New op-ed: Credit unions that act like big banks should be regulated like them

Oct 3, 2024 | NewsWatch Today
Members of Congress and the American public should consider why credit unions are acting like the nation’s largest banks while enjoying tax and regulatory advantages, according to a new MarketWatch opinion piece (subscription required).

Agencies issue joint statement on institutions affected by Hurricane Helene

Oct 3, 2024 | NewsWatch Today
Federal and state financial regulators issued a joint statement saying they recognize the serious impact of Hurricane Helene on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision.

Survey: Regulatory burden is top community bank concern

Oct 3, 2024 | NewsWatch Today
Regulatory burden has risen to the top of community banker concerns alongside cost of funds, according to the Conference of State Bank Supervisors Annual Community Bank Survey.

ICBA shares tips for Cybersecurity Awareness Month

Oct 2, 2024 | NewsWatch Today
In recognition of Cybersecurity Awareness Month, ICBA released tips to help consumers protect their sensitive financial information and minimize the risk of cyber threats.

FDIC, OCC announce relief for banks affected by Hurricane Helene

Oct 2, 2024 | NewsWatch Today
The FDIC announced regulatory relief to facilitate recovery in areas of Florida, Georgia, North Carolina, and South Carolina affected by Hurricane Helene. The FDIC also published a disaster webpage with more information for banks that are affected.

CFPB issues advisory on medical debt collection

Oct 2, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau issued an advisory opinion that said debt collectors, which may include third-party “revenue cycle management” companies, are violating federal law when they collect on inaccurate or legally invalid medical debts.

ICBA Shares Consumer Tips to Protect Financial Data During Cybersecurity Awareness Month

Oct 1, 2024 | Press Release
In recognition of Cybersecurity Awareness Month this October, the Independent Community Bankers of America (ICBA) offers tips to help consumers protect their sensitive financial information and minimize the risk of cyber threats.

FHFA proposes updates to FHLBank liquidity rules

Oct 1, 2024 | NewsWatch Today
The Federal Housing Finance Agency issued a proposed rule that would amend its regulation of Federal Home Loan Bank unsecured credit limits.

FHFA issues climate risk advisory to FHLBanks

Oct 1, 2024 | NewsWatch Today
The Federal Housing Finance Agency issued an advisory bulletin that provides guidance to the Federal Home Loan Banks on incorporating climate-related risks into their risk-management frameworks.

ICBA continues advocating 1033 exemption in latest report

Oct 1, 2024 | NewsWatch Today
In a new American Banker article (subscription required), ICBA continued its call for the Consumer Financial Protection Bureau to include a community bank exemption in its pending 1033 rule on sharing consumer financial data.

Marketing Made Easier with Ready-to-Use Toolkits

Sep 30, 2024 | Payments Pulse
Whether your bank’s goal is to acquire new card accounts or boost usage from your existing cardholders, marketing plays a key role. No marketing means stagnant portfolios and low revenue.

Lessen the Impact of Card Fraud with ICBA Payments’ Fraud Loss Protection Plan

Sep 30, 2024 | Payments Pulse
Card fraud losses constitute a significant percentage of a bank’s card program’s costs. In fact, according to the Nilson Report, card fraud accounted for $33 billion in losses worldwide in 2022, with $13.6 billion of those losses occurring in the United States.

Leveling Up with Payments

Sep 30, 2024 | Payments Pulse
It’s not an easy time for community banking. Each day, we must balance changing interest rates, increasing fees, new technology demands, and mounting customer expectations, which leaves us wondering what’s left for innovation.

Instant Payments Pilot Opportunity

Sep 30, 2024 | Payments Pulse
In case you missed it, ICBA recently announced a partnership with Pidgin, a company that provides best-in-class faster payments capabilities. The partnership is aimed at supporting community banks on their instant payments journeys, while ensuring they have the options and solutions they need to be competitive as instant payments accelerate in the market.

ICBA Names René Shonerd as Executive Vice President, Chief Information Officer

Sep 30, 2024 | Press Release
The Independent Community Bankers of America® (ICBA) announced today that René Shonerd has joined as executive vice president and chief information officer (CIO).

FHFA advises FHLBanks on credit risk and liquidity

Sep 30, 2024 | NewsWatch Today
The Federal Housing Finance Agency issued an advisory bulletin to the Federal Home Loan Banks that details expectations for providing members with access to advances in a safe and sound manner.

FDIC announces relief for Georgia, Vermont banks

Sep 30, 2024 | NewsWatch Today
The FDIC announced regulatory relief to facilitate recovery in areas of Georgia affected by Tropical Storm Debby and areas of Vermont affected by severe storms, flooding, landslides, and mudslides.

ICBA urging community banker participation in EGRPRA review

Sep 30, 2024 | NewsWatch Today
ICBA recently issued a guide to help community bankers participate in the Economic Growth and Regulatory Paperwork Reduction Act review process launched by banking regulators this year.

ICBA Community tops 4,000 users

Sep 27, 2024 | NewsWatch Today
The ICBA Community online platform continues to grow and has now surpassed 4,000 members.

ICBA push on credit union deals garners more media attention

Sep 27, 2024 | NewsWatch Today
ICBA’s campaign opposing credit union acquisitions of tax-paying community banks continued generating headlines with a new Bloomberg report on the FDIC’s recent policy update on bank mergers.