Today, Merrill Wealth Management and IMG Academy announced a three-year partnership to offer more education and resources around financial awareness to student-athletes and their families. The program aims to provide actionable financial education to IMG Academy student-athletes that can help them throughout their student-athlete journey and in life.
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).
Rocket Mortgage, the largest retail mortgage lender in the United States and a part of Rocket Companies (NYSE: RKT), has been ranked #1 in client satisfaction by J.D. Power in mortgage servicing for the 10th consecutive year. This marks the 22nd J.D. Power award received by Rocket Mortgage, which includes 12 top rankings for mortgage origination.
Bank of America celebra dos décadas de ayuda en la preparación de la próxima generación de la fuerza laboral de todo el país para carreras calificadas y de alta demanda a través de su programa filantrópico distintivo, Student Leaders® (#BofAStudentLeaders). Desde su inicio en 2004, el programa ha conectado a estudiantes que cursan el último y penúltimo año de secundaria y que tienen vocación de servicio con pasantías de verano remuneradas de ocho semanas en organizaciones locales sin fines de lucro para que adquieran experiencia laboral y habilidades de liderazgo. Dado que...
Today, the House Financial Services Subcommittee on Housing and Insurance, led by Chairman Warren Davidson (OH-08), is holding a hearing entitled “Housing Solutions: Cutting Through Government Red Tape.”
Bank of America Corporation announced today that its Board of Directors has declared a regular quarterly cash dividend on Bank of America common stock of $0.26 per share, an increase of $0.02 from the previous quarter. The dividend will be payable on September 27, 2024, to shareholders of record as of September 6, 2024.
The American Fintech Council (AFC), a leading industry association representing responsible fintech companies and innovative banks, announced that LatinoProsperity has joined its Community Advisory Board (CAB). LatinoProsperity is a national nonprofit organization dedicated to advancing equitable economic policies for the Latinx community.
Bloom Credit has joined the American Fintech Council (AFC), according to an announcement made by the AFC on July 22, 2024. The AFC, a prominent industry association representing responsible fintech companies and innovative banks, welcomes Bloom Credit as its newest member. Bloom Credit is recognized for its API platform that modernizes credit data reporting, furnishing, and scoring.
Today, the U.S. House of Representatives passed bipartisan financial services legislation aimed at combating the use of financial technology for illicit finance and increasing accountability within the Department of Housing and Urban Development (HUD).
Euromoney Magazine has named Bank of America (BofA) the World’s Best Bank for Markets and the World’s Best Bank for Trade Finance. The bank received a total of 19 awards at Euromoney’s Awards for Excellence gala on July 18 in London, an event that recognizes leadership in financial services.
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.
The American Fintech Council (AFC) has expressed significant disappointment with the Consumer Financial Protection Bureau's (CFPB) recent Interpretive Rule on Earned Wage Access (EWA). AFC CEO Phil Goldfeder stated that the rule contradicts previous guidance and the established interpretation of the Truth in Lending Act (TILA).
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.
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), and Ranking Member Maxine Waters (CA-43) released a staff report from the Committee’s bipartisan Working Group on Artificial Intelligence (AI). The group is led by Digital Assets, Financial Technology and Inclusion Subcommittee Chairman French Hill (AR-02) and Subcommittee Ranking Member Stephen F. Lynch (MA-08). This report culminates six roundtables focused on identifying existing and growing AI use cases across the financial services and housing industries, examining benefits, potential...
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced an upcoming hearing for the Housing and Insurance Subcommittee. The hearing is titled “Housing Solutions: Cutting Through Government Red Tape.”
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.