ICBA Newsroom

House Subcommittee on Consumer Protection and Financial Institutions Chairman Ed Perlmutter (D-Colo.) announced on Monday that he will not seek reelection this fall, renewing the urgency to pass legislation that creates a safe harbor for banks serving cannabis-related businesses this Congress.

The 2022 ICBA ThinkTECH Accelerator Program kicks off tomorrow with a virtual event to introduce the 2022 cohort and launch the rigorous 12-week program accelerating community banking innovation.

The Biden administration’s vaccine-or-test mandate for employers with 100 or more employees is scheduled to take effect today unless the U.S. Supreme Court halts enforcement.

The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary report focuses on setting up security awareness training for 2022 to meet regulatory requirements.

The FDIC released materials pertaining to call reports for the Dec. 31, 2021, report date, which are generally due by Sunday, Jan. 30.

ICBA Bancard announced management promotions for Rebecca Kruse who was named executive vice president and chief operating officer and Dina Mickens who was promoted to vice president and manager of operations and fraud.

Charles Town, W.Va.-based BCT has experienced rapid growth in recent years after investing heavily in digital banking solutions, namely their website, digital wallets, and mobile deposit features. Still, the bank's previous loan origination system had a manual backend process, leading to a burdensome experience for both borrowers and employees and a lengthy loan turnaround time. To continue growing, BCT needed a loan origination solution with a superior customer front-end and a seamless process, one that would boost efficiencies, enhance customer experience, streamline internal work efforts, and ultimately eliminate unnecessary costs. With Jack Henry, the bank is gaining a centralized and flexible solution that enables lenders to make an informed credit risk decision, track and monitor individual loans as well as manage portfolios.

ICBA today called on the Consumer Financial Protection Bureau to exempt more community banks and small businesses from its proposal to implement new small-business loan data collection and reporting requirements.