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FinCEN issues advisory on Twitter scam
FinCEN issues advisory on Twitter scam The Financial Crimes Enforcement Network issued an advisory on a high-profile scam exploiting Twitter accounts to solicit fraudulent virtual currency...
ICBA, States Offer Stimulus Plan Ahead of Congressional Debate
ICBA, States Offer Stimulus Plan Ahead of Congressional Debate As the leaders in responding to the economic fallout of COVID-19 and responsible for two-thirds of Paycheck Protection Program loans,...
FINBOA Announces New Webinar Series: Process Automation Within Reach
FINBOA Announces New Webinar Series: Process Automation Within Reach Critical Considerations for Automating Reg E Compliance Today FINBOA announced it will host a new webinar series, Process...
Community bank PPP share continues climb
Community bank PPP share continues climb Lenders under $10 billion in assets have made some 2.52 million PPP loans worth more than $229 billion through both rounds of funding, according to SBA data...
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...
CFPB report touts credit builder loans
CFPB report touts credit builder loans The Consumer Financial Protection Bureau released a report on how credit builder loans could help consumers establish credit records and improve the credit...
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...
CFPB reports consumer COVID-19 complaints
CFPB reports consumer COVID-19 complaints The Consumer Financial Protection Bureau reported on more than 8,000 complaints it received from January through May that mention the coronavirus or...
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...
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...
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...
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...
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....
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...
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...
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...
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...
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...
CFPB reports on debt settlement, credit counseling
CFPB reports on debt settlement, credit counseling The Consumer Financial Protection Bureau released a report documenting changes in how consumers have used debt settlement and credit counseling...
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...
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...
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...
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...
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...
CFPB rescinds part of small-dollar rule
CFPB rescinds part of small-dollar rule The Consumer Financial Protection Bureau issued a final rule on small-dollar lending that rescinds the mandatory underwriting provisions of the 2017 rule but...
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...
CFPB ratifies regulations following Supreme Court decision
CFPB ratifies regulations following Supreme Court decision The Consumer Financial Protection Bureau ratified most regulatory actions it took from Jan. 4, 2012, through June 30, 2020. The CFPB said...
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...
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...
ICBA urging ILC grassroots outreach
ICBA urging ILC grassroots outreach ICBA is calling on community bankers to urge their senators to co-sponsor legislation to close the industrial loan company loophole. ICBA is calling on community...
IRS cancels stimulus payments to ineligible recipients
IRS cancels stimulus payments to ineligible recipients The IRS cancelled outstanding Economic Impact Payment checks issued to recipients who may not be eligible for the stimulus payments, including...
Visa Small Business Recovery Monitor report, June 2020
Visa Small Business Recovery Monitor report, June 2020 Visa’s analysis of current economic data indicates that U.S. small business activity was slowly recovering in June. Visa’s analysis of current...
ICBA urging grassroots on ILC loophole
ICBA urging grassroots on ILC loophole ICBA is calling on community bankers to urge their senators to co-sponsor legislation to close the industrial loan company loophole. ICBA is calling on...
CFPB details higher-level exams
CFPB details higher-level exams The Consumer Financial Protection Bureau posted frequently asked questions about prioritized assessments, a new supervisory approach the bureau developed in response...
ICBA offers resources on PPP data release
ICBA offers resources on 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...
ICBA resources follow release of PPP data
ICBA resources follow release of PPP data Following the SBA and Treasury Department release of information about individual Paycheck Protection Program loans, ICBA released talking points and a...
PPP calculator bill introduced in Senate
PPP calculator bill introduced in Senate ICBA thanked Sens. Angus King (I-Maine) and John Kennedy (R-La.) for introducing legislation to establish a free online calculator to complete Paycheck...
House subcommittee set to pass ag appropriations
House subcommittee set to pass ag appropriations The House Appropriations Agriculture Subcommittee adopted fiscal 2021 agriculture and rural development legislation. The House Appropriations...
ICBA on PPP extension: Community banks a lifeline
ICBA on PPP extension: Community banks a lifeline ICBA said community banks will continue working to meet the needs of their communities after Congress passed and President Trump signed a law...
United Bankers’ Bank and MK Decision Partnership Brings Business Credit Card Origination Online for 75+ Banks in 15-State Footprint
United Bankers’ Bank and MK Decision Partnership Brings Business Credit Card Origination Online for 75+ Banks in 15-State Footprint United Bankers’ Bank (UBB), a $996 million-asset correspondent...