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Same Day ACH continues expansion

The value of Same Day ACH payments grew 51.7% in the first half of 2023 from a year earlier, while payments volume rose 13.7%, Nacha reported.

Jul 26, 2023
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Article
Automated Clearing House (ACH)

80% of FDIC special assessment comment letters from community bankers

Community bankers responded in force to ICBA’s grassroots advocacy campaign supporting the FDIC’s proposal to exempt community banks under $5 billion in assets from its special assessment.

Jul 25, 2023
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Article
Federal Deposit Insurance Corporation (FDIC)

ICBA Commends Federal Reserve for FedNow Launch

The Independent Community Bankers of America (ICBA) today commended the Federal Reserve for its launch of the FedNow Service, the Fed’s instant payment service that ICBA has staunchly advocated for...

Jul 20, 2023
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Article

ICBA: Community banks not ‘furnishers’ under fair credit law

Community banks should not be classified as data furnishers when data brokers obtain consumer information from a bank, ICBA told the Consumer Financial Protection Bureau.

Jul 17, 2023
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Article
Consumer Financial Protection Bureau (CFPB)

ICBA launches online community for members

ICBA announced the launch of ICBA Community—an online platform that provides professional networking and discussion opportunities exclusively for community bankers.

Jul 12, 2023
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Article
Growing the Community

ICBA Commends Fed Vice Chair Barr for Targeting Regulatory Capital Reforms on Largest Institutions

(ICBA) President and CEO Rebeca Romero Rainey issued the following statement on Federal Reserve Vice Chair for Supervision Michael Barr’s remarks on pending regulatory capital rules.

Jul 10, 2023
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Article
Federal Reserve Compliance

ICBA Commends Senate Small Business Committee for Advancing Legislation Addressing SBA 7(a) Changes

The Independent Community Bankers of America (ICBA) today commended the Senate Small Business Committee for advancing legislation to address ICBA-opposed Small Business Administration changes to...

Jul 19, 2023
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Article
Small Business Administration

With Bipartisan ACRE Act Introduced in Senate, ICBA Polling Shows Strong Support Among Voters

Following today’s Senate introduction of bipartisan legislation to support farmers, ranchers, and rural homeowners, ICBA released new polling conducted by Morning Consult showing broad support for...

Jul 19, 2023
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Article
Agriculture

ICBA, groups oppose effort to tie credit card bill to defense legislation

ICBA and other financial services groups expressed strong opposition to an attempt to advance credit card routing restrictions via this year’s National Defense Authorization Act, while ICBA...

Jul 17, 2023
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Article
Credit Cards

CRA Partners Launches Forum for Community Bank CRA Professionals

CRA Partners, an ICBA affiliate, today announced the formation of CRA Collaborative, a peer group that provides community bankers with opportunities to engage in discussion around Community...

Jul 13, 2023
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Article
Community Reinvestment Act (CRA)

CFPB: Most consumer complaints target credit reports

The CFPB said more than three-quarters of its consumer complaints in 2022 focused on credit or consumer reporting, primarily related to inaccurate information on consumer credit reports.

Jul 12, 2023
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Article
Consumer Financial Protection Bureau (CFPB) Compliance

ICBA, state associations urge opposition to credit card routing bill

ICBA and 44 state community banking associations called on members of Congress to oppose the Credit Card Competition Act (S. 1838/H.R. 3881) while ICBA continues its grassroots campaign against the...

Jul 12, 2023
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Article
Credit Cards

CFPB, OCC penalize BofA for re-presentment fees, other practices

The Consumer Financial Protection Bureau and OCC announced penalties against Bank of America for assessing multiple overdraft and non-sufficient-funds fees against customers for a single...

Jul 12, 2023
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Article
Consumer Financial Protection Bureau (CFPB) Compliance

ICBA Announces Launch of Online Community Exclusively for Members

ICBA today announced the launch of ICBA Community—an online platform that provides professional networking and discussion opportunities exclusively for community bankers.

Jul 11, 2023
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Article
Growing the Community

Texas Community Banker Elected to ICBA Securities Board

ICBA Securities Inc.®, the broker-dealer subsidiary of the ICBA, today announced the election of Gabriel Guerra, president and CEO of Kleberg Bank in Corpus Christi, Texas, to the ICBA Securities...

Jul 07, 2023
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Article

ICBA to CFPB: Guidance on abusive conduct doesn’t acknowledge other regulations

The CFPB’s policy statement that explains the legal prohibition on abusive conduct in consumer financial markets fails to acknowledge the myriad rules and regulations that apply to insured...

Jul 07, 2023
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Article
Consumer Financial Protection Bureau (CFPB)

ICBA, groups support permanent Sub S tax deduction

ICBA and other groups expressed support for legislation to make permanent the 20% Section 199A deduction for small and individually owned businesses.

Jul 07, 2023
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Article
Taxes & Budget

CFPB hearing targeting medical billing

The Consumer Financial Protection Bureau said it will host a hearing next week on medical billing and collections issues, including medical credit cards and installment loans.

Jul 06, 2023
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Article
Consumer Financial Protection Bureau (CFPB)

ICBA continuing grassroots campaigns

ICBA continues calling on community bankers to use its Be Heard grassroots resource center to urge their members of Congress to oppose legislation to impose routing mandates on credit card...

Jul 05, 2023
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Article
Grassroots/Be Heard

Best Community Banks to Work For nominations due this week

Nominations for Independent Banker magazine’s 2023 Best Community Banks to Work For awards are due this week.

Jul 05, 2023
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Article