Treasury Secretary Janet Yellen said her department is committed to ensuring the ongoing health and competitiveness of the community banking system, reflecting ICBA’s calls for policymakers to ensure deposit insurance policy does not pick winners and losers in the banking system.
ICBA called on the Financial Crimes Enforcement Network to modify its proposed form for collecting beneficial ownership information from reporting companies.
The Consumer Financial Protection Bureau announced an updated survey of credit card issuers designed to help consumers and families compare interest rates and other features when shopping for a new credit card.
Independent Community Bankers of America President and CEO Rebeca Romero Rainey today issued the following statement on today’s remarks from Treasury Secretary Janet Yellen.
The Consumer Financial Protection Bureau issued a final rule to make non-substantive corrections and updates to federal agency contact information in Regulations B, E, F, J, V, X, Z, and DD.
ICBA continues to distinguish community banks from larger and riskier financial institutions among policymakers and the news media in the wake of recent large bank failures, ICBA President and CEO Rebeca Romero Rainey said in a weekend alert to community bankers.
The FDIC announced a purchase-and-assumption agreement with Flagstar Bank of Hicksville, N.Y., for substantially all deposits and certain loan portfolios of Signature Bridge Bank.
The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary warns that community institutions should anticipate that cybercriminals will attempt to capitalize on uncertainty following the collapse of Silicon Valley Bank.
President Joe Biden called on Congress to authorize tougher penalties for senior bank executives whose mismanagement contributed to their institutions failing.
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s testimony from Treasury Secretary Janet Yellen that uninsured deposits will be protected only at depository institutions that pose systemic risks to the financial system.
Derek B. Williams, president and CEO of Century Bank & Trust in Milledgeville, Ga., was elected chairman of the Independent Community Bankers of America (ICBA) for 2023-24. His term begins March 16 at the conclusion of the ICBA LIVE national convention in Honolulu.
The Independent Community Bankers of America today announced the election of its 2023-24 Executive Committee during the 2023 ICBA LIVE national convention in Honolulu.
With the National Credit Union Administration meeting today on a rule to relax restrictions on issuing subordinated debt, a former NCUA official raised concerns in a recent blog post.
Incoming Independent Community Bankers of America Chairman Derek Williams urged community banks attending ICBA LIVE to fuel a legacy of compassion, courage and commitment that attracts and inspires others and illuminates the path forward.
It has been a continuous conversation over the past several years, and one that is gaining further momentum with each reported data breach—when, or should, banks shift to passwordless authentication?
Fraud remains a pervasive and growing problem for community banks—with tangible losses. According to a survey from LexisNexis Risk Solutions, every dollar lost to fraud costs U.S. financial services firms $4.23, 16 percent higher than in 2020.
Fraud remains a pervasive and growing problem for community banks—with tangible losses. According to a survey from LexisNexis Risk Solutions, every dollar lost to fraud costs U.S. financial services firms $4.23, 16 percent higher than in 2020.
As the payment card industry continues to strengthen its overall fraud posture with the introduction of security features like machine learning fraud detection, chip cards, EMV 3DS (previously termed 3DS 2.0), and one-time passcodes, criminals have resorted to classic techniques such as social engineering to successfully perpetrate account takeover attempts.
As consumer smart phone adoption has grown over the years, so has the share of online purchases transacted via mobile devices—and with it, incidents of fraud.
