FDIC, CFPB hearings this week

Jun 10, 2024 | NewsWatch Today
A look at some of the hearings taking place this week that are relevant to community bankers.

Another Credit Union Bank Acquisition Subsidized by Taxpayers Demands Response from Policymakers

Jun 4, 2024 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement after this year’s 12th acquisition of a tax-paying bank by a tax-exempt credit union.

Next Generation of Community Bankers Celebrated in ICBA's 40 Under 40 Listing

Jun 3, 2024 | Press Release
Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America (ICBA), announced its sixth annual list of 40 Under 40: Community Bank Leaders.

Simplifying the Path to Homeownership: ICBA Offers Essential Tips for Homebuyers

Jun 3, 2024 | Press Release
In celebration of National Homeownership Month, the Independent Community Bankers of America (ICBA) is encouraging current and prospective homeowners to connect with their trusted local community bankers.

CFPB launches review of mortgage closing fees

May 31, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau launched a public inquiry into what is driving an increase in mortgage closing costs.

Next Generation of Community Bankers Celebrated in ICBA's 40 Under 40 Listing

May 31, 2024 | Press Release
Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America (ICBA), announced its sixth annual list of 40 Under 40: Community Bank Leaders.

Latest Bank Acquisition by Tax-Exempt Credit Union Shows Need for Expansive Congressional Action

May 31, 2024 | NewsWatch Today
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement after the latest acquisition of a tax-paying bank by a tax-exempt credit union.

Community bank net income rises in Q1

May 30, 2024 | NewsWatch Today
Community bank net income rose 6.1% in the first quarter but remained down 13.9% from a year ago, according to the FDIC’s latest Quarterly Banking Profile.

CFPB: Reg E wire transfer exemption doesn’t apply to online transactions

May 30, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau argued in a court filing that online-initiated wire transfers are subject to the Electronic Fund Transfer Act and Regulation E, even though the law exempts transfers made by banks “by means of” a wire service.

SEC warns investors about crypto fraud

May 30, 2024 | NewsWatch Today
The Securities and Exchange Commission issued an investor alert on how fraudsters use cryptoassets to lure victims and hide their identities, which makes recovering stolen funds more difficult.

Treasury issues risk assessment on NFTs

May 30, 2024 | NewsWatch Today
The Treasury Department published its first risk assessment on non-fungible tokens.

Payments Leader Jacob Eisen Named ICBA Payments President and CEO

May 30, 2024 | Press Release
ICBA Payments, the payments-services subsidiary of the Independent Community Bankers of America (ICBA), is pleased to announce the appointment of Jacob Eisen as its new president and CEO, effective immediately.

2024’s 10th Bank Acquisition by Tax-Exempt Credit Union Demands Response

May 24, 2024 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement following the latest acquisition of a tax-paying bank by a tax-exempt credit union.

ICBA Statement on Farm Bill Passage by House Agriculture Committee

May 24, 2024 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on House Agriculture Committee passage of the farm bill, H.R. 8467, on a 33-21 bipartisan vote.

ICBA Commends House Passage of Bill Barring Creation of U.S. Central Bank Digital Currency

May 23, 2024 | Press Release
The Independent Community Bankers of America (ICBA) today commended members of the House of Representatives who successfully voted to pass ICBA-advocated legislation that would restrict the ability of the federal government to introduce a U.S. central bank digital currency.

CFPB rule says BNPL lenders are credit card providers

May 23, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau issued an interpretive rule that says “buy now, pay later” lenders are credit card providers.

ICBA Commends House Passage of Bill Barring Creation of U.S. Central Bank Digital Currency

May 22, 2024 | Press Release
The Independent Community Bankers of America (ICBA) today commended members of the House of Representatives who successfully voted to pass ICBA-advocated legislation that would restrict the ability of the federal government to introduce a U.S. central bank digital currency.

ICBA Statement on Tomorrow’s House Agriculture Committee Farm Bill Markup

May 22, 2024 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on tomorrow’s House Agriculture Committee farm bill markup.

ICBA issues new guide for members on check fraud

May 22, 2024 | NewsWatch Today
ICBA released a community banker guide to check fraud as part of its ongoing effort to address the growing problem.

With farm bill markup tomorrow, ICBA urging grassroots outreach

May 22, 2024 | NewsWatch Today
ICBA is urging community bankers to call and write their members of Congress ahead of tomorrow’s House Agriculture Committee farm bill markup.