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ICBA takes on postal banking pilot in press
ICBA takes on postal banking pilot in press ICBA continued its pushback against the U.S. Postal Service’s quiet launch of a financial services pilot program to test postal banking. Coverage: On NBC...
Minority bank council to Congress: reject IRS reporting plan
ICBA’s Minority Bank Advisory Council continued its opposition to the Biden administration’s proposal to require banks to report customer account information to the IRS. Letter: Writing to the...
Luetkemeyer leads pushback on 7(a) direct loan proposal
Luetkemeyer leads pushback on 7(a) direct loan proposal House Small Business Committee Ranking Member Blaine Luetkemeyer (R-Mo.) expressed concerns with ICBA-opposed proposed changes to the SBA...
Minority Banks Urge Congress to Scrap IRS Reporting Plan
Washington, D.C. (Oct. 1, 2021) — The Independent Community Bankers of America’s (ICBA) Minority Bank Advisory Council today expressed strong opposition to the Biden administration’s proposal that...
ICBA to Congress: Preserve community bank SBA lending
ICBA to Congress: Preserve community bank SBA lending ICBA called on Congress to reject proposed changes to the SBA 7(a) loan program that would displace community bank SBA lending. Details: In...
ICBA offers Cybersecurity Awareness Month resources
With Cybersecurity Awareness Month kicking off today, ICBA is offering community banks various resources to participate. Resources: ICBA and Cybersecurity and Infrastructure Security Agency tools...
Public-private partnership key to CBDC: report
Public-private partnership key to CBDC: report A future central bank digital currency system would need to involve both public and private actors to ensure interoperability with the broader payment...
IRS proposal tweaks don’t stop pushback
While policymakers are looking to narrow the ICBA-opposed IRS reporting proposal, ICBA is continuing its campaign urging consumers to speak out against the plan. Threshold: To narrow its...
ICBA: Congress Cannot Salvage Voter-Opposed IRS Reporting Plan
2021-09-24 ICBA: Congress Cannot Salvage Voter-Opposed IRS Reporting Plan Washington, D.C. (Sept. 24, 2021)—Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey...
ICBA Launches Ad Campaign on Credit Union Tax Exemption
ICBA Launches Ad Campaign on Credit Union Tax Exemption USA Today ads highlight exploitation of credit union tax exemption Washington, D.C. (Sept. 23, 2021) — The Independent Community Bankers of...
ICBA launches multi-state credit union ad push
2021-09-22 ICBA launches multi-state credit union ad push ICBA today is launching a print and digital advertising campaign in key states calling on Congress to investigate the credit union tax...
Treasury crypto sanctions portend broad regulatory response
Treasury crypto sanctions portend broad regulatory response Financial regulators on Tuesday began cracking down on cryptocurrency exchanges and laid out significant concerns with digital assets....
FinCEN issues online child sexual exploitation notice
2021-09-21 FinCEN issues online child sexual exploitation notice The Financial Crimes Enforcement Network issued a notice on increasing online child sexual exploitation. The notice provides...
Industrial Loan Company Loophole Necessitates Congressional Scrutiny and Legislative Solution
Industrial Loan Company Loophole Necessitates Congressional Scrutiny and Legislative Solution Joint statement by BPI, CRL and ICBA in advance of U.S. Subcommittee hearing on “The Future of Banking”...
ICBA Urges FDIC to Permanently Raise Regulatory Asset Thresholds
2021-09-27 ICBA Urges FDIC to Permanently Raise Regulatory Asset Thresholds Washington, D.C. (Sept. 27, 2021) — The Independent Community Bankers of America (ICBA) today called on the Federal...
SBA: PPP portal tops 1M submissions
SBA: PPP portal tops 1M submissions The SBA said its Paycheck Protection Program Direct Borrower Forgiveness Portal has topped 1 million applications for $17 billion in relief since it launched...
ICBA Statement on Nomination of Saule Omarova for Comptroller of the Currency
2021-09-23 ICBA Statement on Nomination of Saule Omarova for Comptroller of the Currency Washington, D.C. (Sept. 23, 2021) — Independent Community Bankers of America (ICBA) President and CEO Rebeca...
IRS consumer campaign tops 400K messages
IRS consumer campaign tops 400K messages ICBA’s campaign urging consumers to speak out against an IRS reporting proposal topped 400,000 consumer messages to members of Congress, with lawmakers...
ICBA kicks off ad campaign targeting credit unions
2021-09-23 ICBA kicks off ad campaign targeting credit unions ICBA launched a print and digital advertising campaign on the credit union tax exemption ahead of a key congressional hearing next...
OCC issues proposal on rescinding CRA rule
OCC issues proposal on rescinding CRA rule The OCC formally published its proposal to rescind its June 2020 Community Reinvestment Act rule and replace it with interagency rules adopted in 1995....
ICBA Urges Agencies to Extend Community Bank Leverage Ratio Flexibility
Washington, D.C. (Sept. 20, 2021) — The Independent Community Bankers of America (ICBA) today called on federal banking regulators to extend Community Bank Leverage Ratio flexibility given the...
Romero Rainey: Continue IRS reporting push
Romero Rainey: Continue IRS reporting push ICBA President and CEO Rebeca Romero Rainey called on community bankers to continue engaging consumers against a proposal that would require banks to...
ICBA Opposes Proposed Changes to SBA 7(a) Program
Washington, D.C. (Sept. 16, 2021) — Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement opposing proposed changes to the Small...
Grassroots continues against reconciliation tax hikes
Grassroots continues against reconciliation tax hikes Legislative language released this week contains ICBA-opposed tax increases that community bankers can speak out against. Background:...
CISA - Cyber Summit set for October
This event brings together cybersecurity and critical infrastructure stakeholders from around the world and provides a forum for meaningful conversations and collaboration about how we can protect...
ICBA urges National Flood Insurance Program extension
ICBA urges National Flood Insurance Program extension ICBA and other groups called on congressional leaders to extend the National Flood Insurance Program before it expires on Sept. 30. Background:...
Credit union acquisitions demand Washington response: ICBA chairman
With the number of credit union-bank acquisitions passing 100, the time has come for policymakers to examine the credit union tax exemption, ICBA Chairman Robert Fisher writes in a new op-ed....
Treasury push on IRS reporting shows urgency of ICBA campaign
Treasury push on IRS reporting shows urgency of ICBA campaign The Treasury Department and IRS continued pressing Congress to include an ICBA-opposed IRS reporting proposal in the pending budget...
ICBA Statement on Fannie, Freddie Preferred Stock Purchase Agreements
Washington, D.C. (Sept. 15, 2021) — Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on Fannie Mae and Freddie Mac’s Preferred...
Cybersecurity Safety
What exactly is cybersecurity? Cybersecurity, also known as information technology security, is the practice of protecting electronic systems, data, applications, and networks from the interference...
Migrating to 8-Digit BINs
As the timeline for 8-digit bank identification number (BIN) migration approaches, it is important to stay up to date on developments and next steps in preparation for the new industry standard....
Payments Trends for 2022 Planning and Beyond
We are in the midst of a transformative time in payments; COVID-19 has fueled an accelerated shift to digital channels, and meanwhile, new payment rails (instant) are being deployed and starting to...
Embracing the new normal
2021-09-14 Whenever I hear the phrase, “the new normal” I’m reminded of the seismic shift in interactions with customers over the course of the pandemic. This is even more apparent when considering...
A Look Ahead: Payments in 2022
2021-09-14 It may be hard to believe but we’re rapidly approaching the end of 2021. Given some of the significant trends and developments this year, 2022 is likely to be a pivotal year for payments...
Making customer interactions personal for a digitized world
Making customer interactions personal for a digitized world As in-branch visits decrease and the number of digital transactions increase, it will be more important than ever to ensure customer...
IRS proposal draws strong consumer opposition: op-ed
2021-09-13 IRS proposal draws strong consumer opposition: op-ed A proposal to require banks to report customer account information to the IRS is eliciting strong consumer opposition, ICBA Secretary...
OSHA developing standards for employer vaccine mandate
OSHA developing standards for employer vaccine mandate The Occupational Safety and Health Administration is expected to release new standards following President Joe Biden’s executive order...
New op-ed continues push against IRS reporting plan
2021-09-10 New op-ed continues push against IRS reporting plan While Sen. Joe Manchin (D-W.Va.) has raised concerns about the price tag of budget-reconciliation legislation, Americans are speaking...
Agencies extend comment period on third-party guidance
Agencies extend comment period on third-party guidance Federal regulators announced they will extend the comment period on proposed guidance designed to help banks manage risks associated with...
ICBA Encourages Consumers to Support Local Businesses During National Small Business Week
2021-09-13 ICBA Encourages Consumers to Support Local Businesses During National Small Business Week Washington, D.C. (Sept. 13, 2021 ) — The Independent Community Bankers of America (ICBA) is...
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....