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ICBA backs bipartisan bill to update small-issue bond programs
ICBA expressed support for bipartisan legislation in the House and Senate to reform small-issue bond programs that support first-time farmers and manufacturing.
Bowman: Credit union acquisitions show need for rethinking merger standards
Credit union acquisitions of community banks support the case for including credit unions and other nonbanks in regulatory policies on proposed bank mergers, Federal Reserve Governor Michelle...
Sheltered Harbor offers three pillars for cyber resiliency: blog
With Cybersecurity Awareness Month underway, a new ICBA blog post spotlights how the Sheltered Harbor initiative supports community bank cyber resilience.
ICBA-CISA exercise returns this fall
ICBA and the Cybersecurity and Infrastructure Security Agency are scheduled to host another tabletop exercise to support community bank cybersecurity this fall.
ICBA offers teller specialist program for the team
The ICBA Teller Specialist Certificate Program equips community bank tellers with the knowledge and tools needed to meet the demanding requirements of the frontline banking environment.
ICBA Provides Consumer Tips to Safeguard Financial Data During Cybersecurity Awareness Month
In recognition of Cybersecurity Awareness Month in October, ICBA and the nation’s community banks are offering tips to consumers on practical measures they can take to protect their sensitive data...
Gruenberg: Interest in reforming deposit insurance has dissipated
There does not seem to be any imminent likelihood of changes to U.S. deposit insurance coverage, FDIC Chairman Martin Gruenberg said.
OCC issues 2024 supervision plan
The OCC released its bank supervision operating plan for fiscal 2024, which the agency’s staff uses to guide supervisory priorities, planning, and resource allocations.
Central bank group says CBDC experiment successful
The Bank for International Settlements said an experiment showed that wholesale central bank digital currencies can be used to facilitate cross-border trading and settlement between financial...
FinCEN proposes extending deadline for filing beneficial owner info
The Financial Crimes Enforcement Network issued a proposal to extend the deadline for certain reporting companies to file their initial beneficial ownership information reports.
Independent Banker focuses on all things cybersecurity
The October issue of ICBA Independent Banker magazine features six things community banks need to know about cybersecurity today.
ICBA urging outreach on 1071, credit card legislation
ICBA continues urging community bankers to reach out to their lawmakers on two key initiatives pending in Congress.
New ICBA podcast on how community banks can use AI
The latest episode of ICBA’s “Independent Banker” podcast spotlights what artificial intelligence means for community banks and how they can take advantage of it.
Short-term funding extension averts government shutdown
Congress on Saturday passed a short-term government funding extension, which President Joe Biden signed into law, averting a government shutdown. The agreement keeps the government funded at...
FinCEN issues updated guidance on beneficial ownership reporting
The Financial Crimes Enforcement Network issued additional guidance and resources on pending beneficial ownership information reporting requirements.
FDIC updates consumer compliance exam manual
The FDIC issued an updated version of its Consumer Compliance Examination Manual, which exam staff use for supervisory activities.
FinCEN seeking comment on application for reporting identifier
The Financial Crimes Enforcement Network is seeking additional comment on a proposed application that entities would use to obtain an identifier for reporting beneficial ownership information.
CISA launches cybersecurity public awareness campaign
The Cybersecurity and Infrastructure Security Agency announced the launch of a nationwide cybersecurity public awareness campaign to educate Americans on how to stay safe online.
ICBA opposing congressional efforts to advance rate caps
ICBA and other groups expressed united opposition to a legislative proposal to impose a national cap on the fees and interest charged on consumer loans.
Senate preps for vote on resolution to reverse 1071 rule
With the Senate set to act as soon as this week on a resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA is urging community bankers to urge their senators to...
ICBA Commends Senate Banking Committee for Passing Bipartisan Cannabis-Banking Bill
ICBA today commended the Senate Banking Committee for its passage of the SAFER Banking Act, legislation that would establish a safe harbor from sanctions for financial institutions that serve...
ICBA requests comment extension on overtime proposal
ICBA and other groups asked the Labor Department to extend by 60 days the comment period on its proposal to increase the number of employees who are entitled to overtime compensation.
Key stakeholders join opposition to credit card routing bill
A key member of the House along with major airlines and transportation unions last week announced their opposition to legislation that would impose credit card routing restrictions, which ICBA...
Fed’s Bowman urges community banks to weigh in on agency rulemakings
Federal Reserve Governor Michelle Bowman encouraged community bankers to provide feedback on agency rulemakings.
CFPB outlines proposals to remove medical bills from credit reports
The Consumer Financial Protection Bureau said it is beginning a rulemaking process to remove medical bills from Americans’ credit reports.
Grassroots urgent as Senate prepares to act on 1071 reversal
With the Senate set to act as soon as this week on a resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA is urging community bankers to urge their senators to...
SBA Advocacy roundtables on new overtime proposal
The Small Business Administration’s Office of Advocacy this week is hosting roundtable discussions on the Labor Department’s proposal to increase the number of employees who are entitled to...
ICBA opposing latest effort to advance credit card routing bill
ICBA continues calling on community bankers to urge their senators to oppose legislation that would impose credit card routing restrictions amid renewed efforts to attach it to government funding...
Consumer groups press CFPB for arbitration crackdown
Several consumer groups recently petitioned the Consumer Financial Protection Bureau for a rulemaking on pre-dispute arbitration.
FDIC’s Hill cites credit unions in discussion of bank merger review
If the FDIC reopens its policies on bank mergers, it should consider competition from credit unions and other nonbank institutions that perform bank-like functions, FDIC Vice Chairman Travis Hill...
Another court rules against CFPB’s 1071 rule
Another federal district court has ruled that the Consumer Financial Protection Bureau may not enforce its Section 1071 small-business rule until the Supreme Court rules on the constitutionality of...
ICBA ThinkTECH Solutions Forum Spotlights Faster Payments Offerings for Community Banks
ICBA hosted its first ThinkTECH Solutions Forum yesterday. This forum, which was designed to foster industry collaboration in support of community bank adoption of faster payments, is the first of...
Financial Services Industry Opposes Effort by Senators Durbin & Marshall to Force Credit Card Routing Mandates into Military Construction, Veterans Affairs Funding Bill
Today, 11 trade associations representing virtually all banks and credit unions released a joint statement opposing the effort by Sen. Dick Durbin (D-IL) and Roger Marshall (R-KS) to attach credit...
CFPB updates FAQs on 1071 rule
The Consumer Financial Protection Bureau updated its frequently asked questions on its Section 1071 small-business rule.
Innovation and relationship banking define community bank value proposition: ICBA leaders
Data show that consumers and small businesses value the symbiotic relationship between innovation and relationship banking that community banks offer, ICBA community bankers wrote in a new LinkedIn...
ICBA Commends House Committee Passage of Bill Barring Creation of U.S. Central Bank Digital Currency
The Independent Community Bankers of America (ICBA) today commended the House Financial Services Committee for passing ICBA-advocated legislation to restrict the ability of the federal government...
CFPB issues guidance on credit denials by lenders using AI
The Consumer Financial Protection Bureau issued guidance about certain legal requirements that lenders must adhere to when using artificial intelligence and other complex models.
ICBA ThinkTECH Accelerator Alum Chimney Wins “Best of Show” Honors at FinovateFall 2023
The Independent Community Bankers of America (ICBA) celebrates this year’s FinovateFall 2023 Best of Show winner, Chimney, a member of the 2022 ICBA ThinkTECH Accelerator cohort.
ICBA, groups oppose effort to slip credit card bill into military funding package
ICBA and other groups expressed united opposition to efforts by Sens. Roger Marshall (R-Kan.) and Richard Durbin (D-Ill.) to attach their ICBA-opposed credit card routing bill to a must-pass...
Senate panel to mark up cannabis banking bill this month
The Senate Banking Committee said it would meet Sept. 27 to consider ICBA-advocated legislation to establish a safe harbor from federal sanctions for financial institutions that serve...
ICBA urges CBDC opposition at House hearing
ICBA reiterated to Congress its opposition to the creation of a U.S. central bank digital currency.
Romero Rainey: ICBA campaigns targeting credit union policies
With credit union executives in Washington this week for advocacy meetings, ICBA launched several campaigns to raise questions about credit union policies among lawmakers, ICBA President and CEO...
Senator renews push to advance ICBA-opposed credit card routing bill
ICBA is calling on community bankers to voice strong opposition to renewed efforts by Sen. Roger Marshall (R-Kan.) to force Senate consideration of legislation to advance credit card routing...
ICBA grassroots campaigns continue with Congress back in Washington
With Congress back in Washington following the August recess, ICBA continues its grassroots campaigns on key advocacy issues.
SEC’s Gensler to Congress: Securities laws apply to crypto industry
Securities and Exchange Commission Chair Gary Gensler told Congress that most crypto tokens and intermediaries are subject to U.S. securities laws despite the industry’s “wide-ranging noncompliance.”
Judge vacates ICBA-opposed CFPB exam manual update
A federal judge vacated last year’s ICBA-opposed Consumer Financial Protection Bureau actions expanding the bureau’s authority to examine banks for discrimination.
FHFA plans stakeholder forums on new credit score models
The Federal Housing Finance Agency said it will hold stakeholder forums and listening sessions in the coming weeks on its plans to transition Fannie Mae and Freddie Mac to new credit score models.
ICBA Statement on Swearing-in of Federal Reserve Board Members
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s swearing-in of members of the Federal Reserve Board.
FS-ISAC spotlights MinIO threat targeting corporate networks
The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary covers an unknown threat actor exploiting vulnerabilities in the MinIO Object Storage system to remotely...
Rakuten credit union application confirmed following ICBA outreach
The National Credit Union Administration reportedly confirmed that Rakuten Inc. has applied for a federal credit union charter after ICBA asked the agency for confirmation.
Barr: Fed program on novel activities will continue to grow
The Federal Reserve’s new program to supervise novel, technology-driven activities in the banks it oversees will continue to grow as new technologies emerge, Fed Vice Chair for Supervision Michael...
ICBA rejects Kevin O’Leary’s inaccurate message on bank lending
ICBA President and CEO Rebeca Romero Rainey pushed back against erroneous claims from television personality Kevin O'Leary that banks are not lending to small businesses in the current economic...
ICBA community bankers discuss navigating challenges in new video
ICBA leadership community bankers discussed the vital role of community banks in a video discussion with the Travillian executive search and talent advisory firm.
Chopra: CFPB’s 1033 proposal coming next month
The Consumer Financial Protection Bureau next month will propose standards for sharing consumer financial data, CFPB Director Rohit Chopra said.
Community bank net income rises 3.4% in Q2
Community banks reported a 3.4% second-quarter increase in net income from the previous quarter and a 0.7% increase from the same period a year ago, according to the FDIC’s latest Quarterly Banking...
FDIC launching new site for consumer compliance, CRA exam activities
The FDIC said it will launch a new Banker Engagement Site through FDICconnect this month for examination-related activities.
ICBA conducting Marketing and Communications Toolkit survey
ICBA is conducting a survey to learn how member community bankers use its "Tell Your Story" Marketing and Communications Toolkit to help elevate and distinguish community banking in the hearts and...
ICBA Honors 2023 National Community Bank Service Award Recipients
ICBA today announced the winners of its 2023 National Community Bank Service Awards in recognition of the creative and exemplary efforts of the nation’s community banks to help their local...
ICBA Seeks Information from Federal Credit Union Agency on Rakuten Charter Application
ICBA today asked the National Credit Union Administration to provide information on whether Rakuten Inc. has applied for a federal credit union charter or for insurance under the agency’s Share...
New tool ensures advertising regulatory compliance
The Check Your Ad Program, a new tool from Community Banker University, takes the guesswork out of advertising regulatory compliance.