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Fed to launch CECL tool for community banks
Fed to launch CECL tool for community banks The Federal Reserve said it will release a new tool this month to help community banks implement the Current Expected Credit Losses accounting standard....
FinCEN issues AML/CFT priorities
FinCEN issues AML/CFT priorities The Financial Crimes Enforcement Network issued the first government-wide priorities for anti-money-laundering and counter-financing-terrorism policy. The Financial...
CFPB reports on 2020 consumer reporting, servicing violations
CFPB reports on 2020 consumer reporting, servicing violations The Consumer Financial Protection Bureau issued a report highlighting legal violations identified by bureau examinations in 2020. The...
As Credit Union-Bank Acquisitions Accelerate, ICBA Urges Congressional Hearings
As Credit Union-Bank Acquisitions Accelerate, ICBA Urges Congressional Hearings The Independent Community Bankers of America today reinforced its call for Congress to investigate tax-exempt credit...
Ransomware renewing agency crypto response: blog
Ransomware renewing agency crypto response: blog Escalating attacks against critical infrastructure are bringing renewed focus to the role of cryptocurrencies in facilitating criminal activity,...
ICBA Services Network Announces New Community Banker Board Members
ICBA Services Network Announces New Community Banker Board Members ICBA Services Network, the business services subsidiary of ICBA, today announced the appointments of several high-profile...
Georgia Community Banker Named Chairman of ICBA Securities Board of Directors
Georgia 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...
Farm Credit System loan volume jumps 10%
Farm Credit System loan volume jumps 10% The Farm Credit Administration released its quarterly report on the ag economy and the performance of the Farm Credit System, whose growth is largely...
ICBA Supports Senate Bill Offering Tax Relief for Rural Lending
ICBA Supports Senate Bill Offering Tax Relief for Rural Lending The Independent Community Bankers of America today expressed its strong support for the Senate introduction of the Enhancing Credit...
IRS enables direct deposit updates for Child Tax Credit payments
IRS enables direct deposit updates for Child Tax Credit payments The IRS upgraded an online tool to enable families to update their bank account information so they can receive their monthly Child...
Vanessa Hanson Joins ICBA Marketing and Communications Department as Director of Digital and Social Engagement
Vanessa Hanson Joins ICBA Marketing and Communications Department as Director of Digital and Social Engagement The Independent Community Bankers of America (ICBA), announced today the hire of...
HUD proposes restoring ‘disparate impact’ rule
HUD proposes restoring ‘disparate impact’ rule The Department of Housing and Urban Development recently proposed rescinding its 2020 rule interpreting the Fair Housing Act’s "disparate impact"...
HMDA relief reflected in 2020 reporting data
HMDA relief reflected in 2020 reporting data The Federal Financial Institutions Examination Council released 2020 Home Mortgage Disclosure Act data showing the impact of regulatory relief on HMDA...
ICBA Provides Tips for Preventing Elder Financial Abuse
ICBA Provides Tips for Preventing Elder Financial Abuse June 15 is World Elder Abuse Awareness Day, and the Independent Community Bankers of America and its subsidiary, the Senior Housing Crime...
Ohio Community Banker to Chair ICBA Reinsurance Board of Directors
Ohio Community Banker to Chair ICBA Reinsurance Board of Directors ICBA Reinsurance, the captive reinsurance company of the Independent Community Bankers of America, today announced the election of...
Basel regulators begin vetting crypto capital rules
Basel regulators begin vetting crypto capital rules The Basel Committee on Banking Supervision published a public consultation document with preliminary proposals for the prudential treatment of...
FS-ISAC Coronavirus Update, June 11, 2021
FS-ISAC Coronavirus Update, June 11, 2021 As the G7 summit kicks off, the US has pledged 500 million doses of vaccine to be given to lower-income countries to help combat the coronavirus pandemic....
IRS issues another 2.3M EIPs
IRS issues another 2.3M EIPs The IRS said it disbursed more than 2.3 million additional Economic Impact Payments over the past two weeks. The latest batch includes those with official payment dates...
FS-ISAC Coronavirus Update, June 9, 2021
FS-ISAC Coronavirus Update, June 9, 2021 Declines in US Covid-19 cases, emergency department visits, hospital admissions and deaths were largest in age groups that were most vaccinated. according...
ICBA to Congress: Postal banking not the answer
ICBA to Congress: Postal banking not the answer ICBA told Congress that postal banking is not the solution to reaching more unbanked Americans and lawmakers should reject such proposals. ICBA told...
FS-ISAC Coronavirus Update, June 10, 2021
FS-ISAC Coronavirus Update, June 10, 2021 The seven-day average of daily US infections held below 15,000 as of Tuesday, according to data compiled by Johns Hopkins University, down 17% from a week...
Crapo challenges new bank IRS reporting proposal
Crapo challenges new bank IRS reporting proposal Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) pushed back against a Biden administration proposal that would require financial...
ICBA continues push against House ‘true lender’ repeal
ICBA continues push against House ‘true lender’ repeal ICBA and other groups again urged in a joint letter to House members their opposition to a Senate-passed resolution to repeal the OCC’s “true...
Swap guidance continues LIBOR transition
Swap guidance continues LIBOR transition A Commodity Futures Trading Commission panel recommended best practices for switching interdealer trading conventions from LIBOR to the Secured Overnight...
CFPB issues FAQ on EFT and Reg E
CFPB issues FAQ on EFT and Reg E The Consumer Financial Protection Bureau issued frequently asked questions on unauthorized transfer and error resolution provisions under the Electronic Fund...
IRS begins contacting families on Child Tax Credit
IRS begins contacting families on Child Tax Credit The IRS said it started sending letters to more than 36 million American families who may be eligible to receive monthly Child Tax Credit payments...
ICBA releases new elder abuse awareness resources
ICBA releases new elder abuse awareness resources ICBA released customizable resources to help community banks recognize World Elder Abuse Awareness Day next week. ICBA released customizable...
FS-ISAC Coronavirus Update, June 8, 2021
FS-ISAC Coronavirus Update, June 8, 2021 People who have been vaccinated against coronavirus are more than 90% protected against infection and, if they do become infected, they have milder disease...
ICBA requests more time for interchange feedback
ICBA requests more time for interchange feedback ICBA and other groups called on the Federal Reserve Board of Governors to grant a 30-day extension for its Notice of Proposed Rule Making on Debit...
ICBA updates data privacy guide
ICBA updates data privacy guide ICBA recently released an updated guide for community banks on data privacy laws and regulations. The guide walks community bankers through some of the more...
ICBA to OCC: Rescind charter policy shift
ICBA to OCC: Rescind charter policy shift ICBA and other groups wrote to request the OCC rescind its interpretive letter expanding eligibility to apply for a national trust charter as well as the...
Nick Denning Joins ICBA Bancard as Senior Vice President, Payments Industry Relations
Nick Denning Joins ICBA Bancard as Senior Vice President, Payments Industry Relations ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America, announced the...
ICBA Offers Tips to Help Demystify the Home Buying Process
ICBA Offers Tips to Help Demystify the Home Buying Process In recognition of National Homeownership Month in June, ICBA and the nation’s community banks are reminding consumers to consult their...
ICBA updates data privacy guide
ICBA updates data privacy guide ICBA this week released an updated guide for community banks on data privacy laws and regulations. The guide is available here and in the Cyber and Data Security...
CFPB: Manufactured housing borrowers have higher interest rates
CFPB: Manufactured housing borrowers have higher interest rates Roughly 42 percent of loans for manufactured homes are secured by “chattel” loans secured by the home but not the land, according to...
ICBA, Minority Bank Council: Housing Finance Amendments Hurt Low-Income, Minority Borrowers
ICBA, Minority Bank Council: Housing Finance Amendments Hurt Low-Income, Minority Borrowers ICBA and its Minority Bank Advisory Council urged the Treasury Department and Federal Housing Finance...
ICBA urges House to oppose ‘true lender’ repeal
ICBA urges House to oppose ‘true lender’ repeal ICBA and other groups today are urging House members to oppose a Senate-passed resolution to repeal the OCC’s “true lender” rule. ICBA and other...
FS-ISAC Coronavirus Update, May 24, 2021
FS-ISAC Coronavirus Update, May 24, 2021 A new study conducted between April and May led by Public Health England has found that two doses of either the Pfizer-BioNTech or AstraZeneca-University of...
GAO urges agency collaboration re: alternative data use
GAO urges agency collaboration re: alternative data use The Government Accountability Office reissued its recommendation to the FDIC for enhanced collaboration with other financial regulators...
ICBA, Independent Banker Spotlights Community Bank Emerging Leaders in Annual 40 under 40 List
ICBA, Independent Banker Spotlights Community Bank Emerging Leaders in Annual 40 under 40 List Independent Banker magazine, the award-winning monthly publication of the Independent Community...