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FinCEN: Banks should remain vigilant to elder financial exploitation
In recognition of World Elder Abuse Awareness Day, the FinCEN reminded financial institutions to remain vigilant in identifying and reporting suspicious activity related to elder financial...
Community Bank Briefing for Q2
Join ICBA experts for a quarterly update on industry news and highlights on Thursday, June 27, at 2 p.m. (Eastern time). Register here.
CFPB director says a level playing field is needed in CRA modernization
Consumer Financial Protection Bureau Director Rohit Chopra provided his semi-annual report to the House Financial Services Committee. Highlights:
Survey: Almost all central banks are researching CBDC
Nearly all central banks are researching whether to issue a central bank digital currency, according to a Bank for International Settlements survey.
Biden taps Goldsmith Romero to lead FDIC
President Joe Biden announced his intent to nominate Christy Goldsmith Romero as chair of the Federal Deposit Insurance Corporation.
ICBA CRA Solutions offers tips to help prevent elder financial abuse
ICBA and ICBA CRA Solutions released tips for preventing elder financial abuse in recognition of World Elder Abuse Awareness Day on Saturday, June 15.
Fed holds rates steady, predicts fewer cuts in 2024
The Federal Open Market Committee voted to hold target interest rates steady, due to an uncertain economic outlook and inflation risks.
ICBA CRA Solutions Offers Tips to Help Prevent Elder Financial Abuse
The Independent Community Bankers of America (ICBA) and its subsidiary, ICBA CRA Solutions, are providing tips for preventing elder financial abuse in recognition of World Elder Abuse Awareness Day...
CFPB proposes to ban medical bills from credit reports
The Consumer Financial Protection Bureau proposed a rule that would remove medical bills from most credit reports.
Chopra lays out CFPB priorities before Congress
Consumer Financial Protection Bureau Director Rohit Chopra described the CFPB’s focus on financial data, medical debt, and credit cards during his semi-annual report to the Senate Banking Committee.
Boozman releases Senate GOP farm bill framework
Senate Agriculture Committee Ranking Member John Boozman (R-Ark.) released the Senate Republican framework for the next farm bill.
ICBA study: Small-business owners satisfied with community banks, but regulations threaten lending
ICBA released findings from a study showing that while small-business owners prefer community banks, increasingly burdensome and complex regulations threaten to restrict small-business lending.
Virtual seminar on analyzing financial statements tomorrow
ICBA is hosting a virtual seminar on financial statements starting at 10 a.m. (Eastern time) tomorrow.
Podcast: Banking Transformed
A new episode of the Banking Transformed podcast from ICBA Preferred Service Provider MeridianLink shares actionable insights to boost bank' growth, efficiency, and customer experience.
ICBA Study: While 95% of Small-Business Owners Are Satisfied with Community Banks, Regulations Threaten Lending
As community banks and small businesses face increasingly burdensome and complex federal regulations, the Independent Community Bankers of America today released findings from a new study on how...
ICBA requests comment extension on Fedwire schedule change
ICBA requested a 90-day extension to the Federal Reserve Board’s request for comment on expanding Fedwire Funds Service and National Settlement Services operating hours.
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.
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...
CFPB launches review of mortgage closing fees
The Consumer Financial Protection Bureau launched a public inquiry into what is driving an increase in mortgage closing costs.
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.
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.
CFPB: Reg E wire transfer exemption doesn’t apply to online transactions
The Consumer Financial Protection Bureau argued in a court filing that online-initiated wire transfers are subject to the Electronic Fund Transfer Act and Regulation E, even though the law exempts...
FDIC, CFPB hearings this week
A look at some of the hearings taking place this week that are relevant to community bankers.
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...
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.
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.
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...
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...
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.
Treasury issues risk assessment on NFTs
The Treasury Department published its first risk assessment on non-fungible tokens.
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...
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.
CFPB plans to extend 1071 compliance deadline following court ruling
The Consumer Financial Protection Bureau said it plans to extend the compliance deadline on its 1071 small-business data collection and reporting rule following a Supreme Court ruling that ended a...
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.
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....
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.
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....
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.
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.
With farm bill markup tomorrow, ICBA urging grassroots outreach
ICBA is urging community bankers to call and write their members of Congress ahead of tomorrow’s House Agriculture Committee farm bill markup.