CFPB issues final rule capping overdraft fees

Dec 13, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau issued a final rule on overdraft services that will cap fees at banks and credit unions with more than $10 billion in assets.

Community bank net income rises in Q3

Dec 13, 2024 | NewsWatch Today
Community bank net income rose 6.7% in the third quarter on higher net interest income and was up 3.9% from a year ago, according to the FDIC’s latest Quarterly Banking Profile.

Report: Most fraud complaints involve crypto

Dec 13, 2024 | NewsWatch Today
Most fraud-related complaints involve fraudulent crypto investments initiated through social media contacts that later develop into relationship confidence scams, according to the Securities and Exchange Commission.

ICBA Strongly Opposes CFPB Overdraft Rule

Dec 12, 2024 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey today issued the following statement on the Consumer Financial Protection Bureau’s final rule on overdraft services.

ICBA remembers Past Chairman Bill McQuillan

Dec 12, 2024 | NewsWatch Today
ICBA Past Chairman William "Bill" Leo McQuillan died in Lakewood, Colo., on Dec. 4 at the age of 76. The former president and CEO of City National Bank in Greeley, Neb., served as Nebraska Independent Community Bankers chairman in 1988-1989 and ICBA chairman in 1998-1999.

Wall Street Journal editorial: Tax credit unions

Dec 12, 2024 | NewsWatch Today
Northwest Federal Credit Union’s stadium naming-rights deal with the Washington Commanders points to the need for the federal government to tax credit unions, according to a new Wall Street Journal column.

OCC’s Hsu lauds ICBA check fraud efforts

Dec 12, 2024 | NewsWatch Today
ICBA and many banks are going the extra mile to fight fraud, but banks and industry trade groups cannot effectively address fraud all by themselves, Acting Comptroller of the Currency Michael Hsu said.

ICBA tells Fed to improve discount window, protect FHLBs

Dec 11, 2024 | NewsWatch Today
The Federal Reserve should embrace technology to improve its discount window and preserve the role of the Federal Home Loan Banks in providing liquidity, ICBA told the agency.

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.