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ICBA commends Fed’s Bowman on guidance recommendations

ICBA commended Federal Reserve Governor Michelle Bowman for her recommendations to improve newly released interagency guidance on third-party risk management.

Jun 08, 2023
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Article
Payments Fintech Regulation

ICBA urging grassroots messages supporting rural lending tax relief bill

ICBA is calling on community bankers to urge their members of Congress to co-sponsor legislation to exempt from taxation the interest income on farm real estate and rural mortgage loans.

Jun 08, 2023
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Article
Agriculture Taxes & Budget Rural Development

ICBA Statement on Interagency Guidance on Third-Party Risk Management

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on Federal Reserve Governor Michelle Bowman’s statement regarding interagency...

Jun 07, 2023
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Article
Risk

CFPB encourages collaboration to combat elder financial abuse

The Consumer Financial Protection Bureau encouraged participation in Elder Fraud Prevention and Response Networks, which it has helped establish alongside state and local organizations.

Jun 06, 2023
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Article
Compliance

ICBA Independent Banker Recognizes Emerging Leaders in Annual 40 Under 40 List

Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America (ICBA), announced its fifth annual list of 40 Under 40: Emerging Community Bank...

Jun 02, 2023
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Article
Community Bank Awareness

ICBA Announces Staff Additions to Government Relations Team

ICBA today announced two additions to its government relations team with the hire of Lance Noggle as senior vice president operations, senior regulatory counsel and Scott Anchin as vice president,...

Jun 02, 2023
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Article

ICBA urges second framework on harmonizing ISO 20022 requirements

ICBA called on a Bank for International Settlements panel to issue a second proposed framework on ISO 20022 harmonization requirements for enhancing cross-border payments.

Jun 01, 2023
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Article
Payments

Past innovations offer insights on instant payments: blog

A new blog post from ICBA Bancard President and CEO Tina Giorgio reviews the evolution of digital payments and lessons for the current conversation about instant payments.

May 24, 2023
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Article
Payments Payments

Global securities watchdog proposes guidelines for crypto regulation

The International Organization of Securities Commissions published a consultation report with its proposed policy recommendations for regulating crypto markets as securities.

May 24, 2023
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Article
Cybersecurity Digital Assets

House committee leaders issue discussion draft of crypto market structure bill

House Financial Services Committee Chairman Patrick McHenry (R-N.C.) and House Agriculture Committee Chairman Glenn "GT" Thompson (R-Pa.) released a discussion draft of legislation to establish a...

Jun 05, 2023
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Article
Agriculture Digital Assets

Regulators propose standards for automated valuation models

Federal regulators requested public comment on a proposed rule designed to implement quality control standards for automated valuation models, or AVMs, used by mortgage originators and secondary...

Jun 02, 2023
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Article
Compliance

Regulators Offer Insights, Input and Guidance on the Growth of Community Bank Innovation at ICBA ThinkTECH’s Regulator Day

Recognizing the need to prioritize and foster ongoing engagement between regulators and the community banking technology community, the Independent Community Bankers of America (ICBA) today hosted...

Jun 01, 2023
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Article

Community bank Q1 net income up 6.1% from a year ago

Community banks reported a 6.1% first-quarter increase in net income from a year ago and a 4.2% decline from the previous quarter, according to the FDIC’s latest Quarterly Banking Profile.

Jun 01, 2023
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Article
Community Bank Awareness

Campaign on CFPB’s 1071 rule continues

With the House still planning to take up a resolution to nullify the Consumer Financial Protection Bureau’s Section 1071 data-collection rule, ICBA continues calling on community bankers to urge...

Jun 01, 2023
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Article
Compliance

TCM Bank Celebrates 25 Years of Service to Community Banks

ICBA Bancard®, the payments services subsidiary of the Independent Community Bankers of America (ICBA), announced that its credit card bank, TCM Bank, N.A., is celebrating its 25th anniversary this...

May 30, 2023
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Article

As Community Bankers Gather in Nation’s Capital, Polling Confirms Growing Public Support for Local Banking

ICBA today is kicking off the 2023 ICBA Capital Summit in Washington with the release of new national and state-level polling data showing Americans in all 50 states have an increasingly favorable...

May 15, 2023
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Article

FHFA rescinds upfront fees based on debt-to-income ratio

The Federal Housing Finance Agency rescinded its previously announced upfront fees for certain borrowers with a debt-to-income ratio above 40%.

May 12, 2023
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Article
Compliance

ICBA Commends FDIC for Exempting Community Banks from Special Assessment

ICBAPresident and CEO Rebeca Romero Rainey issued the following statement on today’s Federal Deposit Insurance Corporation proposed rule on special assessments for the resolutions of Silicon Valley...

May 11, 2023
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Article
Deposit Insurance

ICBA Strongly Supports Bipartisan ACRE Act Offering Tax Relief for Rural Lending

The Independent Community Bankers of America (ICBA) today expressed its strong support for the House introduction of the Access to Credit for our Rural Economy (ACRE) Act (H.R. 3139) to support...

May 10, 2023
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Article
Agriculture Rural Development

House panel to consider draft bills on agency transparency following bank failures

The House Financial Services Committee today will hold a hearing on several draft bills to increase transparency at federal banking regulators following the recent failures of several large banks.

May 10, 2023
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Article
Deposit Insurance