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ICBA Announces Cohort for Fifth ICBA ThinkTECH Accelerator
The Independent Community Bankers of America (ICBA) announced the selection of six companies for the fifth ICBA ThinkTECH Accelerator program, which kicks off April 24, 2023, in Atlanta.
ICBA strongly opposes opening 7(a) SBA program to fintechs
ICBA expressed strong opposition to a Small Business Administration final rule that undermines its 7(a) loan program.
Agencies issue updated HMDA guide
The Federal Financial Institutions Examination Council issued the 2023 edition of “A Guide to HMDA Reporting: Getting It Right!” for HMDA-related data collection and reporting.
FDIC signage and advertising requirements proposal
ICBA wrote in support of a new FDIC proposal to update signage requirements across all banking channels to clearly distinguish insured deposits from noninsured deposits and combat misleading...
Grassroots push on 1071 rule continues
ICBA continues calling on community bankers to urge their members of Congress to support a House resolution to nullify the Consumer Financial Protection Bureau’s Section 1071 rule.
FHFA proposes rule to codify fair lending requirements
The Federal Housing Finance Agency requested comment on a proposed rule that would formalize many of the agency’s existing practices and programs regarding fair housing and fair lending oversight...
FDIC: Failures won’t have material impact on DIF restoration
The FDIC said it does not expect losses from recent bank failures to materially affect the restoration of the Deposit Insurance Fund, and policymakers continued to signal support for a risk-based...
CFPB issues additional 1071 sample form formats
The Consumer Financial Protection Bureau issued additional file formats for its Section 1071 small-business data-collection sample form.
ICBA to FDIC: Exempt community banks from special assessment
ICBA urged the FDIC to exempt community banks from any special assessment to recover Deposit Insurance Fund losses caused by the failures of Silicon Valley Bank and Signature Bank of New York.
CFPB revises average prime offer rate methodology
The Consumer Financial Protection Bureau announced a revised version of its methodology for determining average prime offer rates.
ICBA Strongly Opposes SBA Rule Opening 7(a) Program to Unregulated Fintechs
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Small Business Administration final rule on its 7(a) program.
ICBA to FDIC: Exempt Community Banks from Special Assessment
ICBA today called on the Federal Deposit Insurance Corporation to completely exempt community banks from any special assessment to recover Deposit Insurance Fund losses caused by the failures of...
ICBA releases 1071 rule summary ahead of briefing
ICBA published a summary of the Consumer Financial Protection Bureau’s recently released Section 1071 final rule ahead of tomorrow’s ICBA briefing on the rule.
Latest ICBA podcast on winning the talent war
The latest episode of ICBA’s “Independent Banker” podcast focuses on thinking creatively about recruitment amid the Great Resignation.
CFPB reports on small entities’ calls to restrict impact of 1033 rule
The CFPB this week released its Small Business Regulatory Enforcement Fairness Act report on its pending rulemaking to establish standards for sharing consumer financial data.
ICBA Welcomes KlariVis as Newest Preferred Service Provider
ICBA announced today that KlariVis has been selected as the newest Preferred Service Provider. KlariVis aggregates high-value, actionable bank data into intuitive, interactive dashboards.
FDIC reports effective consumer compliance
The FDIC conducted roughly 1,000 consumer compliance examinations last year and found supervised institutions demonstrated effective management of their consumer compliance responsibilities.
ICBA urging grassroots outreach on farm bill principles
ICBA is calling on community bankers to urge their members of Congress to include six key principles in this year’s farm bill.
CFPB launches 1071 technical support program
The Consumer Financial Protection Bureau launched a technical support program to help financial institutions implement and comply with its newly released Section 1071 final rule.
Community Bank Month Highlights Benefits and Differentiators at Important Time
In recognition of Community Banking Month in April, the Independent Community Bankers of America (ICBA) and the nation’s community banks are reminding consumers of the benefits of banking locally...
FinCEN reports on business email compromise in the real estate sector
The Financial Crimes Enforcement Network issued an issued an analysis on patterns and trends identified in Bank Secrecy Act data relating to business email compromise in the real estate sector in...
Hsu says overdraft practices pose UDAP risks
Acting Comptroller of the Currency Michael Hsu said not all overdraft fees present equal compliance risks and spotlighted “authorize positive, settle negative” and re-presentment fees as...
ICBA Launches National Campaign: Now More Than Ever, Community Banks Are the Best Financial Choice for Consumers
ICBA delivers a powerful and timely message to consumers: Where you choose to bank matters, and community banks are best positioned to serve your financial needs.
CFPB issues guidance on abusive conduct
The Consumer Financial Protection Bureau issued a policy statement statement that explains the legal prohibition on abusive conduct in consumer financial markets and summarizes precedent.
ICBA Hires Sam Mayper as Vice President of Congressional Relations
The Independent Community Bankers of America (ICBA) today announced the hire of Sam Mayper as vice president of congressional relations.
ICBA to CFPB: Failure to Exempt Community Banks in Final 1071 Reporting Rule Raises Significant Privacy Concerns
ICBA President and CEO Rebeca Romero Rainey issued the following statement on the Consumer Financial Protection Bureau’s final rule implementing data collection and reporting requirements for...
ICBA to Congress: CFPB Should Delay 1071 Rule as Supreme Court Considers Constitutionality
ICBA today called on the CFPB to delay the release of its final rule implementing Section 1071 small-business data collection and reporting requirements until the Supreme Court has ruled on the...
ICBA offers custom op-ed distinguishing community banks
ICBA is offering community bankers a new customizable op-ed to help differentiate community banks from larger and riskier financial institutions.
ICBA continues differentiating community banks in media
ICBA continued its media push to differentiate community banks from larger institutions and to ensure any response to recent banking industry developments does not rope in community banks.
ICBA Supports White House Call for Community Bank Exemption from Replenishing Deposit Insurance Fund
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s White House announcement on community banks and the Deposit...
ICBA, State Affiliates Urge CFPB to Improve Mortgage Disclosures
ICBA and 42 affiliated state banking associations today called on the Consumer Financial Protection Bureau to approve a proposed template that would improve mortgage disclosures required under...
CFPB says TILA doesn’t preempt state disclosure laws
The Consumer Financial Protection Bureau said state disclosure laws covering lending to businesses in California, New York, Utah, and Virginia are not preempted by the federal Truth in Lending Act.
FinCEN publishes guidance on beneficial ownership reporting
The Financial Crimes Enforcement Network published its first set of guidance materials to help small businesses understand upcoming beneficial ownership information reporting requirements taking...
Due today: ICBA ThinkTECH Accelerator applications
Today is the application deadline for the initial 2023 ICBA ThinkTECH Accelerator program, which is scheduled to run April 24-June 30.
Court rules for CFPB funding structure ahead of Supreme Court review
A U.S. appeals court ruled that the Consumer Financial Protection Bureau’s funding structure is constitutional as the Supreme Court prepares to consider the question later this year.
ICBA backs bill to enhance regulatory flexibility
ICBA expressed support for legislation to support more flexible agency rules that take account of the size and compliance resources of small businesses.
FS-ISAC warns of cybercrime following SVB failure
The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary warns that community institutions should anticipate that cybercriminals will attempt to capitalize on...
Biden pushes tougher penalties for executives after bank closures
President Joe Biden called on Congress to authorize tougher penalties for senior bank executives whose mismanagement contributed to their institutions failing.
ICBA Denounces Remarks from Treasury Secretary Janet Yellen on Bailouts for Systemically Risky Institutions
ICBA President and CEO Rebeca Romero Rainey issued a statement on today’s testimony from Treasury Secretary Janet Yellen that uninsured deposits will be protected only at depository institutions...
Yellen remarks reflect ICBA calls for policy that doesn’t pick winners and losers
Treasury Secretary Janet Yellen said her department is committed to ensuring the health and competitiveness of the community banking system, reflecting ICBA’s calls for policymakers to ensure...
CFPB expands survey of credit card issuers
The Consumer Financial Protection Bureau announced an updated survey of credit card issuers designed to help consumers and families compare interest rates and other features when shopping for a new...
CFPB updates rules with agency contact info
The Consumer Financial Protection Bureau issued a final rule to make non-substantive corrections and updates to federal agency contact information in Regulations B, E, F, J, V, X, Z, and DD.
Romero Rainey: ICBA fighting for community banks
ICBA continues to distinguish community banks from larger and riskier financial institutions among policymakers and the media in the wake of recent large bank failures, ICBA President and CEO...
FDIC announces Signature Bank buyer
The FDIC announced a purchase-and-assumption agreement with Flagstar Bank of Hicksville, N.Y., for substantially all deposits and certain loan portfolios of Signature Bridge Bank.
Georgia Banker Elected ICBA Chairman
Derek B. Williams, president and CEO of Century Bank & Trust in Milledgeville, Ga., was elected chairman of the Independent Community Bankers of America for 2023-24. His term begins March 16 at the...
ICBA Announces 2023-24 Executive Committee
The Independent Community Bankers of America® (ICBA) today announced the election of its 2023-24 Executive Committee during the 2023 ICBA LIVE national convention in Honolulu.
NCUA considering ICBA-opposed subordinated debt today
With the National Credit Union Administration meeting today on a rule to relax restrictions on issuing subordinated debt, a former NCUA official raised concerns in a recent blog post.
FedNow Service will launch in July
The Federal Reserve is scheduled to launch its FedNow Service in July, Fed officials announced at ICBA LIVE 2023 in Hawaii.
Incoming ICBA Chairman Derek Williams: Community Banking Light Continues to Burn Bright
Incoming Independent Community Bankers of America Chairman Derek Williams urged community banks attending ICBA LIVE to fuel a legacy of compassion, courage and commitment that attracts and inspires...
ICBA’s Romero Rainey: Community Bank-Focused Advocacy, Innovation, Education Will Light the Way
During her keynote speech at ICBA LIVE, ICBA President and CEO Rebeca Romero Rainey today told community bankers that ICBA’s advocacy, education and innovative efforts are driven by community...
ICBA: Silicon Valley Bank and the Nation’s Largest Banks Are Not Community Banks
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued this response following a joint statement released from the Treasury Department, FDIC, and Federal...
ICBA voicing community bank resiliency amid banking industry developments
Amid a series of developments following the closure of Silicon Valley Bank on Friday, ICBA said it is ensuring the community banking voice is being heard while it reminded consumers they can bank...
ICBA, groups urge Congress to oppose proposed tax hikes
ICBA and other groups called on Congress to oppose the more than $4 trillion in proposed tax increases targeting Main Street businesses in the Biden administration’s new fiscal 2024 budget.
ICBA Commends Federal Reserve for Reviewing Silicon Valley Bank Oversight
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s announcement from the Federal Reserve.
ICBA LIVE Kicks Off Today: “Light the Fire. Light the Way” Illuminates the Path Forward for Community Banks
Starting today, community bankers and industry leaders from across the country will gather for the 2023 Independent Community Bankers of America (ICBA) national convention, ICBA LIVE, at Hilton...
House committee starts flood insurance reauthorization process
The House Financial Services Committee kicked off its efforts to reauthorize the National Flood Insurance Program before it expires Sept. 30.
Latest ICBA podcast spotlights cybersecurity collaboration
The latest episode of ICBA’s “Independent Banker” podcast spotlights cybersecurity collaborations and how to turn vendor relationships into true partnerships to maximize value.
ICBA’s Balcer discusses Durbin Amendment expansion on podcast
ICBA chief of government relations and public policy Anne Balcer appeared on the “Coffee with Closers” podcast to discuss top community bank advocacy priorities, including opposing efforts to apply...
FDIC issues guidance on Fair Hiring in Banking Act
The FDIC released a Financial Institution Letter on amendments to Section 19 of the Federal Deposit Insurance Act under the Fair Hiring in Banking Act.
CFPB seeking input on impact of mortgage loan originator rules
The Consumer Financial Protection Bureau requested feedback on the economic impact of its mortgage loan originator rules on small mortgage companies.