DOJ announces first credit union redlining settlement

Oct 11, 2024 | NewsWatch Today
The Justice Department announced that Citadel Federal Credit Union has agreed to pay more than $6.5 million to resolve allegations that it engaged in lending discrimination by redlining predominantly Black and Hispanic neighborhoods in and around Philadelphia.

ICBA: Credit union tax subsidies continue driving record-high acquisitions

Oct 10, 2024 | NewsWatch Today
Following the 18th credit union acquisition of a community bank this year—and the fifth in Washington state—ICBA said Congress should address antiquated credit union policies.

ICBA raises relief funds, posts online resources

Oct 10, 2024 | NewsWatch Today
The ICBA Foundation Disaster Relief Program continues requesting tax-deductible donations to assist community banks and employees affected by Hurricane Helene.

Fed’s Jefferson encourages input on discount window

Oct 10, 2024 | NewsWatch Today
Federal Reserve Vice Chair Philip Jefferson encouraged comments on the Fed’s request for information on “operational frictions” associated with the discount window and intraday credit.

As Credit Union Tax Subsidies Drive Record-High Acquisitions of Tax-Paying Community Banks, Policymakers Should Respond

Oct 9, 2024 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey today issued the following statement after this year’s 18th acquisition of a tax-paying bank by a tax-exempt credit union — expanding on this year’s annual record.

Independent Banker highlights cybersecurity role for generative AI

Oct 9, 2024 | NewsWatch Today
Generative artificial intelligence could help community banks identify potentially fraudulent activity and security flaws, according to the latest Independent Banker magazine.

FDIC extends comment period for brokered deposit proposal

Oct 9, 2024 | NewsWatch Today
The FDIC extended the comment period on its proposed rule on brokered deposits from Oct. 22 to Nov. 21.

FDIC extends comment period on deposits RFI

Oct 9, 2024 | NewsWatch Today
The FDIC extended until Dec. 6 the comment period on its request for information on deposits, as advocated by ICBA.

ICBA encouraging Payments Video Challenge promotion

Oct 8, 2024 | NewsWatch Today
ICBA is encouraging community bankers to spread the word about the Payments Innovation Alliance’s Payment Video Challenge to raise awareness of financial scams.

ICBA supports adoption of changes to Nacha rules

Oct 8, 2024 | NewsWatch Today
ICBA expressed support for a Bureau of the Fiscal Service proposal to adopt the 2022, 2023, and 2024 amendments to the Nacha rules.

OCC: Banks affected by Hurricane Milton can close

Oct 8, 2024 | NewsWatch Today
The OCC issued a proclamation allowing national banks, federal savings associations, and federal branches to close offices in areas of Florida affected by Hurricane Milton.

Independent Banker shares tips for a successful core conversion

Oct 7, 2024 | NewsWatch Today
Core conversions can be challenging for community banks but there are ways to make the process painless, according to the latest Independent Banker magazine.

Agencies adjust regulatory thresholds

Oct 7, 2024 | NewsWatch Today
Federal regulators announced 2025 updates to key regulatory thresholds.

ICBA Foundation raising funds for Hurricane Helene relief

Oct 7, 2024 | NewsWatch Today
The ICBA Foundation Disaster Relief Program is requesting tax-deductible donations to assist community banks and employees affected by Hurricane Helene.

2024 Summer Internship Diaries - Vol. 8

Oct 4, 2024 | News
After 9 amazing weeks at ICBA this summer, we have reached our final day as interns. All 6 of us worked in different departments and we each had a unique and amazing experience.

2024 Summer Internship Diaries - Vol. 7

Oct 4, 2024 | News
We wrapped up our second to last week at ICBA with exciting and fulfilling activities. On Wednesday, we had our Senior Leader Lunch with Alex Galeano. On Thursday, we had our fun HR Outing, where we learned to play pickleball at Kraken Courts.

2024 Summer Internship Diaries - Vol. 6

Oct 4, 2024 | News
As we approach the final few weeks as interns here at ICBA, we have been thinking about our futures while looking back on the time we have spent here this summer.

2024 Summer Internship Diaries - Vol. 5

Oct 4, 2024 | News
After a restful 4th of July week, we were excited to return to a full week of exciting activities. We kicked off the week with a volunteer activity at Food and Friends, a local social services organization that prepares, packages, and delivers medically tailored meals.

2024 Summer Internship Diaries - Vol. 4

Oct 4, 2024 | News
After four weeks as interns at ICBA, we have continued to have new and exciting experiences together which have all felt valuable to our time here.

2024 Summer Internship Diaries - Vol. 3

Oct 4, 2024 | News
Last week was jam packed with exciting events and opportunities that we all enjoyed participating in. All of us interns have had time to develop skills within the workplace, and we have all delighted in taking on new projects within our departments.