In the past 24 hours, several ICBA members have reported a new form of fraud they have experienced in their banks this week: check fraud related to home equity lines of credit (HELOC). Members of ICBA's Check Fraud Task Force have also noted an uptick in HELOC-related check fraud.
The Independent Community Bankers of America® (ICBA) hosted its ThinkTECH Accelerator Showcase, marking the conclusion of the latest Accelerator program (AP7). For the first time, the event was held at the Graduate School of Banking at Colorado for nearly 500 bankers and streamed online for a virtual audience.
The Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued a statement today regarding the announcement from federal banking regulators about an ICBA-advocated virtual outreach meeting. This meeting is part of the latest regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA).
Since news broke overnight that an incident at the CrowdStrike cybersecurity firm caused IT outages affecting multiple industries across the globe, ICBA has been closely monitoring the situation in coordination with financial services partners and officials.
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued a statement today supporting Acting Comptroller of the Currency Michael Hsu's recent remarks on banking industry concentration and the separation of banking and commerce.
TCM Bank, N.A., the credit card bank of ICBA Payments, has announced the election of new board members. Robert Barnes, president and CEO of PriorityOne in Magee, Miss.; Brad Bolton, president and CEO of Community Spirit Bank in Red Bay, Ala.; and Anita Drentlaw, president and CEO of New Market in Lakeville, Minn., have joined the board. Additionally, Jack Hartings, Chairman of People Bank Co. of Coldwater, Ohio, who previously served on the board, was elected chair of the TCM Bank Board of Directors.
The Independent Community Bankers of America (ICBA) issued a statement today regarding the Federal Home Loan Bank of New York's recent decision to impose lending restrictions on its member banks.
Washington, D.C. (July 8, 2024) — The Independent Community Bankers of America (ICBA) announced its upcoming ICBA ThinkTECH Accelerator program Showcase will take place at the Graduate School of Banking at Colorado (GSBC). The showcase, marking the culmination of the latest Accelerator program (AP7), is part of ICBA’s commitment to fostering collaborative community bank-fintech partnerships that reflect current market dynamics and future customer needs.
Independent Banker magazine, the monthly publication of the Independent Community Bankers of America® (ICBA), has announced its 2024 Top Lenders. This accolade recognizes outstanding agriculture, commercial, and consumer and mortgage loan producers across three asset size categories.
The federal government underestimates the amount of time and resources community banks dedicate to reporting suspicious activity, the Independent Community Bankers of America (ICBA) told the Financial Crimes Enforcement Network (FinCEN). In a new comment letter and separate joint letter with other financial industry groups, ICBA stated that FinCEN’s estimate that each suspicious activity report (SAR) takes roughly 1.98 hours to file is significantly undervalued.
The Independent Community Bankers of America (ICBA) has expressed strong opposition to the Federal Housing Finance Agency’s (FHFA) conditional approval of Freddie Mac’s proposal to engage in a pilot program to purchase certain single-family closed-end second mortgages. ICBA President and CEO Rebeca Romero Rainey issued a statement on June 24, 2024, highlighting concerns over the decision.
The Independent Community Bankers of America (ICBA) has voiced strong opposition to the Federal Deposit Insurance Corp.'s recent approval of Thrivent Bank, a new industrial loan company (ILC). ICBA President and CEO Rebeca Romero Rainey released a statement expressing concerns over the potential risks posed by ILCs.
The Independent Community Bankers of America (ICBA) and its subsidiary, ICBA CRA Solutions, are providing tips for preventing elder financial abuse in recognition of World Elder Abuse Awareness Day (WEAAD) on June 15. ICBA CRA Solutions hosted a webinar today to highlight resources available to community banks through its Senior Housing Crime Prevention Foundation (SHCPF) to help promote safe living environments for older Americans.
Washington, D.C. (June 10, 2024) — As community banks and small businesses face increasingly burdensome and complex federal regulations, the Independent Community Bankers of America (ICBA) today released findings from a new study on how regulations threaten to restrict small-business lending. ICBA shared these findings in a letter to the federal banking agencies and Consumer Financial Protection Bureau.
Washington, D.C. (June 4, 2024) — Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued a statement following this year’s 12th acquisition of a tax-paying bank by a tax-exempt credit union.
In celebration of National Homeownership Month, the Independent Community Bankers of America (ICBA) is urging current and prospective homeowners to seek guidance from their local community bankers to simplify and make the homebuying process more affordable.