Acting Comptroller of the Currency Michael Hsu warned that stablecoins are at risk of experiencing the equivalent of a bank run and called for stricter regulation to promote stability.
House Small Business Committee Ranking Member Blaine Luetkemeyer (R-Mo.) on Wednesday continued speaking out against ICBA-opposed efforts to authorize SBA direct lending under its 7(a) loan program.
The FDIC and Financial Crimes Enforcement Network announced a tech sprint to develop solutions that will help financial institutions and regulators measure the effectiveness of digital identity proofing.
Federal agencies issued a joint cybersecurity advisory on understanding and mitigating Russian state-sponsored cyber threats to U.S. critical infrastructure.
The Independent Community Bankers of America in partnership with The Venture Center, and the State of Arkansas today officially unveiled its fourth annual ICBA ThinkTECH Accelerator cohort during a virtual kickoff event focused on community bank innovation.
TCM Bank, N.A., the credit card bank of ICBA Bancard®, announced the promotions of three of its executives, Terri Howard as executive vice president and chief people officer, C.J. Littrell as executive vice president and chief operating officer and David Gonzalez as executive vice president and chief risk officer.
The 2022 ICBA ThinkTECH Accelerator Program kicks off today with a virtual event to formally introduce the 2022 cohort and launch the immersive 12-week program accelerating community banking innovation.
House Subcommittee on Consumer Protection and Financial Institutions Chairman Ed Perlmutter (D-Colo.) announced on Monday that he will not seek reelection this fall, renewing the urgency to pass legislation that creates a safe harbor for banks serving cannabis-related businesses this Congress.
The 2022 ICBA ThinkTECH Accelerator Program kicks off tomorrow with a virtual event to introduce the 2022 cohort and launch the rigorous 12-week program accelerating community banking innovation.
The Biden administration’s vaccine-or-test mandate for employers with 100 or more employees is scheduled to take effect today unless the U.S. Supreme Court halts enforcement.
The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary report focuses on setting up security awareness training for 2022 to meet regulatory requirements.
ICBA Bancard announced management promotions for Rebecca Kruse who was named executive vice president and chief operating officer and Dina Mickens who was promoted to vice president and manager of operations and fraud.
Jan 7, 2022
| Industry News From Corporate Members
Charles Town, W.Va.-based BCT has experienced rapid growth in recent years after investing heavily in digital banking solutions, namely their website, digital wallets, and mobile deposit features. Still, the bank's previous loan origination system had a manual backend process, leading to a burdensome experience for both borrowers and employees and a lengthy loan turnaround time. To continue growing, BCT needed a loan origination solution with a superior customer front-end and a seamless process, one that would boost efficiencies, enhance customer experience, streamline internal work efforts, and ultimately eliminate unnecessary costs. With Jack Henry, the bank is gaining a centralized and flexible solution that enables lenders to make an informed credit risk decision, track and monitor individual loans as well as manage portfolios.
ICBA today called on the Consumer Financial Protection Bureau to exempt more community banks and small businesses from its proposal to implement new small-business loan data collection and reporting requirements.
The Independent Community Bankers of America today announced several staff promotions in recognition of their efforts to support the nation’s community banks.
