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DOJ sues to block Visa acquisition of Plaid

DOJ sues to block Visa acquisition of Plaid The Justice Department sued Visa to stop its $5.3 billion acquisition of Plaid, a fintech firm. The DOJ said Visa is a monopolist in online debit...

Nov 06, 2020
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Article
Fintech Regulation

ICBA raises questions over CDFI proposal

ICBA raises questions over CDFI proposal ICBA expressed concern with a CDFI Fund proposal that would diminish the number of Community Development Financial Institutions and threaten the survival of...

Nov 06, 2020
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Article
Community Reinvestment Act (CRA)

Unlimited webinars for educational binge-watching

Unlimited webinars for educational binge-watching Community Banker University's Unlimited Webinar Pass helps community bankers keep up with emerging trends and regulatory issues by offering...

Nov 05, 2020
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Article

EIDL-PPP grassroots push continues

EIDL-PPP grassroots push continues While ICBA works with policymakers to address Economic Injury Disaster Loan Advance deductions from PPP forgiveness amounts, it continues encouraging community...

Nov 04, 2020
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Article
Advocacy Crisis Preparedness

ICBA keeps up EIDL push as pressure rises

ICBA keeps up EIDL push as pressure rises ICBA is urging community bankers to direct borrowers to ICBA's small-business alert addressing Economic Injury Disaster Loan Advance deductions from PPP...

Nov 03, 2020
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Article

Senator ups pressure to address EIDL-PPP conflict

Senator ups pressure to address EIDL-PPP conflict Sen. Steve Daines (R-Mont.) called on Senate Small Business Committee leaders to resolve the conflict between Economic Injury Disaster Loan...

Nov 02, 2020
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Article

Coin Task Force seeks survey responses

Coin Task Force seeks survey responses The U.S. Coin Task Force is seeking feedback on a five-minute survey on coin circulation disruptions. Survey responses are due by close of business Wednesday,...

Nov 04, 2020
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Article
Advocacy

ICBA releasing election analysis tomorrow

ICBA releasing election analysis tomorrow With Election Day polls closing tonight, ICBA tomorrow will release an analysis on the 2020 election results and what they mean for community banks. With...

Nov 03, 2020
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Article

Fed increases access to Main Street Lending Program

Fed increases access to Main Street Lending Program The Federal Reserve Board reduced the minimum loan size for its Main Street Lending Program from $250,000 to $100,000 and adjusted fees to...

Nov 02, 2020
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Article

CFPB issues debt-collection rule with ICBA-advocated change

CFPB issues debt-collection rule with ICBA-advocated change The Consumer Financial Protection Bureau issued a final rule to implement the Fair Debt Collection Practices Act, which restricts debt...

Nov 02, 2020
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Article
Compliance Compliance

Agencies propose regulation on supervisory guidance

Agencies propose regulation on supervisory guidance Federal financial regulators invited comment on a proposal outlining and confirming the agencies’ use of supervisory guidance for regulated...

Oct 30, 2020
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Article
Regulatory Relief

Checks decline at faster pace as alternative payments grow: Fed

Checks decline at faster pace as alternative payments grow: Fed The Federal Reserve Board said the number of checks issued from 2015 to 2018 declined by 8.2 percent per year, a faster pace than the...

Oct 30, 2020
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Article
Federal Reserve

Alex Galeano Joins ICBA as SEVP and Chief Financial Officer

Alex Galeano Joins ICBA as SEVP and Chief Financial Officer The Independent Community Bankers of America today announced that Alex Galeano has joined the organization as senior executive vice...

Oct 28, 2020
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Article

Senate bill responds to ICBA asset-threshold push

Senate bill responds to ICBA asset-threshold push New legislation introduced by Sen. Mike Lee (R-Utah) is designed to protect borrowers and lenders from regulatory penalties associated with the...

Oct 28, 2020
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Article
Advocacy Crisis Preparedness Lending

ICBA-Backed Bill Stops Unintended Regulations from PPP Lending

ICBA-Backed Bill Stops Unintended Regulations from PPP Lending ICBA and the nation's community banks support new legislation that would prevent regulatory penalties for community banks with $15...

Oct 26, 2020
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Article
Advocacy Crisis Preparedness Lending

Proposal would expand BSA recordkeeping

Proposal would expand BSA recordkeeping The Financial Crimes Enforcement Network and Federal Reserve Board invited comment on a proposed rule that would amend Bank Secrecy Act recordkeeping and...

Oct 26, 2020
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Article
Compliance Compliance

Grassroots on EIDL advances continues

Grassroots on EIDL advances continues ICBA continues urging community bankers to direct borrowers to ICBA's small-business alert addressing Economic Injury Disaster Loan Advance deductions from PPP...

Oct 30, 2020
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Article

Venminder Exchange Offers Thousands of Vendor Risk Assessments Performed by Certified Venminder Experts

Venminder Exchange Offers Thousands of Vendor Risk Assessments Performed by Certified Venminder Experts Venminder, an industry recognized provider of third-party risk management solutions, today...

Oct 29, 2020
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Article

Passageways Invests in Global Organizations Recovering from COVID-19 Disruption by Offering 90 Days of Free Access to OnBoard

Passageways Invests in Global Organizations Recovering from COVID-19 Disruption by Offering 90 Days of Free Access to OnBoard Passageways announced that new accounts are eligible to receive 3...

Oct 29, 2020
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Article

Romero Rainey: Grassroots needed on EIDL-PPP

Romero Rainey: Grassroots needed on EIDL-PPP ICBA President and CEO Rebeca Romero Rainey called on community bankers to contact Congress and engage small-business customers on the growing conflict...

Oct 28, 2020
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Article

Court blocks ICBA-backed 'disparate impact

Court blocks ICBA-backed 'disparate impact A federal court this week blocked implementation of HUD's ICBA-supported final rule amending its interpretation of the Fair Housing Act’s "disparate...

Oct 28, 2020
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Article
U.S. Department of Housing and Urban Development (FHA/HUD) Housing Finance/GSEs

ICBA continues push on EIDL advances

ICBA continues push on EIDL advances ICBA continues calling on community bankers to direct borrowers to ICBA's small-business alert addressing Economic Injury Disaster Loan Advances from borrower...

Oct 23, 2020
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Article
Advocacy Crisis Preparedness Lending

Promontory Interfinancial Network Changes Name to IntraFi Network

Promontory Interfinancial Network Changes Name to IntraFi Network IntraFi Network has built the nation’s largest deposit network, chosen by more than 3,000 financial institutions. The company was...

Oct 21, 2020
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Article

ICBA PPP video promotion continues on social media

ICBA PPP video promotion continues on social media ICBA is urging community bankers to retweet and share on social media its ongoing series of videos featuring Paycheck Protection Program borrowers...

Oct 23, 2020
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Article
Advocacy Crisis Preparedness Lending

Senators join ICBA opposition to securities filings change

Senators join ICBA opposition to securities filings change A group of Senate Banking Committee members joined ICBA in opposing the Securities and Exchange Commission's proposal to raise the...

Oct 23, 2020
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Article
Securities Exchange Commission (SEC)

ICBA Letter Regarding the Heroes Small Business Lifeline Act

ICBA Letter Regarding the Heroes Small Business Lifeline Act The HEROES Small Business Lifeline Act (S. 4818) is a welcome effort which reflect certain community bank priorities. ICBA will continue...

Oct 21, 2020
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Article
Advocacy Crisis Preparedness Lending

Finastra honored with 2020 Microsoft US Partner award

Finastra honored with 2020 Microsoft US Partner award Finastra today announced it has been honored with a 2020 Microsoft US Partner Award in the category of Financial Services. The MSUS Award...

Oct 21, 2020
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Article

Finastra integrates Optimal Blue live pricing into Fusion MortgagebotPOS

Finastra integrates Optimal Blue live pricing into Fusion MortgagebotPOS Finastra has integrated Optimal Blue into its Fusion MortgagebotPOS solution, enabling banks to provide mortgage applicants...

Oct 21, 2020
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Article

FDIC responds to ICBA push on asset thresholds

FDIC responds to ICBA push on asset thresholds The FDIC issued an ICBA-advocated interim rule adjusting regulatory asset thresholds for community banks to mitigate costs from their sizable Paycheck...

Oct 21, 2020
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Article

ICBA hosting PPP webinar today

ICBA hosting PPP webinar today ICBA is scheduled to host a complimentary Paycheck Protection Program webinar at 11:30 a.m. EST today. Staff experts will answer questions and discuss streamlined PPP...

Oct 20, 2020
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Article

Finastra launches Fusion Mortgagebot Data Insights to help financial institutions optimize their mortgage business

Finastra launches Fusion Mortgagebot Data Insights to help financial institutions optimize their mortgage business Finastra has launched Fusion Mortgagebot Data Insights – a powerful new tool that...

Oct 21, 2020
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Article

Grassroots continues ahead of Senate PPP vote

Grassroots continues ahead of Senate PPP vote With the Senate scheduled to vote today on a stimulus package that includes ICBA-advocated PPP forgiveness simplification, ICBA is calling on community...

Oct 21, 2020
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Article

ICBA-Advocated FDIC Rule Ensures Community Banks Not Inadvertently Punished for PPP Leadership

ICBA-Advocated FDIC Rule Ensures Community Banks Not Inadvertently Punished for PPP Leadership Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued a statement on...

Oct 20, 2020
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Article

FHFA again extends forbearance purchases

FHFA again extends forbearance purchases The Federal Housing Finance Agency said Fannie Mae and Freddie Mac will extend from Oct. 31 to Nov. 30 the deadline on buying qualified loans in forbearance...

Oct 20, 2020
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Article
Federal Housing Finance Agency Housing Finance/GSEs

OCC: Take PPP accounting concerns to FASB

OCC: Take PPP accounting concerns to FASB The OCC encouraged ICBA to take community bank concerns over the PPP's complex accounting arrangement to the Financial Accounting Standards Board. The OCC...

Oct 20, 2020
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Article

ICBA continues PPP video series

ICBA continues PPP video series ICBA continues its series of videos featuring small-business owners who successfully received PPP loans from community banks. The series on the updated...

Oct 16, 2020
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Article

PPP grassroots continues ahead of Senate votes

PPP grassroots continues ahead of Senate votes With the Senate bringing two separate measures that include PPP forgiveness simplification to a vote starting today, ICBA continues calling on...

Oct 20, 2020
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Article
Advocacy Crisis Preparedness Lending

SBA PPP Guidance Includes Simplified Processes, Borrower Notification, and EIDL Advance Deductions

SBA PPP Guidance Includes Simplified Processes, Borrower Notification, and EIDL Advance Deductions ICBA released a summary of recent Paycheck Protection Program guidance, including a simplified...

Oct 20, 2020
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Article
Advocacy Crisis Preparedness Lending

SBA offers EIDL info on PPP platform

SBA offers EIDL info on PPP platform Information on Economic Injury Disaster Loan advances is now available on the Paycheck Protection Program Forgiveness Platform for submitted decisions, the SBA...

Oct 16, 2020
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Article
Advocacy Crisis Preparedness Lending

ICBA continues PPP pressure as Senate plans vote

ICBA continues PPP pressure as Senate plans vote ICBA called on Senate Majority Leader Mitch McConnell (R-Ky.) to include Paycheck Protection Program forgiveness simplification in pending stimulus...

Oct 16, 2020
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Article
Advocacy Crisis Preparedness Lending