Search
FDIC issues guidance on interactive teller machines
The FDIC issued guidance on whether the use of interactive teller machines at a location other than an established branch facility would require banks to file a domestic branch application.
ICBA requests comment extension on bank-fintech arrangements
ICBA and other groups requested a 30-day extension to the comment period for the regulatory agencies’ request for information on bank-fintech arrangements.
Independent Banker deciphers FHFA credit score transition
A new Independent Banker article breaks down the Federal Housing Finance Agency’s new credit scoring requirements for Fannie Mae and Freddie Mac and ICBA’s concerns with the models.
OCC: Banks affected by Hurricane Debby can close
The OCC issued a proclamation allowing national banks, federal savings associations, and federal branches to close offices in areas of Maryland, North Carolina, South Carolina, Virginia, and...
ICBA continues call for 1033 exemption in new article
The Consumer Financial Protection Bureau should exempt banks with less than $850 million in assets from its pending rule on sharing consumer financial data, ICBA told American Banker.
ICBA urges Congress to advance community bank tax priorities
ICBA urged members of the House Ways and Means Committee Tax Teams to advance several community banking industry tax initiatives as they craft priorities for tax legislation in 2025.
Agencies request comment on data collection proposal
Federal financial regulators requested comment on a proposed rule that would establish data standards for certain information collections submitted to the agencies.
EGRPRA outreach meeting registration closes Friday
ICBA encourages community bankers interested in providing oral comments at federal regulators’ virtual public outreach meeting on banking regulations to register by this Friday’s deadline.
IRS reports problems with crypto tax enforcement
Digital asset seizure values have grown exponentially, topping $7 billion in 2022, but compliance enforcement with virtual currency is difficult, according to a new Treasury Department report.
FinCEN official: Beneficial ownership reporting only takes 20 minutes to complete
Financial Crimes Enforcement Network Deputy Director Jimmy Kirby said most companies should be able to file beneficial ownership information reporting quickly and without the help of an attorney or...
ICBA: Fed has discretion to deny master account access
ICBA told a U.S. appellate court that federal law provides the Federal Reserve Banks with the discretion to deny or grant master account access.
EGRPRA outreach meeting registration closes tomorrow
ICBA encourages community bankers interested in providing oral comments at federal regulators’ virtual public outreach meeting on banking regulations to register by tomorrow’s deadline.
Independent Banker: What community banks can learn from behavioral economics
Research into behavioral economics has generated insights on how consumers make decisions, which can help community banks meet the needs of customers, according to the latest issue of Independent...
EGRPRA outreach meeting registration closes Friday
ICBA encourages community bankers interested in providing oral comments at federal regulators’ virtual public outreach meeting on banking regulations to register by this Friday’s deadline.
FHA publishes final rule on engagement with mortgagors in default
The Federal Housing Administration published a final rule to update a HUD regulation that requires mortgagees to meet in person with borrowers who are in default on their mortgage payments.
ICBA objects to FCC using Weiss Ratings for access to certain programs
ICBA told the Federal Communications Commission that Weiss Ratings is ill-suited for use as a gatekeeper for certain FCC programs.
OCC: Banks in Florida, Georgia affected by Hurricane Debby can close
The OCC issued a proclamation allowing national banks, federal savings associations, and federal branches to close offices in areas of Florida and Georgia affected by Hurricane Debby.
Ohio Community Banker Named TCM Bank Chairman
TCM Bank, N.A., the credit card bank of ICBA Payments, announced the election of new board members.
ICBA: New FHLBank lending restrictions will reduce access to home loans
A recent Federal Home Loan Bank of New York decision to impose new reporting requirements on member banks will restrict access to home loans, ICBA said.
ICBA continues seeking feedback on check fraud
ICBA continues encouraging community bankers to share their experiences and input on the challenge of check fraud.
ICBA: New Federal Home Loan Bank Lending Restrictions Will Harm Access to Home Loans
The Independent Community Bankers of America (ICBA) today issued the following statement on the Federal Home Loan Bank of New York’s recent announcement that it will restrict lending by its member...
ICBA: FHLBanks’ mission should not be changed
ICBA told the Federal Housing Finance Agency that the Federal Home Loan Banks’ mission is clear and does not need to be substantially changed or clarified.
FDIC holding second signage webinar for bank officers
The FDIC this month is scheduled to hold the second of four webinars for bank officers and employees on its final rule governing the usage of official FDIC signs, advertising, name, logo, and more.
Comments on FHLBank system mission review due today
Today is the deadline for community bankers and others to submit comments on the Federal Housing Finance Agency’s request for input on the mission of the Federal Home Loan Bank System.
AT&T discloses customer data breach
AT&T released a statement on unauthorized access of customer data from a third-party cloud platform.
FDIC nominee: Community banks are the lifeblood of many communities
The Biden administration’s nominee for FDIC chair—Christy Goldsmith Romero—told Congress she gained a great appreciation for community banks during her time at the Office of the Special Inspector...
Input on FHLBank system mission review due Monday
Monday is the deadline for community bankers and others to submit comments on the Federal Housing Finance Agency’s request for input on the mission of the Federal Home Loan Bank System.
CFPB proposes mortgage servicing rule
The Consumer Financial Protection Bureau issued a proposed rule to amend mortgage servicing rules under Regulation X.
CFPB says it will consider eliminating credit card late fee safe harbor
The Consumer Financial Protection Bureau said it plans to assess whether to eliminate the credit card late fee safe harbor under Regulation Z.
Fed researchers: Banks that share name with failed institutions experience loss of business
Federal Reserve researchers said banks that share their name with a failed bank experience a half-percent drop in transaction deposits relative to banks with similar characteristics but different...
FHFA releases VantageScore 4.0 credit scores
The Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac are making historical VantageScore 4.0 credit scores available to approved users to support the transition to updated...
Megabank group urges IG to investigate community bank assessment exemption
The Bank Policy Institute called on the FDIC Office of the Inspector General to investigate the FDIC’s recent special assessment, which exempted the vast majority of community banks.
Comptroller lauds ICBA’s check fraud efforts
Acting Comptroller of the Currency Michael Hsu highlighted the formation of ICBA’s Check Fraud Task Force as an important step in addressing financial fraud.
Fed’s Powell: Regulators should issue new Basel III Endgame proposal
Federal Reserve Chairman Jerome Powell told Congress that regulators should issue a revised Basel III Endgame proposal.
Bowman: Banks well-positioned to support financial inclusion
The U.S. banking system is well-positioned to bring consumers into the financial mainstream by providing innovative solutions to meet their credit needs, Federal Reserve Governor Michelle Bowman said.
FinCEN updates beneficial ownership FAQs
The Financial Crimes Enforcement Network updated its beneficial ownership information frequently asked questions to include responses to questions about entities that have ceased to exist.
NCUA budgets far fewer exam hours than FDIC: inspector general
Credit unions have a much easier time with exams, according to a report by the National Credit Union Administration’s inspector general.
Independent Banker spotlights importance of change management
As new technologies and solutions ebb and flow, change-management strategies are critical to ensure community bank success, according to the latest Independent Banker.
Fed to Congress: No rate cut until inflation comes down
The Federal Reserve does not plan to reduce target interest rates until inflation comes down more, according to its latest Monetary Policy Report to Congress.
Senate hearing this week on FDIC chair nomination
Senate hearing this week on FDIC chair nomination.
ICBA ThinkTECH Accelerator Showcase Hosted at Graduate School of Banking at Colorado
ICBA announced its upcoming ICBA ThinkTECH Accelerator program Showcase will take place at the Graduate School of Banking at Colorado (GSBC).
ICBA to CISA: Exempt community banks from cyber reporting proposal
ICBA called on the Cybersecurity and Infrastructure Security Agency to exempt community banks from new cyber reporting rules.
Basel Committee moves forward on crypto standards
The Basel Committee on Banking Supervision announced that it has reviewed the comments on its proposed crypto asset exposure disclosure and amendments to its standard on banks’ exposure to crypto...
Treasury proposes expanded jurisdiction over transactions near military installations
The Treasury Department proposed a rule to add military installations across 30 states to its jurisdiction over transactions by foreign persons in the U.S.
Best Community Banks to Work For nominations due today
Nominations for Independent Banker magazine’s 2024 Best Community Banks to Work For awards are due today. Eligible community banks must submit nominations by 11:59 p.m. (Eastern time).
ICBA: FinCEN underestimates suspicious activity reporting burden
The Financial Crimes Enforcement Network underestimates the amount of time and resources community banks dedicate to reporting suspicious activity, ICBA told the agency.
CISA adds cyberattack vulnerability to catalog
The Cybersecurity and Infrastructure Security Agency added the Cisco NX-OS Command Injection Vulnerability to its Known Exploited Vulnerabilities Catalog.
CFPB spotlights violations from recent exams
The CFPB said that its recent examinations revealed unfair, deceptive, or abusive acts at companies servicing auto loan and student loans; Fair Debt Collection Practices Act violations by debt...
Independent Banker showcases top lenders of 2024
This month’s Independent Banker magazine recognizes the top lenders of 2024, the top community bank loan producers based on 2023 FDIC data.
ICBA Independent Banker Recognizes Community Banks in Top Lenders List
Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America® (ICBA), has announced its 2024 Top Lenders.
ICBA: Government Underestimates Suspicious Activity Reporting Burden
The federal government underestimates the amount of time and resources community banks dedicate to reporting suspicious activity, the Independent Community Bankers of America (ICBA) told the...
Op-ed: Credit unions unfairly using tax breaks
Large credit unions are using the savings from their federal tax exemption to acquire taxpaying community banks at an alarming rate, Mississippi Bankers Association President and CEO Gordon Fellows...
Agencies release updated mortgage survey data
The Consumer Financial Protection Bureau and Federal Housing Finance Agency published updated loan-level data collected through the National Survey of Mortgage Originations.
ICBA Services Network Appoints Ohio Community Banker as New Chairman
ICBA Services Network, the business-services subsidiary of ICBA, today announced the election of Shon Myers, chairman, president and CEO of Farmers & Merchants Bank in Miamisburg, Ohio, as chairman...
Fed’s Bowman cites concerns with credit union bank acquisitions
Federal Reserve Governor Michelle Bowman raised concerns with credit union acquisitions of banks, noting the tax-exempt financial firms are exempt from the Community Reinvestment Act.
ICBA urges senators to co-sponsor bill to close ILC loophole
ICBA urged senators to co-sponsor ICBA-advocated legislation to permanently close the industrial loan company loophole.
GM withdraws ILC charter application
General Motors withdrew its ICBA-opposed application for deposit insurance, suspending its bid to form an industrial loan company.
Sen. Stabenow: It’s time to pass a farm bill
Senate Agriculture Committee Chair Debbie Stabenow (D-Mich.) called for negotiations on the next farm bill.
Fed’s Bowman recommends Basel III Endgame changes
Federal Reserve Governor Michelle Bowman said she sees a path forward for implementing proposed Basel III Endgame capital rules that addresses concerns with their effectiveness and efficiency.
New ICBA podcast on check fraud
The latest episode of ICBA’s “Independent Banker” podcast, sponsored by FIS, discusses why check fraud has become such a problem.