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FHFA eliminates ICBA-opposed GSE fee

FHFA eliminates ICBA-opposed GSE fee ICBA welcomed the Federal Housing Finance Agency’s announcement that it will eliminate an ICBA-opposed fee on refinance loans delivered to the...

Jul 19, 2021
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Article
Federal Home Loan Banks (FHLB) Federal Housing Finance Agency Regulatory Relief

ICBA launches fintech investment fund

ICBA launches fintech investment fund ICBA is forming BankTech Ventures, an investment fund designed to accelerate technology opportunities and adoption at community banks. ICBA is forming BankTech...

Jul 19, 2021
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Article
Fintech Innovation

ICBA: Postal banking designed to fail

ICBA: Postal banking designed to fail Postal banking is a risky venture for which the U.S. Postal Service is ill suited, ICBA told Congress in its latest issue brief. Postal banking is a risky...

Jul 16, 2021
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Article
Government Banks Postal Service Banking

ICBA urges grassroots on rural lending tax relief

ICBA urges grassroots on rural lending tax relief Following the recent Senate introduction of legislation to provide rural lending tax relief, ICBA is calling on community bankers to urge their...

Jul 16, 2021
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Article
Agriculture Rural Development

Child Tax Credit payments start today

Child Tax Credit payments start today The IRS today begins distributing Advance Child Tax Credit payments authorized by the American Rescue Plan. The IRS today begins distributing Advance Child Tax...

Jul 15, 2021
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Article
Taxes & Budget

Independent Banker Ranks Top Loan Performers

Independent Banker Ranks Top Loan Performers This month’s issue of Independent Banker, the award-winning magazine of the Independent Community Bankers of America (ICBA) and the number-one source...

Jul 14, 2021
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Article

ICBA Promotes Mike DeVoll to Assistant Vice President, Marketing Strategy and Execution

ICBA Promotes Mike DeVoll to Assistant Vice President, Marketing Strategy and Execution The Independent Community Bankers of America today announced Mike DeVoll’s promotion to assistant vice...

Jul 16, 2021
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Article

ICBA Welcomes End of FHFA Refinance Fee

ICBA Welcomes End of FHFA Refinance Fee Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on today's Federal Housing Finance Agency...

Jul 16, 2021
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Article
Mortgage Rules

FASB to pursue further CECL improvements

FASB to pursue further CECL improvements The Financial Accounting Standards Board this week agreed to add a project to its technical agenda to investigate the suspension of troubled debt...

Jul 16, 2021
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Article
Current Expected Credit Losses (CECL) Audit

CISA warns of Microsoft Print Spooler vulnerability

CISA warns of Microsoft Print Spooler vulnerability The Cybersecurity and Infrastructure Security Agency issued Emergency Directive 21-04 on mitigating a vulnerability in the Microsoft Windows...

Jul 15, 2021
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Article
Risk Cybersecurity

Agencies propose guidance on third-party relationships

Agencies propose guidance on third-party relationships Federal banking regulators proposed interagency guidance designed to help banks manage risks associated with third-party relationships,...

Jul 14, 2021
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Article
Compliance

Terri Howard Joins TCM Bank as Senior Vice President, People & Culture

Terri Howard Joins TCM Bank as Senior Vice President, People & Culture TCM Bank, N.A., the credit card bank of ICBA Bancard®, which is the payments services subsidiary of the Independent Community...

Jul 12, 2021
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Article

ICBA Minority Bank Advisory Council Opposes IRS Reporting Proposal

ICBA Minority Bank Advisory Council Opposes IRS Reporting Proposal The Independent Community Bankers of America’s (ICBA) Minority Bank Advisory Council today expressed strong opposition to the...

Jul 12, 2021
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Article
Minority Owned Depository Institutions (MDI) Taxes & Budget

ICBA, BPI Urge Federal Reserve to Clarify, Strengthen Guidelines for Fed Account Access

ICBA, BPI Urge Federal Reserve to Clarify, Strengthen Guidelines for Fed Account Access The Independent Community Bankers of America and Bank Policy Institute today called on the Federal Reserve to...

Jul 12, 2021
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Article
Federal Reserve Audit

ICBA minority bank council opposes IRS reporting plan

ICBA minority bank council opposes IRS reporting plan ICBA’s Minority Bank Advisory Council today is expressing strong opposition to the Biden administration’s proposal to require banks to report...

Jul 12, 2021
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Article
Taxes & Budget

White House directs tougher scrutiny of bank mergers

White House directs tougher scrutiny of bank mergers President Joe Biden directed the Justice Department and federal banking regulators to more closely scrutinize bank mergers and make it easier...

Jul 12, 2021
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Article
Commerce & Banking

ICBA Bancard and Finzly Partner to Offer Instant Payments

ICBA Bancard and Finzly Partner to Offer Instant Payments ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America (ICBA), today announced a new partnership...

Jul 09, 2021
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Article

Former NCUA official criticizes credit union bank purchases

Former NCUA official criticizes credit union bank purchases A former National Credit Union Administration official this week raised concerns over credit union acquisitions of community banks. A...

Jul 09, 2021
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Article

Congress pushes back on IRS reporting plan

Congress pushes back on IRS reporting plan House Ways and Means Committee Republicans issued a fact sheet pushing back on the Biden administration’s proposal to require banks to report customer...

Jul 09, 2021
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Article
Taxes & Budget

CFPB launches housing insecurity media toolkit

CFPB launches housing insecurity media toolkit The Consumer Financial Protection Bureau launched a digital media toolkit with resources for renters and mortgage borrowers who continue to struggle...

Jul 09, 2021
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Article
Compliance