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The ICBA Newsroom collects and centralizes all the NewsWatch Today articles, press releases, blog posts, advocacy letters and other news that impacts community bankers.

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ICBA seeks updates to Nacha ACH overhaul

ICBA told Nacha that it generally supports a provision in proposed operating rule updates that would employ ACH as a low-cost account-validation method for originators, though it is concerned with the burden on receiving institutions.
July 14, 2020 | ICBA NewsWatch Today   Compliance 

CFPB report touts credit builder loans

The Consumer Financial Protection Bureau released a report on how credit builder loans could help consumers establish credit records and improve the credit scores of those with no outstanding debt. CBLs generally require borrowers to make installment payments before receiving funds.
July 14, 2020 | ICBA NewsWatch Today   CFPB 

ICBA Bancard Announces New Board of Directors Members

ICBA Bancard, the payments subsidiary of the Independent Community Bankers of America, today announced that Gregory Hohl, chairman and president of Wahoo State Bank in Wahoo, Nebraska, and Jim Amundson, president and CEO of the Independent Community Bankers of Minnesota, were elected to the ICBA Bancard board of directors.
July 14, 2020 | Press Release  

Visa to discontinue Auto Rental Collision Damage Waiver and Warranty Manager

Effective January 31, 2021, Visa will discontinue the Auto Rental Collision Damage waiver (ARCDW) and Warranty Manager (WM) benefits as mandatory, Visa-funded benefits from the U.S. consumer credit platform except for Visa Infinite cards.
July 14, 2020 | News  

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