The Independent Community Bankers of America is honoring the contributions of the nation’s nearly 5,000 community banks during April, which is ICBA Community Banking Month.
A former National Credit Union Administration official continued an ongoing series of blog posts raising concerns over credit union acquisitions of community banks.
After the Consumer Financial Protection Bureau last week extended the deadline to comment on "exploitive junk fees" charged by financial institutions, the bureau published another blog post targeting overdraft fees.
The FDIC requested public comment on draft principles that would provide a high-level framework for institutions over $100 billion in assets to manage exposures to climate-related financial risks.
The FDIC issued guidance on how banks it supervises can comply with recently established interagency incident notification requirements, effective May 1.
The OCC issued a bulletin with the designated points of contact banks must use to satisfy recently established interagency incident notification requirements, effective May 1.
The Consumer Financial Protection Bureau said credit card issuers charged $12 billion in late fees in 2020 and that many have made these penalties “a core part of their profit model.”
Decentralized finance platform Ronin Network announced a hack of more than $625 million in cryptocurrencies, possibly the largest crypto hack on record.
Our mission at ICBA Bancard is to deliver flexible, innovative payments and digital commerce solutions that allow community banks to flourish. To this end, ICBA Bancard’s relationship management team is here to help and is just an email or phone call away.
There is a lot happening in the payments world in 2022. As bankers try and digest a steady stream of news related to faster payments, it can be overwhelming to try and keep straight what all the different terms mean, what solutions ride which payment 'rails' or networks, and what actions banks should take in a complex payments landscape to attract and retain customers.
Instant, faster, real-time: no matter how you describe the newest sets of payment rails, there are many questions as to how those payments may be protected.
As we come to the end of the first quarter of 2022, we’re still in the throes of finding our “new normal,” which is shaping everything from our branch strategy to product innovation and beyond. There are several issues deserving of our focus, but for many of us, instant payments has risen to become a necessary priority.
Family Federal Education Loan borrowers, who were not covered by the federal freeze put in place during the pandemic, struggled with their debit payments, and could signal problems ahead for nearly 37 million covered loans and “rising delinquencies once forbearance ends and payments resume,” according to a recent New York Federal Reserve analysis.
The Administration announced the release of its Interagency Task Force on Property Appraisal and Valuation Equity report designed to address racial and ethnic bias in the home appraisal process.
The CFPB’s guidance describes certain business practices related to customer reviews that are generally unlawful under the Consumer Financial Protection Act.
Federal cybersecurity officials called on U.S. critical infrastructure to be prepared to defend against a possible Russian state-sponsored cyberattack.
The Small Business Administration recently disclosed that it will directly contact more than 1,000 lenders after it potentially made erroneous 7(a) program payments to borrowers under Section 1112 of the CARES Act.
Ultimately, the SBA’s plan is to work with lenders to claw back the Section 1112 program mispayments, which do not involve either the Paycheck Protection Program or SBA’s 504 loan program
