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FHFA eliminates ICBA-opposed GSE fee

FHFA eliminates ICBA-opposed GSE fee ICBA welcomed the Federal Housing Finance Agency’s announcement that it will eliminate an ICBA-opposed fee on refinance loans delivered to the...

Jul 19, 2021
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Article
Federal Home Loan Banks (FHLB) Federal Housing Finance Agency Regulatory Relief

ICBA launches fintech investment fund

ICBA launches fintech investment fund ICBA is forming BankTech Ventures, an investment fund designed to accelerate technology opportunities and adoption at community banks. ICBA is forming BankTech...

Jul 19, 2021
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Article
Fintech Innovation

ICBA: Postal banking designed to fail

ICBA: Postal banking designed to fail Postal banking is a risky venture for which the U.S. Postal Service is ill suited, ICBA told Congress in its latest issue brief. Postal banking is a risky...

Jul 16, 2021
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Article
Government Banks Postal Service Banking

ICBA urges grassroots on rural lending tax relief

ICBA urges grassroots on rural lending tax relief Following the recent Senate introduction of legislation to provide rural lending tax relief, ICBA is calling on community bankers to urge their...

Jul 16, 2021
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Article
Agriculture Rural Development

Child Tax Credit payments start today

Child Tax Credit payments start today The IRS today begins distributing Advance Child Tax Credit payments authorized by the American Rescue Plan. The IRS today begins distributing Advance Child Tax...

Jul 15, 2021
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Article
Taxes & Budget

Independent Banker Ranks Top Loan Performers

Independent Banker Ranks Top Loan Performers This month’s issue of Independent Banker, the award-winning magazine of the Independent Community Bankers of America (ICBA) and the number-one source...

Jul 14, 2021
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Article

ICBA Promotes Mike DeVoll to Assistant Vice President, Marketing Strategy and Execution

ICBA Promotes Mike DeVoll to Assistant Vice President, Marketing Strategy and Execution The Independent Community Bankers of America today announced Mike DeVoll’s promotion to assistant vice...

Jul 16, 2021
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Article

ICBA Welcomes End of FHFA Refinance Fee

ICBA Welcomes End of FHFA Refinance Fee Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on today's Federal Housing Finance Agency...

Jul 16, 2021
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Article
Mortgage Rules

FASB to pursue further CECL improvements

FASB to pursue further CECL improvements The Financial Accounting Standards Board this week agreed to add a project to its technical agenda to investigate the suspension of troubled debt...

Jul 16, 2021
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Article
Current Expected Credit Losses (CECL) Audit

CISA warns of Microsoft Print Spooler vulnerability

CISA warns of Microsoft Print Spooler vulnerability The Cybersecurity and Infrastructure Security Agency issued Emergency Directive 21-04 on mitigating a vulnerability in the Microsoft Windows...

Jul 15, 2021
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Article
Risk Cybersecurity

Agencies propose guidance on third-party relationships

Agencies propose guidance on third-party relationships Federal banking regulators proposed interagency guidance designed to help banks manage risks associated with third-party relationships,...

Jul 14, 2021
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Article
Compliance

Terri Howard Joins TCM Bank as Senior Vice President, People & Culture

Terri Howard Joins TCM Bank as Senior Vice President, People & Culture TCM Bank, N.A., the credit card bank of ICBA Bancard®, which is the payments services subsidiary of the Independent Community...

Jul 12, 2021
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Article

ICBA Minority Bank Advisory Council Opposes IRS Reporting Proposal

ICBA Minority Bank Advisory Council Opposes IRS Reporting Proposal The Independent Community Bankers of America’s (ICBA) Minority Bank Advisory Council today expressed strong opposition to the...

Jul 12, 2021
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Article
Minority Owned Depository Institutions (MDI) Taxes & Budget

ICBA, BPI Urge Federal Reserve to Clarify, Strengthen Guidelines for Fed Account Access

ICBA, BPI Urge Federal Reserve to Clarify, Strengthen Guidelines for Fed Account Access The Independent Community Bankers of America and Bank Policy Institute today called on the Federal Reserve to...

Jul 12, 2021
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Article
Federal Reserve Audit

ICBA minority bank council opposes IRS reporting plan

ICBA minority bank council opposes IRS reporting plan ICBA’s Minority Bank Advisory Council today is expressing strong opposition to the Biden administration’s proposal to require banks to report...

Jul 12, 2021
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Article
Taxes & Budget

White House directs tougher scrutiny of bank mergers

White House directs tougher scrutiny of bank mergers President Joe Biden directed the Justice Department and federal banking regulators to more closely scrutinize bank mergers and make it easier...

Jul 12, 2021
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Article
Commerce & Banking

ICBA Bancard and Finzly Partner to Offer Instant Payments

ICBA Bancard and Finzly Partner to Offer Instant Payments ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America (ICBA), today announced a new partnership...

Jul 09, 2021
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Article

Former NCUA official criticizes credit union bank purchases

Former NCUA official criticizes credit union bank purchases A former National Credit Union Administration official this week raised concerns over credit union acquisitions of community banks. A...

Jul 09, 2021
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Article

Congress pushes back on IRS reporting plan

Congress pushes back on IRS reporting plan House Ways and Means Committee Republicans issued a fact sheet pushing back on the Biden administration’s proposal to require banks to report customer...

Jul 09, 2021
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Article
Taxes & Budget

CFPB launches housing insecurity media toolkit

CFPB launches housing insecurity media toolkit The Consumer Financial Protection Bureau launched a digital media toolkit with resources for renters and mortgage borrowers who continue to struggle...

Jul 09, 2021
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Article
Compliance

Credit union acquisition pressure grows

Credit union acquisition pressure grows Congress is under increasing pressure to investigate credit union acquisitions of community banks, ICBA President and CEO Rebeca Romero Rainey wrote in a...

Jul 06, 2021
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Article
Credit Unions

CFPB releases Spanish-language mortgage disclosures

CFPB releases Spanish-language mortgage disclosures The Consumer Financial Protection Bureau released a Spanish-language translation of certain model clauses available for use in early-intervention...

Jul 06, 2021
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Article
Compliance Compliance Mortgage Rules

FHFA issues fair lending policy statement

FHFA issues fair lending policy statement The Federal Housing Finance Agency issued a policy statement on its commitment to comprehensive fair lending oversight of Fannie Mae, Freddie Mac, and the...

Jul 02, 2021
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Article
Compliance Federal Home Loan Banks (FHLB)

ICBA Proposes Exit Fee on Credit Union Acquisitions of Taxpaying Banks

ICBA Proposes Exit Fee on Credit Union Acquisitions of Taxpaying Banks The Independent Community Bankers of America (ICBA) today urged the Treasury Department to examine abuses of the tax code...

Jul 07, 2021
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Article
Credit Unions

Treasury again extends MDI, CDFI program

Treasury again extends MDI, CDFI program The Treasury Department will again extend the deadline to submit applications under its program to invest $9 billion in Minority Depository Institutions...

Jul 06, 2021
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Article
Minority Owned Depository Institutions (MDI)

Nominations open for Best Community Banks to Work For awards

Nominations open for Best Community Banks to Work For awards ICBA’s Independent Banker magazine opened nominations for its 2021 Best Community Banks to Work For awards. ICBA’s Independent Banker...

Jul 02, 2021
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Article

Fed to launch CECL tool for community banks

Fed to launch CECL tool for community banks The Federal Reserve said it will release a new tool this month to help community banks implement the Current Expected Credit Losses accounting standard....

Jul 02, 2021
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Article
Current Expected Credit Losses (CECL) Audit

FinCEN issues AML/CFT priorities

FinCEN issues AML/CFT priorities The Financial Crimes Enforcement Network issued the first government-wide priorities for anti-money-laundering and counter-financing-terrorism policy. The Financial...

Jul 01, 2021
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Article
Compliance

CFPB reports on 2020 consumer reporting, servicing violations

CFPB reports on 2020 consumer reporting, servicing violations The Consumer Financial Protection Bureau issued a report highlighting legal violations identified by bureau examinations in 2020. The...

Jun 30, 2021
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Article
Compliance

As Credit Union-Bank Acquisitions Accelerate, ICBA Urges Congressional Hearings

As Credit Union-Bank Acquisitions Accelerate, ICBA Urges Congressional Hearings The Independent Community Bankers of America today reinforced its call for Congress to investigate tax-exempt credit...

Jun 18, 2021
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Article
Credit Unions

Ransomware renewing agency crypto response: blog

Ransomware renewing agency crypto response: blog Escalating attacks against critical infrastructure are bringing renewed focus to the role of cryptocurrencies in facilitating criminal activity,...

Jun 18, 2021
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Article
Cybersecurity Digital Assets

ICBA Services Network Announces New Community Banker Board Members

ICBA Services Network Announces New Community Banker Board Members ICBA Services Network, the business services subsidiary of ICBA, today announced the appointments of several high-profile...

Jun 15, 2021
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Article
Advocacy

Georgia Community Banker Named Chairman of ICBA Securities Board of Directors

Georgia Community Banker Named Chairman of ICBA Securities Board of Directors ICBA Securities Inc., the broker-dealer subsidiary of the Independent Community Bankers of America, today announced the...

Jun 11, 2021
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Article

Farm Credit System loan volume jumps 10%

Farm Credit System loan volume jumps 10% The Farm Credit Administration released its quarterly report on the ag economy and the performance of the Farm Credit System, whose growth is largely...

Jun 11, 2021
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Article
Agriculture Farm Credit System (FCS)

ICBA Supports Senate Bill Offering Tax Relief for Rural Lending

ICBA Supports Senate Bill Offering Tax Relief for Rural Lending The Independent Community Bankers of America today expressed its strong support for the Senate introduction of the Enhancing Credit...

Jul 01, 2021
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Article
Agriculture

IRS enables direct deposit updates for Child Tax Credit payments

IRS enables direct deposit updates for Child Tax Credit payments The IRS upgraded an online tool to enable families to update their bank account information so they can receive their monthly Child...

Jul 01, 2021
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Article
Taxes & Budget

Vanessa Hanson Joins ICBA Marketing and Communications Department as Director of Digital and Social Engagement

Vanessa Hanson Joins ICBA Marketing and Communications Department as Director of Digital and Social Engagement The Independent Community Bankers of America (ICBA), announced today the hire of...

Jul 01, 2021
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Article

HUD proposes restoring ‘disparate impact’ rule

HUD proposes restoring ‘disparate impact’ rule The Department of Housing and Urban Development recently proposed rescinding its 2020 rule interpreting the Fair Housing Act’s "disparate impact"...

Jun 30, 2021
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Article
Compliance

Blog: Faster payments have arrived — now what?

Blog: Faster payments have arrived — now what? The pandemic has accelerated the implementation of instant payments and the need for community banks to have a strategy in place, according to the...

Jun 18, 2021
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Article
Payments

HMDA relief reflected in 2020 reporting data

HMDA relief reflected in 2020 reporting data The Federal Financial Institutions Examination Council released 2020 Home Mortgage Disclosure Act data showing the impact of regulatory relief on HMDA...

Jun 18, 2021
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Article
Compliance Mortgage Rules Housing Finance/GSEs