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.
Safe deposit boxes can have benefits beyond revenue
Safe deposit boxes aren’t big revenue drivers at most community banks, but for some customers, they can be an important service. They provide peace of mind when breaches and hacks have eroded trust for many.
September 01, 2020 |
Independent Banker
Compliance
CFOs on how to account for the year's uncertainty
The Paycheck Protection Program (PPP) has been a lifesaver for many U.S. businesses during the COVID-19 pandemic, but it’s also required many community banks to make significant adjustments with respect to business practices, roles, budgeting and projections. We spoke to several chief financial officers and other community bank executives about how they are handling these changes.
September 01, 2020 |
Independent Banker
Growing the Community
Compensation strategies to retain your bank’s top talent
Gone are the days of defining compensation as salary and bonus. Today’s star employees—whether existing or prospective—are demanding ever-more innovative employment packages.
September 01, 2020 |
Independent Banker
2020’s National Community Bank Service Award winner? You
ICBA’s National Community Bank Service Awards is a moment to celebrate the community banks that have stepped up for their communities in significant ways. This year, all community banks have faced a huge challenge in the COVID-19 pandemic. So, instead of highlighting a few winners, this year we are honoring all community banks. Here, we share just some of the many inspiring stories ICBA members submitted.
September 01, 2020 |
Independent Banker
ICBA to Community Banks: You are All Winners
ICBA announced this year’s National Community Bank Service Awards by recognizing community banks across the nation for their extraordinary efforts to help small businesses, consumers, and their communities amid the COVID-19 pandemic.
August 31, 2020 |
Press Release
ICBA Urges Transparency in JPMorgan, Postal Service Discussions
ICBA called on the U.S. Postal Regulatory Commission to investigate reports that the U.S. Postal Service is considering an exclusive agreement with JPMorgan Chase to provide banking services through the postal branch network.
August 24, 2020 |
Press Release
Postal Service Banking
CFPB releases 2021 HMDA guide
The Consumer Financial Protection Bureau released the 2021 Filing Instructions Guide for Home Mortgage Disclosure Act data.
August 24, 2020 |
ICBA NewsWatch Today
Compliance Compliance
Visa Global Economic Insights report (August 2020)
Visa economists report that COVID-19’s impact on consumer spending is similar to consumer spending in retirement.
August 24, 2020 |
News
Visa Monthly Consumer Monitor (August 2020)
Visa’s economists provide a look at consumer spending, including retail sales (excluding autos), personal disposable income data, and labor market recovery.
August 24, 2020 |
News
FINBOA Welcomes Oconee Federal Savings and Loan
Oconee Federal Savings and Loan will join a growing number of community banks nationwide who have chosen FINBOA to transform the management of Reg E compliance.
August 20, 2020 |
News
Compliance
CFPB proposes "seasoned" QMs
The Consumer Financial Protection Bureau issued a notice of proposed rulemaking to create a new category of "seasoned" qualified mortgages.
August 19, 2020 |
ICBA NewsWatch Today
Compliance Compliance
FinCEN issues statement on BSA enforcement
The Financial Crimes Enforcement Network issued a statement on its approach to enforcing Bank Secrecy Act rules and regulations.
August 19, 2020 |
ICBA NewsWatch Today
Compliance Compliance
Data Show Community Banks Lead Economic Recovery
The Independent Community Bankers of America today said recently released data show that community banks are the unequivocal leaders of the U.S. economic recovery due to their outsized role as providers of Paycheck Protection Program small-business loans.
August 19, 2020 |
Press Release
Crisis Preparedness Lending
ICBA calls for withdrawal of misguided GSE directives
ICBA is calling for the Federal Housing Finance Agency and Fannie Mae and Freddie Mac to immediately rescind the decision to charge a 0.5 percent fee on refinance mortgages.
August 17, 2020 |
ICBA NewsWatch Today
Housing Finance/GSEs
Improve your digital presence webinar
Join us for ICBA Bancard’s webinar, presented by Fintel Connect to learn how to improve your digital presence with a campaign-driven approach to winning customers online.
August 17, 2020 |
News
Marketing
Fed article explores “token-based and “account-based” digital currency distinctions
A New York Fed blog by Rod Garratt, Michael Lee, Brendan Malone, and Antoine Martin explores common distinctions made between “token-based” and “account-based” digital currencies.
August 17, 2020 |
ICBA NewsWatch Today
Cybersecurity
Blog discusses intersection between fintech and regulation
Unless you have been living on a desert island for the past few years, you would be hard-pressed to miss the technological revolution that is sweeping our nation’s financial system and the larger global economy, ICBA’s Chris Cole and Charles Potts write in a recent Main Street Matters blog.
August 17, 2020 |
ICBA NewsWatch Today
Crisis Preparedness
Regulators clarify enforcement actions for BSA/AML violations
The federal financial regulatory agencies issued a joint statement clarifying their enforcement approach for Bank Secrecy Act/anti-money laundering obligations and the circumstances under which an agency would take action to address BSA/AML deficiencies.
August 17, 2020 |
ICBA NewsWatch Today
BSA/AML
Visa U.S. Economic Outlook (August 2020)
After solid job growth and robust consumer spending readings in May and June, the U.S. economy was cruising along at a decent speed of recovery.
August 17, 2020 |
News
ICBA Responds to GSE decision to impose 50bp fee on mortgage refinances
Plans to impose a 50 basis point fee on most refinance mortgages delivered to Fannie Mae and Freddie Mac after Sept. 1 will unnecessarily raise the cost of mortgage credit for consumers.
August 14, 2020 |
ICBA NewsWatch Today
Housing Finance/GSEs
Op-ed notes rising credit union acquisitions in the Midwest
The recent purchase of West End Bank by 3Rivers Federal Credit Union last month, is part of a disturbing trend of large, billion-dollar credit unions buying small community banks, writes Thomas Aiello of the National Taxpayers Union.
August 14, 2020 |
ICBA NewsWatch Today
Credit Unions
ICBA ThinkTECH partner named top accelerator program by Finovate
ICBA’s ThinkTECH Accelerator partner, The Venture Center, will be recognized during the Finovate fall virtual conference in September for its efforts to nurture quality fintech companies and prime them for success.
August 14, 2020 |
ICBA NewsWatch Today
Grassroots push continues amid stimulus debate
As negotiations over the next emergency stimulus package continue, ICBA is calling on community bankers to urge needed reforms.
August 14, 2020 |
ICBA NewsWatch Today
Crisis Preparedness
ICBA Statement on Fannie Mae/Freddie Mac Decision to Impose 50 Basis Point Fee on Mortgage Refinances
The Independent Community Bankers of America today issued a statement regarding the recent decision made by Fannie Mae and Freddie Mac to impose a 50 basis point fee on most refinance mortgages that are delivered to the GSEs as of September 1, 2020.
August 13, 2020 |
Press Release
Mortgage Rules Housing Finance/GSEs
ICBA kicks off ThinkTECH 3.0
ICBA announced the kickoff of its third ICBA ThinkTECH Accelerator program in partnership with The Venture Center.
August 13, 2020 |
ICBA NewsWatch Today
Blog discusses intersection between fintech and regulation
Unless you have been living on a desert island for the past few years, you would be hard-pressed to miss the technological revolution that is sweeping our nation’s financial system and the larger global economy, ICBA’s Chris Cole and Charles Potts write in a new blog post.
August 13, 2020 |
ICBA NewsWatch Today
Cybersecurity
Kennedy to FDIC: Stop companies from taking advantage of ILC loophole
Sen. John Kennedy (R-La.) wrote to FDIC Chairman Jelena McWilliams urging her not to allow industrial loan companies to exploit a loophole in the Bank Holding Company Act during the coronavirus pandemic.
August 13, 2020 |
ICBA NewsWatch Today
Crisis Preparedness Lending
CISA issues alert on SBA COVID-19 relief website attack
The Cybersecurity and Infrastructure Security Agency issued an alert concerning an unknown malicious cyber actor spoofing the Small Business Administration's COVID-19 relief webpage via phishing emails.
August 13, 2020 |
ICBA NewsWatch Today
Crisis Preparedness Cybersecurity
SBA issues interim final rule on loan review, updates FAQs
The SBA released an interim final rule on appeals of SBA loan review decisions under the Paycheck Protection Program that outlines the process for borrowers to appeal adverse SBA decisions.
August 12, 2020 |
ICBA NewsWatch Today
ICBA seeks extension on ECOA RFI deadline
ICBA joined other groups urging the Consumer Financial Protection Bureau not to rush potential changes to the Equal Credit Opportunity Act.
August 12, 2020 |
ICBA NewsWatch Today
Lending
Fintech Application Period Kicks Off for ICBA ThinkTECH Accelerator
ICBA today opened the application period for its third ICBA ThinkTECH Accelerator program in partnership with The Venture Center. The latest iteration of this global fintech accelerator continues ICBA’s mission to create and promote an environment where community banks flourish.
August 12, 2020 |
Press Release
HUD sets aside funding to help low-income households amid COVID-19
The Department of Housing and Urban Development announced $472 million in CARES Act funding to help low-income families during the coronavirus pandemic.
August 12, 2020 |
ICBA NewsWatch Today
Crisis Preparedness Housing Finance/GSEs
Smaller lenders lead on PPP: SBA data
Lenders under $10 billion in assets have made some 2.74 million Paycheck Protection Program loans worth more than $233 billion through both rounds of funding, the SBA reported.
August 12, 2020 |
ICBA NewsWatch Today
ICBA’s Romero Rainey to policymakers: streamline PPP forgiveness process
Policymakers need to simplify the onerous forgiveness process for small businesses to ensure the Paycheck Protection Program fulfills its purpose to support the nation’s top job creators, ICBA President and CEO Rebeca Romero Rainey writes in a new op-ed in The Hill.
August 11, 2020 |
ICBA NewsWatch Today
Advocacy
ICBA to CFPB: extend GSE patch
ICBA filed a comment letter urging the Consumer Financial Protection Bureau to extend its policy exempting Fannie Mae and Freddie Mac mortgage loans from the bureau’s Qualified Mortgage rule to January 2022 or one year from the finalization of any proposed rule.
August 11, 2020 |
ICBA NewsWatch Today
Consumer Financial Protection Bureau Housing Finance/GSEs
OCC reduces assessments due to COVID-19
The OCC is reducing assessments due to the OCC on Sept. 30, 2020, because of the COVID-19 emergency.
August 11, 2020 |
ICBA NewsWatch Today
Crisis Preparedness
Main Street, Inc. Acquires Marketing Technology Software Provider Onovative
Main Street, Inc., a leading provider of data-driven print services to community financial institutions across the nation, announced today the acquisition of Onovative, an automated marketing technology software provider based in Louisville, Kentucky.
August 11, 2020 |
News
ICBA payments brief focuses on small biz
ICBA's latest Payments Executive Brief focuses on how community banks can use payments to take advantage of small-business opportunities.
August 11, 2020 |
ICBA NewsWatch Today
PPP forgiveness platform now live
The Small Business Administration's Paycheck Protection Program forgiveness platform is live and scheduled to begin accepting loan-forgiveness applications and decisions today.
August 10, 2020 |
ICBA NewsWatch Today
Crisis Preparedness Lending
Visa American Mood Trend (August 2020)
Visa’s economists report on the dip in consumer confidence in July, how back-to-school spending will differ in 2020, and expectations for business conditions over the next six months.
August 10, 2020 |
News
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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