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Three days of grassroots at next week’s Capital Summit

Three days of grassroots at next week’s Capital Summit Community bankers who can’t participate in next week’s virtual ICBA Capital Summit will still be able to join in the grassroots outreach....

Apr 22, 2021
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Article

VPN compromise illustrates growing malware trend

VPN compromise illustrates growing malware trend Cybersecurity firm FireEye said it is tracking 12 malware families associated with the exploitation of Pulse Secure VPN devices. Cybersecurity firm...

Apr 22, 2021
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Article
Cybersecurity

Taxpayer group urges credit union reforms

Taxpayer group urges credit union reforms Congress should examine how the tax code is contributing to acquisitions of taxpaying community banks by tax-exempt credit unions, the National Taxpayers...

Apr 22, 2021
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Article
Credit Unions

ICBA opposes Calif. public banking bill

ICBA opposes Calif. public banking bill ICBA and other groups expressed opposition to a bill in the California legislature that would establish a government banking system in the state. ICBA and...

Apr 22, 2021
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Article
State-Owned/Public Banks

Nation’s Community Bankers Convene for ICBA Capital Summit

Nation’s Community Bankers Convene for ICBA Capital Summit ICBA will host hundreds of meetings with community bank leaders and key policymakers during ICBA Capital Summit to advance pro-community...

Apr 22, 2021
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Article

FS-ISAC Coronavirus Update, April 20, 2021

FS-ISAC Coronavirus Update, April 20, 2021 Nearly 212 million doses of vaccine have been administered in the US for an average of 3 million shots a day, despite a pause in delivering Johnson &...

Apr 20, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

ICBA backs bill promoting de novo bank formation

ICBA backs bill promoting de novo bank formation ICBA voiced its support for new legislation by Rep. Andy Barr (R-Ky.) to kickstart the economic recovery in underserved areas by easing regulations...

Apr 16, 2021
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Article
De Novo Banks

FDIC launches campaign promoting financial inclusion

FDIC launches campaign promoting financial inclusion The FDIC launched a public awareness campaign supporting financial empowerment to educate consumers about the benefits of opening a bank account...

Apr 16, 2021
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Article
Advocacy Crisis Preparedness

FS-ISAC Coronavirus Update, April 16, 2021

FS-ISAC Coronavirus Update, April 16, 2021 The seven-day average of US daily new coronavirus infections is 71,282, according to Johns Hopkins University data, up 8% from one week ago, and overall...

Apr 16, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

House passes cannabis banking safe harbor

House passes cannabis banking safe harbor The House voted 321-101 to pass ICBA-advocated legislation to establish a safe harbor for financial institutions that serve cannabis-related businesses in...

Apr 20, 2021
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Article
Cannabis banking

Lawmakers seek SBA feedback on PPP backlog

Lawmakers seek SBA feedback on PPP backlog A group of House Republicans asked the SBA for information on its backlog of Paycheck Protection Program loan-forgiveness applications. A group of House...

Apr 20, 2021
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Article
Advocacy Crisis Preparedness

ICBA: Climate risk study should preserve housing stability

ICBA: Climate risk study should preserve housing stability Fannie Mae, Freddie Mac, and the Federal Home Loan Banks should take steps to better understand and mitigate climate-related risks in...

Apr 20, 2021
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Article
Advocacy Risk

ICBA Supports House Passage of SAFE Banking Act

ICBA Supports House Passage of SAFE Banking Act The Independent Community Bankers of America issued a statement on the bipartisan House passage of the H.R. 1996, which would establish a safe harbor...

Apr 20, 2021
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Article
Cannabis banking

ICBA Advances Community Banking Policy Priorities

ICBA Advances Community Banking Policy Priorities The Independent Community Bankers of America (ICBA) today released its legislative and regulatory priorities to help these local lenders continue...

Apr 19, 2021
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Article
Advocacy

CISA - Critical Infrastructure Hurricane Response During a Pandemic

CISA - Critical Infrastructure Hurricane Response During a Pandemic The Cybersecurity and Infrastructure Security Agency (CISA) invites you to participate in a webinar discussion on its role and...

Apr 14, 2021
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Article
Advocacy Risk Sector Calls +1 More...

Blog: ThinkTECH Accelerator tripled number of bank participants

Blog: ThinkTECH Accelerator tripled number of bank participants After 12 fully immersive weeks and hundreds of meetings with industry stakeholders, the ICBA ThinkTECH Accelerator 2021 cohort...

Apr 14, 2021
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Article
Technology

Fed outlines vision, key pillars for FedNow Service

Fed outlines vision, key pillars for FedNow Service Federal Reserve Bank Chief Innovation Officer Dan Anthony will outline the agency’s technology strategy and next steps in preparation for the...

Apr 14, 2021
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Article
Federal Reserve

ICBA comments on computer security incident notification requirement

ICBA comments on computer security incident notification requirement ICBA submitted a comment letter in response to a notice of proposed rulemaking requiring banks to notify their primary federal...

Apr 13, 2021
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Article
Cybersecurity

FDIC seeks input on modernizing sign, ad rules

FDIC seeks input on modernizing sign, ad rules The FDIC said it is seeking input on potentially modernizing its sign and advertising requirements related to FDIC deposit insurance to better reflect...

Apr 12, 2021
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Article
Compliance

Fed issues ‘synthetic identity fraud’ definition

Fed issues ‘synthetic identity fraud’ definition The Federal Reserve issued a recommended definition of “synthetic identity fraud” after convening an industry group. The Federal Reserve issued a...

Apr 09, 2021
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Article
Cybersecurity

IRS disburses another 25M EIPs

IRS disburses another 25M EIPs The IRS and Treasury Department said they are disbursing more than 25 million payments in the fourth batch of Economic Impact Payments under the American Rescue Plan....

Apr 08, 2021
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Article
Advocacy Crisis Preparedness Lending

ICBA expands Financial Literacy Month resources

ICBA expands Financial Literacy Month resources ICBA added more Financial Literacy Month resources to its "Tell Your Story" marketing and communications toolkit to help community banks celebrate in...

Apr 08, 2021
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Article

CFPB reaches settlement with Settlelt

CFPB reaches settlement with Settlelt The Consumer Financial Protection Bureau announced a settlement with Settlelt over allegations that it engaged in unfair acts and practices. The complaint...

Apr 14, 2021
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Article
Compliance

FS-ISAC Coronavirus Update, April 14, 2021

FS-ISAC Coronavirus Update, April 14, 2021 More than two dozen states reacted quickly to Tuesday’s announcement by the Food and Drug Administration and the Centers for Disease Control and...

Apr 14, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

Visa U.S. Economic Outlook (April 2021)

Visa U.S. Economic Outlook (April 2021) Over the last month, the contours of growth for 2021 came into sharper focus. Nonfarm employment rose by 916,000 in March, while consumer confidence hit its...

Apr 13, 2021
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Article

Biden to nominate national cyber director and CISA director

Biden to nominate national cyber director and CISA director President Joe Biden announced his intent to nominate Chris Inglis as National Cyber Director and Jen Easterly as the Director of the...

Apr 13, 2021
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Article
Cybersecurity

FS-ISAC Coronavirus Update, April 13, 2021

FS-ISAC Coronavirus Update, April 13, 2021 The US reported an 8% rise in new cases to 490,000 last week, the fourth week in a row that infections have increased, according to a Reuters analysis of...

Apr 13, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

Agencies issue joint statement on BSA/AML compliance

Agencies issue joint statement on BSA/AML compliance Federal regulators issued a joint statement addressing how risk management principles in “Supervisory Guidance on Model Risk Management” relate...

Apr 12, 2021
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Article
Bank Secrecy Act/Anti-Money Laundering Act (BSA/AML) Compliance

ICBA to USDA: Ensure loan payoffs don’t harm lenders, purchasers

ICBA to USDA: Ensure loan payoffs don’t harm lenders, purchasers ICBA called on the USDA to ensure lenders are compensated for lost income as it prepares to pay off direct and guaranteed farm loans...

Apr 12, 2021
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Article
Agriculture

ICBA urges improvements to EIP delivery

ICBA urges improvements to EIP delivery ICBA and other groups recommended improvements to how the IRS issues Economic Impact Payments. ICBA and other groups recommended improvements to how the IRS...

Apr 09, 2021
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Article
Advocacy Crisis Preparedness Lending

FS-ISAC Coronavirus Update, April 9, 2021

FS-ISAC Coronavirus Update, April 9, 2021 About a quarter of adults in the US - more than 66 million people - are now fully vaccinated against Covid-19, according to data published Thursday by the...

Apr 09, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

IntraFi Network Ranked #1 2021 "Best Fintech To Work For" by American Banker

IntraFi Network Ranked #1 2021 "Best Fintech To Work For" by American Banker The recently rebranded firm finished ahead of 48 other finalists IntraFi® NetworkSM, the inventor of reciprocal deposits...

Apr 08, 2021
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Article

CFPB proposes delaying debt collection rules

CFPB proposes delaying debt collection rules The Consumer Financial Protection Bureau proposed delaying the effective date of two recent debt collection rules to provide more time to comply. The...

Apr 08, 2021
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Article
Compliance Compliance

FS-ISAC Coronavirus Update, April 7, 2021

FS-ISAC Coronavirus Update, April 7, 2021 Following a dip in daily case numbers due to Easter Sunday, when many states did not report coronavirus data, a Johns Hopkins University tracker shows the...

Apr 07, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

Senate Republicans urge CBLR relief extension

Senate Republicans urge CBLR relief extension Senate Banking Committee Republicans led by Sen. Mike Crapo (R-Idaho) called on federal regulators to use their authority to extend the 8 percent...

Apr 06, 2021
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Article
Advocacy Crisis Preparedness Lending

FS-ISAC Coronavirus Update, April 8, 2021

FS-ISAC Coronavirus Update, April 8, 2021 The US is currently averaging 785 daily deaths over the last seven days - down 21% since last week, according to data compiled by Johns Hopkins University,...

Apr 08, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

ICBA, Coalition Oppose New Restrictions on Fannie, Freddie

ICBA, Coalition Oppose New Restrictions on Fannie, Freddie The Independent Community Bankers of America (ICBA) and other financial, mortgage, and civil rights groups today are calling on the...

Apr 07, 2021
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Article
Housing Finance/GSEs

SBA warns of PPP funding crunch

SBA warns of PPP funding crunch The SBA is warning Congress that the recently extended Paycheck Protection Program is starting to run low on funds with nearly two months left for borrowers to...

Apr 07, 2021
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Article

ICBA urges delay in GSE product restrictions

ICBA urges delay in GSE product restrictions ICBA and other groups called on Treasury Secretary Janet Yellen and FHFA Director Mark Calabria to delay product and program restrictions for Fannie Mae...

Apr 07, 2021
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Article
Housing Finance/GSEs

ICBA backs BSA/AML relief bill

ICBA backs BSA/AML relief bill ICBA expressed support for legislation to raise the currency transaction reporting and Suspicious Activity Reporting thresholds to $30,000 and $10,000, respectively....

Apr 07, 2021
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Article
Bank Secrecy Act/Anti-Money Laundering Act (BSA/AML)