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CDFI Fund extends deadlines for certification application
The Community Development Financial Institutions Fund extended the application deadlines outlining when current CDFIs must reapply for CDFI certification using the revised version of the application.
Fed issues ICBA-requested extension on Fedwire comment period
The Federal Reserve extended until Sept. 6 the comment period on its proposal to expand Fedwire Funds Service and National Settlement Services operating hours. Comments on the proposal were...
Educate the Consumer – Make a Dent in Fighting Fraud
With every passing year, there are new threat attacks and innovative variations of old fraud schemes that still reign successful. And criminals continue to do their possible best to gain financial...
The FedNow Service is Turning 1, What Comes Next?
With the FedNow Service approaching the anniversary of its July 2023 launch, it's appropriate to reflect on how far we've come and what comes next with respect to instant payments and the FedNow...
ICBA urges unified, streamlined bank merger review process
ICBA told the FDIC that its bank merger review process requires significant revisions to be streamlined and equitable to community banks.
The Technology Take
As ICBA Bancard transitions to ICBA Payments, reflecting on our past will help to fuel our future success. While our name has changed, the goal of serving community banks has remained a constant...
Agencies finalize rule on automated valuation models
Federal financial services regulators issued a final rule to implement quality control standards for automated valuation models, or AVMs, which mortgage lenders use to value real estate collateral.
FDIC finalizes new resolution filings for banks over $50B
The FDIC approved a final rule to require resolutions plans for banks with at least $100 billion in assets and “informational filings” for banks over $50 billion.
Banking agencies propose amending BSA requirements
Federal banking regulators issued a proposed rule that would amend Bank Secrecy Act requirements for anti-money-laundering and countering-the-financing-of-terrorism programs.
Bill to pause Fed debit card rule introduced in Senate
ICBA-advocated legislation directing the Federal Reserve to stop and study its proposed changes to Regulation II before finalizing the rule was introduced in the Senate.
ICBA CRA Solutions/USI Alliance Names NY Community Banker New Chairman
ICBA CRA Solutions/USI Alliance, an ICBA subsidiary, today announced the election of Robert Fisher, chairman and president of Tioga State Bank in Spencer, N.Y. as chairman of the USI Alliance board...
CSBS: More transparent bank merger policy proposal needed
The Conference of State Bank Supervisors said the FDIC’s proposed bank merger policy would create more challenges than benefits for the banking industry, especially for community banks.
FDIC board meeting today
The FDIC board of directors scheduled a meeting for 10 a.m. (Eastern time) today.
Independent Banker publishes guide for succession planning
Only 20% of community banks feel fully prepared for the succession of their CEO and other executives to the next generation, according to a recent article in Independent Banker magazine.
Fed's Bowman touts cautious regulatory approach to innovations
Federal Reserve Governor Michelle Bowman said regulators need to understand emerging technologies such as artificial intelligence, blockchain, and tokenization, including how they may be used in...
Nominations open for Best Community Banks to Work For awards
ICBA’s Independent Banker magazine opened nominations for its 2024 Best Community Banks to Work For awards, sponsored by FIS.
FinCEN: Banks should remain vigilant to elder financial exploitation
In recognition of World Elder Abuse Awareness Day, the FinCEN reminded financial institutions to remain vigilant in identifying and reporting suspicious activity related to elder financial...
Community Bank Briefing for Q2
Join ICBA experts for a quarterly update on industry news and highlights on Thursday, June 27, at 2 p.m. (Eastern time). Register here.
CFPB director says a level playing field is needed in CRA modernization
Consumer Financial Protection Bureau Director Rohit Chopra provided his semi-annual report to the House Financial Services Committee. Highlights:
Survey: Almost all central banks are researching CBDC
Nearly all central banks are researching whether to issue a central bank digital currency, according to a Bank for International Settlements survey.