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OCC issues guidance on legal lending limit
The OCC issued guidance on the applicability of the legal lending limit to purchased loans.
Agencies release report on top routinely exploited vulnerabilities
The Cybersecurity and Infrastructure Security Agency and other agencies issued a report on last year’s top routinely exploited vulnerabilities.
ICBA Urges Court and CFPB to Grant Relief from 1071 Small-Business Rule
ICBA, the Independent Bankers Association of Texas (IBAT), and Texas First Bank today filed a motion and complaint calling on a federal court to declare that the CFPB’s Section 1071 final rule is...
Independent Banker magazine wins 2023 Content Marketing Award for Top Association Publication
ICBA Independent Banker magazine was named the winning association publication in the 2023 Content Marketing Awards.
Minneapolis Fed: Higher rates affect least profitable ag producers most
A recent article from the Federal Reserve Bank of Minneapolis explains how higher interest rates affect the farm sector.
Regulators update BSA/AML exam manual
The Federal Financial Institutions Examination Council announced updated sections and related examination procedures in its Bank Secrecy Act/Anti-Money Laundering Examination Manual.
Romero Rainey: ICBA continues advocating community bank 1071 relief
ICBA is taking steps to ensure that a recent court decision granting temporary injunctive relief from the CFPBs Section 1071 final rule applies to all community banks, ICBA President and CEO Rebeca...
Nonbank Figure withdraws OCC charter application
Figure Technologies, a nonbank consumer lender looking to expand into payments services, withdrew its application for a national bank charter.
Committee passes ICBA-advocated resolution to block CFPB’s 1071 rule
The House Financial Services Committee voted 29-21 to advance an ICBA-advocated resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule.
FDIC issues new cease-and-desist letter on deposit insurance claims
The FDIC issued a new letter demanding that a nonbank crypto entity cease making false or misleading representations about deposit insurance.
ICBA offers summary on large bank capital proposal
ICBA released a summary of a recently released interagency proposed rule to strengthen regulatory capital standards on large banks.
ICBA issues summary on large bank capital proposal
ICBA released a summary of a recently released interagency proposed rule to strengthen regulatory capital standards on large banks.
Fed survey: Plurality of banks seek to maintain current balance sheet size
Nearly one-third of respondents to a Federal Reserve survey of senior financial officers said their banks plan to take actions to maintain the current size of their balance sheets over the next six...
CISA warns of Ivanti system vulnerabilities
Threat actors are exploiting vulnerabilities in the Ivanti Endpoint Manager Mobile device management system, according to a cybersecurity advisory from the Cybersecurity and Infrastructure Security...
ICBA Names Faith Lutat Vice President of Member Relations
The Independent Community Bankers of America (ICBA) today announced the hire of Faith Lutat as vice present of member relations.
ICBA Commends House Committee for Passing Resolution to Nullify CFPB’s Small-Business Reporting Rule
ICBA today commended the House Financial Services Committee for advancing an ICBA-advocated resolution to nullify the Consumer Financial Protection Bureau’s Section 1071 small-business data...
Nearly 1,000 ICBA Community members in first week
The numbers show this month’s launch of the ICBA Community online platform has been well-received by community bankers, ICBA’s Vanessa Hanson writes in a new blog post.
Agencies release proposal on large bank capital standards
The FDIC, Federal Reserve, and OCC released an interagency proposed rule to strengthen capital standards on the largest banks and explicitly said they would not apply to community banks.
New ICBA podcast on 2023 top lenders
The latest episode of ICBA’s “Independent Banker” podcast features community bankers from Independent Banker magazine’s lists of 2023’s top community bank lenders.
CFPB report targets consumer financial products
The Consumer Financial Protection Bureau released a new Supervisory Highlights report on unfair, deceptive, and abusive acts or practices across various consumer financial products.
New compliance note on sanctions-related self-disclosures
The Treasury, Commerce, and Justice departments issued a joint compliance note focusing on voluntary self-disclosure policies that apply to U.S. sanctions, export controls, and other national...
Romero Rainey: ICBA support for special assessment exemplifies its mission
ICBA’s support for the FDIC’s proposed special assessment exemption for community banks illustrates its unique mission, ICBA President and CEO Rebeca Romero Rainey wrote in a new blog post.
ICBA polling campaign on interchange bill running this week
With Sens. Richard Durbin (D-Ill.) and Roger Marshall (R-Kan.) working to attach credit card routing restrictions to the National Defense Authorization Act, ICBA this week is promoting its new...
Fed’s Barr: Fair lending oversight needs to adapt to technological change
Regulators will need to adapt their application of the Fair Housing Act and Equal Credit Opportunity Act to deal with technological change and other developments as the financial system evolves.
As Lawmakers Push to Include Credit Card Restrictions in Defense Bill, New ICBA Polling Shows Voter Opposition
With Sens. Durbin (D-Ill.) and Marshall (R-Kan.) working to attach their controversial credit card routing restrictions to the pending National Defense Authorization Act, ICBA today released new...
ICBA Urges FDIC to Finalize Special Assessment Rule as Proposed
ICBA said it supports the Federal Deposit Insurance Corporation’s proposed rule to exempt community banks with less than $5 billion in uninsured deposits from its special assessment following the...
Community banker cautions Congress on deposit insurance reform
ICBA community banker Thomas Fraser—CEO of First Mutual Holding Co. in Lakewood, Ohio—testified on deposit insurance reform before the Senate Banking Committee on behalf of his banks.
Court ruling opens door to more legal disputes over debts
A U.S. appeals court this week issued a decision that widens the avenue for consumers to challenge their debt under the Fair Credit Reporting Act.
Committee slated to vote tomorrow on blocking 1071 rule
With the House Financial Services Committee slated to take up an ICBA-advocated resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA called on the committee to...
Same Day ACH continues expansion
The value of Same Day ACH payments grew 51.7% in the first half of 2023 from a year earlier, while payments volume rose 13.7%, Nacha reported.
80% of FDIC special assessment comment letters from community bankers
Community bankers responded in force to ICBA’s grassroots advocacy campaign supporting the FDIC’s proposal to exempt community banks under $5 billion in assets from its special assessment.
ICBA Commends Federal Reserve for FedNow Launch
The Independent Community Bankers of America (ICBA) today commended the Federal Reserve for its launch of the FedNow Service, the Fed’s instant payment service that ICBA has staunchly advocated for...
ICBA: Community banks not ‘furnishers’ under fair credit law
Community banks should not be classified as data furnishers when data brokers obtain consumer information from a bank, ICBA told the Consumer Financial Protection Bureau.
ICBA launches online community for members
ICBA announced the launch of ICBA Community—an online platform that provides professional networking and discussion opportunities exclusively for community bankers.
ICBA Commends Fed Vice Chair Barr for Targeting Regulatory Capital Reforms on Largest Institutions
(ICBA) President and CEO Rebeca Romero Rainey issued the following statement on Federal Reserve Vice Chair for Supervision Michael Barr’s remarks on pending regulatory capital rules.
ICBA Commends Senate Small Business Committee for Advancing Legislation Addressing SBA 7(a) Changes
The Independent Community Bankers of America (ICBA) today commended the Senate Small Business Committee for advancing legislation to address ICBA-opposed Small Business Administration changes to...
With Bipartisan ACRE Act Introduced in Senate, ICBA Polling Shows Strong Support Among Voters
Following today’s Senate introduction of bipartisan legislation to support farmers, ranchers, and rural homeowners, ICBA released new polling conducted by Morning Consult showing broad support for...
ICBA, groups oppose effort to tie credit card bill to defense legislation
ICBA and other financial services groups expressed strong opposition to an attempt to advance credit card routing restrictions via this year’s National Defense Authorization Act, while ICBA...
CRA Partners Launches Forum for Community Bank CRA Professionals
CRA Partners, an ICBA affiliate, today announced the formation of CRA Collaborative, a peer group that provides community bankers with opportunities to engage in discussion around Community...
CFPB: Most consumer complaints target credit reports
The CFPB said more than three-quarters of its consumer complaints in 2022 focused on credit or consumer reporting, primarily related to inaccurate information on consumer credit reports.
ICBA, state associations urge opposition to credit card routing bill
ICBA and 44 state community banking associations called on members of Congress to oppose the Credit Card Competition Act (S. 1838/H.R. 3881) while ICBA continues its grassroots campaign against the...
CFPB, OCC penalize BofA for re-presentment fees, other practices
The Consumer Financial Protection Bureau and OCC announced penalties against Bank of America for assessing multiple overdraft and non-sufficient-funds fees against customers for a single...
ICBA Announces Launch of Online Community Exclusively for Members
ICBA today announced the launch of ICBA Community—an online platform that provides professional networking and discussion opportunities exclusively for community bankers.
Texas Community Banker Elected to ICBA Securities Board
ICBA Securities Inc.®, the broker-dealer subsidiary of the ICBA, today announced the election of Gabriel Guerra, president and CEO of Kleberg Bank in Corpus Christi, Texas, to the ICBA Securities...
ICBA to CFPB: Guidance on abusive conduct doesn’t acknowledge other regulations
The CFPB’s policy statement that explains the legal prohibition on abusive conduct in consumer financial markets fails to acknowledge the myriad rules and regulations that apply to insured...
ICBA, groups support permanent Sub S tax deduction
ICBA and other groups expressed support for legislation to make permanent the 20% Section 199A deduction for small and individually owned businesses.
CFPB hearing targeting medical billing
The Consumer Financial Protection Bureau said it will host a hearing next week on medical billing and collections issues, including medical credit cards and installment loans.
ICBA continuing grassroots campaigns
ICBA continues calling on community bankers to use its Be Heard grassroots resource center to urge their members of Congress to oppose legislation to impose routing mandates on credit card...
Best Community Banks to Work For nominations due this week
Nominations for Independent Banker magazine’s 2023 Best Community Banks to Work For awards are due this week.
ICBA urging community banker comment letters on FDIC assessment proposal
ICBA is calling on community bankers to send individual comment letters to the FDIC to support the agency’s proposal to exempt community banks under $5 billion in assets from its proposed special...
N.Y. Fed says digital ledgers feasible for global payments
The Federal Reserve Bank of New York Innovation Center released reports on its research into an interoperable network for wholesale payments using a distributed ledger shared by multiple entities.
New ICBA podcast features ‘40 Under 40’ emerging leaders
The latest episode of ICBA’s “Independent Banker” podcast features an interview with community bankers showcased in Independent Banker magazine’s "40 Under 40" list of emerging community bank leaders.
Fed minutes: More rate hikes this year
Nearly every member of the Federal Reserve’s rate-setting body said additional interest rate increases would be appropriate in 2023, according to the minutes of last month’s meeting.
Independent Banker features top lenders for 2023
ICBA's Independent Banker magazine announced in the July issue its rankings of the top community bank loan producers based on 2022 FDIC data.
CRA Partners/USI Alliance Welcomes New York Community Banker to Board of Directors
CRA Partners/USI Alliance today announced the election of Robert M. Fisher, president, CEO, and chairman of Tioga State Bank in Spencer, N.Y., as a member of the USI Alliance and Senior Housing...
Grassroots push continues on key issues
ICBA continues calling on community bankers to use its Be Heard grassroots resource center to urge their members of Congress to oppose legislation to impose routing mandates on credit card...
CFPB accepting Community Bank Advisory Council applications
The Consumer Financial Protection Bureau is now accepting applications for membership on the Community Bank Advisory Council and other advisory committees through July 16.
CFPB signals focus on AI in loan underwriting
The Consumer Financial Protection Bureau indicated it will focus on the use of artificial intelligence in loan underwriting and will take enforcement action if algorithmic underwriting models...
CISA launches CyberSentry threat detection program
The Cybersecurity and Infrastructure Security Agency launched a CyberSentry threat detection and monitoring capability with critical infrastructure partners.
FDIC head of supervising complex institutions retires
The FDIC announced the retirement of John Conneely following a nearly 35-year career at the agency, including his recent leadership of the FDIC’s Division of Complex Institution Supervision and...