House Subcommittee on Consumer Protection and Financial Institutions Chairman Ed Perlmutter (D-Colo.) announced on Monday that he will not seek reelection this fall, renewing the urgency to pass legislation that creates a safe harbor for banks serving cannabis-related businesses this Congress.
The 2022 ICBA ThinkTECH Accelerator Program kicks off tomorrow with a virtual event to introduce the 2022 cohort and launch the rigorous 12-week program accelerating community banking innovation.
The Biden administration’s vaccine-or-test mandate for employers with 100 or more employees is scheduled to take effect today unless the U.S. Supreme Court halts enforcement.
The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary report focuses on setting up security awareness training for 2022 to meet regulatory requirements.
ICBA Bancard announced management promotions for Rebecca Kruse who was named executive vice president and chief operating officer and Dina Mickens who was promoted to vice president and manager of operations and fraud.
Jan 7, 2022
| Industry News From Corporate Members
Charles Town, W.Va.-based BCT has experienced rapid growth in recent years after investing heavily in digital banking solutions, namely their website, digital wallets, and mobile deposit features. Still, the bank's previous loan origination system had a manual backend process, leading to a burdensome experience for both borrowers and employees and a lengthy loan turnaround time. To continue growing, BCT needed a loan origination solution with a superior customer front-end and a seamless process, one that would boost efficiencies, enhance customer experience, streamline internal work efforts, and ultimately eliminate unnecessary costs. With Jack Henry, the bank is gaining a centralized and flexible solution that enables lenders to make an informed credit risk decision, track and monitor individual loans as well as manage portfolios.
ICBA today called on the Consumer Financial Protection Bureau to exempt more community banks and small businesses from its proposal to implement new small-business loan data collection and reporting requirements.
The Independent Community Bankers of America today announced several staff promotions in recognition of their efforts to support the nation’s community banks.
The Nebraska Department of Banking and Finance denied an application by $7.9 billion-asset GreenState Credit Union in North Liberty, Iowa, to acquire $395 million-asset Premier Bank in Omaha.
More than half of all consumer complaints received by the Consumer Financial Protection Bureau from January 2020 through September 2021 were directed at Equifax, Experian, and TransUnion, the bureau said.
ICBA said that while it supports robust financial disclosures for Fannie Mae and Freddie Mac, it is concerned that the government-sponsored enterprises seem to be in a perpetual conservatorship.
The Consumer Financial Protection Bureau issued two annual threshold adjustment final rules under the Home Mortgage Disclosure Act and Truth in Lending Act, effective Jan. 1, 2022.
Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on new interagency guidance that indicates temporary relief from the 9% Community Bank Leverage Ratio will expire on Dec. 31.
The deadline for ICBA’s grassroots comment letter campaign on the Consumer Financial Protection Bureau’s 1071 data collection and reporting requirements is rapidly approaching.
The latest episode of ICBA’s Communities of Innovation podcast focuses on ICBA’s public opposition to professor Saule Omarova’s nomination to lead the OCC.
