Report: Stablecoins do not act as safe havens during crypto market stress

Oct 18, 2024 | NewsWatch Today
Stablecoins do not act as “safe havens” during crypto market stress, but their market capitalization drops after significant shocks, according to a Bank for International Settlements working paper.

ThinkTECH Solutions Forum on data today

Oct 17, 2024 | NewsWatch Today
ICBA’s ThinkTECH Solutions Forum: Data is scheduled for noon (Eastern time) today. Community bankers can attend live or get the recording. Registration is free for ICBA members.

ICBA updates advocacy dashboard

Oct 17, 2024 | NewsWatch Today
ICBA updated its “Advocacy in Action” government relations dashboard for the fourth quarter with the latest community banking advocacy successes and priorities.

ICBA: FHFA guidance on FHLBank liquidity won’t work

Oct 17, 2024 | NewsWatch Today
ICBA and state community banking associations told the Federal Housing Finance Agency that its recent Advisory Bulletin to the FHLBanks regarding credit risk management expectations for member institutions lacked both clarity and statutory authority.

Independent Banker: ICBA continues amplifying concerns in stablecoin debate

Oct 16, 2024 | NewsWatch Today
As lawmakers continue to debate a regulatory framework for stablecoins, the latest Independent Banker magazine highlights how ICBA remains engaged to ensure that policymakers address the concerns of community banks.

Agencies issue joint statement on institutions affected by Hurricane Milton

Oct 16, 2024 | NewsWatch Today
Federal and state financial regulators issued a joint statement saying they recognize the serious impact of Hurricane Milton on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision.

Agencies adjust HPML, Reg Z, and Reg M exemption thresholds

Oct 16, 2024 | NewsWatch Today
The agencies issued three annual threshold adjustment final rules, effective Jan. 1.

ICBA CRA Solutions/Senior Housing Crime Prevention Foundation Names New Chairman

Oct 15, 2024 | Press Release
ICBA CRA Solutions/Senior Housing Crime Prevention Foundation (SHCPF), an ICBA subsidiary, today announced the election of Gary Teagno, president and founder of Zeus Advisory Services and retired president and CEO of the ICBA Services Network, as chairman of the Senior Housing Crime Prevention Foundation board of directors.

ICBA supports FDIC proposal to enhance ILC oversight

Oct 15, 2024 | NewsWatch Today
ICBA expressed support for an FDIC proposed rule that would enhance oversight of industrial loan companies.

ICBA check fraud detection guide now available

Oct 15, 2024 | NewsWatch Today
ICBA’s Check Fraud Task Force published a guide that explains the solutions available to community banks to detect instances of check fraud.

Fed’s Bowman cites community bank, credit union regulatory disparities

Oct 15, 2024 | NewsWatch Today
Federal Reserve Governor Michelle Bowman said regulatory disparities between community banks and nonbank providers—including credit unions—can have a distortive effect on competition.

ICBA Commends FDIC Proposal to Enhance Industrial Loan Company Oversight as Polling Shows Concerns with ILC Loophole

Oct 11, 2024 | Press Release
The Independent Community Bankers of America (ICBA) today expressed support for an FDIC proposed rule that would enhance oversight of industrial loan companies, or ILCs. In conjunction with the letter, ICBA also released new polling data showing consumer skepticism with the ILC charter, a legal loophole that allows full-service banks to skirt oversight and violate U.S. policy separating banking and commerce.

ICBA task force releases check fraud detection guide

Oct 11, 2024 | NewsWatch Today
ICBA’s Check Fraud Task Force published a guide that explains the solutions available to community banks to detect instances of check fraud.

ICBA: AML/CFT modernization should not expand reg burden

Oct 11, 2024 | NewsWatch Today
ICBA told the federal banking agencies that their proposals to update anti-money-laundering and countering-the-financing-of-terrorism programs would create additional burdens on banks without any demonstrable benefit to combatting money laundering or terror financing.

DOJ announces first credit union redlining settlement

Oct 11, 2024 | NewsWatch Today
The Justice Department announced that Citadel Federal Credit Union has agreed to pay more than $6.5 million to resolve allegations that it engaged in lending discrimination by redlining predominantly Black and Hispanic neighborhoods in and around Philadelphia.

ICBA: Credit union tax subsidies continue driving record-high acquisitions

Oct 10, 2024 | NewsWatch Today
Following the 18th credit union acquisition of a community bank this year—and the fifth in Washington state—ICBA said Congress should address antiquated credit union policies.

ICBA raises relief funds, posts online resources

Oct 10, 2024 | NewsWatch Today
The ICBA Foundation Disaster Relief Program continues requesting tax-deductible donations to assist community banks and employees affected by Hurricane Helene.

Fed’s Jefferson encourages input on discount window

Oct 10, 2024 | NewsWatch Today
Federal Reserve Vice Chair Philip Jefferson encouraged comments on the Fed’s request for information on “operational frictions” associated with the discount window and intraday credit.

As Credit Union Tax Subsidies Drive Record-High Acquisitions of Tax-Paying Community Banks, Policymakers Should Respond

Oct 9, 2024 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey today issued the following statement after this year’s 18th acquisition of a tax-paying bank by a tax-exempt credit union — expanding on this year’s annual record.

Independent Banker highlights cybersecurity role for generative AI

Oct 9, 2024 | NewsWatch Today
Generative artificial intelligence could help community banks identify potentially fraudulent activity and security flaws, according to the latest Independent Banker magazine.