Main Street Matters Blog

Find out what's happening in communities across America, from grassroots advocacy efforts, to fintech innovations and everyday successes of Main Street banks.

Main Street Matters

ICBA campaign opposing new bank IRS reporting generates passionate consumer response

Sep 14, 2021
ICBA has for months strongly objected to a Washington proposal that would require financial institutions to report information on customer bank accounts to the IRS, which Congress could soon pass with a simple majority vote.

All Eyes on Stablecoin: Regulatory Scrutiny Intensifies

Sep 9, 2021
With the recent stablecoin surge raising risks for consumers and the financial system, regulators and Congress are increasingly concerned about the risks these digital currencies pose to consumers and the overall stability of financial markets.

Stablecoin Surge Raises Consumer, Systemic Risks

Aug 31, 2021
The Crypto Chronicles series began with a primer on stablecoins, a type of digital currency designed to maintain a relatively stable value by being backed by fiat currencies, commodities, or other assets. In the months since that article was published, stablecoins have become a hot topic due to an incredible surge in activity—and affiliated risk.

Community banks must engage customers on new IRS reporting mandates

Aug 19, 2021
If community bankers weren’t busy enough continuing their heroic economic response to the pandemic, a recent proposal to impose new IRS reporting mandates on customer bank accounts has become a major advocacy priority.

Why Community Banks Should Play an Important Intermediary Role with a CBDC

Aug 13, 2021
While policy and technology questions continue to be debated around the digital dollar, the vital role that community banks need to play in this next evolution of money is indisputable.

Community Banks Leading with an Innovation Mindset

Aug 6, 2021
For $3.1 billion-asset Blue Ridge Bank, innovation is priority number one. Yet in a recent interview, the Luray, Va.-based community bank quickly pointed out that innovation is not as much about the technology investment as it is about the cultural one.

What Decentralized Finance Means for Community Banks

Jul 28, 2021
As discussed in ICBA’s first Crypto Chronicles blog post, cryptocurrency emerged from Satoshi Nakamoto’s desire to create a “purely peer-to-peer version of electronic cash.”

4 Ways to Increase the Impact of Your Customer Feedback

Jul 22, 2021
Testimonials have long been a crux of an effective communications effort in helping to articulate and demonstrate a community bank’s value proposition to customers and its community. Here are a few tips to help community bankers make the most out of this important and effective tool for sharing their positive story.

Faster Payments Have Arrived — Now What About Competition, Fraud, and Strategy? Part 2

Jul 12, 2021
Here's part two of a continuing conversation on faster payments, diving into Same Day ACH, competition, fraud, and strategic vision.

LIBOR Transition Heats Up for Community Banks as Deadline Nears

Jul 7, 2021
With the London Interbank Offered Rate, or LIBOR, set to be largely discontinued in a few months, federal regulators are increasingly vocal about the need for financial institutions to be ready for the transition.