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NCUA board meeting today on subordinated debt
NCUA board meeting today on subordinated debt The National Credit Union Administration board is scheduled to meet at 10 a.m. (Eastern time) today to vote on an ICBA-opposed final rule allowing...
FinCEN proposes virtual currency recordkeeping rules
FinCEN proposes virtual currency recordkeeping rules The Financial Crimes Enforcement Network issued a proposed rule to increase transparency of certain transactions involving convertible virtual...
SolarWinds criminals narrow follow-up attacks: Microsoft
SolarWinds criminals narrow follow-up attacks: Microsoft The cyber criminals who targeted the SolarWinds Orion Platform appear to have limited their follow-up attacks to a relatively small number...
CFPB issues follow-up debt-collection rule
CFPB issues follow-up debt-collection rule The Consumer Financial Protection Bureau issued a final rule to implement Fair Debt Collection Practices Act requirements for certain consumer...
Agencies adjust CRA asset thresholds
Federal regulators announced the annual adjustment to Community Reinvestment Act thresholds.
SolarWinds: What community banks need to know
SolarWinds: What community banks need to know The supply chain attack on the SolarWinds Orion Platform and subsequent customer breaches is affecting every corner of the economy, including community...
SolarWinds-related breaches: What community banks need to know
SolarWinds-related breaches: What community banks need to know The supply chain attack on the SolarWinds Orion Platform, and the subsequent breaches to its customers, is a significant cybersecurity...
FDIC proposes amendments to SAR regs
FDIC proposes amendments to SAR regs The FDIC proposed a rule to amend the agency’s Suspicious Activity Report regulation. The proposal would permit the FDIC to issue additional, case-by-case...
Community Banks Participating in ICBA/Travelers Program Receive Year End Dividend
Community Banks Participating in ICBA/Travelers Program Receive Year End Dividend The Independent Community Bankers of America today announced that a dividend of $4.3 million will be shared by more...
ICBA Statement on ILC, Brokered Deposit Rules
ICBA Statement on ILC, Brokered Deposit Rules Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued a statement on today's Federal Deposit Insurance Corp. final...
ICBA: CFPB should narrow 1071 reporting plan
ICBA: CFPB should narrow 1071 reporting plan The Consumer Financial Protection Bureau's outline of proposals for implementing small-business data collection and reporting rules is too broad and...
ICBA Response to the CFPB’s Outline of Proposals for 1071
ICBA Response to the CFPB’s Outline of Proposals for 1071 The Independent Community Bankers of America welcomes the opportunity to comment on the Consumer Financial Protection Bureau’s Outline of...
FDIC board meeting on ILC parent companies, brokered deposits
FDIC board meeting on ILC parent companies, brokered deposits The FDIC board of directors is set to meet tomorrow to vote on a final rule to codify its capital, liquidity and source-of-strength...
CFPB finalizes QM reforms
CFPB finalizes QM reforms The Consumer Financial Protection Bureau finalized rules addressing the pending expiration of the "GSE Patch," which exempts Fannie Mae and Freddie Mac mortgage loans from...
Senate vote on 'beneficial owner' reform as soon as today
Senate vote on 'beneficial owner' reform as soon as today The Senate is expected to vote as soon as today on a compromise defense spending bill that includes a key step toward ICBA-advocated relief...
Bipartisan stimulus proposal includes ICBA priorities
Bipartisan stimulus proposal includes ICBA priorities Draft proposed legislation released by a bipartisan group of lawmakers includes ICBA-advocated stimulus priorities. Draft proposed legislation...
Romero Rainey: Act now on stimulus push
Romero Rainey: Act now on stimulus push ICBA President and CEO Rebeca Romero Rainey called on community bankers to make a final push for Congress to pass an economic relief package with key...
ICBA, state groups continue push for EIDL fix
ICBA, state groups continue push for EIDL fix ICBA and 44 state community banking associations called on Congress to fully forgive Economic Injury Disaster Loan Advances for recipients who also...
McWilliams touts "continuous engagement" oversight approach
McWilliams touts "continuous engagement" oversight approach More regular and informal meetings between banks and regulators to discuss operations and emerging risks could reduce the need for...
Time running out on stimulus grassroots
Time running out on stimulus grassroots With Congress running out of time to pass a stimulus package by year-end, ICBA is calling on community bankers to reach out to their lawmakers and enlist...
ICBA’s Rebeca Romero Rainey, Paul Merski Named by The Hill as Top Lobbyists
ICBA’s Rebeca Romero Rainey, Paul Merski Named by The Hill as Top Lobbyists Independent Community Bankers of America President and CEO Rebeca Romero Rainey and ICBA Group Executive Vice President...
SBA issues FAQ on PPP questionnaires
SBA issues FAQ on PPP questionnaires The SBA updated its Paycheck Protection Program frequently asked questions with guidance on why some PPP borrowers are receiving a loan necessity questionnaire....
'Beneficial owner' reform passes House
'Beneficial owner' reform passes House The House voted 335-78 to pass a compromise defense spending bill that includes a key step toward ICBA-advocated relief from "beneficial ownership" disclosure...
ICBA urges Congress to pass stimulus relief
ICBA urges Congress to pass stimulus relief ICBA called on Congress to enact pandemic relief legislation before the close of the 116th Congress. ICBA called on Congress to enact pandemic relief...
Comment Letter to the OCC concerning Figure Bank
Comment Letter to the OCC concerning Figure Bank The Independent Community Bankers of America appreciates this opportunity to provide comment to the Office of the Comptroller of the Currency...
'Beneficial owner' reform included in defense bill set for final vote
'Beneficial owner' reform included in defense bill set for final vote ICBA-advocated legislative language to provide relief from "beneficial ownership" disclosure mandates is included in compromise...
ICBA pushes PPP expense deductibility
ICBA pushes PPP expense deductibility ICBA and more than 500 other groups called on Congress to pass a technical correction amending the CARES Act to explicitly provide that PPP loan-forgiveness...
Grassroots urgent as stimulus talks heat up
Grassroots urgent as stimulus talks heat up As congressional negotiations over an economic stimulus package heat up, ICBA continues calling on community bankers to urge their lawmakers to include...
SBA details tax reporting on covered 7(a) payments
SBA details tax reporting on covered 7(a) payments The SBA issued a notice on the six months of 7(a), 504, and Microloan payments it is making for borrowers under Section 1112 of the CARES Act. The...
Bowman: Fed to offer best practices on fintech partnerships
Bowman: Fed to offer best practices on fintech partnerships The Federal Reserve plans to publish a white paper early next year on community bank partnerships with fintech companies and effective...
ICBA urges Congress to pass 'beneficial owner' reform
ICBA urges Congress to pass 'beneficial owner' reform ICBA called on members of Congress to pass a compromise defense spending bill that includes a key step toward ICBA-advocated relief from...
ARRC issues guide on LIBOR developments
ARRC issues guide on LIBOR developments The Alternative Reference Rates Committee released a guide and webinar recording on recent announcements on the transition from U.S. dollar LIBOR. The...
Scott, Thompson set to take over House Ag Committee
Scott, Thompson set to take over House Ag Committee Rep. David Scott (D-Ga.) will be the next House Agriculture Committee chairman after winning the vote of the House Democratic Caucus. Rep. David...
Maximizing Your Credit Card Portfolio in a COVID-19 Environment
Maximizing Your Credit Card Portfolio in a COVID-19 Environment COVID-19 has created financial strain for millions of Americans. For example, 56 percent of consumers have reported difficulties...
A Note from the Chairman
A Note from the Chairman Overnight, our banks were called upon to enhance and expand our digital offerings not because they perhaps needed a technology upgrade, but because our customers needed to...
Community bank net income rises 10%: FDIC
Community bank net income rises 10%: FDIC Community bank net income increased 10 percent in the third quarter from the same time last year, according to the FDIC's Quarterly Banking Profile....
OCC reduces assessments for 2021
OCC reduces assessments for 2021 The OCC said it is reducing rates in all fee schedules by 3 percent for the 2021 calendar year. The reduced assessments go into effect Jan. 1. The OCC said it is...
CFPB issues final policy on advisory opinions
CFPB issues final policy on advisory opinions The Consumer Financial Protection Bureau issued its final policy on advisory opinions, which are designed to provide guidance to entities on...
Agencies encourage end of LIBOR-based contracts
Agencies encourage end of LIBOR-based contracts Federal regulators issued a joint statement encouraging banks to cease entering into new contracts that use U.S. dollar LIBOR as a reference rate as...
ICBA Statement on Janet Yellen's Treasury Secretary Nomination
ICBA Statement on Janet Yellen's Treasury Secretary Nomination Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued a statement on Janet Yellen's nomination for...
Marketing Payments Products to Small Business Customers
Marketing Payments Products to Small Business Customers As community bank payment products become an increasingly central product line for small business customers, community banks are seeking new...
Now is the time for card modernization
Now is the time for card modernization Digital transformation isn’t just a buzzword—it’s become a critical need that will determine winners and losers in the coming year. The delay in innovation...
Protecting Against Fraud as Adoption of Digital Payments Soar
Protecting Against Fraud as Adoption of Digital Payments Soar The global pandemic has prompted consumers to reimagine how they interact with others, how they handle their daily duties, and how they...
Shift in Spending Habits Spurs Acceleration of Digital Payments Transformation
Shift in Spending Habits Spurs Acceleration of Digital Payments Transformation Community banks were already planning for a digital payments transformation, but the shift in spending habits during...
Lincoln Savings Bank Among Top SBA Lenders in Iowa for FY 2020
Lincoln Savings Bank Among Top SBA Lenders in Iowa for FY 2020 Lincoln Savings Bank (LSB) is one of the top SBA lenders in the state of Iowa for fiscal year 2020, and a recipient of three SBA “Top...
FBI: cyber criminals targeting web-based email
FBI: cyber criminals targeting web-based email The FBI recently issued a Private Industry Notification warning that cyber criminals are taking advantage of the work-from-home environment to exploit...
ICBA: No disparate impact liability under ECOA
ICBA: No disparate impact liability under ECOA ICBA told the Consumer Financial Protection Bureau that "disparate impact" liability is not legally cognizable under the Equal Credit Opportunity Act....
Yellen nominated for Treasury secretary
Yellen nominated for Treasury secretary ICBA congratulated Janet Yellen on her nomination to serve as the next Treasury secretary. In a statement, ICBA President and CEO Rebeca Romero Rainey said...
Visa Global Economic Insights (Nov. 2020)
Visa Global Economic Insights (Nov. 2020) This month’s report includes details on: how advanced economies have recovered faster from the economic downturn; three distinct ways in which consumers...
Visa U.S. Small Business Outlook (Fall 2020)
Visa U.S. Small Business Outlook (Fall 2020) Wayne Best, Chief Economist at Visa, shares that “small businesses are far less likely to be delinquent on their credit cards. See full report for...
ICBA’s Independent Banker Reveals 2020 Best Community Banks to Work For
ICBA’s Independent Banker Reveals 2020 Best Community Banks to Work For Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America, today...
SBA issues instructions on "loan necessity" questionnaires
SBA issues instructions on "loan necessity" questionnaires The SBA issued to lenders a letter and instructions on the agency's "loan necessity" questionnaire for Paycheck Protection Program loans...
Register Today for the Virtual ICBA ThinkTECH Policy Summit
Register Today for the Virtual ICBA ThinkTECH Policy Summit ICBA is hosting a virtual ICBA ThinkTECH Policy Summit to bring the nation’s community banks together with key stakeholders to discuss...
ICBA calling for lame-duck grassroots
ICBA calling for lame-duck grassroots ICBA is calling on community bankers to urge Congress to pass much-needed economic stimulus measures during the lame-duck session. ICBA is calling on community...
ICBA guide details EIDL lien requirements
ICBA guide details EIDL lien requirements ICBA is reminding community bankers about the procedures for renewing or refinancing a line of credit for a borrower with an Economic Injury Disaster Loan....
ICBA pushes back on PPP 'loan necessity' questionnaire
ICBA pushes back on PPP 'loan necessity' questionnaire ICBA has raised questions about an SBA "loan necessity" questionnaire for Paycheck Protection Program loans of $2 million or more that appears...
OCC issues proposal on CRA general performance standards
OCC issues proposal on CRA general performance standards The OCC issued a proposed rule on Community Reinvestment Act general performance standards with a 60-day comment period. The OCC issued a...
FHFA raises conforming loan limits for 2021
FHFA raises conforming loan limits for 2021 The Federal Housing Finance Agency increased the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2021. The Federal...
Bills would address EIDL-PPP conflict
Bills would address EIDL-PPP conflict ICBA recently expressed strong support for House and Senate legislation that would restore forgiveness for Economic Injury Disaster Loan Advance recipients who...
CFPB updates HMDA filing guide
CFPB updates HMDA filing guide The Consumer Financial Protection Bureau released an update to its Filing Instructions Guide for HMDA data collected in 2021 and reported in 2022. The Consumer...