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FI Works Announces Partnership with First Community Bank & Trust
2021-05-14 FI Works Announces Partnership with First Community Bank & Trust FI Works is excited to announce a new partnership with First Community Bank and Trust of Beecher, Illinois. First...
ICBA, The Venture Center Kick off Thought Leadership Series
ICBA, The Venture Center Kick off Thought Leadership Series ICBA ThinkTECH Innovation Series focuses on technology innovation for community banks Washington, D.C. (May 12, 2021) — The Independent...
ICBA, ProfitStars Expand Preferred Service Provider Program with Information Security and Risk Management Solutions
2021-05-11 ICBA, ProfitStars Expand Preferred Service Provider Program with Information Security and Risk Management Solutions Washington, D.C. (May 11, 2021) — The Independent Community Bankers of...
ICBA continues support for ‘true lender’ rule
ICBA continues support for ‘true lender’ rule ICBA and other groups told Congress they oppose legislative efforts to repeal the OCC’s “true lender” rule. Joint Letter: Following a similar ICBA...
ICBA, groups urge OCC to withdraw CRA rule
2021-05-07 ICBA, groups urge OCC to withdraw CRA rule ICBA and other groups this week called on the OCC to formally withdraw its Community Reinvestment Act rule or delay its January 2023 compliance...
ICBA Names Kristina Morris as Director of Innovation
ICBA Names Kristina Morris as Director of Innovation Washington, D.C. (May 6, 2021) — The Independent Community Bankers of America (ICBA) announced today that Kristina Morris has joined as director...
ICBA urges OCC to block sale of mutual bank’s assets to credit union
2021-05-12 ICBA urges OCC to block sale of mutual bank’s assets to credit union ICBA's Mutual Council and America’s Mutual Banks urged the OCC to suspend the sale of Brainerd Savings and Loan...
FS-ISAC Coronavirus Update, May 12, 2021
FS-ISAC Coronavirus Update, May 12, 2021 Headlines The rate of new Covid cases in the US fell to an average of 38,800 per day Monday, according to data compiled by Johns Hopkins University, the...
ICBA to Serve as Strategic Advisor to JAM FINTOP Banktech Investment Fund
2021-05-10 ICBA to Serve as Strategic Advisor to JAM FINTOP Banktech Investment Fund Involvement to Spur Technology Access and Adoption for Community Banks Washington, D.C. (May 10, 2021) — The...
Fed proposes changes to interchange regs
Fed proposes changes to interchange regs The Federal Reserve Board invited public comment on proposed changes to Regulation II (Debit Card Interchange Fees and Routing). Details: The changes would...
ARRC issues market indicators supporting LIBOR alternative
The Alternative Reference Rates Committee last week published market indicators it will consider in recommending a forward-looking Secured Overnight Financing Rate term rate to support the...
ICBA to FinCEN: exempt banks from beneficial owner mandates
ICBA to FinCEN: exempt banks from beneficial owner mandates ICBA called on the Financial Crimes Enforcement Network to amend its customer due diligence rules and withdraw its requirement that banks...
FS-ISAC Coronavirus Update, May 7, 2021
Headlines Americans have entered a new, hopeful phase of the pandemic as the outlook has improved across the nation, with cases and hospitalizations at their lowest points in nearly seven months,...
Treasury extends MDI, CDFI program
Treasury extends MDI, CDFI program The Treasury Department extended its program to invest in Minority Depository Institutions and Community Development Financial Institutions, as requested by ICBA....
Postal banking won’t deliver: letter
While increasing financial inclusion and improving U.S. Postal Service financial stability are worthy goals, postal banking would accomplish neither, Pennsylvania Association of Community Bankers...
FS-ISAC Coronavirus Update, May 5, 2021
FS-ISAC Coronavirus Update, May 5, 2021 Headlines President Joe Biden on Tuesday announced the next phase of his vaccination rollout and set a new goal of administering at least one Covid-19...
Bowman provides reg update on fintech partnerships
A recent column from Federal Reserve Gov. Michelle Bowman provides an update on regulatory efforts to promote community bank innovation and partnerships with fintech firms. Background: The article...
Fed: banking system showing resilience
Fed: banking system showing resilience Financial institutions’ strong capital and liquidity positions have enabled the banking system to support the U.S. economic recovery, the Federal Reserve...
Capital Summit grassroots continue today
While this week’s ICBA Capital Summit concludes today, ICBA is urging community bankers to continue engaging their elected officials with grassroots messages on social media. Grassroots: Community...
Fed proposes standards for accessing Fed accounts, payments system
Fed proposes standards for accessing Fed accounts, payments system The Federal Reserve Board proposed guidelines for evaluating requests for accounts with the Fed and access to the payments system,...
IRS issues another 1.1M EIPs
The IRS said it is disbursing another 1.1 million Economic Impact Payments in the eighth batch under the American Rescue Plan. New Batch: The latest batch—which has a total value of more than $2...
FS-ISAC Coronavirus Update, May 6, 2021
FS-ISAC Coronavirus Update, May 6, 2021 Headlines Covid-19 cases will likely surge again in the US, peaking in May before sharply declining by July, according to new data released Wednesday from...
PPP general fund exhausted
PPP general fund exhausted The Paycheck Protection Program’s general fund was reportedly exhausted Tuesday ahead of the program’s May 31 authorization, though some PPP funds remain for certain...
CFPB reports on mortgage borrower challenges
2021-05-05 CFPB reports on mortgage borrower challenges The Consumer Financial Protection Bureau said more needs to be done to help mortgage borrowers coping with the COVID-19 pandemic and economic...
Independent Banker features 2020’s top performers
Independent Banker features 2020’s top performers The May issue of Independent Banker magazine spotlights the best-performing community banks of 2020. This year’s list focuses on how nimble...
PPP funds could be exhausted soon
2021-05-04 PPP funds could be exhausted soon The SBA reportedly told congressional offices that general Paycheck Protection Program funding could be exhausted soon. Details: While the SBA hasn’t...
FS-ISAC Coronavirus Update, May 4, 2021
FS-ISAC Coronavirus Update, May 4, 2021 Headlines Globally, there have been more cases of Covid-19 reported in the last two weeks than during the first six months of the pandemic, the...
2021 Abrigo Business Lending Process Survey Results
2021-05-03 2021 Abrigo Business Lending Process Survey Results During the first quarter of 2021, Abrigo surveyed nearly 250 lenders, credit analysts, chief credit officers, chief risk officers, and...
Last chance for service award submissions
Last chance for service award submissions Today is the deadline to submit nominations and votes for ICBA’s updated National Community Bank Service Award program. This year’s awards recognize...
FS-ISAC Coronavirus Update, April 30, 2021
2021-04-30 FS-ISAC Coronavirus Update, April 30, 2021 Headlines BioNTech CEO Ugur Sahin said Thursday he is “confident” the company’s Covid-19 vaccine with US partner Pfizer is effective against a...
FS-ISAC Coronavirus Update, April 28, 2021
FS-ISAC Coronavirus Update, April 28, 2021 Headlines After a worrisome uptick in Covid-19 cases in the US in recent weeks, there are encouraging signs that the situation is beginning to stabilize,...
ICBA urging messages to Congress today
2021-04-26 ICBA urging messages to Congress today With hundreds of community bankers meeting virtually with congressional offices this week, ICBA today is urging community bankers nationwide to...
IRS reporting plan would increase burdens: ICBA’s Merski
IRS reporting plan would increase burdens: ICBA’s Merski ICBA’s Paul Merski told Bloomberg that additional IRS reporting being floated this week by the Biden administration would increase...
CFPB reports on fair lending enforcement
2021-04-29 CFPB reports on fair lending enforcement The Consumer Financial Protection Bureau issued its fair lending annual report to Congress describing its fair lending enforcement priorities and...
CFPB: More complaints from minority counties
CFPB: More complaints from minority counties The Consumer Financial Protection Bureau released a county-by-county analysis of consumer complaints. The bureau said it received more complaints per...
Credit union groups mixed on CRA-lite
Recently reintroduced Senate legislation to codify community outreach policies for community credit unions is getting a mixed reception from credit union industry groups. The Bill: The American...
CFPB delays new QM rule
CFPB delays new QM rule The Consumer Financial Protection Bureau issued a final rule formally delaying the mandatory compliance date of its recently modified general Qualified Mortgage final rule...
Community Bankers Advocate for Main Street in Meetings with Washington Policymakers This Week
Premier Community Banking Event, ICBA Capital Summit Kicks Off Today Washington, D.C. (April 27, 2021)—Community bankers from across the nation meet with key policymakers this week as part of the...
ICBA launches crypto webinar series
ICBA launches crypto webinar series With 80 percent of bitcoin holders saying they would store it with their bank if offered, ICBA ThinkTECH’s new Cryptocurrency Demystified webinar series will...
SBA reopens shuttered venue grant program
The SBA reopened the Shuttered Venue Operators Grant application portal after technology issues scuttled its April 8 launch. Background: The program offers $16 billion in grants for eligible live...
OCC conditionally approves Paxos bank charter
OCC conditionally approves Paxos bank charter The OCC conditionally approved the ICBA-opposed trust bank charter application from Paxos, a cryptocurrency platform. Charter: Paxos applied to charter...
Three days of grassroots at next week’s Capital Summit
Community bankers who can’t participate in next week’s virtual ICBA Capital Summit will still be able to join in the grassroots outreach. Grassroots: During the summit, ICBA will lead community...
VPN compromise illustrates growing malware trend
VPN compromise illustrates growing malware trend Cybersecurity firm FireEye said it is tracking 12 malware families associated with the exploitation of Pulse Secure VPN devices. Details: FireEye...
Taxpayer group urges credit union reforms
Congress should examine how the tax code is contributing to acquisitions of taxpaying community banks by tax-exempt credit unions, the National Taxpayers Union wrote in a new op-ed. NTU Op-ed: On...
ICBA opposes Calif. public banking bill
ICBA opposes Calif. public banking bill ICBA and other groups expressed opposition to a bill in the California legislature that would establish a government banking system in the state. The Bill:...
Nation’s Community Bankers Convene for ICBA Capital Summit
Sens. Sherrod Brown, Joe Manchin to address nation’s community banks The Independent Community Bankers of America (ICBA) will host hundreds of meetings with community bank leaders and key...
FS-ISAC Coronavirus Update, April 20, 2021
2021-04-20 FS-ISAC Coronavirus Update, April 20, 2021 Headlines The Centers for Disease Control and Prevention reported Monday that the seven-day average of new Covid-19 cases is now at more than...
ICBA backs bill promoting de novo bank formation
ICBA backs bill promoting de novo bank formation ICBA voiced its support for new legislation by Rep. Andy Barr (R-Ky.) to kickstart the economic recovery in underserved areas by easing regulations...
FDIC launches campaign promoting financial inclusion
2021-04-16 FDIC launches campaign promoting financial inclusion The FDIC launched a public awareness campaign supporting financial empowerment to educate consumers about the benefits of opening a...
Same Day ACH volume increased 88%, passes 1 billion mark
Same Day ACH volume increased 88%, passes 1 billion mark ACH Network volume soared in the first quarter—increasing by 11.2 percent to 7.1 billion payments in compared to the first quarter of 2020...
FS-ISAC Coronavirus Update, April 16, 2021
2021-04-16 FS-ISAC Coronavirus Update, April 16, 2021 Headlines Vaccine advisers to the Centers for Disease Control and Prevention have scheduled a meeting for April 23 to take up the question of...
House passes cannabis banking safe harbor
House passes cannabis banking safe harbor The House voted 321-101 to pass ICBA-advocated legislation to establish a safe harbor for financial institutions that serve cannabis-related businesses in...
Lawmakers seek SBA feedback on PPP backlog
2021-04-20 Lawmakers seek SBA feedback on PPP backlog A group of House Republicans asked the SBA for information on its backlog of Paycheck Protection Program loan-forgiveness applications....
ICBA: Climate risk study should preserve housing stability
ICBA: Climate risk study should preserve housing stability Fannie Mae, Freddie Mac, and the Federal Home Loan Banks should take steps to better understand and mitigate climate-related risks in...
ICBA Supports House Passage of SAFE Banking Act
2021-04-20 ICBA Supports House Passage of SAFE Banking Act Washington, D.C. (April 19, 2021)—Independent Community Bankers of America® (ICBA) President and CEO Rebeca Romero Rainey issued the...
ICBA Advances Community Banking Policy Priorities
ICBA Advances Community Banking Policy Priorities Washington, D.C. (April 19, 2021) — The Independent Community Bankers of America (ICBA) today released its legislative and regulatory priorities to...
CISA - Critical Infrastructure Hurricane Response During a Pandemic
2021-04-14 CISA - Critical Infrastructure Hurricane Response During a Pandemic The Cybersecurity and Infrastructure Security Agency (CISA) invites you to participate in a webinar discussion on its...
Blog: ThinkTECH Accelerator tripled number of bank participants
Blog: ThinkTECH Accelerator tripled number of bank participants After 12 fully immersive weeks and hundreds of meetings with industry stakeholders, the ICBA ThinkTECH Accelerator 2021 cohort...
Fed outlines vision, key pillars for FedNow Service
Federal Reserve Bank Chief Innovation Officer Dan Anthony will outline the agency’s technology strategy and next steps in preparation for the rollout of its FedNow Service during a 90-minute...
ICBA comments on computer security incident notification requirement
ICBA comments on computer security incident notification requirement ICBA submitted a comment letter in response to a notice of proposed rulemaking requiring banks to notify their primary federal...