2024 Summer Internship Diaries - Vol. 2

Oct 4, 2024 | News
As we finish our second week here at ICBA, we already have made incredible memories with fellow interns and other ICBA employees. The workplace culture is vibrant and supportive, and we all have grown to appreciate it even in the short time we have been working here.

2024 Summer Internship Diaries - Vol. 1

Oct 4, 2024 | News
Last week, we began our internship program here at ICBA. Starting a new position is an exciting time, but it comes with unique challenges that we must face together. The first week is critical, where we learn, work, and create with others for the first time.

ICBA Foundation raising funds for Hurricane Helene relief

Oct 4, 2024 | NewsWatch Today
The ICBA Foundation Disaster Relief Program is requesting tax-deductible donations to assist community banks and employees affected by Hurricane Helene.

ICBA: Record-setting 17th credit union acquisition requires response

Oct 4, 2024 | NewsWatch Today
Following this year’s 17th acquisition of a tax-paying community bank by a tax-exempt credit union—a new single-year record—ICBA repeated its call for policymakers to respond.

Swift to start live trials of digital asset transactions next year

Oct 4, 2024 | NewsWatch Today
Swift announced that banks and central banks across North America, Europe, and Asia in 2025 will be able to use its network to conduct pilot transactions in digital assets and central bank digital currencies.

Record-High Community Bank Acquisitions by Tax-Exempt Credit Unions Requires Policy Response

Oct 3, 2024 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey today issued the following statement after this year’s 17th acquisition of a tax-paying bank by a tax-exempt credit union — a new single year record.

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.