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ICBA Congratulates New Conference of State Bank Supervisors President and CEO Brandon Milhorn

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Conference of State Bank Supervisors announcement that Brandon Milhorn...

Nov 30, 2023
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Article

ICBA to FDIC: Focus new resolution standards on banks over $100B

ICBA said it agrees with an FDIC proposal to implement resolution planning for banks with at least $100 billion in assets but said banks between $50 billion and $100 billon should generally be exempt.

Nov 30, 2023
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Article
Federal Deposit Insurance Corporation (FDIC)

Community bank net income declines in Q3

Community banks reported a 4.8% third-quarter decline in net income from the previous quarter and a 15% decrease from the same period a year ago, according to the FDIC’s latest Quarterly Banking...

Nov 30, 2023
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Article
Federal Deposit Insurance Corporation (FDIC) Lending

ICBA congratulates new CSBS chief

ICBA congratulated Brandon Milhorn for being named president and CEO of the Conference of State Bank Supervisors.

Dec 01, 2023
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Article

Chopra pressed on 1071 rule during Senate hearing

Consumer Financial Protection Bureau Director Rohit Chopra faced questions from Congress about the bureau’s Section 1071 small-business data reporting rule.

Dec 01, 2023
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Article
Consumer Financial Protection Bureau (CFPB)

FDIC, OCC issue CRA exam schedule

The FDIC and OCC issued lists of institutions scheduled for Community Reinvestment Act examination during the first and second quarters of 2024.

Dec 01, 2023
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Article
Community Reinvestment Act (CRA)

VeraBank Achieves Faster Time to Value with nCino

VeraBank, a community bank headquartered in Henderson, TX, partnered with nCino to modernize lending processes and streamline employee and customer experiences.

Nov 29, 2023
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Article

Honor Bank Successfully Deploys nCino's Commercial Banking Solution

nCino, Inc., a pioneer in cloud banking for the global financial services industry, today announced that Honor Bank, a full-service community bank in Northern Michigan, is live on the nCino Cloud...

Nov 29, 2023
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Article

FHFA raises conforming loan limits for 2024

The Federal Housing Finance Agency increased the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2024.

Nov 29, 2023
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Article
Federal Housing Finance Agency

CISA LinkedIn presentation today on cybersecurity protections

The Cybersecurity and Infrastructure Agency today is hosting a LinkedIn Live presentation on its Cross-Sector Cybersecurity Performance Goals.

Nov 29, 2023
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Article
Cybersecurity

Grassroots push continues ahead of House 1071 vote

ICBA is calling on community bankers to urge their members of Congress to support a resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule ahead of a House vote slated for...

Nov 30, 2023
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Article
Compliance

FinCEN extends deadline for beneficial ownership reporting

The Financial Crimes Enforcement Network extended the deadline for certain reporting companies to file their initial reports on beneficial ownership information.

Nov 30, 2023
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Article
Compliance

ICBA pushing grassroots outreach ahead of House 1071 vote

With the House expected to vote this week on an ICBA-advocated resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA is calling on community bankers to urge their...

Nov 29, 2023
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Article
Consumer Financial Protection Bureau (CFPB)

Fed officials weigh future rate hikes

Federal Reserve officials in separate speeches discussed the implications of softening economic activity on the interest rate outlook.

Nov 29, 2023
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Article

House set to vote this week on 1071 reversal

With the House expected to vote this week on an ICBA-advocated resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA is calling on community bankers to urge their...

Nov 28, 2023
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Article
Consumer Financial Protection Bureau (CFPB)

Treasury issues advisory on AI-enabled holiday scams

The Treasury Department’s Office of Cybersecurity and Critical Infrastructure Protection released an advisory highlighting tips consumers can take to avoid becoming the victim of cyber or online...

Nov 27, 2023
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Article
Compliance

ICBA briefing on CRA rule today

ICBA is hosting a complimentary community bank briefing on the interagency final rule to reform Community Reinvestment Act regulations.

Nov 28, 2023
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Article
Community Reinvestment Act (CRA)

Paper details ‘triangulation’ fraud targeting online shoppers

The Financial Services Information Sharing and Analysis Center issued a new white paper on triangulation fraud, a relatively new type of fraud that targets online shoppers and affects the broader...

Nov 28, 2023
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Article
Compliance Fraud

ICBA to Fed: Extend comment period on interchange proposal

ICBA and other groups urged the Federal Reserve Board to extend the comment period on its proposal to lower the maximum interchange fee that covered debit card issuers may receive for debit card...

Nov 28, 2023
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Article

ICBA briefing on CRA rule tomorrow

ICBA tomorrow is hosting a complimentary community bank briefing on the interagency final rule to reform Community Reinvestment Act regulations.

Nov 27, 2023
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Article
Community Reinvestment Act (CRA)

FinCEN warns of Employee Retention Credit fraud

The Financial Crimes Enforcement Network issued an alert to financial institutions on fraud schemes related to the COVID-19 Employee Retention Credit.

Nov 27, 2023
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Article
Compliance Fraud

Agencies extend comment period on megabank debt proposal

Federal banking regulators extended the comment period on their long-term debt proposed rule for large banks until Jan. 16, 2024. Comments on the proposal were originally due by Nov. 30.

Nov 27, 2023
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Article
Agencies/Regulators 

FDIC approves special committee for workplace review

The FDIC board of directors unanimously approved a special committee to oversee an independent third-party review of the agency’s workplace culture following reports of misconduct.

Nov 22, 2023
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Article

Agencies issue new advisory on LockBit ransomware

The Cybersecurity and Infrastructure Security Agency and other agencies released a joint cybersecurity advisory on detection methods associated with LockBit 3.0 ransomware affecting Citrix systems.

Nov 22, 2023
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Article
Cybersecurity

ICBA Supports CFPB Approval of Project to Improve Mortgage Disclosures

ICBA today expressed support for the Consumer Financial Protection Bureau’s approval of ICBA’s proposed template to improve mortgage disclosures required under TILA-RESPA Integrated Disclosure...

Nov 21, 2023
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Article
Consumer Financial Protection Bureau (CFPB)

Keynote speakers, learning labs set for ICBA LIVE

ICBA announced two keynote speakers and initial learning lab sessions for ICBA LIVE 2024, which is scheduled for March 14-17 in Orlando, Fla.

Nov 21, 2023
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Article

ICBA briefing on CRA rule next week

ICBA next week is slated to hold a complimentary community bank briefing on the interagency final rule to reform Community Reinvestment Act regulations.

Nov 21, 2023
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Article
Community Reinvestment Act (CRA)

Fed announces pricing for payment services

The Federal Reserve Board announced pricing for payment services offered by the Federal Reserve Banks, effective Jan. 2.

Nov 20, 2023
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Article

FS-ISAC issues report on LockBit ransomware group

The Financial Services Information Sharing and Analysis Center released a white paper on LockBit, one of the most prolific ransomware groups since 2019.

Nov 20, 2023
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Article
Cybersecurity

CFPB approves ICBA proposal to improve mortgage disclosures

ICBA expressed support for the Consumer Financial Protection Bureau’s approval of ICBA’s proposed template to improve mortgage disclosures required under TILA-RESPA Integrated Disclosure rules.

Nov 22, 2023
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Article
Consumer Financial Protection Bureau (CFPB)

FHFA finalizes changes to commingled securities, bi-merge requirements

The Federal Housing Finance Agency published a final rule that amends several provisions of the Enterprise Regulatory Capital Framework for Fannie Mae and Freddie Mac.

Nov 22, 2023
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Article
Federal Housing Finance Agency

ICBA urges preliminary notice on credit reporting rulemaking

ICBA and other groups called on the Consumer Financial Protection Bureau to issue an advance notice of proposed rulemaking before releasing its upcoming proposed rule on credit reporting.

Nov 21, 2023
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Article
Consumer Financial Protection Bureau (CFPB)

Sixth ThinkTECH Accelerator open for registration

Community bankers can now register to participate in the sixth ICBA ThinkTECH Accelerator program to meet with six emerging fintech companies advancing community bank innovation.

Nov 21, 2023
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Article

ICBA supports community bank exemption from FDIC special assessment

ICBA expressed support for the FDIC’s final rule exempting the vast majority of community banks from its special assessment to replenish the Deposit Insurance Fund.

Nov 20, 2023
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Article

FDIC finalizes community bank special assessment exemption

The FDIC board of directors voted 3-2 to approve its special assessment to replenish the Deposit Insurance Fund with an ICBA-supported exemption for the vast majority of community banks.

Nov 17, 2023
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Article

ICBA meets with Fed on re-presentment concerns

ICBA leadership community bankers and staff met with Federal Reserve officials on banking regulators’ supervisory approach to how banks assess fees on items that are repeatedly rejected for...

Nov 17, 2023
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Article

ICBA issues comprehensive CRA summary, reschedules briefing

ICBA released a comprehensive summary of the recently released interagency final rule to reform Community Reinvestment Act regulations.

Nov 20, 2023
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Article
Community Reinvestment Act (CRA)

ICBA Supports FDIC Special Assessment’s Community Bank Exemption

ICBA President and CEO Rebeca Romero Rainey issued the following statement on the Federal Deposit Insurance Corporation’s final rule implementing special assessments for the resolutions of Silicon...

Nov 17, 2023
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Article
Deposit Insurance

Global group finalizes crypto policy recommendations

The International Organization of Securities Commissions finalized its recommended policies to govern digital assets markets.

Nov 17, 2023
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Article
Digital Assets

ICBA issues comprehensive CRA summary, reschedules briefing

ICBA released a comprehensive summary of the recently released interagency final rule to reform Community Reinvestment Act regulations.

Nov 17, 2023
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Article
Community Reinvestment Act (CRA)