The FDIC board of directors approved a request for information on deposit data that is not currently reported in the call report or other regulatory reports, including for uninsured deposits.
ICBA Payments, the payments subsidiary of the Independent Community Bankers of America (ICBA), announced today a new partnership with Pidgin to facilitate instant payments for the nation’s community banks.
The Financial Crimes Enforcement Network issued a notice to customers of financial institutions about reporting beneficial ownership information, or BOI.
The Government Accountability Office said scams are a significant and growing problem for U.S. individuals and businesses, noting that scams involving fake investment opportunities rose from $3.31 billion in 2022 to $4.57 billion in 2023.
ICBA continues calling on community bankers to urge their senators to include in must-pass legislation a bipartisan bill that would protect the financial privacy of mortgage applicants.
ICBA commended the federal banking regulators for heeding ICBA’s calls to hold a virtual public outreach meeting as part of the latest regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act.
ICBA this week hosted its latest ThinkTECH Accelerator Showcase spotlighting growth-stage companies that serve or wish to serve community banks and their customers.
The Independent Community Bankers of America® (ICBA) hosted its ThinkTECH Accelerator Showcase, the culmination of the latest Accelerator program (AP7) yesterday. For the first time, the Showcase was held at the Graduate School of Banking at Colorado for its student body of nearly 500 bankers and streamed online for a virtual audience.
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey today issued the following statement on today’s announcement from federal banking regulators that they will conduct an ICBA-advocated virtual outreach meeting as part of the latest regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act, or EGRPRA.
ICBA continues calling on community bankers to urge their senators to include in must-pass legislation a bipartisan bill that would protect the financial privacy of mortgage applicants.
ICBA and community bankers continued differentiating the industry from larger institutions in a new article on commercial lending in The New York Times.
The Financial Stability Board said that even if a stablecoin is properly designed and well-regulated, “it may not necessarily have a positive impact on cross-border payments as the drawbacks could outweigh any potential benefits.”
House Agriculture Committee Chairman Glenn “GT” Thompson (R-Pa.) said the farm bill his committee passed earlier this year responds to the challenges facing farm country, though the farm bill debate remains stalled.
Federal banking regulators formally requested comment on a proposed rule that would amend Bank Secrecy Act requirements for anti-money-laundering and countering-the-financing-of-terrorism programs.
The Consumer Financial Protection Bureau proposed an interpretive rule that says many paycheck advance products are consumer loans subject to the Truth in Lending Act.
ICBA thanked Acting Comptroller of the Currency Michael Hsu for highlighting the formation of ICBA’s Check Fraud Task Force and the Financial Sector Fraud Working Group in a recent speech on financial fraud.
Since news broke overnight that an incident at the CrowdStrike cybersecurity firm caused IT outages affecting multiple industries across the globe, ICBA has been closely monitoring the situation in coordination with financial services partners and officials.
