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Farm Credit assets top $407B
Farm Credit assets top $407B Farm Credit System assets rose to more than $407 billion during the second quarter from nearly $385 billion the same time last year, according to Farm Credit...
Resources to Help You Fight IRS Reporting Mandates
Resources to Help You Fight IRS Reporting Mandates Customizable Email Message: SUBJECT LINE: Customer Alert on IRS Reporting Proposal Dear [CUSTOMER NAME], We care about you, your finances, and...
Christine Ahern Joins ICBA Bancard as Vice President, Relationship Manager
Christine Ahern Joins ICBA Bancard as Vice President, Relationship Manager ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America, announced today the hire...
Farm Credit releases YBS data, new reg agenda
Farm Credit releases YBS data, new reg agenda The Farm Credit System’s regulator released updated data on its lending to young, beginning, and small farmers as well as a regulatory plan for the...
ICBA joins FDIC ‘tech sprint’
ICBA joins FDIC ‘tech sprint’ The FDIC said ICBA will be among the teams participating in the agency’s “tech sprint” designed to help banks serve unbanked consumers. ICBA will join the Milken...
HUD, FHFA collaborate on fair housing, lending
HUD, FHFA collaborate on fair housing, lending The Department of Housing and Urban Development and the Federal Housing Finance Agency announced an agreement regarding fair housing and fair lending...
Treasury plans child tax credit mobile sign-up
Treasury plans child tax credit mobile sign-up The Treasury Department and IRS released details of the second round of Advance Child Tax Credit payments and said they are working on a sign-up tool...
Treasury issues guidance on MDI, CDFI program
Treasury issues guidance on MDI, CDFI program The Treasury Department released revised guidance on its Emergency Capital Investment Program to support minority and community development financial...
ICBA to Fed: Analyze Impact of Interchange Updates Before Finalizing Changes
ICBA to Fed: Analyze Impact of Interchange Updates Before Finalizing Changes ICBA today said the Federal Reserve Board should not update debit card interchange regulations without first fully...
Senate blocks amendment to stop IRS monitoring on party-line vote
Senate blocks amendment to stop IRS monitoring on party-line vote The Senate voted down an ICBA-advocated amendment that would have barred the IRS from using funds in a pending spending bill to...
LEAD FWD lineup taking shape
LEAD FWD lineup taking shape The speaker lineup for the ICBA LEAD FWD Summit, live-streaming Sept. 21-22, is taking shape with the announcement of Precious Williams, a 13-time national pitch...
OCC, SEC discuss the state of cryptocurrency
OCC, SEC discuss the state of cryptocurrency In separate events, Securities and Exchange Chairman Gary Gensler and Acting Comptroller of the Currency Michael Hsu discussed efforts underway to adapt...
CFPB: Mortgage servicers’ pandemic response varies significantly
CFPB: Mortgage servicers’ pandemic response varies significantly The Consumer Financial Protection Bureau published a report detailing the mortgage industry’s varied response to the pandemic. The...
PPP non-employer borrowers most successful with community banks: study
PPP non-employer borrowers most successful with community banks: study Small businesses without employees were most successful in obtaining Paycheck Protection Program funding from community banks...
CFPB updates mortgage servicing small entity compliance guide
CFPB updates mortgage servicing small entity compliance guide The Consumer Financial Protection Bureau updated its Mortgage Servicing Small Entity Compliance Guide to include guidance on the 2021...
CFPB interpretive rule re: Juneteenth 2021
CFPB interpretive rule re: Juneteenth 2021 The Consumer Financial Protection Bureau issued an interpretive rule to address certain time-sensitive borrower protections related to the treatment of...
August recess offers opportunity to connect with Congress
August recess offers opportunity to connect with Congress The best way to influence policymakers is to get in front of them in-person, according to the Congressional Management Foundation and the...
ICBA: Congress needs to examine credit union-community bank acquisitions
ICBA: Congress needs to examine credit union-community bank acquisitions ICBA urged the Senate Banking Committee to re-examine the anti-competitive effect from the surge in credit union...
Regulators provide state of the industry report to Congress
Regulators provide state of the industry report to Congress Agency heads from the FDIC, OCC, and the NCUA provided a state of the industry update during testimony before the Senate Banking...
ICBA, others seek comment extension on third-party guidance
ICBA, others seek comment extension on third-party guidance ICBA and other groups requested a 30-day comment extension on proposed interagency guidance designed to help banks manage risks...
CFPB: Debt collection rules effective Nov. 30
CFPB: Debt collection rules effective Nov. 30 The Consumer Financial Protection Bureau said two final rules issued under the Fair Debt Collection Practices Act will take effect as planned on Nov....
House committee advances LIBOR, de novo bills
House committee advances LIBOR, de novo bills The House Financial Services Committee this week advanced key ICBA-supported LIBOR and de novo bills. The House Financial Services Committee advanced...
SBA issues rule to expedite PPP forgiveness
SBA issues rule to expedite PPP forgiveness The SBA issued an interim final rule designed to speed up the forgiveness process for Paycheck Protection Program loans of $150,000 or less. The SBA...
Groups join ICBA opposition to IRS reporting proposal
Groups join ICBA opposition to IRS reporting proposal ICBA and a broad coalition of business groups expressed strong opposition to a proposal that would require financial institutions to report...
Jenna Burke Joins ICBA Government Relations Department as Senior Vice President and Senior Regulatory Counsel
Jenna Burke Joins ICBA Government Relations Department as Senior Vice President and Senior Regulatory Counsel The Independent Community Bankers of America announced today the hire of Jenna Burke as...
Agencies extend foreclosure moratoria
Agencies extend foreclosure moratoria The federal government extended the moratorium on single-family real estate owned evictions until Sept. 30 for Fannie Mae, Freddie Mac, the Federal Housing...
Op-ed targets justification for IRS reporting plan
Op-ed targets justification for IRS reporting plan A new Morning Consult op-ed raises questions about the Treasury Department’s estimated tax revenue increase from its proposal to expand...
Lawmakers to CFPB: Consider impact of 1071 reporting
Lawmakers to CFPB: Consider impact of 1071 reporting House Financial Services Committee Republicans called on the Consumer Financial Protection Bureau to consider the impact on small institutions...
CFPB launches tool to help renters, landlords access federal assistance
CFPB launches tool to help renters, landlords access federal assistance The Consumer Financial Protection Bureau released an online tool to help renters and landlords affected by the pandemic find...
Idaho Bankers Association Endorses ICBA Securities
Idaho Bankers Association Endorses ICBA Securities ICBA Securities Inc., the broker-dealer subsidiary of the Independent Community Bankers of America has received the endorsement of the Idaho...
ICBA, Business Coalition Oppose IRS Reporting Proposal
ICBA, Business Coalition Oppose IRS Reporting Proposal The Independent Community Bankers of America and a broad coalition of business groups today expressed strong opposition to a Treasury...
Gensler: SEC regs apply to securities-backed crypto assets
Gensler: SEC regs apply to securities-backed crypto assets Securities and Exchange Commission Chair Gary Gensler said securities regulations apply to platforms that offer crypto tokens or other...
ICBA to Congress: Don’t raise g-fees for infrastructure funding
ICBA to Congress: Don’t raise g-fees for infrastructure funding ICBA and other organizations called on Senate infrastructure negotiators to refrain from using Fannie Mae and Freddie Mac guarantee...
OCC to propose rescinding CRA rule
OCC to propose rescinding CRA rule The OCC said it will propose rescinding its May 2020 Community Reinvestment Act rule and work with other agencies on a joint rulemaking. The OCC said it will...
CFPB settlement sets Sept. 30 deadline for 1071 proposal
CFPB settlement sets Sept. 30 deadline for 1071 proposal A lawsuit on the Consumer Financial Protection Bureau’s implementation of small-business data collection and reporting rules determined that...
FHFA eliminates ICBA-opposed GSE fee
FHFA eliminates ICBA-opposed GSE fee ICBA welcomed the Federal Housing Finance Agency’s announcement that it will eliminate an ICBA-opposed fee on refinance loans delivered to the...
CFPB cautions consumers on ‘buy now, pay later’
CFPB cautions consumers on ‘buy now, pay later’ The Consumer Financial Protection Bureau recently published a blog post for consumers on buy-now-pay-later credit. The Consumer Financial Protection...
ICBA launches fintech investment fund
ICBA launches fintech investment fund ICBA is forming BankTech Ventures, an investment fund designed to accelerate technology opportunities and adoption at community banks. ICBA is forming BankTech...
Nacha launches program for returning unemployment benefits
Nacha launches program for returning unemployment benefits Nacha launched an opt-in program to facilitate the return and recovery of potentially fraudulent unemployment benefits originally paid by...
ICBA: Postal banking designed to fail
ICBA: Postal banking designed to fail Postal banking is a risky venture for which the U.S. Postal Service is ill suited, ICBA told Congress in its latest issue brief. Postal banking is a risky...