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ICBA to FDIC: Deny Square’s Latest Application
ICBA to FDIC: Deny Square’s Latest Application ICBA expressed disappointment in federal regulators’ insufficient proposal to reduce reporting burdens and repeated its call for a true short-form...
ICBA Urges True Short-Form Call Report
ICBA Urges True Short-Form Call Report ICBA expressed disappointment in federal regulators’ insufficient proposal to reduce reporting burdens and repeated its call for a true short-form call...
ICBA Seeks Hearings on ‘Emergency’ CU Merger
ICBA Seeks Hearings on ‘Emergency’ CU Merger ICBA called on key congressional committees to hold hearings on the National Credit Union Administration’s approval of an “emergency merger” between...
Wolters Kluwer Launches Online Applications Capability for Community Banks
Wolters Kluwer Launches Online Applications Capability for Community Banks New Functionality Enables Lenders to Deliver Online Loan Applications to Consumers Wolters Kluwer’s Compliance Solutions...
Independent Banker Profiles Community Bankers of the Year
Independent Banker Profiles Community Bankers of the Year The December issue of Independent Banker® magazine features profiles of ICBA’s Community Bankers of the Year. The profiles of Ken LaRoe,...
Podcast Features Community Bank Payment Trends
Podcast Features Community Bank Payment Trends ICBA Bancard’s Tina Giorgio and TCM Bank’s Damon Moorer were featured in the latest This Month In Banking podcast by the Kafafian Group. The 30-minute...
Agencies Planning Resolution Reform: McWilliams
Agencies Planning Resolution Reform: McWilliams The FDIC and Federal Reserve are reviewing resolution-planning regulations for bank holding companies, FDIC Chairman Jelena McWilliams said....
Court Delays Bureau’s Small-Dollar Rule
Court Delays Bureau’s Small-Dollar Rule A federal court this week granted the Bureau of Consumer Financial Protection’s request to delay the effective date of its rule on small-dollar loans. The...
Visa: EMV Shift Crushing Counterfeit Fraud
Visa: EMV Shift Crushing Counterfeit Fraud The shift to EMV chip technology has reduced card-present counterfeit payment fraud by 82 percent at chip-enabled merchants, Visa said. More than 3.1...
FHFA Seeks Input on ‘Duty to Serve’ Modifications
FHFA Seeks Input on ‘Duty to Serve’ Modifications The Federal Housing Finance Agency is seeking input on proposed modifications to the Underserved Markets Plans for Fannie Mae and Freddie Mac. The...
The Bank of Elk River wins two National Awards for Video Production featuring Elk River residents
The Bank of Elk River wins two National Awards for Video Production featuring Elk River residents The American Bankers Association (ABA) announced the winners of the third annual ABA Bank Marketing...
Fannie, Freddie Update PMI Standards
Fannie, Freddie Update PMI Standards Fannie Mae and Freddie Mac revised eligibility requirements for private mortgage insurers, the Federal Housing Finance Agency announced. The updates include...
Agencies Issue Customer Identification Program Exemptions
Agencies Issue Customer Identification Program Exemptions Federal regulators exempted loans for property and casualty insurance policies from Customer Identification Program rules. Banks engaging...
DOJ Indicates Support for ADA Website Flexibility
DOJ Indicates Support for ADA Website Flexibility The Justice Department told members of Congress that it is evaluating whether to issue guidance on web accessibility standards under the Americans...
Free Credit Freezes Are Here
Free Credit Freezes Are Here A provision of S. 2155 requiring credit reporting agencies to freeze consumer credit reports at no charge took effect Friday. These security or credit freezes restrict...
ICBA Statement on FDIC Call Report Proposal
ICBA Statement on FDIC Call Report Proposal ICBA President and CEO Rebeca Romero Rainey issued a statement on federal regulators’ proposed rule to implement quarterly reporting relief required by...
FDIC Call Features S. 2155 Consumer Compliance Provisions
FDIC Call Features S. 2155 Consumer Compliance Provisions The FDIC is hosting an upcoming teleconference on consumer compliance topics related to the S. 2155 regulatory relief law. Scheduled for 2...
FinCEN Issues Advisory on Iran
FinCEN Issues Advisory on Iran The Financial Crimes Enforcement Network issued an advisory to help financial institutions better detect and report potentially illicit transactions related to Iran....
Boston Fed Encourages Tokenization Collaboration
Boston Fed Encourages Tokenization Collaboration Federal Reserve Bank of Boston researchers encouraged stakeholders to continue collaborating on the development of payment tokenization. Noting that...
FinCEN Wants to Talk BSA Reporting with Hurricane-Affected Banks
FinCEN Wants to Talk BSA Reporting with Hurricane-Affected Banks The Financial Crimes Enforcement Network said financial institutions affected by Hurricane Florence should contact FinCEN and their...
Facebook Breach Affects 50M Users
Facebook Breach Affects 50M Users Facebook announced a security breach affecting nearly 50 million accounts. Facebook announced a security breach affecting nearly 50 million accounts. Attackers...
‘Tax Reform 2.0’ Passes House
‘Tax Reform 2.0’ Passes House The House passed legislation to permanently extend the lower individual tax rates included in the tax reform law signed late last year. Known as “Tax Reform 2.0,” the...
Contactless Payments Reboot: Get Ready, Get Set
Contactless Payments Reboot: Get Ready, Get Set The time has come for community bank card issuers to begin ramping up their contactless payments strategy. More than half of the top 100 U.S....
Chelsea Groton Bank Named a Winner of the 2018 Top Workplaces Award for Third Straight Year
Chelsea Groton Bank Named a Winner of the 2018 Top Workplaces Award for Third Straight Year Chelsea Groton Bank has been awarded a 2018 Top Workplaces honor by The Hartford Courant, for the third...
Bureau Opening Regional Office in Atlanta
Bureau Opening Regional Office in Atlanta The Bureau of Consumer Financial Protection said it will relocate its southeast regional office from Washington, D.C., to Atlanta, Ga., in late 2019. The...
Wolters Kluwer Announces Interoperability with RSA Archer to Provide Regulatory Data Feed
Wolters Kluwer Announces Interoperability with RSA Archer to Provide Regulatory Data Feed Enhances Institutions’ Access to Regulatory Change Management Content Wolters Kluwer today announced the...
Are You Leveraging Your Card’s Core Benefits?
Are You Leveraging Your Card’s Core Benefits? ICBA Bancard’s Senior Vice President of Card and Payment Products, Julie Hanson, says that many times when she is discussing debit and credit card...
ICBA to IRS: Maximize Sub S Access to Tax Deduction
ICBA to IRS: Maximize Sub S Access to Tax Deduction ICBA and other banking groups called on the IRS to reconsider its approach to implementing the Tax Cuts and Jobs Act’s 20 percent tax deduction...
Community Bank Income Rises 21 Percent
Community Bank Income Rises 21 Percent Community banks reported $6.5 billion in net income during the second quarter, a 21.1 percent gain from the previous year, according to the FDIC’s Quarterly...
Crestmark Closes 18 Transactions Totaling More Than $46.9 Million in the First Half of August
Crestmark Closes 18 Transactions Totaling More Than $46.9 Million in the First Half of August Crestmark secured a total of $46,935,891 in financial solutions with 18 transactions for 14 new...
Lenders Increasingly Ready for Single Security: Survey
Lenders Increasingly Ready for Single Security: Survey Fannie Mae and Freddie Mac said mortgage lenders are increasingly familiar with their plan to begin issuing a common mortgage-backed security...
Automated Systems, Inc. Announces Gold Level Envision Partner Status
Automated Systems, Inc. Announces Gold Level Envision Partner Status Automated Systems, Inc. (ASI), a leading provider of core banking software for community banks, announced its status as a Gold...
Consumer Bureau Joins Innovation Network
Consumer Bureau Joins Innovation Network The Bureau of Consumer Financial Protection and 11 international financial regulators said they plan to create a global network to promote innovation. The...
Tell HUD to Amend Disparate-Impact Rule
Tell HUD to Amend Disparate-Impact Rule ICBA is urging community bankers to tell the Department of Housing and Urban Development to amend its fair lending disparate-impact rule to meet the...
Chelsea Groton Bank Proudly Introduces A Switch Hotline
Chelsea Groton Bank Proudly Introduces A Switch Hotline In order to assist individuals and families in switching to a better banking experience, Chelsea Groton Bank is pleased to introduce a new...
OneRD Guaranteed Loan Rule
OneRD Guaranteed Loan Rule The USDA Rural Development Innovation Center is working to combine four guaranteed loan programs under a single regulation. This rule will improve agency efficiency in...
USDA Details Trade Payments Alongside Mexico Deal
USDA Details Trade Payments Alongside Mexico Deal The USDA released details of it's plans to protect farmers from foreign trade retaliation. The department has authorized $12 billion for several...
Roselle Bank Begins Renovations of Operations Center
Roselle Bank Begins Renovations of Operations Center Roselle Bank, which has served central and northern New Jersey for nearly 130 years, has begun renovating its operations center, located at 108...
Agencies Advance 18-Month Exam Cycle
Agencies Advance 18-Month Exam Cycle Federal regulators issued interim final rules to enact an ICBA-advocated provision of the S. 2155 regulatory relief law expanding eligibility for the 18-month...
Farm Bill Conference Schedules Public Meeting
Farm Bill Conference Schedules Public Meeting House and Senate Agriculture Committee leaders scheduled the first public meeting of the farm bill conference committee. The meeting is scheduled for...