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Credit union bank acquisitions break record halfway through 2024

ICBA-opposed credit union acquisitions of taxpaying community banks have reached an annual record less than halfway through the year, according to a new report.

Jun 10, 2024
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Article
Credit Unions

Simplifying the Path to Homeownership: ICBA Offers Essential Tips for Homebuyers

In celebration of National Homeownership Month, the Independent Community Bankers of America (ICBA) is encouraging current and prospective homeowners to connect with their trusted local community...

Jun 03, 2024
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Article
Community Bank Awareness Mortgage Rules

Latest Bank Acquisition by Tax-Exempt Credit Union Shows Need for Expansive Congressional Action

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement after the latest acquisition of a tax-paying bank by a tax-exempt credit union.

May 31, 2024
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Article
Credit Unions

Community bank net income rises in Q1

Community bank net income rose 6.1% in the first quarter but remained down 13.9% from a year ago, according to the FDIC’s latest Quarterly Banking Profile.

May 30, 2024
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Article
Community Bank Awareness

FDIC, CFPB hearings this week

A look at some of the hearings taking place this week that are relevant to community bankers.

Jun 10, 2024
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Article
Compliance Deposit Insurance

Another Credit Union Bank Acquisition Subsidized by Taxpayers Demands Response from Policymakers

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement after this year’s 12th acquisition of a tax-paying bank by a tax-exempt credit...

Jun 04, 2024
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Article
Credit Unions

Next Generation of Community Bankers Celebrated in ICBA's 40 Under 40 Listing

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

Jun 03, 2024
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Article

Next Generation of Community Bankers Celebrated in ICBA's 40 Under 40 Listing

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

May 31, 2024
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Article

2024’s 10th Bank Acquisition by Tax-Exempt Credit Union Demands Response

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement following the latest acquisition of a tax-paying bank by a tax-exempt credit...

May 24, 2024
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Article
Credit Unions

ICBA Statement on Farm Bill Passage by House Agriculture Committee

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on House Agriculture Committee passage of the farm bill, H.R. 8467, on a 33-21...

May 24, 2024
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Article
Agriculture Farm Bill Rural Development

SEC warns investors about crypto fraud

The Securities and Exchange Commission issued an investor alert on how fraudsters use cryptoassets to lure victims and hide their identities, which makes recovering stolen funds more difficult.

May 30, 2024
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Article
Cybersecurity Digital Assets Fraud

Treasury issues risk assessment on NFTs

The Treasury Department published its first risk assessment on non-fungible tokens.

May 30, 2024
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Article
Cybersecurity Fraud

ICBA calling for grassroots outreach on CBDC bill ahead of vote

With the House expected to vote this week on ICBA-supported legislation to restrict the development of a U.S. central bank digital currency, ICBA is calling on community bankers to urge their...

May 22, 2024
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Article
Digital Assets

New podcast: how fintechs and community banks can work together

The latest episode of ICBA’s “Independent Banker” podcast highlights how fintechs can elevate community banks.

May 21, 2024
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Article

ICBA: Another credit union acquisition demands congressional response

Following the latest acquisition of a community bank by a tax-exempt credit union, ICBA issued a national news release calling on Congress to respond.

May 20, 2024
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Article
Credit Unions

ICBA Commends House Passage of Bill Barring Creation of U.S. Central Bank Digital Currency

ICBA today commended members of the House of Representatives who successfully voted to pass ICBA-advocated legislation that would restrict the ability of the federal government to introduce a U.S....

May 23, 2024
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Article
Digital Assets Digital Assets Government Banks

CFPB rule says BNPL lenders are credit card providers

The Consumer Financial Protection Bureau issued an interpretive rule that says “buy now, pay later” lenders are credit card providers.

May 23, 2024
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Article
Compliance

ICBA Commends House Passage of Bill Barring Creation of U.S. Central Bank Digital Currency

ICBA today commended members of the House of Representatives who successfully voted to pass ICBA-advocated legislation that would restrict the ability of the federal government to introduce a U.S....

May 22, 2024
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Article
Digital Assets

ICBA Statement on Tomorrow’s House Agriculture Committee Farm Bill Markup

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on tomorrow’s House Agriculture Committee farm bill markup.

May 22, 2024
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Article
Farm Bill

ICBA issues new guide for members on check fraud

ICBA released a community banker guide to check fraud as part of its ongoing effort to address the growing problem.

May 22, 2024
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Article
Fraud