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Court ruling opens door to more legal disputes over debts
A U.S. appeals court this week issued a decision that widens the avenue for consumers to challenge their debt under the Fair Credit Reporting Act.
Committee slated to vote tomorrow on blocking 1071 rule
With the House Financial Services Committee slated to take up an ICBA-advocated resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA called on the committee to...
Same Day ACH continues expansion
The value of Same Day ACH payments grew 51.7% in the first half of 2023 from a year earlier, while payments volume rose 13.7%, Nacha reported.
80% of FDIC special assessment comment letters from community bankers
Community bankers responded in force to ICBA’s grassroots advocacy campaign supporting the FDIC’s proposal to exempt community banks under $5 billion in assets from its special assessment.
ICBA Commends Federal Reserve for FedNow Launch
The Independent Community Bankers of America (ICBA) today commended the Federal Reserve for its launch of the FedNow Service, the Fed’s instant payment service that ICBA has staunchly advocated for...
ICBA: Community banks not ‘furnishers’ under fair credit law
Community banks should not be classified as data furnishers when data brokers obtain consumer information from a bank, ICBA told the Consumer Financial Protection Bureau.
ICBA launches online community for members
ICBA announced the launch of ICBA Community—an online platform that provides professional networking and discussion opportunities exclusively for community bankers.
ICBA Commends Fed Vice Chair Barr for Targeting Regulatory Capital Reforms on Largest Institutions
(ICBA) President and CEO Rebeca Romero Rainey issued the following statement on Federal Reserve Vice Chair for Supervision Michael Barr’s remarks on pending regulatory capital rules.
ICBA Commends Senate Small Business Committee for Advancing Legislation Addressing SBA 7(a) Changes
The Independent Community Bankers of America (ICBA) today commended the Senate Small Business Committee for advancing legislation to address ICBA-opposed Small Business Administration changes to...
With Bipartisan ACRE Act Introduced in Senate, ICBA Polling Shows Strong Support Among Voters
Following today’s Senate introduction of bipartisan legislation to support farmers, ranchers, and rural homeowners, ICBA released new polling conducted by Morning Consult showing broad support for...
ICBA, groups oppose effort to tie credit card bill to defense legislation
ICBA and other financial services groups expressed strong opposition to an attempt to advance credit card routing restrictions via this year’s National Defense Authorization Act, while ICBA...
CRA Partners Launches Forum for Community Bank CRA Professionals
CRA Partners, an ICBA affiliate, today announced the formation of CRA Collaborative, a peer group that provides community bankers with opportunities to engage in discussion around Community...
CFPB: Most consumer complaints target credit reports
The CFPB said more than three-quarters of its consumer complaints in 2022 focused on credit or consumer reporting, primarily related to inaccurate information on consumer credit reports.
ICBA, state associations urge opposition to credit card routing bill
ICBA and 44 state community banking associations called on members of Congress to oppose the Credit Card Competition Act (S. 1838/H.R. 3881) while ICBA continues its grassroots campaign against the...
CFPB, OCC penalize BofA for re-presentment fees, other practices
The Consumer Financial Protection Bureau and OCC announced penalties against Bank of America for assessing multiple overdraft and non-sufficient-funds fees against customers for a single...
ICBA Announces Launch of Online Community Exclusively for Members
ICBA today announced the launch of ICBA Community—an online platform that provides professional networking and discussion opportunities exclusively for community bankers.
Texas Community Banker Elected to ICBA Securities Board
ICBA Securities Inc.®, the broker-dealer subsidiary of the ICBA, today announced the election of Gabriel Guerra, president and CEO of Kleberg Bank in Corpus Christi, Texas, to the ICBA Securities...
ICBA to CFPB: Guidance on abusive conduct doesn’t acknowledge other regulations
The CFPB’s policy statement that explains the legal prohibition on abusive conduct in consumer financial markets fails to acknowledge the myriad rules and regulations that apply to insured...
ICBA, groups support permanent Sub S tax deduction
ICBA and other groups expressed support for legislation to make permanent the 20% Section 199A deduction for small and individually owned businesses.
CFPB hearing targeting medical billing
The Consumer Financial Protection Bureau said it will host a hearing next week on medical billing and collections issues, including medical credit cards and installment loans.
ICBA continuing grassroots campaigns
ICBA continues calling on community bankers to use its Be Heard grassroots resource center to urge their members of Congress to oppose legislation to impose routing mandates on credit card...
Best Community Banks to Work For nominations due this week
Nominations for Independent Banker magazine’s 2023 Best Community Banks to Work For awards are due this week.
ICBA urging community banker comment letters on FDIC assessment proposal
ICBA is calling on community bankers to send individual comment letters to the FDIC to support the agency’s proposal to exempt community banks under $5 billion in assets from its proposed special...
New ICBA podcast features ‘40 Under 40’ emerging leaders
The latest episode of ICBA’s “Independent Banker” podcast features an interview with community bankers showcased in Independent Banker magazine’s "40 Under 40" list of emerging community bank leaders.
Fed minutes: More rate hikes this year
Nearly every member of the Federal Reserve’s rate-setting body said additional interest rate increases would be appropriate in 2023, according to the minutes of last month’s meeting.
Independent Banker features top lenders for 2023
ICBA's Independent Banker magazine announced in the July issue its rankings of the top community bank loan producers based on 2022 FDIC data.
CRA Partners/USI Alliance Welcomes New York Community Banker to Board of Directors
CRA Partners/USI Alliance today announced the election of Robert M. Fisher, president, CEO, and chairman of Tioga State Bank in Spencer, N.Y., as a member of the USI Alliance and Senior Housing...
Grassroots push continues on key issues
ICBA continues calling on community bankers to use its Be Heard grassroots resource center to urge their members of Congress to oppose legislation to impose routing mandates on credit card...
CFPB accepting Community Bank Advisory Council applications
The Consumer Financial Protection Bureau is now accepting applications for membership on the Community Bank Advisory Council and other advisory committees through July 16.
CFPB signals focus on AI in loan underwriting
The Consumer Financial Protection Bureau indicated it will focus on the use of artificial intelligence in loan underwriting and will take enforcement action if algorithmic underwriting models...
CISA launches CyberSentry threat detection program
The Cybersecurity and Infrastructure Security Agency launched a CyberSentry threat detection and monitoring capability with critical infrastructure partners.
FDIC head of supervising complex institutions retires
The FDIC announced the retirement of John Conneely following a nearly 35-year career at the agency, including his recent leadership of the FDIC’s Division of Complex Institution Supervision and...
CFPB: Fair lending enforcement focused on advanced tech
The Consumer Financial Protection Bureau issued its fair lending annual report to Congress describing its fair lending enforcement priorities and statistics.
Agencies release 2022 HMDA data
The Federal Financial Institutions Examination Council released 2022 Home Mortgage Disclosure Act data for 4,460 U.S. financial institutions.
FHFA publishes Uniform Appraisal Dataset statistics
The Federal Housing Finance Agency published first-quarter Uniform Appraisal Dataset aggregate data. For the first time, the FHFA's UAD Aggregate Statistics include data on residential property...
Task force updates AML-deficiency jurisdiction list
The Financial Action Task Force—a global anti-money-laundering watchdog—updated its statements concerning jurisdictions with strategic AML, terrorist-financing, and weapons-proliferation deficiencies.
Agencies finalize CRE guidance update
Banking regulators finalized updates to agency guidance on commercial real estate loan accommodations for borrowers.
ICBA ThinkTECH Accelerator Demo Day Highlights the Future of Real-time Payments and Deposit Innovation for Community Banks
The Independent Community Bankers of America (ICBA) hosted its fifth annual ICBA ThinkTECH Accelerator Demo Day, the first since ICBA brought the accelerator program in-house and in its new home in...
OCC releases Cybersecurity Supervision Work Program
The OCC released the Cybersecurity Supervision Work Program, which provides high-level examination objectives and procedures for cybersecurity assessment.
CFPB issues FAQs on 1071 rule
The Consumer Financial Protection Bureau issued frequently asked questions on its Section 1071 small-business data collection and reporting rule. The FAQs cover which financial institutions,...