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Fed’s Powell: Regulators should issue new Basel III Endgame proposal
Federal Reserve Chairman Jerome Powell told Congress that regulators should issue a revised Basel III Endgame proposal.
Bowman: Banks well-positioned to support financial inclusion
The U.S. banking system is well-positioned to bring consumers into the financial mainstream by providing innovative solutions to meet their credit needs, Federal Reserve Governor Michelle Bowman said.
NCUA budgets far fewer exam hours than FDIC: inspector general
Credit unions have a much easier time with exams, according to a report by the National Credit Union Administration’s inspector general.
Independent Banker spotlights importance of change management
As new technologies and solutions ebb and flow, change-management strategies are critical to ensure community bank success, according to the latest Independent Banker.
Fed to Congress: No rate cut until inflation comes down
The Federal Reserve does not plan to reduce target interest rates until inflation comes down more, according to its latest Monetary Policy Report to Congress.
Senate hearing this week on FDIC chair nomination
Senate hearing this week on FDIC chair nomination.
ICBA ThinkTECH Accelerator Showcase Hosted at Graduate School of Banking at Colorado
ICBA announced its upcoming ICBA ThinkTECH Accelerator program Showcase will take place at the Graduate School of Banking at Colorado (GSBC).
ICBA to CISA: Exempt community banks from cyber reporting proposal
ICBA called on the Cybersecurity and Infrastructure Security Agency to exempt community banks from new cyber reporting rules.
Basel Committee moves forward on crypto standards
The Basel Committee on Banking Supervision announced that it has reviewed the comments on its proposed crypto asset exposure disclosure and amendments to its standard on banks’ exposure to crypto...
Best Community Banks to Work For nominations due today
Nominations for Independent Banker magazine’s 2024 Best Community Banks to Work For awards are due today. Eligible community banks must submit nominations by 11:59 p.m. (Eastern time).
CISA adds cyberattack vulnerability to catalog
The Cybersecurity and Infrastructure Security Agency added the Cisco NX-OS Command Injection Vulnerability to its Known Exploited Vulnerabilities Catalog.
Independent Banker showcases top lenders of 2024
This month’s Independent Banker magazine recognizes the top lenders of 2024, the top community bank loan producers based on 2023 FDIC data.
ICBA Independent Banker Recognizes Community Banks in Top Lenders List
Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America® (ICBA), has announced its 2024 Top Lenders.
ICBA: Government Underestimates Suspicious Activity Reporting Burden
The federal government underestimates the amount of time and resources community banks dedicate to reporting suspicious activity, the Independent Community Bankers of America (ICBA) told the...
Op-ed: Credit unions unfairly using tax breaks
Large credit unions are using the savings from their federal tax exemption to acquire taxpaying community banks at an alarming rate, Mississippi Bankers Association President and CEO Gordon Fellows...
ICBA Services Network Appoints Ohio Community Banker as New Chairman
ICBA Services Network, the business-services subsidiary of ICBA, today announced the election of Shon Myers, chairman, president and CEO of Farmers & Merchants Bank in Miamisburg, Ohio, as chairman...
Fed’s Bowman cites concerns with credit union bank acquisitions
Federal Reserve Governor Michelle Bowman raised concerns with credit union acquisitions of banks, noting the tax-exempt financial firms are exempt from the Community Reinvestment Act.
ICBA urges senators to co-sponsor bill to close ILC loophole
ICBA urged senators to co-sponsor ICBA-advocated legislation to permanently close the industrial loan company loophole.
GM withdraws ILC charter application
General Motors withdrew its ICBA-opposed application for deposit insurance, suspending its bid to form an industrial loan company.
Sen. Stabenow: It’s time to pass a farm bill
Senate Agriculture Committee Chair Debbie Stabenow (D-Mich.) called for negotiations on the next farm bill.
Fed’s Bowman recommends Basel III Endgame changes
Federal Reserve Governor Michelle Bowman said she sees a path forward for implementing proposed Basel III Endgame capital rules that addresses concerns with their effectiveness and efficiency.
New ICBA podcast on check fraud
The latest episode of ICBA’s “Independent Banker” podcast, sponsored by FIS, discusses why check fraud has become such a problem.
ICBA opposes Freddie Mac pilot to purchase second mortgages
ICBA announced its opposition to the Federal Housing Finance Agency’s conditional approval of Freddie Mac’s proposal to engage in a pilot program to purchase certain single-family closed-end second...
Data privacy bill markup canceled
The House Energy and Commerce Committee canceled the scheduled markup of the American Privacy Rights Act following concerns about the bill.
Credit Analyst Institute heads to Texas
ICBA's Credit Analyst Institute, scheduled for Aug. 11-14 in Grapevine, Texas., will examine the evolving role of the credit analyst and dive into the intricacies of financial analysis, business...
Q2 Community Bank Briefing on Thursday
ICBA this week is hosting a complimentary community bank briefing on key congressional and regulatory developments.
ICBA Opposes FDIC Approval of Industrial Loan Company Application
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Federal Deposit Insurance Corp. approval of the formation of...
ICBA Payments Appoints Three New Members to its Board of Directors
ICBA Payments, the payments-services subsidiary of the Independent Community Bankers of America (ICBA), today announced the election to its board of directors its three newest members.
How Intelligent Automation Supports the AI Journey
I had the pleasure of participating in a panel with Kimberly Kirk, Executive Vice President, Chief Operations Officer at Queensborough National Bank & Trust Co., and Todd Michaud, CEO of HuLoop...
ICBA Opposes Approval of Freddie Mac Plan to Enter Market Already Well Served by Private-Sector Community Banks
ICBA President and CEO Rebeca Romero Rainey issued the following statement on the Federal Housing Finance Agency’s conditional approval of Freddie Mac’s proposal to engage in a pilot program to...
CDFI Fund extends deadlines for certification application
The Community Development Financial Institutions Fund extended the application deadlines outlining when current CDFIs must reapply for CDFI certification using the revised version of the application.
Fed issues ICBA-requested extension on Fedwire comment period
The Federal Reserve extended until Sept. 6 the comment period on its proposal to expand Fedwire Funds Service and National Settlement Services operating hours. Comments on the proposal were...
Educate the Consumer – Make a Dent in Fighting Fraud
With every passing year, there are new threat attacks and innovative variations of old fraud schemes that still reign successful. And criminals continue to do their possible best to gain financial...
The FedNow Service is Turning 1, What Comes Next?
With the FedNow Service approaching the anniversary of its July 2023 launch, it's appropriate to reflect on how far we've come and what comes next with respect to instant payments and the FedNow...
ICBA urges unified, streamlined bank merger review process
ICBA told the FDIC that its bank merger review process requires significant revisions to be streamlined and equitable to community banks.
The Technology Take
As ICBA Bancard transitions to ICBA Payments, reflecting on our past will help to fuel our future success. While our name has changed, the goal of serving community banks has remained a constant...
FDIC finalizes new resolution filings for banks over $50B
The FDIC approved a final rule to require resolutions plans for banks with at least $100 billion in assets and “informational filings” for banks over $50 billion.
Banking agencies propose amending BSA requirements
Federal banking regulators issued a proposed rule that would amend Bank Secrecy Act requirements for anti-money-laundering and countering-the-financing-of-terrorism programs.
Bill to pause Fed debit card rule introduced in Senate
ICBA-advocated legislation directing the Federal Reserve to stop and study its proposed changes to Regulation II before finalizing the rule was introduced in the Senate.
ICBA CRA Solutions/USI Alliance Names NY Community Banker New Chairman
ICBA CRA Solutions/USI Alliance, an ICBA subsidiary, today announced the election of Robert Fisher, chairman and president of Tioga State Bank in Spencer, N.Y. as chairman of the USI Alliance board...