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ICBA seeks updates to Nacha ACH overhaul

ICBA seeks updates to Nacha ACH overhaul ICBA told Nacha that it generally supports a provision in proposed operating rule updates that would employ ACH as a low-cost account-validation method for...

Jul 14, 2020
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Article
Compliance

House committee passes ag appropriations

House committee passes ag appropriations The House Appropriations Committee approved fiscal 2021 agriculture and rural development legislation. The bill allows for a combined $153 billion in...

Jul 13, 2020
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Article
Agriculture

Pandemic Relief Letter for State Sign-On

Pandemic Relief Letter for State Sign-On Community bankers across the country have worked tirelessly to deliver PPP loans quickly and successfully on behalf of thousands of small businesses. PPP...

Jul 16, 2020
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Article
Advocacy Crisis Preparedness

Stimulus grassroots needed ahead of Senate debate

Stimulus grassroots needed ahead of Senate debate With the Senate set to begin debating the next economic stimulus package next week, ICBA is calling on community bankers to use its Be Heard...

Jul 15, 2020
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Article
Advocacy Crisis Preparedness

SEC warns of ransomware attacks

SEC warns of ransomware attacks The Securities and Exchange Commission issued an alert about recent reports that threat actors are targeting financial institution networks to access internal...

Jul 15, 2020
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Article
Cybersecurity

Review process for AML deficiencies paused

Review process for AML deficiencies paused The Financial Crimes Enforcement Network issued an advisory on the Financial Action Task Force’s reissued list of jurisdictions with strategic...

Jul 15, 2020
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Article
Bank Secrecy Act/Anti-Money Laundering Act (BSA/AML)

FSOC to review secondary mortgage market

FSOC to review secondary mortgage market The Financial Stability Oversight Council will launch an activities-based review of the secondary mortgage market, the Federal Housing Finance Agency said....

Jul 15, 2020
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Article
Mortgage Rules

ICBA Bancard Announces New Board of Directors Members

ICBA Bancard Announces New Board of Directors Members ICBA Bancard, the payments subsidiary of the Independent Community Bankers of America, today announced that Gregory Hohl, chairman and...

Jul 14, 2020
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Article

Visa to discontinue Auto Rental Collision Damage Waiver and Warranty Manager

Visa to discontinue Auto Rental Collision Damage Waiver and Warranty Manager Effective January 31, 2021, Visa will discontinue the Auto Rental Collision Damage waiver (ARCDW) and Warranty Manager...

Jul 14, 2020
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Article

First monthly PPP reports due tomorrow: SBA

First monthly PPP reports due tomorrow: SBA Paycheck Protection Program lenders must submit the first monthly PPP 1502 report by tomorrow, July 15, according to a new procedural notice issued...

Jul 14, 2020
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Article
Crisis Preparedness Lending

Stimulus campaign continues amid congressional debate

Stimulus campaign continues amid congressional debate With Congress continuing to debate the next economic stimulus package, community bankers can continue using ICBA's Be Heard grassroots action...

Jul 14, 2020
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Article
Advocacy Crisis Preparedness

ICBA: Commercial firms shouldn't own banks

ICBA: Commercial firms shouldn't own banks ICBA told the FDIC that commercial firms should not own full-service banks or industrial loan companies, even if they are subject to enhanced supervision...

Jul 13, 2020
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Article
Lending

ICBA to FDIC: Commercial Firms Shouldn't Own Banks

ICBA to FDIC: Commercial Firms Shouldn't Own Banks The Independent Community Bankers of America told the Federal Deposit Insurance Corp. that commercial firms should not own full-service banks or...

Jul 10, 2020
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Article

Support grows for ICBA-backed PPP forgiveness bill

Support grows for ICBA-backed PPP forgiveness bill Nearly 140 other organizations joined ICBA in urging Congress to advance legislation that would forgive Paycheck Protection Program loans under...

Jul 10, 2020
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Article

ICBA Independent Banker Ranks Community Bank Top Lenders

ICBA Independent Banker Ranks Community Bank Top Lenders Independent Banker, the award-winning magazine of the Independent Community Bankers of America and the number-one source for community...

Jul 10, 2020
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Article
Lending

ICBA resources follow PPP data release

ICBA resources follow PPP data release ICBA this week released talking points and a sample letter to PPP borrowers about the SBA and Treasury Department release of information about individual...

Jul 09, 2020
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Article
Crisis Preparedness

ICBA to Approps panel: Don't expand Farm Credit

ICBA to Approps panel: Don't expand Farm Credit ICBA urged the House Appropriations Subcommittee on Defense to ensure the fiscal 2021 defense spending bill does not include any expansion of the...

Jul 09, 2020
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Article
Agriculture

ICBA seeking ILC grassroots outreach

ICBA seeking ILC grassroots outreach ICBA continues calling on community bankers to urge their senators to co-sponsor legislation to close the industrial loan company loophole. ICBA continues...

Jul 08, 2020
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Article
Lending

SoFi ditches ILC push for full-service bank charter

SoFi ditches ILC push for full-service bank charter Fintech company SoFi applied for a full-service national bank charter with the OCC after withdrawing its industrial loan company application...

Jul 10, 2020
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Article
Lending

ICBA continues fighting debt plan for largest credit unions

ICBA continues fighting debt plan for largest credit unions ICBA continued pushing back against a National Credit Union Administration proposal that would allow the largest and most complex credit...

Jul 10, 2020
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Article
Credit Unions