FDIC board to discuss budget, AML, bank capital

Dec 11, 2024 | NewsWatch Today
The FDIC announced that its board of directors is scheduled to meet at 10 a.m. (Eastern time) Tuesday, Dec. 17.

’80s-themed ICBA PAC auction set for ICBA LIVE

Dec 11, 2024 | NewsWatch Today
ICBA PAC is hosting its 36th Annual Auction Fundraiser on Wednesday, March 12, during ICBA LIVE in Nashville. Tickets for the ’80s-themed event go on sale Friday, Jan. 3.

CFPB’s credit card late fee rule shot down

Dec 10, 2024 | NewsWatch Today
A federal judge upheld an order blocking the Consumer Financial Protection Bureau’s $8 cap on credit card late fees.

CFPB seeks input for rulemaking on domestic violence, elder abuse

Dec 10, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau launched a rulemaking to address the effects of inaccurate credit reporting affecting survivors of domestic violence, elder abuse, and other forms of financial abuse.

Fed clarifies account access guidelines

Dec 10, 2024 | NewsWatch Today
The Federal Reserve provided a technical clarification that its account access guidelines also apply to excess balance accounts.

ICBA’s Romero Rainey, Merski recognized as top lobbyists

Dec 9, 2024 | NewsWatch Today
ICBA President and CEO Rebeca Romero Rainey and Group Executive Vice President of Congressional Relations and Strategy Paul Merski were featured on The Hill’s 2024 list of the nation’s top lobbyists.

Independent Banker shares top compliance issues of 2024

Dec 9, 2024 | NewsWatch Today
Guidance and proposed rules from regulatory agencies this year kept community banks on their toes, according to the latest Independent Banker magazine.

Report: Banking system is sound but faces challenges

Dec 9, 2024 | NewsWatch Today
The U.S. banking system remains resilient—supported by sound levels of regulatory capital, adequate liquidity buffers, and healthy levels of profitability—but the industry must address emerging vulnerabilities, according to the Financial Stability Oversight Council’s 2024 annual report.

Romero Rainey, Merski Recognized Among The Hill’s Top Lobbyists for 2024, Showcasing ICBA’s Advocacy Leadership

Dec 6, 2024 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey and Group Executive Vice President of Congressional Relations and Strategy Paul Merski make their seventh consecutive appearance on The Hill’s Top Lobbyists List of association executives.

Forum next week on using tech to protect seniors

Dec 6, 2024 | NewsWatch Today
ICBA’s ThinkTECH Solutions Forum: AgeTech is scheduled for noon (Eastern time) Thursday, Dec. 12.

Independent Banker shares farm bill prospects

Dec 6, 2024 | NewsWatch Today
A new five-year farm bill will run about 1,000 pages and include a vast array of programs, so the most likely action is an extension of the current bill and possibly an emergency aid package, according to the latest Independent Banker magazine.

Fiserv chief nominated to lead Social Security

Dec 6, 2024 | NewsWatch Today
Frank Bisignano—chairman, president, and CEO of Fiserv, a global provider of payments and financial services technology solutions—was nominated by President-Elect Donald Trump to be commissioner of the Social Security Administration.

ICBA: CFPB’s 1071 rule exceeds its authority

Dec 5, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau’s 1071 small-business rule exceeds the agency’s statutory authority and is arbitrary and capricious, ICBA said in a new court filing.

Treasury sanctions money laundering network using digital assets

Dec 5, 2024 | NewsWatch Today
The Treasury Department sanctioned five individuals and four entities associated with the TGR Group, an international network of businesses and employees that act on behalf of Russian elites.

Agencies issue statement on financial exploitation of elderly

Dec 5, 2024 | NewsWatch Today
Five federal financial regulatory agencies, the Financial Crimes Enforcement Network, and state financial regulators issued a joint statement to provide supervised institutions with examples of risk management and other practices that may be effective in combatting elder financial exploitation.

OCC updates unfair practices booklet

Dec 4, 2024 | NewsWatch Today
The OCC issued version 1.1 of the “Unfair or Deceptive Acts or Practices and Unfair, Deceptive, or Abusive Acts or Practices” booklet of the Comptroller’s Handbook.

Relationship Managers Are Here for You

Dec 4, 2024 | Payments Pulse
Community banks have a strong history of offering their customers personalized service. Our relationship management team has the same philosophy and supports community bank payment needs one-on-one. We know bankers wear many hats, and sometimes taking the time to understand the ins and outs of your card portfolio, or answer critical payments-related questions, can take longer than expected.

The Card Trends to Watch in 2025

Dec 4, 2024 | Payments Pulse
What 2025 holds for payments remains to be seen. Decreasing interest rates may fuel larger spending and comfort with revolving credit, but some businesses have begun limiting their acceptance of cards or passing fees along to customers, which could drive decreased use. Couple those developments with a shifting regulatory environment, and the future of card payments gets a bit murky.

What to Say to Customers When They Are Being Scammed

Dec 4, 2024 | Payments Pulse
On a daily basis, my team identifies, investigates, and responds to fraud, including customer scams. While our fraud monitoring systems flag unusual activity, the bulk of our time is spent evaluating the situation and then discussing it with the customer to get to the bottom of what really happened.

Agencies seek further comment on regulatory burden

Dec 4, 2024 | NewsWatch Today
The federal bank regulatory agencies announced the third notice requesting comment to reduce regulatory burden as required by the Economic Growth and Regulatory Paperwork Reduction Act of 1996.