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ICBA: Ford ILC application shows need to close loophole
The Ford Motor Co. plan to apply for an industrial loan company charter shows why the ILC loophole should be closed, ICBA’s Chris Cole told American Banker.
SBA now accepting requests for PPP partial-forgiveness reviews
The Small Business Administration said its Paycheck Protection Program platform can now accept borrower requests to review lenders’ partial forgiveness decisions.
Financial Services Industry United in Opposition to Marshall-Durbin Credit Routing Legislation
Today nine trade associations representing the financial services industry released the following joint statement opposing announced legislation by Senator Roger Marshall (R-KS) and Senator Dick...
CFPB, DOJ issue reminder on servicemember auto finance protections
The Consumer Financial Protection Bureau and Justice Department issued a joint letter reminding auto finance companies of their responsibility to recognize legal protections for military families...
Fed: Stablecoin growth poses structural vulnerabilities
The value of outstanding stablecoins grew roughly fivefold last year, the Federal Reserve said in its 2021 annual report.
FDIC issues fact sheet, advisory on crypto deposit insurance claims
The FDIC published a fact sheet to consumers and an advisory to financial institutions on FDIC deposit insurance and crypto companies.
Senate spending deal excludes ICBA-opposed policies
The Senate budget reconciliation deal announced this week by Senate Majority Leader Chuck Schumer (D-N.Y.) and Sen. Joe Manchin (D-W.Va.) excludes several proposed tax provisions strongly opposed...
Senate drops postal banking funding from appropriations bill
Senate appropriators dropped an ICBA-opposed legislative proposal to expand the U.S. Postal Service’s banking pilot after ICBA urged lawmakers to block the plan.
OCC issues CRA fact sheets ahead of comment deadline
The OCC released a series of fact sheets on the banking agencies’ proposed updates to Community Reinvestment Act regulations ahead of the Aug. 5 comment deadline.
CFPB adds new debt-collection FAQs
The Consumer Financial Protection Bureau added a new section to its frequently asked questions on the Debt Collection Rule in Regulation F.
ICBA to committee: Fully vet stablecoin bill before any vote
While legislation is urgently needed to address risks posed by unregulated stablecoins, taking up last-minute legislation at this week’s House Financial Services Committee markup would be...
FS-ISAC spotlights Holy Ghost ransomware group
The Financial Services Information Sharing and Analysis Center’s latest weekly risk report details the Holy Ghost ransomware group, which has been active for more than a year and has connections to...
ICBA urges agencies to keep voluntary cyber tool up to date
ICBA called on federal regulators to continue building on the Cybersecurity Assessment Tool risk assessment framework while keeping it voluntary.
Senators introduce broad cannabis bill as safe harbor push continues
Senate Democrats introduced sweeping legislation to end federal cannabis prohibitions, potentially paving the way for an ICBA-advocated cannabis banking safe harbor.
Feds announce first crypto insider trading indictment
Federal law enforcement officials announced the first-ever insider trading tipping indictment involving cryptocurrency.
House again passes cannabis banking bill
The House advanced an ICBA-advocated cannabis banking safe harbor as part of a fiscal 2023 defense authorization bill.
TCM Bank Names William Weeks Chief Information Officer
TCM Bank, N.A., the credit card bank of ICBA Bancard, which is the payments services subsidiary of the Independent Community Bankers of America (ICBA), today announced the hire of William Weeks as...
ICBA Names Andrew Hipolit Assistant Vice President, Financial Policy, Research and Advocacy
The Independent Community Bankers of America (ICBA) today announced that Andrew Hipolit has joined its government relations team as assistant vice president, financial policy, research, and advocacy.
Community banks vital to manufacturing-concentrated states: FDIC
Community banks in manufacturing-concentrated states have provided more commercial loans than other community banks and reported higher net interest margins, according to a new FDIC report.
ICBA Statement on Mutual Savings Association Advisory Committee Charter Renewal
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement regarding the Office of the Comptroller of the Currency’s renewal of the Mutual...
What community banks can do about the super app rise
ICBA Bancard President and CEO Tina Giorgio’s latest blog post covers the rise of the super app and what community banks can do about it.
ICBA Statement on Confirmation of Michael Barr for Fed Vice Chair of Supervision
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on Michael Barr’s confirmation for Federal Reserve vice chair of supervision.
ICBA Services Network Announces New Members to Board of Directors
ICBA Services Network today announced that Thomas E. Bates Jr.; G. Scott McComb, and Noah Wilcox were elected to the ICBA Services Network board of directors.
USPS defends postal banking pilot
The U.S. Postal Service defended its decision to launch an ICBA-opposed postal banking pilot program without first consulting the Postal Regulatory Commission.
ICBA Testifies Urging Congress to Apply Community Reinvestment Act to Credit Unions
The Independent Community Bankers of America (ICBA) today called on Congress to examine the need to apply the Community Reinvestment Act to tax-exempt credit unions.
ICBA testifying today on CRA modernization
ICBA is scheduled to testify today before Congress on the interagency proposal to modernize Community Reinvestment Act regulations.
Agencies encourage risk-based approach to customer due diligence
Federal financial services regulators issued a joint statement to remind banks of the risk-based approach to assessing customer relationships and conducting customer due diligence.
ICBA “dashboard” and briefing highlight community bank-focused advocacy efforts for Q3
ICBA’s third quarter “Advocacy in Action” government relations dashboard and recent advocacy briefing provide community banks with an update on ICBA’s advocacy successes, along with more...
ICBA guidance on new FDIC approach to re-presented transactions
With the FDIC taking a new, stricter approach to how banks treat single items that are repeatedly rejected for insufficient funds, ICBA released member-protected fact sheet on the issue with...
CRA Partners/USI Alliance Names Ohio Community Banker New Chairman
CRA Partners/USI Alliance, an ICBA subsidiary, today announced the election of G. Scott McComb, chairman, president and CEO of Heartland Bank in Whitehall, Ohio, as chairman of the USI Alliance...
ICBA to House: Include cannabis, notarization bills in defense act
ICBA and other groups today are calling on the House to include a cannabis banking safe harbor in the fiscal 2023 National Defense Authorization Act (H.R. 7900).
Community Banker Anne Balcer Today Joins ICBA as New Head of Government Relations
Anne Balcer today officially joined the Independent Community Bankers of America (ICBA) as senior executive vice president, chief government relations and public policy.
How ICBA’s ThinkTECH Accelerator refines tech solutions
ICBA's latest blog post shares how this year's ICBA ThinkTECH Accelerator program helped three fintech participants refine their solutions to address community bank pain points and opportunities.
CFPB issues advisory on credit report privacy restrictions
The Consumer Financial Protection Bureau issued a legal interpretation on the permissible purposes for companies to use and share credit reports and background reports under the Fair Credit...
Treasury’s Liang raises prospect of nonbank stablecoin model
Treasury Under Secretary for Domestic Finance Nellie Liang this week explored the appropriate regulatory structure to address stablecoin risks.
nbkc bank Successfully Implements nCino Commercial Pricing and Profitability
nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that nbkc is live on nCino’s Commercial Pricing and...
Tennessee Community Banker Named Chairman of ICBA Securities Board of Directors
ICBA Securities Inc., the broker-dealer subsidiary of the Independent Community Bankers of America, today announced the election of Kansas, Ohio and Oregon Community Bank leaders to the ICBA...
Nominations open for Best Community Banks to Work For awards
ICBA’s Independent Banker magazine opened nominations for its 2022 Best Community Banks to Work For awards.
Fed: Community Banking Connections makes business case for relationship banking
The latest issue of the Federal Reserve’s Community Banking Connections herald's the financial resilience and commitment of the nation's community banks in serving local communities throughout the...
ICBA issues summary on CRA modernization proposal
ICBA released a summary of the banking agencies’ proposed update to Community Reinvestment Act regulations.