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ICBA offers plan for modernizing BSA rules
ICBA laid out its plan for the Financial Crimes Enforcement Network to modernize its outdated Bank Secrecy Act framework to alleviate compliance burdens while producing more useful information for...
Cybersecurity exercises start tomorrow
Cybersecurity exercises start tomorrow ICBA and the Cybersecurity and Infrastructure Security Agency are hosting a tabletop exercise on several dates starting tomorrow to support community bank...
CFPB: Banks already changing overdraft policies
The Consumer Financial Protection Bureau said there has been a “notable trend” of banks changing overdraft programs as the bureau begins targeting overdraft and non-sufficient fund fees. Recent...
ICBA, CISA cybersecurity exercises start next week
ICBA, CISA cybersecurity exercises start next week ICBA and the Cybersecurity and Infrastructure Security Agency are hosting a tabletop exercise on several dates starting next week to support...
House meeting next week on MDIs, CDFIs
The House Financial Services Committee is scheduled to meet next week for a hearing on federal support for minority depository institutions and community depository financial institutions. Senate...
PPP borrowers may request reviews of partial forgiveness decisions
PPP borrowers may request reviews of partial forgiveness decisions Paycheck Protection Program borrowers may request an SBA loan review of partial forgiveness decisions issued by their PPP lenders,...
ICBA urges Senate to retain House-passed cannabis bill
ICBA called on the Senate to advance a House-passed amendment to establish a cannabis banking safe harbor, which community bankers can advocate in custom messages to senators. House Vote: The House...
House again passes cannabis banking safe harbor
The House passed legislation with an ICBA-advocated amendment to establish a cannabis banking safe harbor, which community bankers can call on the Senate to pass.
ICBA set for 2022 Capital Summit
Registration is open for the 2022 ICBA Capital Summit, the industry’s premier advocacy event scheduled for May 1-4 in Washington, D.C.
New ICBA podcast covers finding, keeping talent
2022-01-28 New ICBA podcast covers finding, keeping talent The latest episode of ICBA’s Communities of Innovation podcast focuses on recruiting and retaining top bank talent in today’s competitive...
As House panel meets, ICBA urges coordinated crypto approach
As House panel meets, ICBA urges coordinated crypto approach Policymakers should take a comprehensive, coordinated regulatory approach to stablecoins and other digital assets, ICBA told the House...
ICBA to FinCEN: Drop beneficial owner reporting mandate
2022-02-09 ICBA to FinCEN: Drop beneficial owner reporting mandate With the Financial Crimes Enforcement Network now required to collect beneficial ownership information directly from reporting...
Taxpayer group continues push for credit union transparency
Taxpayer group continues push for credit union transparency The National Taxpayers Union encouraged key congressional committees to consider whether credit unions should continue to be exempt from...
ICBA Urges Senate to Retain House-Passed SAFE Banking Act in Conference
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the House’s latest passage of legislation to establish a cannabis banking...
ICBA Capital Summit set for May 1-4
ICBA Capital Summit set for May 1-4 Registration is open for the 2022 ICBA Capital Summit, the industry’s premier advocacy event scheduled for May 1-4 in Washington, D.C. Details: This year’s...
Cannabis banking amendment added to COMPETES Act
2022-02-04 Cannabis banking amendment added to COMPETES Act The House included an ICBA-advocated bill establishing a cannabis banking safe harbor as an amendment to a pending legislative package....
Regulators to Share Views on Community Bank Innovation at ICBA ThinkTECH Accelerator Event
The Independent Community Bankers of America (ICBA), in partnership with The Venture Center, will host a one-day virtual summit for policymakers and the 2022 ICBA ThinkTECH Accelerator fintech...
ICBA, CISA cybersecurity exercises start this month
2022-02-03 ICBA, CISA cybersecurity exercises start this month ICBA and the Cybersecurity and Infrastructure Security Agency are hosting a tabletop exercise on several dates starting this month to...
Senate hearing today on Fed nominees
Senate hearing today on Fed nominees The Senate Banking Committee is scheduled to meet at 8:45 a.m. (Eastern time) today, Feb. 3, for a hearing on President Joe Biden’s three nominations to fill...
FDIC expands #GetBanked campaign
The FDIC announced it will expand its #GetBanked public awareness campaign into the Los Angeles, Dallas, and Detroit metro areas after launching it last year in Atlanta and Houston. Background: The...
Postal commission indicates banking pilot violated law
Postal commission indicates banking pilot violated law The Postal Regulatory Commission is pressing the U.S. Postal Service on why it didn’t seek the commission’s approval before launching an...
ICBA, groups to Fed: Reconsider interchange proposal
ICBA and other groups called on the Federal Reserve Board to reconsider its proposal to reopen regulations governing debit card interchange fees and routing. Letter: In a joint letter, the trade...
Credit union debt offering bolsters oversight push
Credit union debt offering bolsters oversight push A new rule that allows private institutional investors to exploit credit union tax subsidies is yet another reason for Congress to investigate...
Credit union debt offering bolsters need for oversight: op-ed
A new rule that allows private institutional investors to exploit credit union tax subsidies is yet another reason for Congress to investigate credit union policies, ICBA President and CEO Rebeca...
FS-ISAC spotlights threats to smaller institutions
FS-ISAC spotlights threats to smaller institutions The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary report focuses on growing cybersecurity risks to small...
ThinkTECH Accelerator cohort increasingly competitive: blog
The ICBA ThinkTECH Accelerator cohort continues to demonstrate an increasing understanding of community banking and their challenges and opportunities, ICBA’s Charles Potts writes in a new blog...
Feds revamp Child Tax Credit website
Feds revamp Child Tax Credit website The federal government relaunched a revamped website—ChildTaxCredit.gov—to help taxpayers file their taxes and access the remainder or the full amount of the...
ICBA Reviewing Fed Discussion Paper on U.S. Central Bank Digital Currency
Washington, D.C. (Jan. 21, 2022) — Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Federal Reserve Board’s new...
CFPB to examine colleges’ in-house lending practices
The Consumer Financial Protection Bureau said it will begin examining the operations of post-secondary schools, such as for-profit colleges, that extend private loans directly to students.
Fed issues expected FedNow pricing approach
The Federal Reserve released its anticipated pricing approach for its FedNow instant payments service ahead of next year’s launch. Pricing: The Fed said it expects the FedNow Service fee schedule...
Joint Trades Statement on CFPB Request for Information on Fees
Joint Trades Statement on CFPB Request for Information on Fees Washington, D.C. (Jan. 26, 2022) — The following statement was issued by the American Bankers Association, Bank Policy Institute,...
ICBA-CISA launching series of cybersecurity exercises
ICBA-CISA launching series of cybersecurity exercises ICBA and the Cybersecurity and Infrastructure Security Agency are hosting a first-of-its-kind series of exercises in February and May to...
FinCEN proposes SAR-sharing pilot program
2022-01-25 FinCEN proposes SAR-sharing pilot program The Financial Crimes Enforcement Network proposed establishing a limited-duration pilot program for sharing suspicious activity reports, in...
Fed issues long-awaited CBDC discussion paper
Fed issues long-awaited CBDC discussion paper The Federal Reserve Board released a long-awaited discussion paper that examines the pros and cons of a potential U.S. central bank digital currency,...
ACH Network volume rises 6.1% in Q4
2022-01-21 ACH Network volume rises 6.1% in Q4 ACH Network volume increased 6.1% in the fourth quarter of 2021 from a year earlier, Nacha reported. Details: There were 7.5 billion ACH payments...
CFPB study: Depositories lead on supplier diversity
CFPB study: Depositories lead on supplier diversity A Consumer Financial Protection Bureau study on diversity and inclusion in the financial services sector found depository lenders had the...
Community Banks to Gather in San Antonio for ICBA LIVE 2022
Register today for the Independent Community Bankers of America’s national convention, ICBA LIVE 2022 — the largest, most comprehensive educational event for the nation’s community bankers.
ICBA Announces Nominations for 2022-23 Board of Directors
ICBA today announced the nominees to serve on its 2022-23 board of directors. ICBA’s current board will vote on the nominations during ICBA LIVE 2022 which is scheduled for Feb. 27-March 3, 2022,...
CFPB announces settlement on consumer task force
2022-01-18 CFPB announces settlement on consumer task force The Consumer Financial Protection Bureau settled a lawsuit alleging that its Taskforce on Federal Consumer Financial Law did not comply...
OCC’s Hsu: Crypto regulation would support innovation
Acting Comptroller of the Currency Michael Hsu warned that stablecoins are at risk of experiencing the equivalent of a bank run and called for stricter regulation to promote stability.