ICBA launches Marketing Resource Center

Nov 18, 2024 | NewsWatch Today
ICBA’s Marketing Resource Center—which brings member banks valuable, vetted marketing materials to better tell their stories—is available starting today.

Romero Rainey: Credit unions’ fuzzy math reveals tax exemption insecurity

Nov 18, 2024 | NewsWatch Today
While credit unions have a history of playing fast and loose with the facts, they now appear willing to say just about anything to distract from the impact of their taxpayer subsidies, ICBA President and CEO Rebeca Romero Rainey wrote in a new op-ed on LinkedIn.

FinCEN updates FAQs on beneficial ownership

Nov 18, 2024 | NewsWatch Today
The Financial Crimes Enforcement Network updated two frequently asked questions related to access to beneficial ownership information.

ICBA supports FARM Act

Nov 15, 2024 | NewsWatch Today
ICBA said it supports the Farmer Assistance and Revenue Mitigation Act (H.R. 10045), which would offer targeted relief to farmers who have suffered crop losses due to the impact of adverse weather conditions and low commodity prices.

Comments on FDIC brokered deposit rule due next week

Nov 15, 2024 | NewsWatch Today
ICBA published a guide to help community bankers submit unique comment letters on the FDIC’s notice of proposed rulemaking on brokered deposit restrictions ahead of next week’s deadline.

Independent Banker details fight against new FHLB regulations

Nov 14, 2024 | NewsWatch Today
When the Federal Housing Finance Agency last year began a deep dive on the Federal Home Loan Bank System, ICBA urged the agency not to fix what isn’t broken, as detailed in the latest Independent Banker magazine.

ICBA urges community bankers to comment on FDIC brokered deposit rule

Nov 14, 2024 | NewsWatch Today
ICBA published a guide to help community bankers submit unique comment letters on the FDIC’s notice of proposed rulemaking on brokered deposit restrictions ahead of next week’s deadline.

FinCEN warns banks about deepfake fraud schemes

Nov 14, 2024 | NewsWatch Today
The Financial Crimes Enforcement Network issued an alert to help financial institutions identify fraud schemes associated with the use of deepfake media created with generative artificial intelligence tools.

ICBA urging community bankers to comment on FDIC brokered deposit rule

Nov 13, 2024 | NewsWatch Today
ICBA published a guide to help community bankers submit unique comment letters on the FDIC’s notice of proposed rulemaking on brokered deposit restrictions.

Senate hearing next week on Credit Card Competition Act

Nov 13, 2024 | NewsWatch Today
Senate Judiciary Committee Chairman Dick Durbin (D-Ill.) scheduled a hearing for Tuesday, Nov. 19, on his ICBA-opposed bill to create credit card routing mandates.

FDIC: Unbanked households at record low

Nov 13, 2024 | NewsWatch Today
Only 4.2% of U.S. households were unbanked in 2023, according to the FDIC’s latest biennial survey of Unbanked and Underbanked Households, the lowest national unbanked rate since the survey began in 2009.

ICBA Foundation makes a difference

Nov 12, 2024 | NewsWatch Today
Support from the ICBA Foundation helped Rolling Fork, Miss., rebuild after a devastating tornado last year.

ICBA: Another credit union acquisition as policy questions mount

Nov 12, 2024 | NewsWatch Today
After the 20th credit union acquisition of a community bank this year—and another featuring a credit union crossing state lines to buy a community bank—ICBA said the record number of transactions is being noticed by the public and policymakers.

Invitation-only event next month for leaders of large community banks

Nov 12, 2024 | NewsWatch Today
ICBA’s Breaking Barriers Symposium is set for Dec. 4-5 in Washington, D.C.

ICBA: Another Taxpayer-Fueled Acquisition as Policy Questions Mount

Nov 8, 2024 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey today issued the following statement after the latest acquisition of a tax-paying bank by a tax-exempt credit union, extending this year’s record to 20.

CFPB penalizes Navy Federal Credit Union for overdraft fees

Nov 8, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau ordered Navy Federal Credit Union to refund more than $80 million in overdraft fees to consumers, change its overdraft practices, and pay a $15 million civil penalty.

ICBA urging community bankers to comment on FDIC brokered deposit rule

Nov 8, 2024 | NewsWatch Today
ICBA published a grassroots guide to help community bankers submit unique comment letters on the FDIC’s notice of proposed rulemaking on brokered deposit restrictions.

Fed cuts rates by 25 basis points

Nov 8, 2024 | NewsWatch Today
The Federal Open Market Committee voted unanimously to cut target interest rates by 25 basis points due an easing labor market and inflation moving toward its 2% goal. The cut lowers the federal funds rate to a range of 4.5% to 4.75%.

ICBA publishes election analysis

Nov 7, 2024 | NewsWatch Today
With the re-election of President Donald Trump, control of the Senate shifting to Republicans, and the House still up in the air, ICBA released an analysis of the 2024 election exclusively for community banks.

FDIC committee on economic inclusion to meet next week

Nov 7, 2024 | NewsWatch Today
The FDIC announced that its Advisory Committee on Economic Inclusion (ComE-IN) will meet at 9 a.m. (Eastern time) Wednesday, Nov. 13, in Washington, D.C.