CFPB webinar next week on 1071 rule

Jun 23, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau is hosting a webinar next week on its 1071 rule on small-business lending.

ICBA Services Network Announces Appointments to its Community Banker-led Board of Directors

Jun 22, 2023 | Press Release
ICBA Services Network, the business-services subsidiary of the Independent Community Bankers of America (ICBA), today announced the election of Robert Barnes, president and CEO of Priority One Bank in Magee, Miss.; Ruth Christopher, secretary of Amador Bancshares Inc. in Las Cruses, N.M.; and Doug Ouellette, chief community banking officer of Mercantile Bank in Mt. Pleasant, Mich., to its board of directors.

ICBA Bancard Names New Mexico Community Banker as Chairman While Michigan Community Banker Joins Board

Jun 21, 2023 | Press Release
ICBA Bancard, the payments-services subsidiary of the Independent Community Bankers of America (ICBA), announced the election of Ruth Christopher, board member for Citizens Bank of Las Cruces, N.M., and secretary of its holding company, Amador Bancshares Inc., as chairman of the ICBA Bancard board of directors.

Fed publishes master account database

Jun 20, 2023 | NewsWatch Today
The Federal Reserve Board published a database of financial institutions with access to, or requests to access, Federal Reserve Bank master accounts and services.

FDIC revises guidance on re-presentment fees following ICBA outreach

Jun 20, 2023 | NewsWatch Today
The FDIC updated its supervisory guidance on multiple re-presentment nonsufficient funds fees to clarify that it will not ask institutions to conduct a lookback review absent a likelihood of substantial consumer harm.

Senate committee taking up bank executive clawback bill tomorrow

Jun 20, 2023 | NewsWatch Today
The Senate Banking Committee tomorrow is scheduled to take up legislation that would expand existing regulatory authority to claw back compensation from the executives of certain failed banks.

Fed nominees, Powell appearing at committees this week

Jun 20, 2023 | NewsWatch Today
In addition to the Senate Banking Committee markup, there are several key committee hearings this week.

Join ICBA’s ThinkTECH Accelerator Showcase June 28 & 29

Jun 16, 2023 | Press Release
The Independent Community Bankers of America (ICBA) will host a two-day ICBA ThinkTECH Accelerator event featuring cohort graduates, where they will showcase their community bank offerings following their 10-week intensive bootcamp.

Pro-Russia hackers planning attacks on financial targets: alert

Jun 16, 2023 | NewsWatch Today
Pro-Russia hackers are planning to conduct cyberattacks against Western financial targets, including Swift and the Federal Reserve, according to an alert from the U.S. government.

CFPB says it’s working to streamline mortgage-servicing rules

Jun 16, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau said it will use stakeholder input to propose ways to simplify and streamline mortgage servicing rules.

FDIC issues new cease-and-desist letters on deposit insurance claims

Jun 16, 2023 | NewsWatch Today
The FDIC issued a new series of letters demanding four nonbank entities cease making false or misleading representations about deposit insurance.

Grassroots continues on 1071, rural lending efforts

Jun 16, 2023 | NewsWatch Today
ICBA continues calling on community bankers to use its Be Heard grassroots resource center to urge their members of Congress to support resolutions and policies that affect community bankers across America.

ICBA and Senior Housing Crime Prevention Foundation Share Tips to Help Prevent Elder Financial Abuse

Jun 15, 2023 | Press Release
The Independent Community Bankers of America (ICBA) and its affiliate, the Senior Housing Crime Prevention Foundation (SHCPF), are providing tips for preventing elder financial abuse in recognition of World Elder Abuse Awareness Day on June 15.

Lawmakers press Chopra on 1071 rule in House hearing

Jun 15, 2023 | NewsWatch Today
Members of Congress continued to press Consumer Financial Protection Bureau Director Rohit Chopra on the bureau’s ICBA-opposed Section 1071 data-collection rule during a second day of hearings on Capitol Hill.

ICBA supports SEC proposal to include more crypto firms in ‘exchange’ definition

Jun 15, 2023 | NewsWatch Today
ICBA expressed support for a Securities and Exchange Commission proposal confirming that crypto exchanges must follow the same rules of the road as other entities that trade securities.

Compensation survey closes today

Jun 15, 2023 | NewsWatch Today
Today is the deadline to participate in the 2023 Crowe Financial Institutions Compensation and Benefits Survey.

OCC: Banks should be ‘on balls of their feet’ in monitoring risk

Jun 15, 2023 | NewsWatch Today
While the overall strength of the federal banking system is sound, banks should be “on the balls of their feet” regarding risk management, the OCC said in its latest Semiannual Risk Perspective.

Chopra: CFPB to solicit 1033 comments in coming months

Jun 13, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau expects to seek comments on its pending rulemaking to establish standards for sharing consumer financial data in the coming months, CFPB Director Rohit Chopra said.

Entering the Era of Instant Payments

Jun 13, 2023 | Payments Pulse
On March 15 during the final general session at ICBA LIVE, the Federal Reserve announced that it will launch its much-anticipated FedNow Service in July. With instant payments already a central topic of discussion, this news added to the buzz.

Instant Payments and Digital Transformation Go Hand in Hand

Jun 13, 2023 | Payments Pulse
At ICBA Bancard, we continue to arm bankers with information and resources to support their instant payments and digital transformation (icba.org/digital-transformation) journeys.