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ICBA: Agency use of AI could relieve data reporting burden

ICBA offered recommendations for an Office of Management and Budget proposal to establish artificial intelligence governance standards for federal agencies.

Dec 06, 2023
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Article
Technology

ICBA Statement on Revised CDFI Certification Application

ICBA President and CEO Rebeca Romero Rainey issued the following statement on today’s Treasury Department and Community Development Financial Institutions Fund announcement on revisions to the CDFI...

Dec 07, 2023
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Article
Community Development Financial Institution (CDFI)

Regulators rolling out off-cycle exams: Reuters

Reuters reported on bank regulators ramping up off-cycle examinations of community banks following large bank failures earlier this year.

Dec 07, 2023
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Article
Agencies/Regulators 

ICBA's Romero Rainey, Merski Again Named to The Hill’s Top Lobbyist List

ICBA President and CEO Rebeca Romero Rainey and ICBA Group Executive Vice President of Congressional Relations and Strategy Paul Merski are among the top association executives featured in The...

Dec 07, 2023
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Article
Advocacy

Here for good: help us celebrate community banking

The year is almost over, and we’d love your help to get ready for ICBA LIVE 2024, March 14-17. In line with the holiday spirit, we’re asking you to share how you and your bank are here for good:...

Dec 06, 2023
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Article

ThinkTECH session next week features quick fintech pitches

ICBA next week is hosting a fast and informative session to explore fintech solutions for community banks.

Dec 06, 2023
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Article

House committee chairman McHenry won’t seek reelection

House Financial Services Committee Chairman Patrick McHenry (R-N.C.) announced he will retire from Congress at the end of his current term.

Dec 06, 2023
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Article
Congressional Matters

White paper warns of ‘triangulation’ fraud

The Financial Services Information Sharing and Analysis Center recently issued a white paper on triangulation fraud, a relatively new type of fraud that targets online shoppers and affects the...

Dec 05, 2023
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Article
Fraud

CFPB to Congress: ICBA mortgage disclosure proposal could benefit housing market

The Consumer Financial Protection Bureau promoted its recent approval of ICBA’s proposed template to improve mortgage disclosures in testimony before Congress.

Dec 06, 2023
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Article
Consumer Financial Protection Bureau (CFPB) Compliance

Independent Banker features Best Community Banks to Work For

The December issue of ICBA Independent Banker magazine features the 2023 Best Community Banks to Work For recipients.

Dec 05, 2023
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Article

ThinkTECH Accelerator registration open

Community bankers can now register to participate in the sixth ICBA ThinkTECH Accelerator program to meet with six emerging fintech companies advancing community bank innovation.

Dec 05, 2023
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Article

Fed touts ‘same risk, same regulation’ approach to innovation

The Federal Reserve Board’s approach to overseeing banking innovation seeks to ensure activities that present fundamentally the same risks are regulated in the same way, a Fed regulator is slated...

Dec 05, 2023
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Article

House passes ICBA-advocated resolution to scrap CFPB 1071 rule

ICBA commended the House for passing an ICBA-advocated resolution to nullify the Consumer Financial Protection Bureau’s Section 1071 small-business data collection and reporting requirements.

Dec 04, 2023
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Article
Consumer Financial Protection Bureau (CFPB) Compliance

OCC announces 2024 fees and assessments

The OCC announced its fees and assessments for calendar year 2024.

Dec 04, 2023
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Article

House set to vote today on nullifying 1071 rule

ICBA is calling on community bankers to urge their members of Congress to support a resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule ahead of a House vote slated for...

Dec 01, 2023
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Article
Consumer Financial Protection Bureau (CFPB)

FinCEN updates beneficial ownership information resources

The Financial Crimes Enforcement Network updated its beneficial ownership information frequently asked questions, Small Entity Compliance Guide, quick reference materials, and informational video.

Dec 04, 2023
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Article
Financial Crimes Enforcement Network (FinCEN)

FDIC adds new technical assistance videos

The FDIC announced updates to its Technical Assistance Video Program.

Dec 04, 2023
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Article

ICBA Commends House for Passing Resolution to Scrap CFPB’s Onerous Small-Business Reporting Rule

ICBA today commended the House for passing a bipartisan, ICBA-advocated resolution (S.J.Res.32) to nullify the CFPB’s Section 1071 small-business data collection and reporting requirements and...

Dec 01, 2023
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Article
Consumer Financial Protection Bureau (CFPB)

ICBA Independent Banker Honors 2023 Best Community Banks to Work For Winners

The December cover story of Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America (ICBA), spotlights this year’s Best Community Banks to...

Nov 30, 2023
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Article

ICBA Congratulates New Conference of State Bank Supervisors President and CEO Brandon Milhorn

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Conference of State Bank Supervisors announcement that Brandon Milhorn...

Nov 30, 2023
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Article

ICBA to FDIC: Focus new resolution standards on banks over $100B

ICBA said it agrees with an FDIC proposal to implement resolution planning for banks with at least $100 billion in assets but said banks between $50 billion and $100 billon should generally be exempt.

Nov 30, 2023
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Article
Federal Deposit Insurance Corporation (FDIC)

Community bank net income declines in Q3

Community banks reported a 4.8% third-quarter decline in net income from the previous quarter and a 15% decrease from the same period a year ago, according to the FDIC’s latest Quarterly Banking...

Nov 30, 2023
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Article
Federal Deposit Insurance Corporation (FDIC) Lending

ICBA congratulates new CSBS chief

ICBA congratulated Brandon Milhorn for being named president and CEO of the Conference of State Bank Supervisors.

Dec 01, 2023
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Article

Chopra pressed on 1071 rule during Senate hearing

Consumer Financial Protection Bureau Director Rohit Chopra faced questions from Congress about the bureau’s Section 1071 small-business data reporting rule.

Dec 01, 2023
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Article
Consumer Financial Protection Bureau (CFPB)

FDIC, OCC issue CRA exam schedule

The FDIC and OCC issued lists of institutions scheduled for Community Reinvestment Act examination during the first and second quarters of 2024.

Dec 01, 2023
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Article
Community Reinvestment Act (CRA)

VeraBank Achieves Faster Time to Value with nCino

VeraBank, a community bank headquartered in Henderson, TX, partnered with nCino to modernize lending processes and streamline employee and customer experiences.

Nov 29, 2023
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Article

Honor Bank Successfully Deploys nCino's Commercial Banking Solution

nCino, Inc., a pioneer in cloud banking for the global financial services industry, today announced that Honor Bank, a full-service community bank in Northern Michigan, is live on the nCino Cloud...

Nov 29, 2023
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Article

FHFA raises conforming loan limits for 2024

The Federal Housing Finance Agency increased the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2024.

Nov 29, 2023
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Article
Federal Housing Finance Agency

CISA LinkedIn presentation today on cybersecurity protections

The Cybersecurity and Infrastructure Agency today is hosting a LinkedIn Live presentation on its Cross-Sector Cybersecurity Performance Goals.

Nov 29, 2023
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Article
Cybersecurity

Grassroots push continues ahead of House 1071 vote

ICBA is calling on community bankers to urge their members of Congress to support a resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule ahead of a House vote slated for...

Nov 30, 2023
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Article
Compliance

FinCEN extends deadline for beneficial ownership reporting

The Financial Crimes Enforcement Network extended the deadline for certain reporting companies to file their initial reports on beneficial ownership information.

Nov 30, 2023
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Article
Compliance

ICBA pushing grassroots outreach ahead of House 1071 vote

With the House expected to vote this week on an ICBA-advocated resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA is calling on community bankers to urge their...

Nov 29, 2023
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Article
Consumer Financial Protection Bureau (CFPB)

Fed officials weigh future rate hikes

Federal Reserve officials in separate speeches discussed the implications of softening economic activity on the interest rate outlook.

Nov 29, 2023
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Article

House set to vote this week on 1071 reversal

With the House expected to vote this week on an ICBA-advocated resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA is calling on community bankers to urge their...

Nov 28, 2023
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Article
Consumer Financial Protection Bureau (CFPB)

Treasury issues advisory on AI-enabled holiday scams

The Treasury Department’s Office of Cybersecurity and Critical Infrastructure Protection released an advisory highlighting tips consumers can take to avoid becoming the victim of cyber or online...

Nov 27, 2023
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Article
Compliance

ICBA briefing on CRA rule today

ICBA is hosting a complimentary community bank briefing on the interagency final rule to reform Community Reinvestment Act regulations.

Nov 28, 2023
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Article
Community Reinvestment Act (CRA)

Paper details ‘triangulation’ fraud targeting online shoppers

The Financial Services Information Sharing and Analysis Center issued a new white paper on triangulation fraud, a relatively new type of fraud that targets online shoppers and affects the broader...

Nov 28, 2023
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Article
Compliance Fraud

ICBA to Fed: Extend comment period on interchange proposal

ICBA and other groups urged the Federal Reserve Board to extend the comment period on its proposal to lower the maximum interchange fee that covered debit card issuers may receive for debit card...

Nov 28, 2023
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Article

ICBA briefing on CRA rule tomorrow

ICBA tomorrow is hosting a complimentary community bank briefing on the interagency final rule to reform Community Reinvestment Act regulations.

Nov 27, 2023
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Article
Community Reinvestment Act (CRA)

FinCEN warns of Employee Retention Credit fraud

The Financial Crimes Enforcement Network issued an alert to financial institutions on fraud schemes related to the COVID-19 Employee Retention Credit.

Nov 27, 2023
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Article
Compliance Fraud