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ICBA recognizes National Preparedness Month
ICBA recognized National Preparedness Month in September by issuing tips to help Americans secure their financial documents before disaster strikes.
ICBA voices opposition to Durbin Amendment expansion
ICBA this week expressed strong opposition to legislation that would create new credit card routing mandates that expand on Durbin Amendment payments interventions.
Fed raises order limits for nickels, dimes, quarters
The Federal Reserve said it will raise order limits for nickels, dimes, and quarters, effective Tuesday. Limits for pennies are unchanged.
ICBA Shares Financial Preparedness Tips for Consumers During National Preparedness Month in September
In recognition of National Preparedness Month in September, ICBA and the nation’s community bankers are reminding Americans to create a plan to ease their worries and speed their financial recovery...
ICBA Names 2022 National Community Bank Service Awards Winners
ICBA today announced the winners of its 2022 National Community Bank Service Awards, which celebrate the outstanding service and volunteer efforts of the nation’s community banks. Stories are...
Romero Rainey: ICBA opposing bill to expand Durbin Amendment
ICBA continues speaking out against policymakers’ efforts to expand on harmful Durbin Amendment interventions on payment card systems, ICBA President and CEO Rebeca Romero Rainey wrote in a recent...
Biden announces student debt forgiveness plan
The Biden administration announced plans to provide up to $20,000 in student debt forgiveness and extended the federal student loan repayment moratorium, first implemented under the Trump...
ICBA urging comments on deposit insurance assessments
ICBA is calling on community bankers to submit personalized comments to the FDIC opposing its proposal to raise deposit insurance assessment rates by 2 basis points on all insured institutions.
ICBA urges uniform CRA rule that minimizes reg burdens
ICBA called on federal banking regulators to issue a uniform final rule on Community Reinvestment Act modernization that minimizes new data collection and reporting burdens for community banks.
FedNow rollout set for May-July
The Federal Reserve said it plans to roll out its FedNow instant payments service between May and July of next year.
ICBA-CISA cyber exercise twice this week
ICBA and the Cybersecurity and Infrastructure Security Agency are hosting a tabletop exercise today and tomorrow to support community bank cybersecurity.
USDA announces up to $550M in American Rescue Plan funding
The U.S. Department of Agriculture will provide up to $550 million in funding to support projects that enable underserved producers to access land, capital, and markets, and train the next...
ICBA-CISA cybersecurity exercise next week
With cybersecurity topping community bankers’ list of risk concerns, ICBA has partnered with the Cybersecurity and Infrastructure Security Agency to host two tabletop exercise dates next week...
ICBA Opposes FDIC’s One-Size-Fits-All Hike in Deposit Insurance Assessment Rates
The Independent Community Bankers of America (ICBA) today called on the FDIC to reconsider its proposal to dramatically increase the rates banks pay to fund the nation’s deposit insurance system,...
ICBA Urges FDIC to Reject Ford Bank Application
ICBA today called on the FDIC to reject the deposit insurance application of Ford Credit Bank as an industrial loan company, or ILC, which would allow the company to skirt regulatory oversight and...
ICBA Announces Close of First BankTech Ventures Investment Fund
The Independent Community Bankers of America (ICBA) announced the closing of the BankTech Ventures Fund, which raised more than $115 million in committed capital in its first fund to accelerate...
House approves spending bill that excludes ICBA-opposed policies
The House passed budget reconciliation legislation that excludes several proposed tax provisions strongly opposed by ICBA.
CFPB planning inquiry on credit card interest rates
The Consumer Financial Protection Bureau released a blog post targeting the growing divergence between credit card interest and charge-off rates—and previewing an inquiry into industry practices.
ICBA Urges Policymakers to Prioritize National Security in New Crypto Rules
The Independent Community Bankers of America (ICBA) told the Treasury Department that policymakers developing new rules for cryptocurrency should prioritize protecting national security amid...
ICBA guide supports August recess meetings
With Congress breaking for the August recess, ICBA offers an updated version of its “Meetings on Main Street” guide to help community bankers host members of Congress.
House lawmakers press FDIC on appeals office change
Republican members of the House Financial Services Committee pressed the FDIC on its ICBA-opposed decision to eliminate the Office of Supervisory Appeals and reinstate the Supervision Appeals...
Trades Petition CFPB to Ensure Data Aggregation Services Market is Fair, Transparent and Competitive
Eight national trade groups petitioned the Consumer Financial Protection Bureau to initiate a rulemaking that will strengthen the privacy and security of consumer financial data held by fintechs,...
FS-ISAC covers Robin Banks phishing platform
The Financial Services Information Sharing and Analysis Center’s latest weekly risk report spotlights the new phishing-as-a-service platform, Robin Banks.
ICBA: Uniform Community Reinvestment Act Rule Should Minimize Burdens on Community Banks
The Independent Community Bankers of America (ICBA) today called on federal banking regulators to issue a uniform final rule on Community Reinvestment Act modernization that minimizes new data...
Credit union field of membership application blocked in Virginia
The Virginia State Corporation Commission denied Virginia Credit Union Inc.’s application to expand its field of membership to include the Medical Society of Virginia—the latest setback to the...
ICBA: Ford ILC application shows need to close loophole
The Ford Motor Co. plan to apply for an industrial loan company charter shows why the ILC loophole should be closed, ICBA’s Chris Cole told American Banker.
SBA now accepting requests for PPP partial-forgiveness reviews
The Small Business Administration said its Paycheck Protection Program platform can now accept borrower requests to review lenders’ partial forgiveness decisions.
Financial Services Industry United in Opposition to Marshall-Durbin Credit Routing Legislation
Today nine trade associations representing the financial services industry released the following joint statement opposing announced legislation by Senator Roger Marshall (R-KS) and Senator Dick...
CFPB, DOJ issue reminder on servicemember auto finance protections
The Consumer Financial Protection Bureau and Justice Department issued a joint letter reminding auto finance companies of their responsibility to recognize legal protections for military families...
Fed: Stablecoin growth poses structural vulnerabilities
The value of outstanding stablecoins grew roughly fivefold last year, the Federal Reserve said in its 2021 annual report.
FDIC issues fact sheet, advisory on crypto deposit insurance claims
The FDIC published a fact sheet to consumers and an advisory to financial institutions on FDIC deposit insurance and crypto companies.
Senate spending deal excludes ICBA-opposed policies
The Senate budget reconciliation deal announced this week by Senate Majority Leader Chuck Schumer (D-N.Y.) and Sen. Joe Manchin (D-W.Va.) excludes several proposed tax provisions strongly opposed...
Senate drops postal banking funding from appropriations bill
Senate appropriators dropped an ICBA-opposed legislative proposal to expand the U.S. Postal Service’s banking pilot after ICBA urged lawmakers to block the plan.
OCC issues CRA fact sheets ahead of comment deadline
The OCC released a series of fact sheets on the banking agencies’ proposed updates to Community Reinvestment Act regulations ahead of the Aug. 5 comment deadline.
CFPB adds new debt-collection FAQs
The Consumer Financial Protection Bureau added a new section to its frequently asked questions on the Debt Collection Rule in Regulation F.
ICBA to committee: Fully vet stablecoin bill before any vote
While legislation is urgently needed to address risks posed by unregulated stablecoins, taking up last-minute legislation at this week’s House Financial Services Committee markup would be...
FS-ISAC spotlights Holy Ghost ransomware group
The Financial Services Information Sharing and Analysis Center’s latest weekly risk report details the Holy Ghost ransomware group, which has been active for more than a year and has connections to...
ICBA urges agencies to keep voluntary cyber tool up to date
ICBA called on federal regulators to continue building on the Cybersecurity Assessment Tool risk assessment framework while keeping it voluntary.
Senators introduce broad cannabis bill as safe harbor push continues
Senate Democrats introduced sweeping legislation to end federal cannabis prohibitions, potentially paving the way for an ICBA-advocated cannabis banking safe harbor.
Feds announce first crypto insider trading indictment
Federal law enforcement officials announced the first-ever insider trading tipping indictment involving cryptocurrency.
House again passes cannabis banking bill
The House advanced an ICBA-advocated cannabis banking safe harbor as part of a fiscal 2023 defense authorization bill.
TCM Bank Names William Weeks Chief Information Officer
TCM Bank, N.A., the credit card bank of ICBA Bancard, which is the payments services subsidiary of the Independent Community Bankers of America (ICBA), today announced the hire of William Weeks as...
ICBA Names Andrew Hipolit Assistant Vice President, Financial Policy, Research and Advocacy
The Independent Community Bankers of America (ICBA) today announced that Andrew Hipolit has joined its government relations team as assistant vice president, financial policy, research, and advocacy.
Community banks vital to manufacturing-concentrated states: FDIC
Community banks in manufacturing-concentrated states have provided more commercial loans than other community banks and reported higher net interest margins, according to a new FDIC report.
ICBA Statement on Mutual Savings Association Advisory Committee Charter Renewal
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement regarding the Office of the Comptroller of the Currency’s renewal of the Mutual...
What community banks can do about the super app rise
ICBA Bancard President and CEO Tina Giorgio’s latest blog post covers the rise of the super app and what community banks can do about it.
ICBA Statement on Confirmation of Michael Barr for Fed Vice Chair of Supervision
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on Michael Barr’s confirmation for Federal Reserve vice chair of supervision.
ICBA Services Network Announces New Members to Board of Directors
ICBA Services Network today announced that Thomas E. Bates Jr.; G. Scott McComb, and Noah Wilcox were elected to the ICBA Services Network board of directors.
USPS defends postal banking pilot
The U.S. Postal Service defended its decision to launch an ICBA-opposed postal banking pilot program without first consulting the Postal Regulatory Commission.
ICBA Testifies Urging Congress to Apply Community Reinvestment Act to Credit Unions
The Independent Community Bankers of America (ICBA) today called on Congress to examine the need to apply the Community Reinvestment Act to tax-exempt credit unions.
ICBA testifying today on CRA modernization
ICBA is scheduled to testify today before Congress on the interagency proposal to modernize Community Reinvestment Act regulations.
CFPB confirms March 2023 for 1071 final rule
The Consumer Financial Protection Bureau plans to issue a final rule implementing Section 1071 small-business reporting requirements by March 31, 2023, according to court filing.
Agencies encourage risk-based approach to customer due diligence
Federal financial services regulators issued a joint statement to remind banks of the risk-based approach to assessing customer relationships and conducting customer due diligence.
ICBA “dashboard” and briefing highlight community bank-focused advocacy efforts for Q3
ICBA’s third quarter “Advocacy in Action” government relations dashboard and recent advocacy briefing provide community banks with an update on ICBA’s advocacy successes, along with more...
ICBA guidance on new FDIC approach to re-presented transactions
With the FDIC taking a new, stricter approach to how banks treat single items that are repeatedly rejected for insufficient funds, ICBA released member-protected fact sheet on the issue with...
CRA Partners/USI Alliance Names Ohio Community Banker New Chairman
CRA Partners/USI Alliance, an ICBA subsidiary, today announced the election of G. Scott McComb, chairman, president and CEO of Heartland Bank in Whitehall, Ohio, as chairman of the USI Alliance...
ICBA to House: Include cannabis, notarization bills in defense act
ICBA and other groups today are calling on the House to include a cannabis banking safe harbor in the fiscal 2023 National Defense Authorization Act (H.R. 7900).
‘Buy now, pay later’ surge deflates merchant interchange push
While merchants are urging regulators to expand the Durbin Amendment, the recent surge of “buy now, pay later” is deflating their interchange arguments, according to ICBA’s latest blog post.
Community Banker Anne Balcer Today Joins ICBA as New Head of Government Relations
Anne Balcer today officially joined the Independent Community Bankers of America (ICBA) as senior executive vice president, chief government relations and public policy.
How ICBA’s ThinkTECH Accelerator refines tech solutions
ICBA's latest blog post shares how this year's ICBA ThinkTECH Accelerator program helped three fintech participants refine their solutions to address community bank pain points and opportunities.