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Fed touts ‘same risk, same regulation’ approach to innovation
The Federal Reserve Board’s approach to overseeing banking innovation seeks to ensure activities that present fundamentally the same risks are regulated in the same way, a Fed regulator is slated...
House passes ICBA-advocated resolution to scrap CFPB 1071 rule
ICBA commended the House for passing an ICBA-advocated resolution to nullify the Consumer Financial Protection Bureau’s Section 1071 small-business data collection and reporting requirements.
OCC announces 2024 fees and assessments
The OCC announced its fees and assessments for calendar year 2024.
House set to vote today on nullifying 1071 rule
ICBA is calling on community bankers to urge their members of Congress to support a resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule ahead of a House vote slated for...
FinCEN updates beneficial ownership information resources
The Financial Crimes Enforcement Network updated its beneficial ownership information frequently asked questions, Small Entity Compliance Guide, quick reference materials, and informational video.
FDIC adds new technical assistance videos
The FDIC announced updates to its Technical Assistance Video Program.
ICBA Commends House for Passing Resolution to Scrap CFPB’s Onerous Small-Business Reporting Rule
ICBA today commended the House for passing a bipartisan, ICBA-advocated resolution (S.J.Res.32) to nullify the CFPB’s Section 1071 small-business data collection and reporting requirements and...
ICBA Independent Banker Honors 2023 Best Community Banks to Work For Winners
The December cover story of Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America (ICBA), spotlights this year’s Best Community Banks to...
ICBA Congratulates New Conference of State Bank Supervisors President and CEO Brandon Milhorn
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Conference of State Bank Supervisors announcement that Brandon Milhorn...
ICBA to FDIC: Focus new resolution standards on banks over $100B
ICBA said it agrees with an FDIC proposal to implement resolution planning for banks with at least $100 billion in assets but said banks between $50 billion and $100 billon should generally be exempt.
Community bank net income declines in Q3
Community banks reported a 4.8% third-quarter decline in net income from the previous quarter and a 15% decrease from the same period a year ago, according to the FDIC’s latest Quarterly Banking...
ICBA congratulates new CSBS chief
ICBA congratulated Brandon Milhorn for being named president and CEO of the Conference of State Bank Supervisors.
Chopra pressed on 1071 rule during Senate hearing
Consumer Financial Protection Bureau Director Rohit Chopra faced questions from Congress about the bureau’s Section 1071 small-business data reporting rule.
FDIC, OCC issue CRA exam schedule
The FDIC and OCC issued lists of institutions scheduled for Community Reinvestment Act examination during the first and second quarters of 2024.
VeraBank Achieves Faster Time to Value with nCino
VeraBank, a community bank headquartered in Henderson, TX, partnered with nCino to modernize lending processes and streamline employee and customer experiences.
Honor Bank Successfully Deploys nCino's Commercial Banking Solution
nCino, Inc., a pioneer in cloud banking for the global financial services industry, today announced that Honor Bank, a full-service community bank in Northern Michigan, is live on the nCino Cloud...
FHFA raises conforming loan limits for 2024
The Federal Housing Finance Agency increased the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2024.
CISA LinkedIn presentation today on cybersecurity protections
The Cybersecurity and Infrastructure Agency today is hosting a LinkedIn Live presentation on its Cross-Sector Cybersecurity Performance Goals.
Grassroots push continues ahead of House 1071 vote
ICBA is calling on community bankers to urge their members of Congress to support a resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule ahead of a House vote slated for...
FinCEN extends deadline for beneficial ownership reporting
The Financial Crimes Enforcement Network extended the deadline for certain reporting companies to file their initial reports on beneficial ownership information.
ICBA pushing grassroots outreach ahead of House 1071 vote
With the House expected to vote this week on an ICBA-advocated resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA is calling on community bankers to urge their...
Fed officials weigh future rate hikes
Federal Reserve officials in separate speeches discussed the implications of softening economic activity on the interest rate outlook.
House set to vote this week on 1071 reversal
With the House expected to vote this week on an ICBA-advocated resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA is calling on community bankers to urge their...
Treasury issues advisory on AI-enabled holiday scams
The Treasury Department’s Office of Cybersecurity and Critical Infrastructure Protection released an advisory highlighting tips consumers can take to avoid becoming the victim of cyber or online...
ICBA briefing on CRA rule today
ICBA is hosting a complimentary community bank briefing on the interagency final rule to reform Community Reinvestment Act regulations.
Paper details ‘triangulation’ fraud targeting online shoppers
The Financial Services Information Sharing and Analysis Center issued a new white paper on triangulation fraud, a relatively new type of fraud that targets online shoppers and affects the broader...
ICBA to Fed: Extend comment period on interchange proposal
ICBA and other groups urged the Federal Reserve Board to extend the comment period on its proposal to lower the maximum interchange fee that covered debit card issuers may receive for debit card...
ICBA briefing on CRA rule tomorrow
ICBA tomorrow is hosting a complimentary community bank briefing on the interagency final rule to reform Community Reinvestment Act regulations.
FinCEN warns of Employee Retention Credit fraud
The Financial Crimes Enforcement Network issued an alert to financial institutions on fraud schemes related to the COVID-19 Employee Retention Credit.
Agencies extend comment period on megabank debt proposal
Federal banking regulators extended the comment period on their long-term debt proposed rule for large banks until Jan. 16, 2024. Comments on the proposal were originally due by Nov. 30.
FDIC approves special committee for workplace review
The FDIC board of directors unanimously approved a special committee to oversee an independent third-party review of the agency’s workplace culture following reports of misconduct.
Agencies issue new advisory on LockBit ransomware
The Cybersecurity and Infrastructure Security Agency and other agencies released a joint cybersecurity advisory on detection methods associated with LockBit 3.0 ransomware affecting Citrix systems.
ICBA Supports CFPB Approval of Project to Improve Mortgage Disclosures
ICBA today expressed support for the Consumer Financial Protection Bureau’s approval of ICBA’s proposed template to improve mortgage disclosures required under TILA-RESPA Integrated Disclosure...
Keynote speakers, learning labs set for ICBA LIVE
ICBA announced two keynote speakers and initial learning lab sessions for ICBA LIVE 2024, which is scheduled for March 14-17 in Orlando, Fla.
ICBA briefing on CRA rule next week
ICBA next week is slated to hold a complimentary community bank briefing on the interagency final rule to reform Community Reinvestment Act regulations.
Fed announces pricing for payment services
The Federal Reserve Board announced pricing for payment services offered by the Federal Reserve Banks, effective Jan. 2.
FS-ISAC issues report on LockBit ransomware group
The Financial Services Information Sharing and Analysis Center released a white paper on LockBit, one of the most prolific ransomware groups since 2019.
CFPB approves ICBA proposal to improve mortgage disclosures
ICBA expressed support for the Consumer Financial Protection Bureau’s approval of ICBA’s proposed template to improve mortgage disclosures required under TILA-RESPA Integrated Disclosure rules.
FHFA finalizes changes to commingled securities, bi-merge requirements
The Federal Housing Finance Agency published a final rule that amends several provisions of the Enterprise Regulatory Capital Framework for Fannie Mae and Freddie Mac.
ICBA urges preliminary notice on credit reporting rulemaking
ICBA and other groups called on the Consumer Financial Protection Bureau to issue an advance notice of proposed rulemaking before releasing its upcoming proposed rule on credit reporting.