Blog: ICBA Payments entering a new era

Oct 30, 2024 | NewsWatch Today
ICBA Payments has a 40-year history of innovation and growth with a successful brand, steady business, and loyal clients—but it’s time for a transformation, according to a new blog post.

EGRPRA grassroots letters due today

Oct 30, 2024 | NewsWatch Today
ICBA is urging community bankers to use its Be Heard grassroots action center to submit comments on the current Economic Growth and Regulatory Paperwork Reduction Act review ahead of today’s deadline.

Gruenberg: Orderly resolutions without systemic risk exception needed

Oct 30, 2024 | NewsWatch Today
FDIC Chairman Martin Gruenberg said there is a need for meaningful action to improve the likelihood of orderly resolutions of large regional banks without the expectation of invoking the systemic risk exception.

Hurricane Relief Fund surpasses $100,000, continues vital support for community banks

Oct 29, 2024 | NewsWatch Today
The ICBA Foundation’s Hurricane Relief Fund—which is dedicated to supporting community bankers, their employees, and communities—has surpassed $100,000 in donations across five states.

EGRPRA grassroots letters due tomorrow

Oct 29, 2024 | NewsWatch Today
ICBA continues urging community bankers to use its Be Heard grassroots action center to submit comments on the current Economic Growth and Regulatory Paperwork Reduction Act review.

Pew research: Americans don’t think crypto is safe

Oct 29, 2024 | NewsWatch Today
More than six in 10 Americans (63%) say they have little to no confidence that investing in, trading, or using cryptocurrencies is reliable and safe, according to the Pew Research Center.

Independent Banker: Faster payments don’t have to lead to faster fraud

Oct 25, 2024 | NewsWatch Today
Addressing real-time payments fraud requires a combination of techniques—there's no silver bullet—according to the latest Independent Banker magazine.

FHA seeks feedback on housing proposals

Oct 25, 2024 | NewsWatch Today
The Federal Housing Administration posted two draft mortgagee letters on its Drafting Table for feedback:

CFPB: Companies must follow FCRA rules when tracking employees

Oct 25, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau issued a circular that said that companies using third-party consumer reports must follow Fair Credit Reporting Act rules.

ICBA: Latest Credit Union Acquisition Shows Why a Federal Response Is Needed

Oct 23, 2024 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey today issued the following statement after the 19th acquisition of a tax-paying bank by a tax-exempt credit union in 2024, which expands on this year’s annual record.

ICBA Remains Concerned with CFPB’s 1033 Rule Despite Community Bank Exemption

Oct 22, 2024 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Consumer Financial Protection Bureau’s 1033 final rule released today.

Report: Tokenization’s impact remains uncertain

Oct 22, 2024 | NewsWatch Today
A new report outlines the opportunities, risk, and future considerations for tokenization, or the process of generating and recording a digital representation of traditional assets on a programmable platform.

Mutuals launch ‘Mutuals Matter’ campaign

Oct 22, 2024 | NewsWatch Today
An association of banking leaders from mutual banks across the country launched a new campaign highlighting the community-minded benefits offered by mutuals.

ICBA Foundation raising relief funds for multiple states

Oct 22, 2024 | NewsWatch Today
The ICBA Foundation’s Hurricane Relief Fund continues requesting tax-deductible donations to assist community bankers in Florida, Georgia, North Carolina, and South Carolina affected by Hurricanes Helene and Milton.

ICBA Foundation distributing hurricane relief funds across multiple states

Oct 21, 2024 | NewsWatch Today
The ICBA Foundation’s Hurricane Relief Fund continues requesting tax-deductible donations to assist community bankers in Florida, Georgia, North Carolina, and South Carolina affected by Hurricane Helene and Hurricane Milton.

ICBA requests extension for comments on FDIC’s proposal on custodial accounts

Oct 21, 2024 | NewsWatch Today
ICBA and other groups asked for a 60-day extension to the comment period for the FDIC’s Notice of Proposed Rulemaking on Recordkeeping for Custodial Accounts, which would establish new recordkeeping requirements for “custodial deposit accounts with transactional features” at insured depository institutions.

Fed’s Waller: DeFi’s tech innovations could improve centralized finance

Oct 21, 2024 | NewsWatch Today
Federal Reserve Governor Christopher Waller said the technological innovations stemming from decentralized finance are largely complementary to centralized finance and can help improve it.

FinCEN: Certain telecommunications service providers are exempt from beneficial ownership requirements

Oct 18, 2024 | NewsWatch Today
The Financial Crimes Enforcement Network issued a final rule to clarify that certain telecommunications service providers qualify as “regulated public utilities” and are exempt from the Corporate Transparency Act’s beneficial ownership information reporting requirements. The final rule is effective immediately upon publication in the Federal Register.

FDIC says DIF goal is ahead of schedule

Oct 18, 2024 | NewsWatch Today
The FDIC said the reserve ratio for the Deposit Insurance Fund remains on track to reach the statutory minimum of 1.35% as early as 2026, and ahead of the Amended Restoration Plan deadline of Sept. 30, 2028.

FDIC extends compliance date for some signage rules

Oct 18, 2024 | NewsWatch Today
The FDIC announced that it is extending the compliance date for the new signage and advertising rule from Jan. 1, 2025, to May 1, 2025.