Search Articles
Unlimited Webinar Pass
One price for the whole bank
ICBA: Congress needs to examine credit union-community bank acquisitions
2021-08-04 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
2021-08-02 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...
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
The House Financial Services Committee advanced the following ICBA-supported bills: Adjustable Interest Rate (LIBOR) Act: H.R. 4616, sponsored by Rep. Brad Sherman (D-Calif.), would provide a...
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. Interim...
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 information on customer bank accounts to the IRS....
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 Washington, D.C. (July 27, 2021) — The Independent Community Bankers of America (ICBA)...
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 Administration, and the USDA. Details:...
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
House Financial Services Committee Republicans called on the Consumer Financial Protection Bureau to consider the impact on small institutions as it develops a proposed rule on small-business data...
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
Washington, D.C. (July 28, 2021) — ICBA Securities® Inc., the broker-dealer subsidiary of the Independent Community Bankers of America (ICBA), has received the endorsement of the Idaho Bankers...
ICBA, Business Coalition Oppose IRS Reporting Proposal
ICBA, Business Coalition Oppose IRS Reporting Proposal Untargeted Data Reporting Raises Concerns Over Privacy, Security, Impact on Unbanked Washington, D.C. (July 28, 2021) — The Independent...
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 products that are priced off the value of securities and...
ICBA to Congress: Don’t raise g-fees for infrastructure funding
2021-07-23 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...
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. OCC Decision: The OCC...
CFPB settlement sets Sept. 30 deadline for 1071 proposal
2021-07-20 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...
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’
2021-07-19 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. CFPB: The post cites...
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. Background: Driven by...
Nacha launches program for returning unemployment benefits
2021-07-23 Nacha launches program for returning unemployment benefits Nacha launched an opt-in program to facilitate the return and recovery of potentially fraudulent unemployment benefits...
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. Issue Brief: In the second...
ICBA urges grassroots on rural lending tax relief
2021-07-16 ICBA urges grassroots on rural lending tax relief Following the recent Senate introduction of legislation to provide rural lending tax relief, ICBA is calling on community bankers to...
Child Tax Credit payments start today
Child Tax Credit payments start today The IRS today begins distributing Advance Child Tax Credit payments authorized by the American Rescue Plan. Payments: Families will receive today’s payment by...
FDIC, CFPB update financial education curriculum
2021-07-15 FDIC, CFPB update financial education curriculum The FDIC and Consumer Financial Protection Bureau released an enhanced version of the Money Smart for Older Adults financial education...
Independent Banker Ranks Top Loan Performers
Independent Banker Ranks Top Loan Performers Washington, D.C. (July 14, 2021) — This month’s issue of Independent Banker, the award-winning magazine of the Independent Community Bankers of America...
ICBA Promotes Mike DeVoll to Assistant Vice President, Marketing Strategy and Execution
Washington, D.C. (July 16, 2021) — The Independent Community Bankers of America (ICBA) today announced Mike DeVoll’s promotion to assistant vice president of marketing strategy and execution. In...
ICBA Welcomes End of FHFA Refinance Fee
ICBA Welcomes End of FHFA Refinance Fee Washington, D.C. (July 16, 2021) — Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on...
FASB to pursue further CECL improvements
The Financial Accounting Standards Board this week agreed to add a project to its technical agenda to investigate the suspension of troubled debt restructuring accounting for entities that have...
CISA warns of Microsoft Print Spooler vulnerability
CISA warns of Microsoft Print Spooler vulnerability The Cybersecurity and Infrastructure Security Agency issued Emergency Directive 21-04 on mitigating a vulnerability in the Microsoft Windows...
Agencies propose guidance on third-party relationships
Federal banking regulators proposed interagency guidance designed to help banks manage risks associated with third-party relationships, including those with fintech entities. Guidance: The proposed...
Terri Howard Joins TCM Bank as Senior Vice President, People & Culture
Terri Howard Joins TCM Bank as Senior Vice President, People & Culture Tampa, Fla. (July 13, 2021) — TCM Bank, N.A., the credit card bank of ICBA Bancard®, which is the payments services subsidiary...
ICBA Minority Bank Advisory Council Opposes IRS Reporting Proposal
Indiscriminate Account Reporting Undermines Outreach to Unbanked Washington, D.C. (July 12, 2021) — The Independent Community Bankers of America’s (ICBA) Minority Bank Advisory Council today...
ICBA, BPI Urge Federal Reserve to Clarify, Strengthen Guidelines for Fed Account Access
ICBA, BPI Urge Federal Reserve to Clarify, Strengthen Guidelines for Fed Account Access The Federal Reserve must ensure fintechs and other firms with “novel charters” do not jeopardize banking...
ICBA minority bank council opposes IRS reporting plan
ICBA’s Minority Bank Advisory Council today is expressing strong opposition to the Biden administration’s proposal to require banks to report customer account information to the IRS. Letter: In a...
White House directs tougher scrutiny of bank mergers
White House directs tougher scrutiny of bank mergers President Joe Biden directed the Justice Department and federal banking regulators to more closely scrutinize bank mergers and make it easier...
ICBA Bancard and Finzly Partner to Offer Instant Payments
Washington, D.C. (July 12, 2021) — ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America (ICBA), today announced a new partnership with Finzly to facilitate...
Former NCUA official criticizes credit union bank purchases
Former NCUA official criticizes credit union bank purchases A former National Credit Union Administration official this week raised concerns over credit union acquisitions of community banks....
Congress pushes back on IRS reporting plan
Congress pushes back on IRS reporting plan House Ways and Means Committee Republicans issued a fact sheet pushing back on the Biden administration’s proposal to require banks to report customer...