The Financial Crimes Enforcement Network updated its beneficial ownership information frequently asked questions, Small Entity Compliance Guide, quick reference materials, and informational video.
The Independent Community Bankers of America (ICBA) today commended the House for passing a bipartisan, ICBA-advocated resolution (S.J.Res.32) to nullify the Consumer Financial Protection Bureau’s Section 1071 small-business data collection and reporting requirements and urged President Joe Biden to sign it into law. Today’s bipartisan vote follows the recent bipartisan Senate passage of the measure, which came after sustained ICBA and community banker grassroots advocacy.
ICBA is calling on community bankers to urge their members of Congress to support a resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule ahead of a House vote slated for today.
Consumer Financial Protection Bureau Director Rohit Chopra faced questions from Congress about the bureau’s Section 1071 small-business data reporting rule.
The December cover story of Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America (ICBA), spotlights this year’s Best Community Banks to Work For recipients.
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Conference of State Bank Supervisors announcement that Brandon Milhorn has been named its next president and CEO.
ICBA said it agrees with an FDIC proposal to implement resolution planning for banks with at least $100 billion in assets but said banks between $50 billion and $100 billon should generally be exempt.
Community banks reported a 4.8% third-quarter decline in net income from the previous quarter and a 15% decrease from the same period a year ago, according to the FDIC’s latest Quarterly Banking Profile.
ICBA is calling on community bankers to urge their members of Congress to support a resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule ahead of a House vote slated for this week.
The Financial Crimes Enforcement Network extended the deadline for certain reporting companies to file their initial reports on beneficial ownership information.
Nov 29, 2023
| Industry News From Corporate Members
VeraBank, a community bank headquartered in Henderson, TX, partnered with nCino to modernize lending processes and streamline employee and customer experiences.
Nov 29, 2023
| Industry News From Corporate Members
nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that Honor Bank, a full-service community bank in Northern Michigan, is live on the nCino Cloud Banking Platform. The Bank implemented nCino's Commercial Banking Solution in just six months.
With the House expected to vote this week on an ICBA-advocated resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA is calling on community bankers to urge their members of Congress to support the measure.