Blog post: Community bankers find solutions, connections at ICBA LIVE

Sep 26, 2024 | NewsWatch Today
The challenges community bankers face—from compliance issues to cybersecurity and staffing concerns—require the industry to come together to amplify its voice and find solutions at ICBA LIVE 2025, according to a new ICBA blog post.

Community bankers report reg burden during EGRPRA outreach meeting

Sep 26, 2024 | NewsWatch Today
Community bankers voiced discontent with excessive regulatory burdens during an ICBA-advocated outreach meeting under the current Economic Growth and Regulatory Paperwork Reduction Act review.

OCC: Banks affected by Hurricane Helene can close

Sep 26, 2024 | NewsWatch Today
The OCC said national banks, federal savings associations, and federal branches and agencies of foreign banks can close in areas of Alabama, Florida, Georgia, and Tennessee affected by Hurricane Helene.

ICBA: Record-tying credit union acquisition comes amid increased scrutiny

Sep 25, 2024 | NewsWatch Today
Following this year’s 16th credit union acquisition of a community bank — which ties the record for most in a single year — ICBA continued its call for Congress to investigate credit union policies.

Senator Moran: Help needed for agriculture

Sep 25, 2024 | NewsWatch Today
The current farm bill is not adequate to provide relief or safety nets for U.S. farmers, nor is it reflective of the current state of the farm economy, said Sen. Jerry Moran (R-Kan.), a lead sponsor of the ICBA-advocated ACRE Act (S. 2371/H.R. 3139).

CFPB sets up webpage for standard-setting organizations

Sep 25, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau set up a webpage for public comment applications to become a recognized standard setter under the Personal Financial Data Rights Rule.

Another Community Bank Acquisition by Tax-Exempt Credit Union as Policymakers and Taxpayers Increase Scrutiny

Sep 24, 2024 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey today issued the following statement after this year’s 16th acquisition of a tax-paying bank by a tax-exempt credit union.

ICBA files appellate brief in CRA rule legal challenge

Sep 24, 2024 | NewsWatch Today
ICBA and other groups filed an appellate brief with the U.S. Court of Appeals for the 5th Circuit as part of their legal challenge to federal banking regulators’ Community Reinvestment Act final rule.

Survey shows rise in sophisticated fraud tactics

Sep 24, 2024 | NewsWatch Today
Sixty-two percent of institutions reported a rise in sophisticated fraud tactics, according to a new survey by the Center for Payments, Nacha, and ICBA.

ICBA continues urging participation in EGRPRA review

Sep 24, 2024 | NewsWatch Today
ICBA recently issued a guide to help community bankers participate in the Economic Growth and Regulatory Paperwork Reduction Act review process launched by banking regulators this year.

ICBA briefing today ahead of EGRPRA outreach meeting

Sep 23, 2024 | NewsWatch Today
With the federal banking agencies hosting a virtual outreach meeting this week under their latest Economic Growth and Regulatory Paperwork Reduction Act review, ICBA is hosting a briefing at 1 p.m. (Eastern time) today for bankers delivering oral comments.

ICBA files appellate brief in CRA rule legal challenge

Sep 23, 2024 | NewsWatch Today
ICBA and other groups filed an appellate brief with the U.S. Court of Appeals for the 5th Circuit as part of their legal challenge to federal banking regulators’ Community Reinvestment Act final rule.

CFPB proposes amendment to remittance transfer rule

Sep 23, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau issued a proposed rule with an amendment to disclosure requirements for certain international money transfers.

Independent Banker breaks down instant payment adoption

Sep 20, 2024 | NewsWatch Today
The latest Independent Banker magazine details community banks’ uptake of instant payment systems such as FedNow and Real-Time Payments.

ICBA urging community banker participation in EGRPRA review

Sep 20, 2024 | NewsWatch Today
ICBA recently issued a guide to help community bankers participate in the Economic Growth and Regulatory Paperwork Reduction Act review process launched by banking regulators this year.

FinCEN publishes beneficial ownership toolkit

Sep 20, 2024 | NewsWatch Today
The Financial Crimes Enforcement Network published a toolkit for small-business owners with beneficial ownership reporting requirements.

CFPB releases FAQs on ‘buy now, pay later’ products

Sep 19, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau released frequently asked questions to help industry participants understand, implement, and comply with the requirements in Regulation Z for “buy now, pay later” products.

ICBA testifies before Congress on community bank support for small business

Sep 19, 2024 | NewsWatch Today
ICBA Rural America and Agriculture Committee Chairman Gus Barker told Congress that community banks have served rural America well for decades and play a vital role in the economic prosperity of small businesses, farms, and families in thousands of local communities.

CBA urges policymakers to take on crypto scams, improve information sharing

Sep 19, 2024 | NewsWatch Today
The persistent growth of romance confidence scams emphasizes the urgent need for policymakers to prioritize national security, counter illicit finance uses of cryptocurrency, and improve information sharing with community banks, ICBA told Congress.

Fed cuts rates by 50 basis points

Sep 19, 2024 | NewsWatch Today
The Federal Open Market Committee voted to cut target interest rates by 50 basis points due to improved confidence that inflation is moving sustainably toward its 2% goal.