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Cybersecurity advisory warns of holiday attacks

Cybersecurity advisory warns of holiday attacks The Cybersecurity and Infrastructure Security Agency and FBI issued a cybersecurity reminder for public and private sector organizations to remain...

Nov 29, 2021
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Article
Cybersecurity Technology

SBA office backs 1071 comment extension

SBA office backs 1071 comment extension The SBA Office of Advocacy expressed support for ICBA and state banking associations’ request that the Consumer Financial Protection Bureau extend the...

Nov 24, 2021
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Article
Compliance

ICBA congratulates Powell, Brainard on Fed nominations

ICBA congratulates Powell, Brainard on Fed nominations ICBA congratulated Federal Reserve Chairman Jerome Powell and Fed Governor Lael Brainard after President Joe Biden said he intends to nominate...

Nov 23, 2021
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Article
Federal Reserve

Bill would bar SBA 7(a) direct lending

Bill would bar SBA 7(a) direct lending Legislation to bar SBA direct lending under its 7(a) loan program was introduced amid an ICBA grassroots campaign opposing the policy. Legislation to bar SBA...

Nov 23, 2021
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Article
Lending

OCC provides crypto guidance as agencies announce roadmap

OCC provides crypto guidance as agencies announce roadmap Federal regulators said they plan to provide greater regulatory clarity on crypto-related activities next year, with the OCC issuing an...

Nov 24, 2021
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Article
Digital Assets Technology

ICBA cautions FHFA on excessive credit risk transfer reliance

ICBA cautions FHFA on excessive credit risk transfer reliance ICBA said it is largely supportive of proposed amendments to the Federal Housing Finance Agency’s final capital rule, though it...

Nov 24, 2021
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Article
Housing Finance/GSEs

ICBA Statement on House Passage of Reconciliation Bill

ICBA Statement on House Passage of Reconciliation Bill Independent Community Bankers of America President and CEO Rebeca Romero Rainey today issued a statement on the House passage of its budget...

Nov 19, 2021
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Article
Taxes & Budget

ICBA Introduces BankTech Ventures Investment Fund

ICBA Introduces BankTech Ventures Investment Fund The Independent Community Bankers of America today announced the Initial Closing of a fund launched by BankTech Ventures, LP. The venture capital...

Nov 19, 2021
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Article
Technology

Agencies issue computer incident notification final rule

Agencies issue computer incident notification final rule Federal banking regulators approved a final rule designed to improve the sharing of information about cyber incidents that may affect the...

Nov 19, 2021
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Article
Compliance Cybersecurity Technology

ICBA issues summary of employer vaccine mandate

ICBA issues summary of employer vaccine mandate ICBA published a summary of the Biden administration’s policy requiring employers with 100 or more employees to ensure their workers are fully...

Nov 18, 2021
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Article
Crisis Preparedness Risk

ICBA: SBA plans should include community bank role

ICBA: SBA plans should include community bank role ICBA told the SBA it should continue partnering with community banks rather than attempting to remove them from the loan origination process. ICBA...

Nov 23, 2021
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Article
Lending

Statement on Federal Reserve Nominations of Jerome Powell, Lael Brainard

Statement on Federal Reserve Nominations of Jerome Powell, Lael Brainard ICBA President and CEO Rebeca Romero Rainey issued a statement on today’s announcement that President Joe Biden intends to...

Nov 22, 2021
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Article
Federal Reserve

House passes spending bill without IRS reporting plan

House passes spending bill without IRS reporting plan The House passed its version of the Build Back Better reconciliation bill without numerous ICBA-opposed provisions, including the IRS bank...

Nov 22, 2021
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Article
Taxes & Budget

Fed officials: Faster tapering may be needed

Fed officials: Faster tapering may be needed Federal Reserve officials discussed the potential need to speed up the tapering of asset purchases in response to rising job gains and inflation....

Nov 22, 2021
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Article
Federal Reserve

OCC nominee faces tough questions at Senate hearing

OCC nominee faces tough questions at Senate hearing Community bank opposition to Saule Omarova’s nomination to lead the Office of the Comptroller of the Currency took center stage at a contentious...

Nov 19, 2021
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Article
Office of the Comptroller of Currency (OCC)

ICBA urging grassroots pushback against SBA direct lending plan

ICBA urging grassroots pushback against SBA direct lending plan ICBA is calling on community bankers to continue the campaign opposing proposed changes to the SBA 7(a) loan program contained in the...

Nov 17, 2021
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Article
Lending

Hsu: Agencies planning additional clarity on crypto activities

Hsu: Agencies planning additional clarity on crypto activities Federal banking regulators will soon issue a short statement that describes the recently concluded interagency “crypto sprint,” Acting...

Nov 17, 2021
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Article
Digital Assets Technology

ICBA, state groups oppose Omarova OCC nomination

ICBA, state groups oppose Omarova OCC nomination ICBA and state community banking groups expressed opposition to Cornell University law professor Saule Omarova’s nomination to lead the Office of...

Nov 18, 2021
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Article
Office of the Comptroller of Currency (OCC)

ICBA, groups push for NCUA oversight hearing

ICBA, groups push for NCUA oversight hearing ICBA and other groups called on Congress to hold an oversight hearing on troubling National Credit Union Administration rulemaking activity. ICBA and...

Nov 18, 2021
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Article
Credit Unions

Credit union satisfaction lags banks again: index

Credit union satisfaction lags banks again: index Consumer satisfaction with credit unions lagged banks for the third year in a row, according to a national survey covered by CU Today. Consumer...

Nov 17, 2021
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Article
Credit Unions