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CFPB issues HMDA filing guide
CFPB issues HMDA filing guide The Consumer Financial Protection Bureau released the Filing Instructions Guide for Home Mortgage Disclosure Act data. The 2022 FIG is a technical resource to help...
ICBA pushing grassroots on reconciliation tax hikes
2021-09-10 ICBA pushing grassroots on reconciliation tax hikes While ICBA’s IRS campaign continues, it is also calling on community bankers to speak out against a comprehensive package of tax...
ICBA issues summary on CFPB 1071 proposal
ICBA issues summary on CFPB 1071 proposal ICBA published a summary of the Consumer Financial Protection Bureau’s proposed rule to implement Dodd-Frank Section 1071 data collection and reporting...
Community bank net income rises 28.7%
2021-09-09 Community bank net income rises 28.7% Community banks reported net income growth of 28.7% in the second quarter from the same period last year, according to the FDIC's Quarterly Banking...
ICBA urges House panel to reject IRS monitoring plan
ICBA urges House panel to reject IRS monitoring plan Ahead of a House Ways and Means Committee markup starting today, ICBA reiterated its opposition to any proposal that would require banks to...
ICBA issues position paper on climate change regulation
ICBA released a new position paper on the potential impact of new climate change regulations on community banks. Details: The white paper spotlights legislative and regulatory climate change...
OCC proposes rescinding CRA rule
OCC proposes rescinding CRA rule The OCC issued proposed rules to rescind its May 2020 Community Reinvestment Act rule and replace it with interagency rules adopted in 1995. Previous: The OCC in...
CFPB confirms debt collection rules effective Nov. 30
The Consumer Financial Protection Bureau issued a Federal Register notice affirming that two debt collection final rules will take effect as planned on Nov. 30. Background: The rules implement...
ICBA names National Community Bank Service Award recipients
ICBA names National Community Bank Service Award recipients ICBA announced winners of its 2021 National Community Bank Service Awards, which celebrate the outstanding service and creative volunteer...
ICBA Talking Points on IRS Reporting Proposal
2021-09-03 ICBA has strongly objected to a Biden administration proposal that would require financial institutions to report information on customer bank accounts to the IRS. The administration’s...
ICBA Honors National Community Bank Service Award Recipients
ICBA Honors National Community Bank Service Award Recipients Washington, D.C. (Sept. 2, 2021) — The Independent Community Bankers of America (ICBA) today announced winners of its 2021 National...
ICBA testifies on need for simple PPP forgiveness
ICBA told Congress that the Paycheck Protection Program needs a simple, easy-to-use forgiveness process to ensure the program works as intended for small-business borrowers. Hearing: Testifying...
ICBA: Two-Thirds of Voters Oppose IRS Reporting Plan
ICBA: Two-Thirds of Voters Oppose IRS Reporting Plan New ICBA Polling Conducted by Morning Consult Released as Thousands of Concerned Consumers Contact Lawmakers to Scrap Proposal Washington, D.C....
IRS favors ICBA-opposed monitoring plan: report
The head of the IRS is advocating to Congress an ICBA-opposed proposal that would require banks to report their customers’ account information to the agency—underscoring the importance of ICBA’s...
ICBA campaign against IRS monitoring striking a nerve
ICBA campaign against IRS monitoring striking a nerve ICBA’s consumer-facing campaign opposing a proposal to require the IRS to monitor bank account information has struck a nerve with community...
ICBA Statement on CFPB 1071 Proposed Rule
Washington, D.C. (Sept. 1, 2021) — Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Consumer Financial Protection...
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...