The FDIC board of directors scheduled a meeting for next week on a notice of proposed rulemaking on custodial deposit accounts with transaction features and to issue a final statement of policy on bank merger transactions.
ICBA said it agrees with a Financial Stability Board report that nonbank service providers involved in cross-border payments are not subject to the same regulatory scrutiny as banks.
The Independent Community Bankers of America (ICBA) today called on the National Credit Union Administration to bar tax-exempt credit unions from using funds raised from Wall Street investors to finance acquisitions of tax-paying community banks.
Today’s fraud attacks don’t seek out a faster transaction; they look for a chink in the armor and the path of least resistance. That’s why I’m a big believer in cross-channel fraud detection. In this landscape, we must look at a customer and their transactional behavior across platforms, using it as a comparison to identify out-of-character actions and payments.
The Financial Crimes Enforcement Network said it received more than 15,000 reports from financial institutions on mail theft-related check fraud in the six months after it issued an alert on the issue last year.
ICBA and other agricultural stakeholders called on Congress to advance a meaningful farm bill in 2024 that addresses worsening conditions in farm country.
The FBI’s Internet Crime Complaint Center said it received more than 69,000 complaints from the public regarding financial fraud involving the use of cryptocurrency last year.
ICBA announced the winners of the 2024 National Community Bank Service Awards in recognition of the creative and exemplary efforts of the nation’s community banks to help their local communities.
The FDIC and OCC issued bulletins on last week’s interagency announcement that regulators are sunsetting the Cybersecurity Assessment Tool on Aug. 31, 2025.
The Independent Community Bankers of America (ICBA) today announced the winners of its 2024 National Community Bank Service Awards, recognizing the innovative and exceptional efforts of the nation’s community banks to support and uplift their local communities. Stories are featured in the September issue of ICBA's Independent Banker magazine.
After the announcement of the 15th credit union acquisition of a community bank this year, ICBA said the acquisition trend shows credit unions have expanded beyond the limits established by Congress to justify their federal tax exemption.
ICBA told the Financial Crimes Enforcement Network that its proposed rule to update anti-money-laundering and countering-the-financing-of-terrorism programs would create additional burdens on banks without benefitting FinCEN’s efforts to reduce financial crimes.
ICBA said the Federal Reserve’s proposed expansion of Fedwire Funds Service and National Settlement Service hours to 22 hours per day, seven days a week would place significant burdens on community banks for what is likely to be a low volume of transactions.
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey today issued the following statement after this year’s 15th acquisition of a tax-paying bank by a tax-exempt credit union.
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey today issued the following statement on Acting Comptroller of the Currency Michael Hsu’s remarks on evolving bank supervision.
ICBA’s campaign spotlighting credit union tax and regulatory inequities generated new coverage this week with a CNBC segment on acquisitions of community banks.
According to an FBI alert, teams of North Korean malicious cyber actors are targeting specific decentralized finance or cryptocurrency-related businesses with social engineering to gain unauthorized access to the companies’ networks to deploy malware and steal cryptocurrency.
Following a district court decision denying ICBA’s lawsuit challenging the Consumer Financial Protection Bureau’s 1071 small-business rule, ICBA is now appealing the ruling.
