ICBA honors National Community Bank Service Award recipients

Sep 6, 2024 | NewsWatch Today
ICBA announced the winners of the 2024 National Community Bank Service Awards in recognition of the creative and exemplary efforts of the nation’s community banks to help their local communities.

Agencies issue guidance on Cybersecurity Assessment Tool sunsetting

Sep 6, 2024 | NewsWatch Today
The FDIC and OCC issued bulletins on last week’s interagency announcement that regulators are sunsetting the Cybersecurity Assessment Tool on Aug. 31, 2025.

CFPB targets rental, medical debt in latest report

Sep 6, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau issued its annual report to Congress on debt collection, which focuses on medical debt and rental debt.

ICBA 2024 National Community Bank Service Award Recipients Recognized for Community Impact and Dedication

Sep 5, 2024 | Press Release
The Independent Community Bankers of America (ICBA) today announced the winners of its 2024 National Community Bank Service Awards, recognizing the innovative and exceptional efforts of the nation’s community banks to support and uplift their local communities. Stories are featured in the September issue of ICBA's Independent Banker magazine.

ICBA: Credit unions are violating the limits established by Congress

Sep 5, 2024 | NewsWatch Today
After the announcement of the 15th credit union acquisition of a community bank this year, ICBA said the acquisition trend shows credit unions have expanded beyond the limits established by Congress to justify their federal tax exemption.

ICBA: AML/CFT modernization should not expand reg burden

Sep 5, 2024 | NewsWatch Today
ICBA told the Financial Crimes Enforcement Network that its proposed rule to update anti-money-laundering and countering-the-financing-of-terrorism programs would create additional burdens on banks without benefitting FinCEN’s efforts to reduce financial crimes.

ICBA: Proposed expansion of Fedwire/NSS operating hours not necessary

Sep 5, 2024 | NewsWatch Today
ICBA said the Federal Reserve’s proposed expansion of Fedwire Funds Service and National Settlement Service hours to 22 hours per day, seven days a week would place significant burdens on community banks for what is likely to be a low volume of transactions.

Latest Acquisition of Tax-paying Community Bank Comes Amid Increased Attention to Credit Union Tax Exemption

Sep 4, 2024 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey today issued the following statement after this year’s 15th acquisition of a tax-paying bank by a tax-exempt credit union.

ICBA Supports Acting Comptroller Michael Hsu’s Remarks on Supervising the Largest Banks

Sep 4, 2024 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey today issued the following statement on Acting Comptroller of the Currency Michael Hsu’s remarks on evolving bank supervision.

CNBC features opposition to credit union acquisitions of community banks

Sep 4, 2024 | NewsWatch Today
ICBA’s campaign spotlighting credit union tax and regulatory inequities generated new coverage this week with a CNBC segment on acquisitions of community banks.

OCC’s Hsu: Supervision must contend with more large banks

Sep 4, 2024 | NewsWatch Today
Supervision must adapt to the growth of the largest banks, Acting Comptroller of the Currency Michael Hsu said.

FBI: North Korea targeting crypto industry

Sep 4, 2024 | NewsWatch Today
According to an FBI alert, teams of North Korean malicious cyber actors are targeting specific decentralized finance or cryptocurrency-related businesses with social engineering to gain unauthorized access to the companies’ networks to deploy malware and steal cryptocurrency.

2024 Summer Internship Diaries - Vol. 1

Sep 3, 2024
Last week, we began our internship program here at ICBA. Starting a new position is an exciting time, but it comes with unique challenges that we must face together. The first week is critical, where we learn, work, and create with others for the first time.

ICBA appealing court ruling on CFPB’s 1071 rule

Sep 3, 2024 | NewsWatch Today
Following a district court decision denying ICBA’s lawsuit challenging the Consumer Financial Protection Bureau’s 1071 small-business rule, ICBA is now appealing the ruling.

ICBA urges CFPB to simplify rule on earned wage access products

Sep 3, 2024 | NewsWatch Today
ICBA told the Consumer Financial Protection Bureau that its proposed interpretive rule on “earned wage access” products defines “debt” too broadly.

FDIC publishes CRA exam schedules

Sep 3, 2024 | NewsWatch Today
The FDIC issued the lists of institutions scheduled for a Community Reinvestment Act examination during the fourth quarter of 2024 and first quarter of 2025.

ICBA recognizes National Preparedness Month

Aug 30, 2024 | NewsWatch Today
ICBA recognized National Preparedness Month in September by issuing tips to help Americans secure their financial documents before disaster strikes.

Agencies sunsetting Cybersecurity Assessment Tool

Aug 30, 2024 | NewsWatch Today
Federal banking regulators said they are sunsetting the Federal Financial Institutions Examination Council the Cybersecurity Assessment Tool on Aug. 31, 2025.

Banking regulators update IT Examination Handbook

Aug 30, 2024 | NewsWatch Today
The Federal Financial Institutions Examination Council issued the Development, Acquisition, and Maintenance booklet as part of its Information Technology Examination Handbook.

ICBA Shares Financial Preparedness Tips for Consumers as National Preparedness Month Approaches

Aug 29, 2024 | Press Release
With National Preparedness Month scheduled for September, the Independent Community Bankers of America (ICBA) and the nation’s community banks urge consumers to take essential steps to bolster their financial readiness. In 2024 alone, there have been 19 confirmed weather and climate disaster events in the United States, devastating families and costing billions in damages.