OCC to propose rescinding CRA rule

Jul 22, 2021 | NewsWatch Today
The OCC said it will propose rescinding its May 2020 Community Reinvestment Act rule and work with other agencies on a joint rulemaking.

CFPB settlement sets Sept. 30 deadline for 1071 proposal

Jul 20, 2021 | NewsWatch Today
A lawsuit on the Consumer Financial Protection Bureau’s implementation of small-business data collection and reporting rules determined that the bureau will issue a proposed rulemaking by Sept. 30, 2021, according to the Ballard Spahr law firm.

FHFA eliminates ICBA-opposed GSE fee

Jul 19, 2021 | NewsWatch Today
ICBA welcomed the Federal Housing Finance Agency’s announcement that it will eliminate an ICBA-opposed fee on refinance loans delivered to the government-sponsored enterprises.

CFPB cautions consumers on ‘buy now, pay later’

Jul 19, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau recently published a blog post for consumers on buy-now-pay-later credit.

ICBA launches fintech investment fund

Jul 19, 2021 | NewsWatch Today
ICBA is forming BankTech Ventures, an investment fund designed to accelerate technology opportunities and adoption at community banks.

ICBA Promotes Mike DeVoll to Assistant Vice President, Marketing Strategy and Execution

Jul 16, 2021 | Press Release
The Independent Community Bankers of America today announced Mike DeVoll’s promotion to assistant vice president of marketing strategy and execution.

ICBA Welcomes End of FHFA Refinance Fee

Jul 16, 2021 | Press Release
Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on today's Federal Housing Finance Agency announcement on the Adverse Market Refinance Fee.

ICBA: Postal banking designed to fail

Jul 16, 2021 | NewsWatch Today
Postal banking is a risky venture for which the U.S. Postal Service is ill suited, ICBA told Congress in its latest issue brief.

ICBA urges grassroots on rural lending tax relief

Jul 16, 2021 | NewsWatch Today
Following the recent Senate introduction of legislation to provide rural lending tax relief, ICBA is calling on community bankers to urge their lawmakers in both chambers of Congress to co-sponsor the measure.

FASB to pursue further CECL improvements

Jul 16, 2021 | NewsWatch Today
The Financial Accounting Standards Board this week agreed to add a project to its technical agenda to investigate the suspension of troubled debt restructuring accounting for entities that have adopted the Current Expected Credit Losses accounting standard.

Child Tax Credit payments start today

Jul 15, 2021 | NewsWatch Today
The IRS today begins distributing Advance Child Tax Credit payments authorized by the American Rescue Plan.

CISA warns of Microsoft Print Spooler vulnerability

Jul 15, 2021 | NewsWatch Today
The Cybersecurity and Infrastructure Security Agency issued Emergency Directive 21-04 on mitigating a vulnerability in the Microsoft Windows Print Spooler service.

FDIC, CFPB update financial education curriculum

Jul 15, 2021 | NewsWatch Today
The FDIC and Consumer Financial Protection Bureau released an enhanced version of the Money Smart for Older Adults financial education curriculum.

Independent Banker Ranks Top Loan Performers

Jul 14, 2021 | Press Release
This month’s issue of Independent Banker, the award-winning magazine of the Independent Community Bankers of America (ICBA) and the number-one source for community banking news, spotlights Main Street’s top-producing lenders.

Agencies propose guidance on third-party relationships

Jul 14, 2021 | NewsWatch Today
Federal banking regulators proposed interagency guidance designed to help banks manage risks associated with third-party relationships, including those with fintech entities.

ICBA Minority Bank Advisory Council Opposes IRS Reporting Proposal

Jul 12, 2021 | Press Release
The Independent Community Bankers of America’s (ICBA) Minority Bank Advisory Council today expressed strong opposition to the Biden administration’s proposal that would require banks to report customer account information to the IRS.

ICBA, BPI Urge Federal Reserve to Clarify, Strengthen Guidelines for Fed Account Access

Jul 12, 2021 | Press Release
The Independent Community Bankers of America and Bank Policy Institute today called on the Federal Reserve to strengthen proposed guidelines for evaluating account and services requests.

Terri Howard Joins TCM Bank as Senior Vice President, People & Culture

Jul 12, 2021 | Press Release
TCM Bank, N.A., the credit card bank of ICBA Bancard®, which is the payments services subsidiary of the Independent Community Bankers of America, announced the hire of Terri Howard as senior vice president of people and culture.

ICBA minority bank council opposes IRS reporting plan

Jul 12, 2021 | NewsWatch Today
ICBA’s Minority Bank Advisory Council today is expressing strong opposition to the Biden administration’s proposal to require banks to report customer account information to the IRS.

White House directs tougher scrutiny of bank mergers

Jul 12, 2021 | NewsWatch Today
President Joe Biden directed the Justice Department and federal banking regulators to more closely scrutinize bank mergers and make it easier for customers to switch banks.