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Chopra: CFPB’s 1033 proposal coming next month
The Consumer Financial Protection Bureau next month will propose standards for sharing consumer financial data, CFPB Director Rohit Chopra said.
Community bank net income rises 3.4% in Q2
Community banks reported a 3.4% second-quarter increase in net income from the previous quarter and a 0.7% increase from the same period a year ago, according to the FDIC’s latest Quarterly Banking...
FDIC launching new site for consumer compliance, CRA exam activities
The FDIC said it will launch a new Banker Engagement Site through FDICconnect this month for examination-related activities.
ICBA conducting Marketing and Communications Toolkit survey
ICBA is conducting a survey to learn how member community bankers use its "Tell Your Story" Marketing and Communications Toolkit to help elevate and distinguish community banking in the hearts and...
ICBA Honors 2023 National Community Bank Service Award Recipients
ICBA today announced the winners of its 2023 National Community Bank Service Awards in recognition of the creative and exemplary efforts of the nation’s community banks to help their local...
ICBA Seeks Information from Federal Credit Union Agency on Rakuten Charter Application
ICBA today asked the National Credit Union Administration to provide information on whether Rakuten Inc. has applied for a federal credit union charter or for insurance under the agency’s Share...
New tool ensures advertising regulatory compliance
The Check Your Ad Program, a new tool from Community Banker University, takes the guesswork out of advertising regulatory compliance.
ICBA Foundation continues raising funds for Maui wildfire relief
The ICBA Foundation Disaster Relief Program continues requesting tax-deductible donations to assist community banks and employees affected by a recent series of deadly wildfires on the Hawaiian...
Agencies address supervisory practices for institutions affected by Hurricane Idalia
Federal and state financial regulators issued a joint statement saying they recognize the serious impact of Hurricane Idalia on the customers and operations of many financial institutions and will...
ICBA continues advocacy push as Congress return
With Congress back in Washington from its August recess, ICBA continues encouraging community bankers to use its grassroots alerts and customizable resources on various pressing advocacy issues.
ICBA: Five Credit Union Acquisitions of Taxpaying Community Banks in One Week Demands Congressional Action
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on recent acquisitions of taxpaying community banks by tax-exempt credit unions.
Senators urge CFPB to grant nationwide stay of 1071 rule
Sen. John Kennedy (R-La.) and seven other Senate Banking Committee members asked the Consumer Financial Protection Bureau to issue a nationwide stay of its Section 1071 rule amid a pending court...
ICBA Foundation continues raising funds for Maui wildfire relief
The ICBA Foundation Disaster Relief Program continues requesting tax-deductible donations to assist community banks and employees affected by a recent series of deadly wildfires on the Hawaiian...
New ICBA podcast on budgeting for innovation
The latest episode of ICBA’s “Independent Banker” podcast spotlights how to budget for innovation and find the right fintech partners.
ICBA Commends FDIC for Proposing New Debt Requirements for Large Banks
The Independent Community Bankers of America (ICBA) today commended the Federal Deposit Insurance Corp. board of directors for proposing debt requirements for banks over $100 billion in assets.
ICBA urges agencies to ensure access to automated real estate valuation models
ICBA called on federal regulators to avoid disincentivizing the use of automated valuation models, or AVMs, which mortgage lenders use to value real estate collateral.
New agency fact sheet details quantum computer threat
The Cybersecurity and Infrastructure Security Agency and other agencies issued a fact sheet on the capabilities of quantum computers, which pose new security threats to existing information systems.
ICBA Foundation activates to raise funds for Maui wildfire relief
The ICBA Foundation Disaster Relief Program is requesting tax-deductible donations to assist community banks and employees affected by a recent series of deadly wildfires on the Hawaiian island of...
FDIC amends Equal Housing Lender posters
The FDIC said it recently amended details of its Equal Housing Lender posters, which FDIC-supervised institutions are required by the Fair Housing Act to maintain in branches.
Amid series of credit union acquisitions, ICBA continues pressing Congress to act
Following several credit union acquisitions of community banks this week, ICBA repeated its call for Congress to investigate these taxpayer-subsidized deals.
ICBA offers custom 1071 resources
With Congress returning to Washington next week, ICBA continues encouraging community bankers to use its customizable resources to educate and engage their customers on the Consumer Financial...
CFPB reiterates plan to propose rules on data brokers
The Consumer Financial Protection Bureau reiterated its plan to propose new rules to prevent the misuse and abuse of consumer information collected by credit reporting companies and other data...
ICBA Provides Tips for Consumers Ahead of National Preparedness Month in September
In light of Hurricane Idalia and in observance of National Preparedness Month in September, ICBA and the nation's community banks are reminding consumers to take measures that can help speed up...
ICBA National Campaign Toolkit offers FAQs
The ICBA National Campaign Toolkit features numerous assets for community banks and state partners, including frequently asked questions on the campaign.
Court grants ICBA’s request to intervene in suit against CFPB
The U.S. District Court for the Southern District of Texas granted a request by ICBA, the Independent Bankers Association of Texas (IBAT), and Texas First Bank to intervene in the TBA v. CFPB case...
ICBA Community surpasses 1,200 members
ICBA Community continues to expand with more than 1,200 members and hundreds of conversations on a range of issues poised to shape the future of the community banking industry.
CFPB to propose rules governing data broker practices
The Consumer Financial Protection Bureau will propose new rules to prevent the misuse and abuse of consumer information collected by credit reporting companies and other data brokers.
Report: Credit card routing bill would cost consumers $11B in rewards
ICBA-opposed legislation to impose credit card routing restrictions would cost credit card users $11 billion in annual rewards, according to a new report from the Electronic Payments Coalition.
Bittrex to pay $24M to settle SEC exchange allegations
The Securities and Exchange Commission said crypto asset trading platform Bittrex Inc. and its former CEO, William Shihara, agreed to settle charges that they operated an unregistered national...
Custodia Bank launches in certain states
Special-purpose depository institution Custodia Bank said it has officially launched in certain states to serve U.S.-based business customers.
Agencies request feedback on secure open-source software
The Cybersecurity and Infrastructure Security Agency and other agencies issued a request for information on areas for prioritization to secure open-source software.
ICBA ThinkTECH Accelerator director profiled by BankBeat
ICBA ThinkTECH Accelerator Director Stephanie Foster, who joined ICBA in January to help plan and execute ICBA’s award-winning program, is the subject of a new profile in BankBeat.
ICBA request for 1071 relief makes headlines
ICBA’s actions to challenge the Consumer Financial Protection Bureau's Section 1071 final rule and seek injunctive relief for community banks is making headlines.
FHFA responds to ICBA concerns with new credit score models
The Federal Housing Finance Agency said it is considering adjustments to its plan for transitioning Fannie Mae and Freddie Mac to new credit score models following outreach from ICBA and other groups.
Credit union acquisition of Ill. community bank will not close
A planned credit union acquisition of a community bank in Illinois will not go through, according to S&P Global.
ICBA releases updated guide for August recess meetings
ICBA released an updated version of its “Meetings on Main Street” guide to help community bankers host members of Congress during the August congressional recess.
Fed updates policy on supervising stablecoins, novel activities
The Federal Reserve Board released additional information on its program to supervise novel activities in the banks it oversees, including stablecoin activity.
OCC issues guidance on legal lending limit
The OCC issued guidance on the applicability of the legal lending limit to purchased loans.
Agencies release report on top routinely exploited vulnerabilities
The Cybersecurity and Infrastructure Security Agency and other agencies issued a report on last year’s top routinely exploited vulnerabilities.
Independent Banker magazine wins 2023 Content Marketing Award for Top Association Publication
ICBA Independent Banker magazine was named the winning association publication in the 2023 Content Marketing Awards.
Minneapolis Fed: Higher rates affect least profitable ag producers most
A recent article from the Federal Reserve Bank of Minneapolis explains how higher interest rates affect the farm sector.
Regulators update BSA/AML exam manual
The Federal Financial Institutions Examination Council announced updated sections and related examination procedures in its Bank Secrecy Act/Anti-Money Laundering Examination Manual.
Romero Rainey: ICBA continues advocating community bank 1071 relief
ICBA is taking steps to ensure that a recent court decision granting temporary injunctive relief from the CFPBs Section 1071 final rule applies to all community banks, ICBA President and CEO Rebeca...
Nonbank Figure withdraws OCC charter application
Figure Technologies, a nonbank consumer lender looking to expand into payments services, withdrew its application for a national bank charter.
Committee passes ICBA-advocated resolution to block CFPB’s 1071 rule
The House Financial Services Committee voted 29-21 to advance an ICBA-advocated resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule.
FDIC issues new cease-and-desist letter on deposit insurance claims
The FDIC issued a new letter demanding that a nonbank crypto entity cease making false or misleading representations about deposit insurance.
ICBA issues summary on large bank capital proposal
ICBA released a summary of a recently released interagency proposed rule to strengthen regulatory capital standards on large banks.
Fed survey: Plurality of banks seek to maintain current balance sheet size
Nearly one-third of respondents to a Federal Reserve survey of senior financial officers said their banks plan to take actions to maintain the current size of their balance sheets over the next six...
CISA warns of Ivanti system vulnerabilities
Threat actors are exploiting vulnerabilities in the Ivanti Endpoint Manager Mobile device management system, according to a cybersecurity advisory from the Cybersecurity and Infrastructure Security...
ICBA Names Faith Lutat Vice President of Member Relations
The Independent Community Bankers of America (ICBA) today announced the hire of Faith Lutat as vice present of member relations.
ICBA Commends House Committee for Passing Resolution to Nullify CFPB’s Small-Business Reporting Rule
ICBA today commended the House Financial Services Committee for advancing an ICBA-advocated resolution to nullify the Consumer Financial Protection Bureau’s Section 1071 small-business data...
Nearly 1,000 ICBA Community members in first week
The numbers show this month’s launch of the ICBA Community online platform has been well-received by community bankers, ICBA’s Vanessa Hanson writes in a new blog post.
Agencies release proposal on large bank capital standards
The FDIC, Federal Reserve, and OCC released an interagency proposed rule to strengthen capital standards on the largest banks and explicitly said they would not apply to community banks.
New ICBA podcast on 2023 top lenders
The latest episode of ICBA’s “Independent Banker” podcast features community bankers from Independent Banker magazine’s lists of 2023’s top community bank lenders.
CFPB report targets consumer financial products
The Consumer Financial Protection Bureau released a new Supervisory Highlights report on unfair, deceptive, and abusive acts or practices across various consumer financial products.
New compliance note on sanctions-related self-disclosures
The Treasury, Commerce, and Justice departments issued a joint compliance note focusing on voluntary self-disclosure policies that apply to U.S. sanctions, export controls, and other national...
ICBA polling campaign on interchange bill running this week
With Sens. Richard Durbin (D-Ill.) and Roger Marshall (R-Kan.) working to attach credit card routing restrictions to the National Defense Authorization Act, ICBA this week is promoting its new...
Fed’s Barr: Fair lending oversight needs to adapt to technological change
Regulators will need to adapt their application of the Fair Housing Act and Equal Credit Opportunity Act to deal with technological change and other developments as the financial system evolves.
As Lawmakers Push to Include Credit Card Restrictions in Defense Bill, New ICBA Polling Shows Voter Opposition
With Sens. Durbin (D-Ill.) and Marshall (R-Kan.) working to attach their controversial credit card routing restrictions to the pending National Defense Authorization Act, ICBA today released new...
ICBA Urges FDIC to Finalize Special Assessment Rule as Proposed
ICBA said it supports the Federal Deposit Insurance Corporation’s proposed rule to exempt community banks with less than $5 billion in uninsured deposits from its special assessment following the...