FinCEN issues AML/CFT priorities

Jul 1, 2021 | NewsWatch Today
The Financial Crimes Enforcement Network issued the first government-wide priorities for anti-money-laundering and counter-financing-terrorism policy.

CFPB reports on 2020 consumer reporting, servicing violations

Jun 30, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau issued a report highlighting legal violations identified by bureau examinations in 2020.

HUD proposes restoring ‘disparate impact’ rule

Jun 30, 2021 | NewsWatch Today
The Department of Housing and Urban Development recently proposed rescinding its 2020 rule interpreting the Fair Housing Act’s "disparate impact" standard and restoring its 2013 rule on discriminatory effects.

As Credit Union-Bank Acquisitions Accelerate, ICBA Urges Congressional Hearings

Jun 18, 2021 | Press Release
The Independent Community Bankers of America today reinforced its call for Congress to investigate tax-exempt credit unions acquiring taxpaying community banks following a resurgence in interstate acquisitions.

Blog: Faster payments have arrived — now what?

Jun 18, 2021 | NewsWatch Today
The pandemic has accelerated the implementation of instant payments and the need for community banks to have a strategy in place, according to the latest Main Street Matters post.

HMDA relief reflected in 2020 reporting data

Jun 18, 2021 | NewsWatch Today
The Federal Financial Institutions Examination Council released 2020 Home Mortgage Disclosure Act data showing the impact of regulatory relief on HMDA reporting.

Ransomware renewing agency crypto response: blog

Jun 18, 2021 | NewsWatch Today
Escalating attacks against critical infrastructure are bringing renewed focus to the role of cryptocurrencies in facilitating criminal activity, which has implications for community banks, ICBA’s Brian Laverdure writes in a new Main Street Matters post.

ICBA Services Network Announces New Community Banker Board Members

Jun 15, 2021 | Press Release
ICBA Services Network, the business services subsidiary of ICBA, today announced the appointments of several high-profile community banker board members.

ICBA Provides Tips for Preventing Elder Financial Abuse

Jun 15, 2021 | Press Release
June 15 is World Elder Abuse Awareness Day, and the Independent Community Bankers of America and its subsidiary, the Senior Housing Crime Prevention Foundation are providing tips for preventing the disturbing trend of elder financial abuse.

Ohio Community Banker to Chair ICBA Reinsurance Board of Directors

Jun 14, 2021 | Press Release
ICBA Reinsurance, the captive reinsurance company of the Independent Community Bankers of America, today announced the election of Jack Hartings, chairman of The Peoples Bank Co. in Coldwater, Ohio, as chairman of the ICBA Reinsurance board of directors.

Georgia Community Banker Named Chairman of ICBA Securities Board of Directors

Jun 11, 2021 | Press Release
ICBA Securities Inc., the broker-dealer subsidiary of the Independent Community Bankers of America, today announced the election of Derek Williams, president and CEO of Century Bank & Trust in Milledgeville, Ga., as chairman of the ICBA Securities board of directors.

Farm Credit System loan volume jumps 10%

Jun 11, 2021 | NewsWatch Today
The Farm Credit Administration released its quarterly report on the ag economy and the performance of the Farm Credit System, whose growth is largely generated by tax free ag real estate lending.

Basel regulators begin vetting crypto capital rules

Jun 11, 2021 | NewsWatch Today
The Basel Committee on Banking Supervision published a public consultation document with preliminary proposals for the prudential treatment of banks' cryptoasset exposures.

FS-ISAC Coronavirus Update, June 11, 2021

Jun 11, 2021 | Coronavirus Update
As the G7 summit kicks off, the US has pledged 500 million doses of vaccine to be given to lower-income countries to help combat the coronavirus pandemic.

ICBA to Congress: Postal banking not the answer

Jun 10, 2021 | NewsWatch Today
ICBA told Congress that postal banking is not the solution to reaching more unbanked Americans and lawmakers should reject such proposals.

Fed outlines instant payments fraud considerations

Jun 10, 2021 | NewsWatch Today
The Federal Reserve released an article on fraud management considerations to evaluate when preparing for instant payments

IRS issues another 2.3M EIPs

Jun 10, 2021 | NewsWatch Today
The IRS said it disbursed more than 2.3 million additional Economic Impact Payments over the past two weeks. The latest batch includes those with official payment dates through June 9.

FS-ISAC Coronavirus Update, June 10, 2021

Jun 10, 2021 | Coronavirus Update
The seven-day average of daily US infections held below 15,000 as of Tuesday, according to data compiled by Johns Hopkins University, down 17% from a week ago and a level not seen since the early days of the pandemic.

FS-ISAC Coronavirus Update, June 9, 2021

Jun 9, 2021 | Coronavirus Update
Declines in US Covid-19 cases, emergency department visits, hospital admissions and deaths were largest in age groups that were most vaccinated. according to a new CDC-published study.

Crapo challenges new bank IRS reporting proposal

Jun 9, 2021 | NewsWatch Today
Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) pushed back against a Biden administration proposal that would require financial institutions to report information on account flows to the IRS.