ICBA, state groups endorse Senate bill to close ILC loophole

Jan 24, 2024 | NewsWatch Today
ICBA and affiliated state community banking associations expressed strong support for Senate legislation to permanently close the industrial loan company loophole.

ICBA urges expanded efforts to combat crypto mixers

Jan 24, 2024 | NewsWatch Today
ICBA called on the Financial Crimes Enforcement Network to expand on its proposal to combat crime enabled by cryptocurrency mixers.

ICBA calls on administration to protect crop insurance

Jan 24, 2024 | NewsWatch Today
ICBA and other groups called on the Biden administration to protect crop insurance from harmful cuts as it develops its budget proposal for fiscal 2025.

ICBA pushing grassroots on ‘trigger leads’ bill

Jan 24, 2024 | NewsWatch Today
ICBA is calling on community bankers to urge their members of Congress to co-sponsor bipartisan legislation designed to help protect the financial privacy of mortgage applicants.

ICBA LIVE 2024 lowest pricing ends next week

Jan 23, 2024 | NewsWatch Today
Friday, Feb. 2, is the deadline for lowest pricing for ICBA LIVE 2024 in Orlando, Fla.

ICBA urging grassroots outreach on ‘trigger leads’ bill

Jan 23, 2024 | NewsWatch Today
ICBA is calling on community bankers to urge their members of Congress to co-sponsor bipartisan legislation designed to help protect the financial privacy of mortgage applicants.

Fed extends comment period on interchange proposal

Jan 23, 2024 | NewsWatch Today
The Federal Reserve delayed the comment deadline on its proposal to lower the maximum interchange fee that covered debit card issuers may receive for debit card transactions, as advocated by ICBA.

Atlanta Fed reports on lagging credit union oversight

Jan 23, 2024 | NewsWatch Today
A Federal Reserve Bank of Atlanta report following a series of ransomware attacks on credit unions last year noted that the National Credit Union Administration has no enforcement authority over third-party service providers.

Community Banks to Convene in Orlando for ICBA LIVE 2024

Jan 22, 2024 | Press Release
Register today for the Independent Community Bankers of America’s (ICBA) national convention, ICBA LIVE 2024 — the largest, most comprehensive educational and networking event for the nation’s community bankers.

ICBA seeking videos on how community banks are ‘here for good’

Jan 22, 2024 | NewsWatch Today
ICBA is calling on community bankers to submit videos on how their banks represent the ICBA LIVE 2024 theme: Here for Good.

Stabenow outlines farm bill safety net principles

Jan 22, 2024 | NewsWatch Today
Senate Agriculture Committee Chairwoman Debbie Stabenow (D-Mich.) sent a letter to committee members outlining her plan for the farm safety net in the 2024 farm bill.

FDIC demands entities cease false deposit insurance claims

Jan 22, 2024 | NewsWatch Today
The FDIC issued letters demanding five entities and certain associated parties cease and desist from making false and misleading statements about FDIC deposit insurance.

CISA issues emergency directive on Ivanti vulnerabilities

Jan 22, 2024 | NewsWatch Today
The Cybersecurity and Infrastructure Security Agency issued an emergency directive that requires agencies to implement vendor-published mitigation guidance immediately to Ivanti Connect Secure and Ivanti Policy Secure solutions.

ICBA urges credit union hearing following Navy Federal reports

Jan 19, 2024 | NewsWatch Today
ICBA called on congressional committees to convene a hearing on credit union lending practices and oversight following reports of discriminatory lending at Navy Federal Credit Union.

Huizenga: SEC underestimates cost of climate disclosure proposal

Jan 19, 2024 | NewsWatch Today
House Financial Services Subcommittee on Oversight and Investigations Chairman Bill Huizenga (R-Mich.) said the Securities and Exchange Commission has dramatically underestimated the cost of its proposed rule to institute climate-related investor disclosures.

Hsu calls for new liquidity standards for midsize, large banks

Jan 19, 2024 | NewsWatch Today
Acting Comptroller of the Currency Michael Hsu called for new regulations that would require midsize and large banks to have sufficient liquidity to cover stress outflows over a five-day period.

Stablecoins top choice for crypto scams: report

Jan 19, 2024 | NewsWatch Today
Stablecoins last year were used in 70% of crypto scam transactions and more than 80% of crypto payments to sanctioned countries, individuals, and companies, according to a new report.

CFPB issues overdraft proposal with community bank exemption

Jan 18, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau issued a proposed rule on overdraft services that would exempt community banks under $10 billion in assets.

Agencies start 10-year regulatory review

Jan 18, 2024 | NewsWatch Today
Federal banking regulators kicked off their decennial review of agency rules under the Economic Growth and Regulatory Paperwork Reduction Act.

OCC issues guidance on shorter securities settlement cycle

Jan 18, 2024 | NewsWatch Today
The OCC said banks should prepare for a change in the standard securities settlement cycle for most U.S. securities transactions, effective May 28.