Senate hearing this week on FDIC chair nomination

Jul 8, 2024 | NewsWatch Today
Senate hearing this week on FDIC chair nomination

ICBA ThinkTECH Accelerator Showcase Hosted at Graduate School of Banking at Colorado

Jul 8, 2024 | Press Release
The Independent Community Bankers of America (ICBA) announced its upcoming ICBA ThinkTECH Accelerator program Showcase will take place at the Graduate School of Banking at Colorado (GSBC). The showcase, which marks the culmination of the latest Accelerator program (AP7), is part of ICBA’s commitment to fostering collaborative community bank-fintech partnerships that reflect current market dynamics and future customer needs.

Best Community Banks to Work For nominations due today

Jul 5, 2024 | NewsWatch Today
Nominations for Independent Banker magazine’s 2024 Best Community Banks to Work For awards are due today. Eligible community banks must submit nominations by 11:59 p.m. (Eastern time).

ICBA to CISA: Exempt community banks from cyber reporting proposal

Jul 5, 2024 | NewsWatch Today
ICBA called on the Cybersecurity and Infrastructure Security Agency to exempt community banks from new cyber reporting rules.

Basel Committee moves forward on crypto standards

Jul 5, 2024 | NewsWatch Today
The Basel Committee on Banking Supervision announced that it has reviewed the comments on its proposed crypto asset exposure disclosure and amendments to its standard on banks’ exposure to crypto assets.

ICBA Independent Banker Recognizes Community Banks in Top Lenders List

Jul 3, 2024 | Press Release
Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America® (ICBA), has announced its 2024 Top Lenders. This accolade recognizes outstanding agriculture, commercial, and consumer and mortgage loan producers across three asset size categories.

ICBA: FinCEN underestimates suspicious activity reporting burden

Jul 3, 2024 | NewsWatch Today
The Financial Crimes Enforcement Network underestimates the amount of time and resources community banks dedicate to reporting suspicious activity, ICBA told the agency.

CISA adds cyberattack vulnerability to catalog

Jul 3, 2024 | NewsWatch Today
The Cybersecurity and Infrastructure Security Agency added the Cisco NX-OS Command Injection Vulnerability to its Known Exploited Vulnerabilities Catalog.

CFPB spotlights violations from recent exams

Jul 3, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau said that its recent examinations revealed unfair, deceptive, or abusive acts at companies servicing auto loan and student loans; Fair Debt Collection Practices Act violations by debt collectors; and issues with medical payment products.

ICBA: Government Underestimates Suspicious Activity Reporting Burden

Jul 2, 2024 | Press Release
The federal government underestimates the amount of time and resources community banks dedicate to reporting suspicious activity, the Independent Community Bankers of America (ICBA) told the Financial Crimes Enforcement Network.

Independent Banker showcases top lenders of 2024

Jul 2, 2024 | NewsWatch Today
This month’s Independent Banker magazine recognizes the top lenders of 2024, the top community bank loan producers based on 2023 FDIC data.

Op-ed: Credit unions unfairly using tax breaks

Jul 2, 2024 | NewsWatch Today
Large credit unions are using the savings from their federal tax exemption to acquire taxpaying community banks at an alarming rate, Mississippi Bankers Association President and CEO Gordon Fellows writes in a new op-ed.

Agencies release updated mortgage survey data

Jul 2, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau and Federal Housing Finance Agency published updated loan-level data collected through the National Survey of Mortgage Originations.

ICBA Services Network Appoints Ohio Community Banker as New Chairman

Jun 28, 2024 | Press Release
ICBA Services Network, the business-services subsidiary of the Independent Community Bankers of America (ICBA), today announced the election of Shon Myers, chairman, president and CEO of Farmers & Merchants Bank in Miamisburg, Ohio, as chairman of the board of directors.

Fed’s Bowman cites concerns with credit union bank acquisitions

Jun 28, 2024 | NewsWatch Today
Federal Reserve Governor Michelle Bowman raised concerns with credit union acquisitions of banks, noting the tax-exempt financial firms are exempt from the Community Reinvestment Act.

ICBA urges senators to co-sponsor bill to close ILC loophole

Jun 28, 2024 | NewsWatch Today
ICBA urged senators to co-sponsor ICBA-advocated legislation to permanently close the industrial loan company loophole.

Data privacy bill markup canceled

Jun 28, 2024 | NewsWatch Today
The House Energy and Commerce Committee canceled the scheduled markup of the American Privacy Rights Act following concerns about the bill.

GM withdraws ILC charter application

Jun 27, 2024 | NewsWatch Today
General Motors withdrew its ICBA-opposed application for deposit insurance, suspending its bid to form an industrial loan company.

Sen. Stabenow: It’s time to pass a farm bill

Jun 27, 2024 | NewsWatch Today
Senate Agriculture Committee Chair Debbie Stabenow (D-Mich.) called for negotiations on the next farm bill.

Fed’s Bowman recommends Basel III Endgame changes

Jun 27, 2024 | NewsWatch Today
Federal Reserve Governor Michelle Bowman said she sees a path forward for implementing proposed Basel III Endgame capital rules that addresses concerns with their effectiveness and efficiency.