owner' reform passes House
The House voted 335-78 to pass a compromise defense spending bill that includes a key step toward ICBA-advocated relief from "beneficial ownership" disclosure mandates.
December 09, 2020 |
ICBA NewsWatch Today
Financial Crimes Enforcement Network
ICBA urges Congress to pass stimulus relief
ICBA called on Congress to enact pandemic relief legislation before the close of the 116th Congress.
December 09, 2020 |
ICBA NewsWatch Today
Advocacy Crisis Preparedness
SBA details tax reporting on covered 7(a) payments
The SBA issued a notice on the six months of 7(a), 504, and Microloan payments it is making for borrowers under Section 1112 of the CARES Act.
December 09, 2020 |
ICBA NewsWatch Today
Advocacy
Comment Letter to the OCC concerning Figure Bank
The Independent Community Bankers of America appreciates this opportunity to provide comment to the Office of the Comptroller of the Currency regarding the de novo bank charter application by Figure Bank, National Association dated November 6, 2020.
December 07, 2020 |
News
Commerce & Banking
Bowman: Fed to offer best practices on fintech partnerships
The Federal Reserve plans to publish a white paper early next year on community bank partnerships with fintech companies and effective practices for managing those arrangements, Fed Governor Michelle "Miki" Bowman told ICBA community bankers.
December 07, 2020 |
ICBA NewsWatch Today
Technology Fintech Innovation Fintech Regulation
ICBA urges Congress to pass 'beneficial owner' reform
ICBA called on members of Congress to pass a compromise defense spending bill that includes a key step toward ICBA-advocated relief from "beneficial ownership" disclosure mandates.
December 07, 2020 |
ICBA NewsWatch Today
BSA/AML
ARRC issues guide on LIBOR developments
The Alternative Reference Rates Committee released a guide and webinar recording on recent announcements on the transition from U.S. dollar LIBOR.
December 07, 2020 |
ICBA NewsWatch Today
Lending
'Beneficial owner' reform included in defense bill set for final vote
ICBA-advocated legislative language to provide relief from "beneficial ownership" disclosure mandates is included in compromise spending legislation headed to a final congressional vote.
December 04, 2020 |
ICBA NewsWatch Today
BSA/AML
ICBA pushes PPP expense deductibility
ICBA and more than 500 other groups called on Congress to pass a technical correction amending the CARES Act to explicitly provide that PPP loan-forgiveness funds that cover business expenses are tax deductible.
December 04, 2020 |
ICBA NewsWatch Today
Scott, Thompson set to take over House Ag Committee
Rep. David Scott (D-Ga.) will be the next House Agriculture Committee chairman after winning the vote of the House Democratic Caucus.
December 04, 2020 |
ICBA NewsWatch Today
Agriculture
Maximizing Your Credit Card Portfolio in a COVID-19 Environment
COVID-19 has created financial strain for millions of Americans. For example, 56 percent of consumers have reported difficulties paying bills due to loss of employment or income, and another 76 percent of small businesses have acknowledged cash flow shortages.
December 03, 2020 |
Payments Quarterly
A Note from the Chairman
Overnight, our banks were called upon to enhance and expand our digital offerings not because they perhaps needed a technology upgrade, but because our customers needed to be able to transact in new, remote ways.
December 03, 2020 |
Payments Quarterly
Marketing Payments Products to Small Business Customers
As community bank payment products become an increasingly central product line for small business customers, community banks are seeking new ways to connect with this important segment in today’s digitized environment.
December 03, 2020 |
Payments Quarterly
Now is the time for card modernization
Digital transformation isn’t just a buzzword—it’s become a critical need that will determine winners and losers in the coming year. The delay in innovation within banking has meant that many card issuers are now rushing to catch up with the technology adoption seen in other industries.
December 03, 2020 |
Payments Quarterly
Protecting Against Fraud as Adoption of Digital Payments Soar
The global pandemic has prompted consumers to reimagine how they interact with others, how they handle their daily duties, and how they conduct their financial business.
December 03, 2020 |
Payments Quarterly
Shift in Spending Habits Spurs Acceleration of Digital Payments Transformation
Community banks were already planning for a digital payments transformation, but the shift in spending habits during the coronavirus quarantine caused many community banks to accelerate, or prioritize, that transformation.
December 03, 2020 |
Payments Quarterly
Lincoln Savings Bank Among Top SBA Lenders in Iowa for FY 2020
Lincoln Savings Bank (LSB) is one of the top SBA lenders in the state of Iowa for fiscal year 2020, and a recipient of three SBA “Top Lender” awards from the Iowa District Office. LSB was recognized yesterday for:
December 03, 2020 |
News
Community bank net income rises 10%: FDIC
Community bank net income increased 10 percent in the third quarter from the same time last year, according to the FDIC's Quarterly Banking Profile.
December 02, 2020 |
ICBA NewsWatch Today
OCC reduces assessments for 2021
The OCC said it is reducing rates in all fee schedules by 3 percent for the 2021 calendar year. The reduced assessments go into effect Jan. 1.
December 02, 2020 |
ICBA NewsWatch Today
Compliance
FBI: cyber criminals targeting web-based email
The FBI recently issued a Private Industry Notification warning that cyber criminals are taking advantage of the work-from-home environment to exploit web-based email applications.
December 02, 2020 |
ICBA NewsWatch Today
Cybersecurity Data Security/Fraud
ICBA: No disparate impact liability under ECOA
ICBA told the Consumer Financial Protection Bureau that "disparate impact" liability is not legally cognizable under the Equal Credit Opportunity Act.
December 02, 2020 |
ICBA NewsWatch Today
Consumer Financial Protection Bureau Lending
CFPB issues final policy on advisory opinions
The Consumer Financial Protection Bureau issued its final policy on advisory opinions, which are designed to provide guidance to entities on outstanding regulatory uncertainty.
December 01, 2020 |
ICBA NewsWatch Today
Consumer Financial Protection Bureau Compliance
Agencies encourage end of LIBOR-based contracts
Federal regulators issued a joint statement encouraging banks to cease entering into new contracts that use U.S. dollar LIBOR as a reference rate as soon as practicable and no later than Dec. 31, 2021, to facilitate the transition away from LIBOR.
December 01, 2020 |
ICBA NewsWatch Today
Compliance Lending
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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