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IRS Reporting Grassroots Campaign Evolves with Congressional Debate
ICBA’s campaign against Washington’s IRS reporting proposal helped consumers speak out against the plan. As the debate evolves, the campaign now demands that community bankers increase their outreach.
Cybersecurity Experts offer Tips to Help Community Banks Shore up Defenses
A recent 21st Century from the Conference of State Bank Supervisors report indicates that more than 80% of bankers ranked cybersecurity risk as “very important,” which was more than double the rate...
Community Bank Cybersecurity Mitigation Checklist
Between March and June of last year banks experienced a 520% increase in phishing and ransomware attempts. Though these trends were exacerbated by COVID, cybersecurity has been a top concern for...
The Challenges and Risks of Smart Contracts
Smart contracts — blockchain-based programs that operate when predetermined conditions are met — offer potential use cases as well as risks for community banks evaluating their payments...
2021: The Year of Community Bank Innovation—with More to Come
In the innovation world, 2021 may go down in history as the year of community bank innovation. Despite the ongoing COVID-19 pandemic and associated challenges thrown in our path, community banks...
Trust in Code? Smart Contracts, DeFi, and Use Cases for Community Banking
Smart contracts — computer programs that automatically execute specific actions — are becoming increasingly relevant to community banks. Here’s a breakdown of smart contracts and how...
Three Principles to Drive Community Bank Innovation
For $200 million-asset First Community Bank and Trust in Beecher, Ill., having an innovation mindset means being open to explore new ways to solve for business challenges and opportunities.
Reconciliation Update: IRS Reporting, Tax Hikes, and Needed Grassroots
Community bankers are witnessing the fruits of their labor in ICBA’s months-long campaign opposing the onerous IRS bank reporting proposal. However, the grassroots push must continue.