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FinCEN sanctions Russian virtual currency cybercriminals

The Financial Crimes Enforcement Network sanctioned PM2BTC, a Russian virtual currency exchanger associated with Sergey Sergeevich Ivanov, as being a money-laundering concern in connection with...

Sep 27, 2024
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Article
Financial Crimes Enforcement Network (FinCEN)

Blog post: Community bankers find solutions, connections at ICBA LIVE

The challenges community bankers face—from compliance issues to cybersecurity and staffing concerns—require the industry to come together to amplify its voice and find solutions at ICBA LIVE 2025,...

Sep 26, 2024
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Article

ICBA Shares Consumer Tips to Protect Financial Data During Cybersecurity Awareness Month

In recognition of Cybersecurity Awareness Month, the Independent Community Bankers of America (ICBA) offers tips to help consumers protect their sensitive financial information and minimize the...

Oct 01, 2024
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Article
Cybersecurity

FHFA proposes updates to FHLBank liquidity rules

The Federal Housing Finance Agency issued a proposed rule that would amend its regulation of Federal Home Loan Bank unsecured credit limits.

Oct 01, 2024
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Article
Federal Housing Finance Agency

FHFA issues climate risk advisory to FHLBanks

The Federal Housing Finance Agency issued an advisory bulletin that provides guidance to the Federal Home Loan Banks on incorporating climate-related risks into their risk-management frameworks.

Oct 01, 2024
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Article
Federal Housing Finance Agency

Instant Payments Pilot Opportunity

In case you missed it, ICBA recently announced a partnership with Pidgin, a company that provides best-in-class faster payments capabilities. The partnership is aimed at supporting community banks...

Sep 30, 2024
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Article

ICBA Names René Shonerd as Executive Vice President, Chief Information Officer

The Independent Community Bankers of America® (ICBA) announced today that René Shonerd has joined as executive vice president and chief information officer (CIO).

Sep 30, 2024
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Article

FHFA advises FHLBanks on credit risk and liquidity

The Federal Housing Finance Agency issued an advisory bulletin to the Federal Home Loan Banks that details expectations for providing members with access to advances in a safe and sound manner.

Sep 30, 2024
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Article
Federal Housing Finance Agency

FDIC announces relief for Georgia, Vermont banks

The FDIC announced regulatory relief to facilitate recovery in areas of Georgia affected by Tropical Storm Debby and areas of Vermont affected by severe storms, flooding, landslides, and mudslides.

Sep 30, 2024
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Article

ICBA urging community banker participation in EGRPRA review

ICBA recently issued a guide to help community bankers participate in the Economic Growth and Regulatory Paperwork Reduction Act review process launched by banking regulators this year.

Sep 30, 2024
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Article

ICBA Community tops 4,000 users

The ICBA Community online platform continues to grow and has now surpassed 4,000 members.

Sep 27, 2024
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Article

ICBA push on credit union deals garners more media attention

ICBA’s campaign opposing credit union acquisitions of tax-paying community banks continued generating headlines with a new Bloomberg report on the FDIC’s recent policy update on bank mergers.

Sep 27, 2024
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Article
Credit Unions

Senator Moran: Help needed for agriculture

The current farm bill is not adequate to provide relief or safety nets for U.S. farmers, nor is it reflective of the current state of the farm economy, said Sen. Jerry Moran (R-Kan.), a lead...

Sep 25, 2024
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Article
Farm Bill

CFPB sets up webpage for standard-setting organizations

The Consumer Financial Protection Bureau set up a webpage for public comment applications to become a recognized standard setter under the Personal Financial Data Rights Rule.

Sep 25, 2024
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Article
Consumer Financial Protection Bureau (CFPB)

ICBA files appellate brief in CRA rule legal challenge

ICBA and other groups filed an appellate brief with the U.S. Court of Appeals for the 5th Circuit as part of their legal challenge to federal banking regulators’ Community Reinvestment Act final rule.

Sep 24, 2024
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Article
Compliance Community Reinvestment Act (CRA)

Community bankers report reg burden during EGRPRA outreach meeting

Community bankers voiced discontent with excessive regulatory burdens during an ICBA-advocated outreach meeting under the current Economic Growth and Regulatory Paperwork Reduction Act review.

Sep 26, 2024
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Article
Office of the Comptroller of Currency (OCC)

OCC: Banks affected by Hurricane Helene can close

The OCC said national banks, federal savings associations, and federal branches and agencies of foreign banks can close in areas of Alabama, Florida, Georgia, and Tennessee affected by Hurricane...

Sep 26, 2024
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Article

ICBA: Record-tying credit union acquisition comes amid increased scrutiny

Following this year’s 16th credit union acquisition of a community bank — which ties the record for most in a single year — ICBA continued its call for Congress to investigate credit union policies.

Sep 25, 2024
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Article
Credit Unions

Another Community Bank Acquisition by Tax-Exempt Credit Union as Policymakers and Taxpayers Increase Scrutiny

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey today issued the following statement after this year’s 16th acquisition of a tax-paying bank by a tax-exempt...

Sep 24, 2024
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Article
Credit Unions

Survey shows rise in sophisticated fraud tactics

Sixty-two percent of institutions reported a rise in sophisticated fraud tactics, according to a new survey by the Center for Payments, Nacha, and ICBA.

Sep 24, 2024
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Article
Fraud