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Community bank net income rises 10%: FDIC
Community bank net income rises 10%: FDIC Community bank net income increased 10 percent in the third quarter from the same time last year, according to the FDIC's Quarterly Banking Profile....
OCC reduces assessments for 2021
OCC reduces assessments for 2021 The OCC said it is reducing rates in all fee schedules by 3 percent for the 2021 calendar year. The reduced assessments go into effect Jan. 1. The OCC said it is...
CFPB issues final policy on advisory opinions
CFPB issues final policy on advisory opinions The Consumer Financial Protection Bureau issued its final policy on advisory opinions, which are designed to provide guidance to entities on...
Agencies encourage end of LIBOR-based contracts
Agencies encourage end of LIBOR-based contracts Federal regulators issued a joint statement encouraging banks to cease entering into new contracts that use U.S. dollar LIBOR as a reference rate as...
ICBA Statement on Janet Yellen's Treasury Secretary Nomination
ICBA Statement on Janet Yellen's Treasury Secretary Nomination Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued a statement on Janet Yellen's nomination for...
Lincoln Savings Bank Among Top SBA Lenders in Iowa for FY 2020
Lincoln Savings Bank Among Top SBA Lenders in Iowa for FY 2020 Lincoln Savings Bank (LSB) is one of the top SBA lenders in the state of Iowa for fiscal year 2020, and a recipient of three SBA “Top...
FBI: cyber criminals targeting web-based email
FBI: cyber criminals targeting web-based email The FBI recently issued a Private Industry Notification warning that cyber criminals are taking advantage of the work-from-home environment to exploit...
ICBA: No disparate impact liability under ECOA
ICBA: No disparate impact liability under ECOA ICBA told the Consumer Financial Protection Bureau that "disparate impact" liability is not legally cognizable under the Equal Credit Opportunity Act....
Yellen nominated for Treasury secretary
Yellen nominated for Treasury secretary ICBA congratulated Janet Yellen on her nomination to serve as the next Treasury secretary. In a statement, ICBA President and CEO Rebeca Romero Rainey said...
Visa Global Economic Insights (Nov. 2020)
Visa Global Economic Insights (Nov. 2020) This month’s report includes details on: how advanced economies have recovered faster from the economic downturn; three distinct ways in which consumers...
Visa U.S. Small Business Outlook (Fall 2020)
Visa U.S. Small Business Outlook (Fall 2020) Wayne Best, Chief Economist at Visa, shares that “small businesses are far less likely to be delinquent on their credit cards. See full report for...
ICBA’s Independent Banker Reveals 2020 Best Community Banks to Work For
ICBA’s Independent Banker Reveals 2020 Best Community Banks to Work For Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America, today...
SBA issues instructions on "loan necessity" questionnaires
SBA issues instructions on "loan necessity" questionnaires The SBA issued to lenders a letter and instructions on the agency's "loan necessity" questionnaire for Paycheck Protection Program loans...
Register Today for the Virtual ICBA ThinkTECH Policy Summit
Register Today for the Virtual ICBA ThinkTECH Policy Summit ICBA is hosting a virtual ICBA ThinkTECH Policy Summit to bring the nation’s community banks together with key stakeholders to discuss...
ICBA calling for lame-duck grassroots
ICBA calling for lame-duck grassroots ICBA is calling on community bankers to urge Congress to pass much-needed economic stimulus measures during the lame-duck session. ICBA is calling on community...
ICBA guide details EIDL lien requirements
ICBA guide details EIDL lien requirements ICBA is reminding community bankers about the procedures for renewing or refinancing a line of credit for a borrower with an Economic Injury Disaster Loan....
ICBA pushes back on PPP 'loan necessity' questionnaire
ICBA pushes back on PPP 'loan necessity' questionnaire ICBA has raised questions about an SBA "loan necessity" questionnaire for Paycheck Protection Program loans of $2 million or more that appears...
OCC issues proposal on CRA general performance standards
OCC issues proposal on CRA general performance standards The OCC issued a proposed rule on Community Reinvestment Act general performance standards with a 60-day comment period. The OCC issued a...
FHFA raises conforming loan limits for 2021
FHFA raises conforming loan limits for 2021 The Federal Housing Finance Agency increased the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2021. The Federal...
Bills would address EIDL-PPP conflict
Bills would address EIDL-PPP conflict ICBA recently expressed strong support for House and Senate legislation that would restore forgiveness for Economic Injury Disaster Loan Advance recipients who...
CFPB updates HMDA filing guide
CFPB updates HMDA filing guide The Consumer Financial Protection Bureau released an update to its Filing Instructions Guide for HMDA data collected in 2021 and reported in 2022. The Consumer...
OCC updates rule on activities and operations
OCC updates rule on activities and operations The OCC issued a final rule designed to update or eliminate outdated regulatory requirements. The OCC issued a final rule designed to update or...
Shelton nomination doesn't advance as Brooks gets OCC nod
Shelton nomination doesn't advance as Brooks gets OCC nod Judy Shelton's Federal Reserve Board nomination failed to advance in the Senate as supportive Republican Sens. Charles Grassley (Iowa) and...
ICBA guide details EIDL lien requirements
ICBA guide details EIDL lien requirements ICBA is reminding community bankers about the procedures for renewing or refinancing a line of credit for a borrower with an Economic Injury Disaster Loan....
Post-election briefing recording available
Post-election briefing recording available A recording of ICBA's latest Community Bank Briefing featuring a post-election and regulatory update is available for download. A recording of ICBA's...
ICBA offers new custom grassroots message
ICBA offers new custom grassroots message ICBA this week launched a new customizable grassroots message for community bankers urging Congress to include common-sense policies in any economic...
PPP loan forgiveness tops $38B
PPP loan forgiveness tops $38B The Small Business Administration said it has forgiven 367,321 Paycheck Protection Program loans worth $38.4 billion as of noon Sunday. The Small Business...
Agencies respond to ICBA push on asset thresholds
Agencies respond to ICBA push on asset thresholds Federal regulators announced ICBA-advocated relief from regulatory burdens caused by participating in federal coronavirus response programs....
ICBA calling for lame-duck grassroots
ICBA calling for lame-duck grassroots ICBA is calling on community bankers to urge Congress to pass much-needed economic stimulus measures during the lame-duck session. ICBA is calling on community...
ICBA seeks comment extension on OCC charter applications
ICBA seeks comment extension on OCC charter applications ICBA and other groups asked the OCC to extend the comment period on two national bank charter applications with Dec. 7 deadlines. ICBA and...
ICBA pushes back on PPP 'loan necessity' questionnaire
ICBA pushes back on PPP 'loan necessity' questionnaire ICBA raised questions about an SBA "loan necessity" questionnaire for Paycheck Protection Program loans of $2 million or more that appears to...
FHFA issues 2021 multifamily loan purchase caps
FHFA issues 2021 multifamily loan purchase caps The Federal Housing Finance Agency said the 2021 multifamily loan purchase caps for Fannie Mae and Freddie Mac will be $70 billion for each...
ICBA ThinkTECH Accelerator 2021 registration open
ICBA ThinkTECH Accelerator 2021 registration open Registration is now open for ICBA ThinkTECH Accelerator 2021, ICBA's collaboration with The Venture Center to foster innovative products and...
Advocacy push continues during lame-duck Congress
Advocacy push continues during lame-duck Congress While the 116th Congress winds down in the coming weeks, ICBA's efforts to pass much-needed economic stimulus measures continue unabated, ICBA's...
OCC rule updates licensing requirements
OCC rule updates licensing requirements The OCC released a final rule updating and clarifying licensing policies and procedures. The final rule makes various changes to the OCC’s Rules, Policies,...
CFPB, Colorado AG hosting joint office hours
CFPB, Colorado AG hosting joint office hours The Consumer Financial Protection Bureau and Office of the Colorado Attorney General announced joint office hours focused on financial innovation on...
CFPB issues debt-collection compliance guide
CFPB issues debt-collection compliance guide The Consumer Financial Protection Bureau released a guide on its compliance aids related to its final rule implementing the Fair Debt Collection...
Payment info in credit reports varies by account type: CFPB
Payment info in credit reports varies by account type: CFPB The share of installment-loan credit accounts with payment amount information furnished to credit reporting agencies has trended upward...
CFPB issues resources on housing help
CFPB issues resources on housing help The Consumer Financial Protection Bureau released brochures, videos, and other resources to help consumers seeking mortgage and housing assistance during the...
DOJ sues to block Visa acquisition of Plaid
DOJ sues to block Visa acquisition of Plaid The Justice Department sued Visa to stop its $5.3 billion acquisition of Plaid, a fintech firm. The DOJ said Visa is a monopolist in online debit...