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ICBA announces ThinkTECH Accelerator Cohort

Dec 16, 2024 | NewsWatch Today
ICBA announced the selected companies for its eighth ICBA ThinkTECH Accelerator Program (AP8). The solutions represent vendor management, check fraud prevention, integration, digital banking for families, conversational AI, and commercial lending.

FCC eliminates use of Weiss ratings as standard for banks

Dec 16, 2024 | NewsWatch Today
The Federal Communications Commission eliminated the use of the Weiss ratings as the standard for U.S. banks to be considered “acceptable to FCC” for purposes of issuing qualifying program letters of credit.

Report: Gaps in cross-border payment regulation open the door for fraud

Dec 16, 2024 | NewsWatch Today
Inconsistencies in regulations on cross-border payments create opportunities for fraud, money laundering, terrorist financing, and other illicit financial activities, according to the Financial Stability Board.

CFPB issues final rule capping overdraft fees

Dec 13, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau issued a final rule on overdraft services that will cap fees at banks and credit unions with more than $10 billion in assets.

Community bank net income rises in Q3

Dec 13, 2024 | NewsWatch Today
Community bank net income rose 6.7% in the third quarter on higher net interest income and was up 3.9% from a year ago, according to the FDIC’s latest Quarterly Banking Profile.

Report: Most fraud complaints involve crypto

Dec 13, 2024 | NewsWatch Today
Most fraud-related complaints involve fraudulent crypto investments initiated through social media contacts that later develop into relationship confidence scams, according to the Securities and Exchange Commission.

ICBA remembers Past Chairman Bill McQuillan

Dec 12, 2024 | NewsWatch Today
ICBA Past Chairman William "Bill" Leo McQuillan died in Lakewood, Colo., on Dec. 4 at the age of 76. The former president and CEO of City National Bank in Greeley, Neb., served as Nebraska Independent Community Bankers chairman in 1988-1989 and ICBA chairman in 1998-1999.

Wall Street Journal editorial: Tax credit unions

Dec 12, 2024 | NewsWatch Today
Northwest Federal Credit Union’s stadium naming-rights deal with the Washington Commanders points to the need for the federal government to tax credit unions, according to a new Wall Street Journal column.

OCC’s Hsu lauds ICBA check fraud efforts

Dec 12, 2024 | NewsWatch Today
ICBA and many banks are going the extra mile to fight fraud, but banks and industry trade groups cannot effectively address fraud all by themselves, Acting Comptroller of the Currency Michael Hsu said.

ICBA tells Fed to improve discount window, protect FHLBs

Dec 11, 2024 | NewsWatch Today
The Federal Reserve should embrace technology to improve its discount window and preserve the role of the Federal Home Loan Banks in providing liquidity, ICBA told the agency.

FDIC board to discuss budget, AML, bank capital

Dec 11, 2024 | NewsWatch Today
The FDIC announced that its board of directors is scheduled to meet at 10 a.m. (Eastern time) Tuesday, Dec. 17.

’80s-themed ICBA PAC auction set for ICBA LIVE

Dec 11, 2024 | NewsWatch Today
ICBA PAC is hosting its 36th Annual Auction Fundraiser on Wednesday, March 12, during ICBA LIVE in Nashville. Tickets for the ’80s-themed event go on sale Friday, Jan. 3.