The Federal Open Market Committee voted to keep interest rates unchanged until it has gained greater confidence that inflation is moving sustainably toward the Federal Reserve’s 2% goal.
In the past 24 hours, several ICBA members have reported a new form of fraud they have experienced in their banks this week: check fraud related to home equity lines of credit. Members of ICBA's Check Fraud Task Force have also reported an uptick in HELOC-related check fraud.
During an ambitious board meeting on Tuesday, the FDIC issued a proposed rule to revise regulations on brokered deposits following the recent failure of the nonbank deposit broker Synapse Financial.
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.
