ICBA Announces End of Year Staff Promotions

Dec 23, 2020 | Press Release
The Independent Community Bankers of America announced several staff announcements, effective Jan. 1, 2021. The new titles and responsibilities reflect ICBA’s three-pronged focus on advocacy, innovation and education on behalf of the nation’s community banks.

ICBA ThinkTECH Accelerator 2021 Finalists Revealed

Dec 23, 2020 | Press Release
The Independent Community Bankers of America (ICBA) and The Venture Center, in partnership with the State of Arkansas, will kick-off the ICBA ThinkTECH Accelerator 2021 with the unveiling of the 10 selected participants during a virtual kick-off event in Little Rock, Ark on Jan. 6th.

Romero Rainey recaps extraordinary year, thanks bankers for “selfless response”

Dec 23, 2020 | NewsWatch Today
ICBA President and CEO Rebeca Romero Rainey recaps the year’s challenges and accomplishments in a message to community bankers.

ICBA updates FAQs on stimulus payments

Dec 23, 2020 | NewsWatch Today
As Americans await news about the stimulus bill and the prospect of receiving direct Economic Impact Payments, ICBA has compiled answers to the top issues impacting community banks.

CSBS files complaint against OCC regarding a special purpose national charter application

Dec 23, 2020 | NewsWatch Today
The Conference of State Bank Supervisors filed a complaint in the U.S. District Court for the District of Columbia opposing the OCC’s creation of a new national bank charter for nonbank companies and its impending approval of a charter application from Figure Technologies Inc.

Romero Rainey: Stimulus bill contains community bank-advocated provisions

Dec 22, 2020 | NewsWatch Today
Months of relentless advocacy by ICBA and community bankers, with the support of their small business customers, helped secure ICBA-advocated provisions.

CFPB issues advisory opinion on SPCPs

Dec 22, 2020 | NewsWatch Today
The Consumer Financial Protection Bureau issued an advisory opinion to address regulatory uncertainty regarding Regulation B related to special purpose credit programs to meet special social needs.

Supplemental guidance issued on SolarWinds attack

Dec 22, 2020 | NewsWatch Today
The Department of Homeland Security and Cybersecurity and Infrastructure Security Agency issued supplemental guidance to its alert for affected organizations to help mitigate exposure related to the supply chain attack on the SolarWinds Orion Platform.

Congress passes stimulus deal with community bank-advocated provisions

Dec 21, 2020 | NewsWatch Today
Through tens of thousands of phone calls and direct messages to your members of Congress, you made your voices heard, community bankers, and once again Washington paid attention.

ICBA Secures Relief in New Stimulus Measure

Dec 21, 2020 | Press Release
The Independent Community Bankers of America thanked Congress for passing compromise economic stimulus legislation with ICBA-advocated provisions supporting local communities.

Community Bank Provisions of Bipartisan Bicameral Stimulus Package

Dec 21, 2020 | NewsWatch Today
Congress is expected to vote this week on legislation designed to provide economic relief for communities, small businesses, families, and individuals affected by the COVID-19 pandemic as well as public health measures.

Congress announces stimulus deal outline

Dec 21, 2020 | NewsWatch Today
Congressional leaders announced the outline of a deal for an economic stimulus package and year-end spending bill, with passage expected as soon as today.

Agencies propose standards for computer security incident notifications

Dec 21, 2020 | NewsWatch Today
Federal banking agencies issued a proposal that would require banks to promptly notify their primary federal regulator after a computer security incident.

FinCEN proposes virtual currency recordkeeping rules

Dec 21, 2020 | NewsWatch Today
The Financial Crimes Enforcement Network issued a proposed rule to increase transparency of certain transactions involving convertible virtual currency or digital assets with legal tender status.

SolarWinds criminals narrow follow-up attacks: Microsoft

Dec 21, 2020 | NewsWatch Today
The cyber criminals who targeted the SolarWinds Orion Platform appear to have limited their follow-up attacks to a relatively small number of IT and government enterprises, according to a blog post from Microsoft President Brad Smith.

CFPB issues follow-up debt-collection rule

Dec 21, 2020 | NewsWatch Today
The Consumer Financial Protection Bureau issued a final rule to implement Fair Debt Collection Practices Act requirements for certain consumer disclosures. The rule requires debt collectors to provide detailed disclosures at the outset of collection communications.

Banking and Consumer Groups Urge Congress to Close Statutory Loophole in Response to FDIC Final Rule on ILCs

Dec 18, 2020 | Press Release
Today, the Bank Policy Institute, Center for Responsible Lending and the Independent Community Bankers of America issued the following joint statement in response to a vote by the FDIC to approve a final rule on Industrial Loan Companies.

CISA follow-up call today on SolarWinds

Dec 18, 2020 | NewsWatch Today
The Cybersecurity and Infrastructure Security Agency today is hosting a follow-up call on the supply chain attack on the SolarWinds Orion Platform and subsequent customer breaches.

NCUA approves subordinated debt rule

Dec 18, 2020 | NewsWatch Today
The National Credit Union Administration board approved an ICBA-opposed final rule that will allow the largest and most complex credit unions to issue subordinated debt to institutional investors.

Agencies adjust CRA asset thresholds

Dec 18, 2020 | NewsWatch Today
Federal regulators announced the annual adjustment to Community Reinvestment Act thresholds. Effective Jan. 1, the “small bank” or “small savings association” designation applies to institutions that as of Dec. 31 of either of the prior two calendar years had assets of less than $1.322 billion.