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The ICBA Newsroom collects and centralizes all the NewsWatch Today articles, press releases, Main Street Matters blogs, advocacy letters and other news that impacts community bankers.

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Bowman: Fed to offer best practices on fintech partnerships

The Federal Reserve plans to publish a white paper early next year on community bank partnerships with fintech companies and effective practices for managing those arrangements, Fed Governor Michelle "Miki" Bowman told ICBA community bankers.
December 07, 2020 | ICBA NewsWatch Today   Technology Fintech Innovation Fintech Regulation 

ICBA urges Congress to pass 'beneficial owner' reform

ICBA called on members of Congress to pass a compromise defense spending bill that includes a key step toward ICBA-advocated relief from "beneficial ownership" disclosure mandates.
December 07, 2020 | ICBA NewsWatch Today   BSA/AML 

ARRC issues guide on LIBOR developments

The Alternative Reference Rates Committee released a guide and webinar recording on recent announcements on the transition from U.S. dollar LIBOR.
December 07, 2020 | ICBA NewsWatch Today   Lending 

'Beneficial owner' reform included in defense bill set for final vote

ICBA-advocated legislative language to provide relief from "beneficial ownership" disclosure mandates is included in compromise spending legislation headed to a final congressional vote.
December 04, 2020 | ICBA NewsWatch Today   BSA/AML 

ICBA pushes PPP expense deductibility

ICBA and more than 500 other groups called on Congress to pass a technical correction amending the CARES Act to explicitly provide that PPP loan-forgiveness funds that cover business expenses are tax deductible.
December 04, 2020 | ICBA NewsWatch Today  

Scott, Thompson set to take over House Ag Committee

Rep. David Scott (D-Ga.) will be the next House Agriculture Committee chairman after winning the vote of the House Democratic Caucus.
December 04, 2020 | ICBA NewsWatch Today   Agriculture 

Maximizing Your Credit Card Portfolio in a COVID-19 Environment

COVID-19 has created financial strain for millions of Americans. For example, 56 percent of consumers have reported difficulties paying bills due to loss of employment or income, and another 76 percent of small businesses have acknowledged cash flow shortages.
December 03, 2020 | Payments Quarterly  

A Note from the Chairman

Overnight, our banks were called upon to enhance and expand our digital offerings not because they perhaps needed a technology upgrade, but because our customers needed to be able to transact in new, remote ways.
December 03, 2020 | Payments Quarterly  

Marketing Payments Products to Small Business Customers

As community bank payment products become an increasingly central product line for small business customers, community banks are seeking new ways to connect with this important segment in today’s digitized environment.
December 03, 2020 | Payments Quarterly  

Now is the time for card modernization

Digital transformation isn’t just a buzzword—it’s become a critical need that will determine winners and losers in the coming year. The delay in innovation within banking has meant that many card issuers are now rushing to catch up with the technology adoption seen in other industries.
December 03, 2020 | Payments Quarterly  

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