Advocacy

Technology

ICBA IT Outsourcing
Pre-Decisioning Questionnaire


Is your bank contemplating a new project to obtain strategic IT capabilities? Don’t know where to start? Weighing the pros and cons of IT outsourcing can be stressful.

Use this interactive quiz to evaluate your bank’s unique circumstances, the risks and regulatory requirements, and balance these considerations against the advantages of outsourcing your key IT capabilities.

Additional information is available in the IT Outsourcing white paper.

Take the quiz

Publications

Core Processor Resource Guide

Resource Guide

A community bank’s core processor should be a strategic partner that supports the bank’s long-term business objectives.

The ICBA Core Processor Resource Guide will help community banks with some of the more important aspects of managing this relationship to maximize the return on their technology investments.

Is your bank contemplating a new project to obtain strategic IT capabilities? Don’t know where to start? Visit our technology advocacy page for useful resources and documents.

FREE for members
Members Only Webinar

Optimizing Your Core Processor Relationship

Learn how to better optimize your core processor relationship with this member-exclusive webinar recorded April 14, 2021.

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Letters

Title Recipient Date
Consumer Protection Financial Bureau 01/09/24
Office of Management and Budget 12/05/23
CFPB 08/02/22
Federal Reserve Board 04/22/22
House Financial Services Committee 04/05/22
Sens. Cruz, Braun, Grassley 04/04/22
Rep. Tom Emmer 04/04/22
DOJ 02/15/22
FinCEN 02/08/22
CFPB 12/06/21
Basel Committee on Banking Supervision 09/10/21
FDIC, Fed, OCC 07/30/21
FDIC 07/15/21
OCC, Fed, FDIC, CFPB, NCUA 07/14/21
Fed 07/12/21
Reps. Madeleine Dean and Kelly Armstrong 06/11/21
House of Representatives 05/24/21
117th Congress 05/06/21
FDIC, OCC, Fed, CFPB, NCUA 04/22/21
CFPB, FDIC, Fed, OCC 03/08/21
OCC 03/02/21
OCC 02/12/21
OCC 01/08/21
FinCEN 01/04/21
OCC 12/07/20
OCC 11/20/20
116th Congress 10/15/20
Fed 10/05/20
U.S. House Task Force on Financial Technology 09/29/20
FDIC 09/22/20
OCC 08/04/20
FCC 05/22/20
FCC 04/20/20
FCC 03/31/20

Barr: Fed program on novel activities will continue to grow

Sep. 11, 2023

The Federal Reserve’s new program to supervise novel, technology-driven activities in the banks it oversees will continue to grow as new technologies emerge, Fed Vice Chair for Supervision Michael Barr said.

Barr Remarks: Speaking in Philadelphia, Barr said the program is focused on crypto-assets, distributed ledger technology, and complex technology-driven bank partnerships with nonbank fintechs. Citing concerns with dollar-pegged stablecoins, Barr said the program—which the Fed announced last month—is designed to provide clarity as well as timely and relevant feedback to the institutions it supervises.

Fed Policy Statement: The Fed said in August that its announcements are in line with its January policy statement clarifying that its regulatory limitations apply to both insured and uninsured depository institutions. That policy statement also said crypto activities—such as issuing stablecoins on decentralized networks—are “highly likely to be inconsistent with safe and sound banking practices.”

CBDC Research: Barr also said that while the Fed continues to conduct basic research in emerging technologies that might support a central bank digital currency, it has made no decision on issuing a CBDC. In a new paper from the Fed, researchers said a new settlement asset in the form of central bank money is not essential for a tokenized wholesale payment system.

ICBA View: ICBA has repeatedly called on policymakers to ensure new policies directed at the crypto sector fully reflect its risks, to prioritize research on the specific effects of digital assets on community banks and their customers, and to oppose the formation of a U.S. central bank digital currency.

Testimony

Title Committee Presenter Date
Senate Banking Hearing 02/15/22
Senate Banking Committee Written Statement 12/14/21
House Financial Services Committee Written statement 12/07/21
Committee on Banking, Housing and Urban Affairs ICBA 04/28/21
HSFC 09/29/20
Senate Banking, Housing, and Urban Affairs Committee Written Statement 09/12/17