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IN THE CARDS: Navigant Credit Union offers “instant issue” banking cards to members at its branches, but Timothy J. Draper, senior vice president of marketing, says Navigant and other financial institutions have seen shipments of new cards from vendors slow because of a chip shortage. / PBN PHOTO/MICHAEL SALERNO

Financial institutions brace for chip shortage

Fewer choices at car dealerships and barren Best Buy shelves are the most obvious signs of the global semiconductor chip shortage – new motor...

Better Markets report criticizes megabanks for misdeeds

PROVIDENCE – While CEOs of the nation’s biggest banks appeared before Congress last week in hopes of making a case that regulatory reforms since...
BAYCOAST BANK was granted the Grand National Award, the top honor for community service from the Independent Community Bankers of America, at the 2018 National Community Bank Service Awards

BayCoast Bank wins award for community service

SWANSEA – BayCoast Bank won this year’s top award for community service from the Independent Community Bankers of America, the organization announced Tuesday. The group...
THE INDEPENDENT COMMUNITY Bankers of America recently praised federal banking agencies for doubling the transaction-value threshold requiring commercial real estate appraisals to $500,000.

ICBA applauds new real estate appraisal mandates

PROVIDENCE – The Independent Community Bankers of America last week lauded regulators for an easing of real estate appraisal mandates on certain transactions. Federal banking...
THE INDEPENDENT COMMUNITY Bankers of America has filed a lawsuit against Equifax Inc., seeking compensation to all community banks harmed by the recent data breach of the credit agency.

ICBA sues Equifax over data breach

PROVIDENCE – The Independent Community Bankers of America is seeking compensation to all community banks harmed by the recent data breach of Equifax Inc. Last...
THE INDEPENDENT COMMUNITY Bankers of America criticized federal regulators and Wells Fargo after news came out the bank created two-thirds more fake accounts than previously reported.

ICBA slams Wells Fargo, regulators after fake accounts increase

WASHINGTON – The Independent Community Bankers of America slammed both federal regulators and Wells Fargo after news came out the bank created two-thirds more...

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