Long Lasting Ideas

JUNE 8, 2016

Often in this space, we’ve written about how Washington has made community banks its personal punching bag. Sarbanes-Oxley, Dodd-Frank, the FDIC and other financial regulators – as well as Congress and the White House — have not been friendly to community banks, all while bailing out Wall Street big boys.

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Finer Points

OCTOBER 6, 2014

A new report exposing the New York Fed’s coddling of Wall Street megabanks—particularly Goldman Sachs—is making waves in Washington. The ProPublica report exposes the New York Fed’s culture of deference to the megabanks it is charged with regulating as well as its marginalization of the few examiners who have spoken out. […].

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Independent Banker

FEBRUARY 16, 2015

Persistent advocacy nabs key reforms for bank and thrift holding companies. While Washington often moves at a glacial pace, it recently came to life to enact reforms benefiting bank and thrift holding companies. The new law increases bank and thrift holding company access to the Small Bank Holding Company Policy Statement.

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Finer Points

MARCH 28, 2016

It was a long time coming, but persistence paid off when the Consumer Financial Protection Bureau recently updated its mortgage regulations to ease unnecessary restrictions on many community banks.

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Independent Banker

SEPTEMBER 26, 2014

That is why we are calling on regulators to make the most of the latest mandatory review of federal banking rules. The agencies are required to study their regulations for dead weight every 10 years under the Economic Growth and Regulatory Paperwork Reduction Act of 1996. Community Bankers Chosen as CFPB Advisors.

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Independent Banker

MARCH 31, 2022

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking. and CEO and chairman, Minnesota Lakes Bank, Delano, Minn.

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Independent Banker

FEBRUARY 28, 2023

Derek Williams, president and CEO of Century Bank & Trust in Milledgeville, Ga., wanted to be a financier before finding his way to community banking. He has served as president and CEO of $365 million-asset Century Bank & Trust in Milledgeville, Ga., now part of Bank of America, before moving to Griffin, Ga.,

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Finer Points

SEPTEMBER 10, 2015

This week we saw once again that our industry’s hard work and determination on behalf of regulatory relief can achieve tangible results in Washington. Following passionate advocacy from ICBA and community bankers, regulators issued a proposed rule to simplify community bank call reports and laid out their plan […].

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Independent Banker

SEPTEMBER 25, 2014

This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. The better prepared, the less likely they are to run afoul of the continually shifting regulations. Benjamin Franklin famously said that “by failing to prepare, you are preparing to fail.”

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Independent Banker

AUGUST 31, 2021

Here are the key areas of D&I policies and practices that community banks may need if these requirements change or become mandatory. How does your bank’s diversity and inclusion (D&I) compliance program compare with the regulatory standards for D&I policies and practices? By Mary Thorson-Wright. Legislative updates.

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Independent Banker

JUNE 30, 2022

While it has had some benefits, like stronger risk management for our banks, it has made the customer process much more daunting. But community banks have adapted to address that shift. So, while this next round of uncertainty will bring with it new challenges, the strength of the community bank business model remains intact.

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Jeff For Banks

JULY 6, 2013

government controlled or heavily regulated. But I disagree with greater control of a national pension system in Washington. Here is where I think community banks, banded together through associations such as the ABA or ICBA, can play a critical role in solving our problem. that reads. But keep fees low, such as 25-50 bps.

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Independent Banker

DECEMBER 31, 2019

From successes in getting the Federal Reserve involved in real-time payments to our ongoing efforts to wake up Washington to credit union injustices, we are present, committed and confirmed in our efforts to level the playing field for community bankers. We see this same degree of passion reflected in community bank plans.

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Independent Banker

JULY 30, 2015

IB: What do ICBA advocacy staff members do to represent community banks in Washington? Hawxhurst: ICBA’s advocacy staff works to represent the interests of community banks before a wide range of policy bodies in Washington, particularly before Congress and the federal banking agencies.

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American Banker

FEBRUARY 24, 2024

His message was especially notable because it was aimed at smaller institutions that have gotten less scrutiny from Washington. Surprise overdraft fees and charges incurred by consumers who cash bad checks likely violate the law, state Attorney General Rob Bonta said.

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Independent Banker

AUGUST 25, 2016

Advocacy Advocate—ICBA’s Joshua Harbursky works to assist community bankers with their industry policy engagement with lawmakers and regulators. ICBA has a great infrastructure in place and a lot of active advocates among community bankers. Anyone with an interest in promoting community banks can be an ICBA advocate.

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Finer Points

AUGUST 3, 2015

While ICBA continues our full-court press toward advancing community bank regulatory relief all the way through Congress and to the president’s desk, we are also making noticeable headway in raising public awareness of the problem via the national news media.

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Finer Points

OCTOBER 3, 2016

A hallmark of community banking is accountability. Community bankers are held accountable to their customers because they live and work in the same neighborhoods. As locally based institutions with a stake in the prosperity of their communities, community bankers simply can’t afford to take advantage of their customers.

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Gonzobanker

APRIL 28, 2016

The amount of regulation in the financial industry is staggering and has understandably been top of mind for most CEOs. According to Cornerstone Advisors research , roughly six in 10 community bank and credit union CEOs are concerned with the regulatory burden. The best banks aren’t just compliant with new regulations.

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Independent Banker

MARCH 15, 2015

Community bankers aren’t the only ones who think so. Nearly everyone in Washington now agrees, to one degree or another. Top regulators also concur, and some have even offered a proposal or two of their own. Acknowledging the problem, lawmakers repeatedly have told community bankers to hold on, relief is on the way.

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Independent Banker

FEBRUARY 24, 2015

Community bankers aren’t the only ones who think so. Nearly everyone in Washington now agrees, to one degree or another. Top regulators also concur, and some have even offered a proposal or two of their own. Acknowledging the problem, lawmakers repeatedly have told community bankers to hold on, relief is on the way.

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Independent Banker

SEPTEMBER 30, 2018

As policymakers continue to review financial services regulations, the largest banks are working to roll back rules that were designed to mitigate the risks they pose to the financial system. First things first: Washington needs to slow down and reevaluate. Where I’ll be this month.

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PYMNTS

FEBRUARY 19, 2019

He pointed to the Community Reinvestment Act, which encourages banks to loan to small businesses. Reports said Powell noted that looser community bank regulations may help keep branches open. Bank mergers aren’t the only factor behind closing bank branches, however.

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Independent Banker

MAY 26, 2016

Under the glorified goal for “simplification” touted by policymakers cosseted in far-off Washington, D.C., Whoever proposes any new regulations should first have to personally apply their proposals in a real-world bank setting. Consumer mortgage disclosures that once took 10 minutes for Miller to complete now take several hours.

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Finer Points

SEPTEMBER 20, 2016

Every now and then we have the chance to stand up for what’s right against powerful forces. As the legacy of a group of colonists who stared down and defeated the world’s greatest empire, it’s virtually our birthright as Americans. So in some ways ICBA’s federal lawsuit against the National Credit Union Administration for its […].

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Independent Banker

JULY 28, 2016

Senate Banking Committee. She explained why lawmakers should exempt community banks from Basel III capital rule. Community bankers score big changes in final credit-loss standard. To their credit, federal regulators have already showed they are on board with the approach laid out in FASB’s final standard.

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PYMNTS

APRIL 7, 2016

In his annual letter to shareholders, Dimon went on, at some length, to say that the “mission-critical” services that big banks can supply are the types of things “regional and community banks simply cannot do.”. “In

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Independent Banker

NOVEMBER 25, 2015

Regardless of the name, nonbank technology firms are wedging themselves between community banks and their customers by offering a slew of traditional and nontraditional banking products. This is why ICBA and community banks must continue to push consistent regulation of bank and nonbank financial service providers.

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American Banker

AUGUST 29, 2020

The Justice Department alleges that the bankers worked with “higher-ranking bank officials” at Washington Federal Bank for Savings in Chicago to falsify records and hide funds prior to the bank's December 2017 collapse.

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Independent Banker

DECEMBER 29, 2015

Of course, Basel III—otherwise known as the Third Basel Accord—is a global regulatory framework on bank capital adequacy, stress testing and market liquidity risk. Most concerning has been the safety-and-soundness regulation’s unnecessary effect on reducing certain lending by community banks, say Kendrick and several community bankers.

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American Banker

SEPTEMBER 8, 2020

Bankers and fintech executives want lawmakers returning to Washington to focus on streamlined forgiveness and a second round of Paycheck Protection Program loans for small businesses.

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American Banker

AUGUST 11, 2023

The three former Washington Federal Bank for Savings board members were accused of giving the OCC false information in an attempt to hide embezzlement. They could face up to five years in prison for attempting to deceive the OCC.

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Finer Points

NOVEMBER 23, 2015

While many Americans are gearing up for the holiday season, ICBA and community bankers are gearing up for a bustling couple of weeks in Washington.

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Independent Banker

SEPTEMBER 21, 2015

Compliance experts say that by planning ahead, reviewing current compliance status and risks, using technology when needed, and staying up-to-date with training, community banks can indeed weather the storm of regulatory exams and come out fine on the other end. So what can a community bank with limited resources do?

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Independent Banker

DECEMBER 13, 2015

The private and public sectors have to be on the same page to put up a defense and community banks need this information in real time, same as the biggest banks. Community bankers can’t afford to keep dealing with data breaches like the ones at Target and Home Depot. IB: But we still want more from Congress on security?

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Jeff For Banks

FEBRUARY 17, 2021

Yesterday at the ABA's virtual Conference for Community Bankers (CCB), Federal Reserve Governor Michelle Bowman gave a speech, My Perspective on Bank Regulation and Supervision. If these are triggered, off to Washington the merger application goes. On how the Fed defines geographic markets: No hard and fast rule.

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Independent Banker

NOVEMBER 24, 2015

The private and public sectors have to be on the same page to put up a defense and community banks need this information in real time, same as the biggest banks. Community bankers can’t afford to keep dealing with data breaches like the ones at Target and Home Depot. IB: But we still want more from Congress on security?

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