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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...
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...
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...
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...
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...
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....
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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,...
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...
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...
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...
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....
ICBA Bancard Hires Vice President, Project Manager
ICBA Bancard Hires Vice President, Project Manager ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America, today announced Malallai “Mal” Zalmai as vice...
Independent Banker interviews new ICBA leaders
Independent Banker interviews new ICBA leaders The April issue of Independent Banker magazine profiles ICBA's 2021-2022 executive committee. The interviews with ICBA leadership bankers cover the...
Credit union hearing push intensifies
Credit union hearing push intensifies ICBA is encouraging community bankers to call on Congress to hold hearings on credit union acquisitions of taxpaying community banks. ICBA is encouraging...
IRS issues Employee Retention Credit guidance
IRS issues Employee Retention Credit guidance The IRS issued guidance for employers claiming the Employee Retention Credit for the first and second quarters of 2021. The IRS issued guidance for...
CFPB ‘warns’ mortgage servicers about foreclosure wave
CFPB ‘warns’ mortgage servicers about foreclosure wave The Consumer Financial Protection Bureau “warned” mortgage servicers to take all necessary steps to prevent a wave of foreclosures this fall....
Senate bill would tax capital gains at time of death
Senate bill would tax capital gains at time of death Sen. Chris Van Hollen (D-Md.) and several other Democratic senators this week introduced legislation that would require estates to pay capital...
FinCEN begins implementing new reporting provisions
FinCEN begins implementing new reporting provisions The Financial Crimes Enforcement Network is seeking public comment by May 5 on implementing new beneficial ownership information requirements....
Agencies issue 2020 HMDA data
Agencies issue 2020 HMDA data Regulators released 2020 Home Mortgage Disclosure Act Loan Application Register data for approximately 4,400 HMDA filers. Annual loan-level LAR data for each HMDA...
CFPB proposes servicing changes to prevent foreclosures
CFPB proposes servicing changes to prevent foreclosures The Consumer Financial Protection Bureau proposed a set of rules changes to prevent foreclosures as emergency protections expire. The...
Visa Global Economic Insights (March 2021)
Visa Global Economic Insights (March 2021) Last year as millions sheltered at home, e-commerce proved crucial to keeping retail sales flowing. Now, as outbreaks begin to subside and mobility...
ICBA backs estate tax repeal bill
ICBA backs estate tax repeal bill ICBA and other groups thanked Sen. John Thune (R-S.D.) and Reps. Jason Smith (R-Mo.) and Sanford Bishop (D-Ga.) for introducing legislation to permanently repeal...
ICBA urges hearings following major credit union acquisition
ICBA urges hearings following major credit union acquisition Following the announcement of the largest-ever credit union purchase of a community bank, ICBA renewed its call for policymakers to...
FS-ISAC Coronavirus Update, April 2, 2021
FS-ISAC Coronavirus Update, April 2, 2021 While some sectors are back to their pre-pandemic employment levels, the overall US economy still has more than 8 million fewer jobs than it did before...
ICBA Urges Hearings Following Largest-Ever Credit Union-Bank Acquisition
ICBA Urges Hearings Following Largest-Ever Credit Union-Bank Acquisition Following the announcement of the largest-ever credit union purchase of a community bank, the ICBA today renewed its call...
Fed adopts rule on supervisory guidance
Fed adopts rule on supervisory guidance The Federal Reserve Board adopted a final rule outlining and confirming the use of supervisory guidance for regulated institutions. The Federal Reserve Board...
Valerie Utsey Joins ICBA as Executive Vice President and Chief Human Resources Officer
Valerie Utsey Joins ICBA as Executive Vice President and Chief Human Resources Officer The Independent Community Bankers of America today announced that Valerie Utsey has joined the association as...
Agencies issue updated HMDA guide
Agencies issue updated HMDA guide The Federal Financial Institutions Examination Council issued the 2021 edition of “A Guide to HMDA Reporting: Getting It Right!” for HMDA-related data collected in...
ICBA Thanks President for Signing PPP Extension
ICBA Thanks President for Signing PPP Extension The Independent Community Bankers of America today thanked President Joe Biden for signing into law ICBA-advocated legislation to extend the Paycheck...
IRS: PPE is tax deductible
IRS: PPE is tax deductible The Internal Revenue Service clarified that the purchase of personal protective equipment, such as masks, hand sanitizer and sanitizing wipes, for the primary purpose of...
CFPB rescinds policy statements granting temporary relief
CFPB rescinds policy statements granting temporary relief The Consumer Financial Protection Bureau rescinded seven policy statements issued last year that provided temporary flexibilities to...
FS-ISAC Coronavirus Update, April 1, 2021
FS-ISAC Coronavirus Update, April 1, 2021 During a White House briefing Wednesday, Dr. Rochelle Walensky, director of the Centers for Disease Control and Prevention, said the agency’s most recent...
ICBA, Community Banks Promote Financial Literacy in April
ICBA, Community Banks Promote Financial Literacy in April ICBA and community banks nationwide are celebrating Financial Literacy Month in April and encouraging Americans to take control of their...
ICBA Celebrates the Nation’s Community Banks During Community Banking Month
ICBA Celebrates the Nation’s Community Banks During Community Banking Month This month, ICBA pays tribute to community banks for their ongoing contributions throughout the COVID-19 pandemic in a...
PPP extension signed into law
PPP extension signed into law President Joe Biden signed into law ICBA-advocated legislation to extend the Paycheck Protection Program ahead of its scheduled expiration. Previously, any PPP...
EIPs heading to federal beneficiaries
EIPs heading to federal beneficiaries The IRS said it expects to begin issuing additional Economic Impact Payments this weekend to federal beneficiaries who do not normally file a tax return. The...
FS-ISAC Coronavirus Update, March 31, 2021
FS-ISAC Coronavirus Update, March 31, 2021 President Biden signed the PPP Extension Act of 2021 into law on Tuesday, a law extending the application deadline, originally set to expire on March 31,...
Deadline for credit union comment letters extended
Deadline for credit union comment letters extended While ICBA last week submitted its comment letter urging the National Credit Union Administration to withdraw a proposal on credit union services...
USDA asks lenders to suspend adverse actions against socially disadvantaged farmers
USDA asks lenders to suspend adverse actions against socially disadvantaged farmers The USDA’s Farm Service Agency asked lenders to suspend adverse actions against guaranteed farm loan borrowers...
ICBA supports bill offering rural lending tax relief
ICBA supports bill offering rural lending tax relief ICBA thanked Reps. Ron Kind (D-Wis.) and Randy Feenstra (R-Iowa) for introducing legislation to exempt from taxation interest income on farm...
FS-ISAC Coronavirus Update, March 26, 2021
FS-ISAC Coronavirus Update, March 26, 2021 Covid cases in the US are rising again, reversing course after months of decline and threatening another setback in the return to normality, with the...
ICBA Thanks Congress for Extending PPP
ICBA Thanks Congress for Extending PPP The Independent Community Bankers of America today thanked Congress for passing ICBA-advocated legislation to extend the Paycheck Protection Program ahead of...
ICBA offers Community Banking Month resources
ICBA offers Community Banking Month resources April is Community Banking Month, and ICBA offers resources to help community banks get involved, including a toolkit to help tell the community...
ICBA urges credit union capital parity
ICBA urges credit union capital parity ICBA called on the NCUA to create a minimum regulatory capital framework that is no less stringent than the Basel III regulatory capital framework in effect...
ICBA to NCUA: Don't Deregulate For-Profit Entities
ICBA to NCUA: Don't Deregulate For-Profit Entities The Independent Community Bankers of America (ICBA) today called on the National Credit Union Administration to withdraw a proposal to...
SBA increasing max EIDL amounts
SBA increasing max EIDL amounts The SBA said it is increasing maximum Economic Injury Disaster Loan amounts for small businesses from $150,000 over six months to $500,000 over 24 months. The SBA...