The Consumer Financial Protection Bureau finalized a rule facilitating the transition away from the LIBOR interest rate index for consumer financial products.
The Financial Crimes Enforcement Network issued a proposed rule to implement ICBA-advocated beneficial ownership reporting provisions of the Corporate Transparency Act passed in 2020.
The Department of Housing and Urban Development released guidance clarifying that special-purpose credit programs that conform with the Equal Credit Opportunity Act and Regulation B generally do not violate the Federal Fair Housing Act.
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the withdrawal of Cornell University law professor Saule Omarova’s nomination to lead the Office of the Comptroller of the Currency.
It’s Friday night and you are enjoying your well-deserved, stress-free night when your work phone rings. It’s your call center manager informing you of a rise in complaints of unauthorized transactions—all at the same merchant.
The financial services industry is constantly under siege against would-be fraudsters seeking to exploit vulnerabilities—system or man-made—to launch an attack.
Static passwords alone are no longer a viable tool for identifying customers. With payments fraud rising year after year, and consumers becoming more comfortable with making payments online, the importance of authentication has never been more crucial.
Loyalty programs are a tremendous tool for community banks to build trust with consumers and deliver an enhanced shopping experience. These cardholder loyalty programs have always been about showing appreciation for customers.
I’m a glass-half-full banker. So, while we can look at 2021 as a year of challenges, we should also take a moment to recognize the opportunities that have emerged in their wake.
ICBA today announced that a dividend of $4.1 million will be shared by nearly 1,200 member banks based on their participation in the ICBA/Travelers insurance program in 2020.
The Consumer Financial Protection Bureau should extend its inquiry of the six largest technology companies to all tech firms that participate in payments and financial services or hold consumer data, ICBA said.
Shares and deposits at federally insured credit unions increased 14.4% in the third quarter from the previous year, the National Credit Union Administration reported.
A U.S. Postal Service pilot program to test postal banking will further complicate already-strained mail delivery, Sen. John Boozman (Ark.) wrote in a new op-ed.
ICBA this week began calling on community bankers to submit personalized comments on the Consumer Financial Protection Bureau’s proposal to implement Dodd-Frank Section 1071 collection and reporting requirements.
ICBA called on senators to support the inclusion of an ICBA-advocated cannabis banking safe harbor as an amendment to a pending defense authorization bill.
Independent Community Bankers of America President and CEO Rebeca Romero Rainey and ICBA Group Executive Vice President of Congressional Relations and Strategy Paul Merski are featured on The Hill’s 2021 list of the top influencers in the nation.
