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ICBA Offers Financial Preparedness Tips to Help Speed Recovery Following a Natural Disaster
2021-09-01 ICBA Offers Financial Preparedness Tips to Help Speed Recovery Following a Natural Disaster Washington, D.C. (Sept. 1, 2021) — The devastation of Hurricane Ida and the ongoing COVID-19...
ICBA to Congress: PPP Forgiveness Should Be Straightforward
The Independent Community Bankers of America (ICBA) today told Congress that the Small Business Administration’s Paycheck Protection Program needs a simple, easy-to-use forgiveness process to...
CFPB issues 1071 proposed rule
2021-09-02 CFPB issues 1071 proposed rule The Consumer Financial Protection Bureau issued a proposed rule to implement Dodd-Frank Section 1071, which requires the bureau to implement data...
Treasury studying insurance sector climate risks
Treasury studying insurance sector climate risks The Treasury Department said the Federal Insurance Office is requesting public comment on the insurance sector and climate-related financial risks....
Financial Times: Community banks ‘irreplaceable’ during pandemic
2021-08-31 Financial Times: Community banks ‘irreplaceable’ during pandemic A new Financial Times article (paywall) reports on how community banks have been “irreplaceable” during the pandemic,...
Agencies issue statement on Hurricane Ida
Agencies issue statement on Hurricane Ida Federal and state regulators said they will provide appropriate regulatory assistance to institutions affected by Hurricane Ida. Statement: In a joint...
FEMA - Daily Calls for Broad Stakeholder Business & Industry Coordination Call Regarding Hurricane Ida
2021-08-30 FEMA - Daily Calls for Broad Stakeholder Business & Industry Coordination Call Regarding Hurricane Ida Information Date: Daily Time: 3:00 pm, Eastern Toll Free Dial in Number:...
ICBA testifying on PPP forgiveness
ICBA testifying on PPP forgiveness ICBA Chairman Robert Fisher is scheduled to testify this Wednesday at a House Small Business Committee hearing on what’s next for Paycheck Protection Program...
Community bank customers weigh in on IRS monitoring
2021-09-01 Community bank customers weigh in on IRS monitoring Community bank customers have joined the industry in expressing opposition to the Biden administration’s proposal to require banks to...
ARRC issues FAQs on LIBOR transition best practices
ARRC issues FAQs on LIBOR transition best practices The Alternative Reference Rates Committee released frequently asked questions on its best practices for using Secured Overnight Financing Rate...
ICBA to HUD: Disparate-impact rule must conform to court ruling
2021-08-25 ICBA to HUD: Disparate-impact rule must conform to court ruling ICBA and other groups expressed opposition to a Department of Housing and Urban Development proposal to re-implement its...
ICBA offers hurricane resources
ICBA offers hurricane resources ICBA updated its Hurricane Preparedness resource center with the latest on Hurricane Grace and Tropical Storm Henri. Update: With Grace making landfall on the Gulf...
Refinancing drives 2020 increase in closed-end originations: CFPB
The total number of closed-end originations and applications increased substantially between 2019 and 2020, according to a Consumer Financial Protection Bureau report on Home Mortgage Disclosure...
FinCEN offers SAR trend data
FinCEN offers SAR trend data The Financial Crimes Enforcement Network’s interactive Suspicious Activity Report webpage now includes filing trend data by industry through the 2020 calendar year....
ICBA, The Venture Center Gear Up for 2022 ThinkTECH Accelerator
ThinkTECH Accelerator 2021 Featured 2021-08-19 ICBA, The Venture Center Gear Up for 2022 ThinkTECH Accelerator Application period for community bank-focused fintech solutions now open Washington,...
ICBA continues IRS reporting consumer push
ICBA continues IRS reporting consumer push ICBA continues encouraging consumers to express opposition to the Biden administration’s proposal to require banks to report their customers’ account...
ICBA urging consumer opposition to IRS reporting plan
ICBA is encouraging consumers to express opposition to the Biden administration’s proposal to require banks to report their customers’ account information to the IRS. Consumer Alert: Community...
Credit union-bank acquisitions top 100
Credit union-bank acquisitions top 100 ICBA renewed its call for policymakers to examine the credit union tax exemption as the number of credit union-bank acquisitions passed 100. Latest: Following...
As Credit Union-Bank Acquisitions Top 100, ICBA Urges Washington to Act
Tax-Subsidized Acquisitions Cost Taxpayers, Cut Regulatory Safeguards Washington, D.C. (Aug. 25, 2021) — With the number of tax-exempt credit union purchases of taxpaying community banks passing...
Nacha ACH modernization rules effective next month
Nacha ACH modernization rules effective next month Nacha “Meaningful Modernization” changes to improve and simplify the ACH user experience are scheduled to take effect next month. Details:...
ICBA Names Dale Kraemer Vice President, Finance & Accounting
ICBA Names Dale Kraemer Vice President, Finance & Accounting Washington, D.C. (Aug. 24, 2021) — The Independent Community Bankers of America (ICBA) announced Dale Kraemer has joined ICBA as vice...
CFPB issues credit card data-submission specifications
The Consumer Financial Protection Bureau issued new technical specifications for complying with credit card agreement and data submission requirements under TILA and the CARD Act (Regulation Z)....
2022 ThinkTECH Accelerator open for applications
2022 ThinkTECH Accelerator open for applications ICBA and The Venture Center launched the application period for the 2022 ICBA ThinkTECH Accelerator program. Applications: Interested fintechs have...
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 Administration data. Data: The...
Resources to Help You Fight IRS Reporting Mandates
Resources to Help You Fight IRS Reporting Mandates 2021-08-19 Customizable Email Message: SUBJECT LINE: Customer Alert on IRS Reporting Proposal Dear [CUSTOMER NAME], We care about you, your...
Christine Ahern Joins ICBA Bancard as Vice President, Relationship Manager
Washington, D.C. (August 17, 2021) — ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America (ICBA), announced today the hire of Christine Ahern as vice...
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’
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 Institute and Sunrise Banks on team...
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
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 for mobile devices. Payments: August...
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 Durbin Amendment Rules Harm Community Banks Without Benefiting Consumers Washington, D.C. (Aug. 11, 2021) — The...
Senate blocks amendment to stop IRS monitoring on party-line vote
2021-08-11 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...
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
2021-08-04 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...
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....
PPP non-employer borrowers most successful with community banks: study
2021-08-06 PPP non-employer borrowers most successful with community banks: study Small businesses without employees were most successful in obtaining Paycheck Protection Program funding from...
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
2021-08-06 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...
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...