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ICBA, Groups Urge CFPB to Rescind Revised Examination Manual

The Independent Community Bankers of America (ICBA) and other groups issued a joint white paper detailing why recent Consumer Financial Protection Bureau actions to expand its examination of banks...

Jun 28, 2022
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Article
Compliance

ICBA Statement on Committee Passage of the Close the ILC Loophole Act

ICBA and the nation’s community banks strongly support the Close the ILC Loophole Act (H.R. 5912) and thank Reps. Chuy Garcia (D-Ill.) and Lance Gooden (R-Texas) for introducing this important...

Jun 23, 2022
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Article
Commerce & Banking

Committee set to vote on ILC bill after pulling overdraft measure

The House Financial Services Committee today is set to vote on ICBA-advocated legislation to close the industrial loan company loophole after pulling an ICBA-opposed bill to implement overdraft...

Jun 23, 2022
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Article
Lending

CFPB initiates review of credit card late fees

The Consumer Financial Protection Bureau issued an advance notice of proposed rulemaking to reopen CARD Act rules that regulate how much financial firms can charge in credit card late fees.

Jun 23, 2022
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Article
Compliance Payments

Payments One Credit Enhances the Small Business & Commercial Card Experience

Small business and commercial card payments are an exciting growth and relationship opportunity for community banks. Both small business and commercial card types hold strong value and the size and...

Jun 22, 2022
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Article
Payments

ICBA, Groups Urge FDIC to Reconsider Reversal on Supervisory Appeals Office

The Independent Community Bankers of America (ICBA) and other groups called on the Federal Deposit Insurance Corp. to reconsider its decision to eliminate the Office of Supervisory Appeals and...

Jun 22, 2022
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Article
Commerce & Banking Lending

Building a Commercial Card Program – A Missouri Community Banker Weighs In

When Chad King, director of business services at $3.5 billion-asset First State Community Bank in Farmington, Mo., came to the bank nearly a decade ago, they charged him with setting up merchant...

Jun 22, 2022
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Article
Payments

ICBA, groups urge FDIC to reconsider appeals office change

ICBA and other groups called on the FDIC to reconsider its decision to eliminate the Office of Supervisory Appeals and reinstate the agency’s Supervision Appeals Review Committee.

Jun 23, 2022
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Article
Compliance Regulatory Relief