IN THE NEWS
Fine: Community Bankers Getting Results from Washington Policy Summit
While last week’s ICBA Washington Policy Summit is already showing results, community bankers must continue holding their lawmakers’ feet to the fire, ICBA President and CEO Cam Fine wrote in a new blog post.

Following more than 300 meetings with policymakers, the CLEAR Relief Act regulatory relief legislation has added 22 cosponsors in the House and another eight in the Senate in just the past week, Fine wrote. But to ensure success, community bankers must continue applying pressure on their lawmakers via ICBA’s Be Heard grassroots website. Read the Blog Post. Contact Congress Today.
 
Grassroots
ICBA Site Offers Custom Letters on Data, Cyber Reform
In addition to advocating congressional support for regulatory relief, ICBA is also encouraging community bankers to support improvements to data and cyber security laws. Following massive retailer data breaches, community bankers can continue the push from home with customizable letters to lawmakers urging support for consistent and meaningful consumer protection. Contact Congress Today! 
 
Too-Big-To-Fail
ICBA Backs Bill to Break Up Too-Big-To-Fail Megabanks
ICBA expressed support for legislation that would take on the problem of too-big-to-fail financial firms.

The legislation, introduced by Sen. Bernie Sanders (I-Vt.) and Rep. Brad Sherman (D-Calif.), would require regulators to identify and break up institutions whose failure would cause a catastrophic effect without a taxpayer bailout. Additionally, these entities would be barred from accessing the taxpayer-funded safety net, including Federal Reserve programs and federal capital injections.

“ICBA agrees that the too-big-to-fail megabanks are too big to exist,” ICBA President and CEO Cam Fine said. Read ICBA Release. Read More on the Bill.
 
Too-Big-To-Fail
Yellen: Too-Big-To-Fail Key Piece of Financial Crisis
Market perceptions that some institutions were too big to fail encouraged excessive leverage in the run-up to the financial crisis, Federal Reserve Chair Janet Yellen said. Large financial institutions had an incentive to move assets to undercapitalized off-balance-sheet vehicles, and their complexity also may have impeded market discipline, Yellen said. Read Yellen’s Speech.
 
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In the News
Article: Regulations Swamping Community Bank CFOs
New regulations are swamping community bank chief financial officers, ICBA member Kirk Billingsley said in a new American Banker article. The CFO of Pendleton Community Bank in Franklin, W.Va., said new disclosures in financial statements take time that community banks could be using to look forward instead of backward. Read the Article.
 
Economy
Private Sector Adds 169K Jobs in April
Private-sector employment increased by 169,000 jobs in April, according to ADP. Small businesses added 94,000 jobs, while medium-size and large businesses added 70,000 and 5,000, respectively.
 
Poll
Take This Week’s Quick Poll
Take this week’s Quick Poll on Basel III relief, and view results of the on the ICBA Washington Policy Summit. View the Archive.
 
Education
Webinar Today Offers Tips for Banishing Boardroom Boredom
ICBA Preferred Service Provider Deluxe is hosting a webinar at 2 p.m. (Eastern time) today to demonstrate techniques to keep board members engaged and focused on strategy. The webinar will feature how to use live performance data to engage board members, demonstrate performance models based on assumptions such as interest rate movements, and show how to save 20-30 hours of time while improving the accuracy of the board package. Register Now.
 
Education
Webinar: Are Your Disaster and Continuity Plans Cyber-Resilient?
The FFIEC recently revised the requirements for business continuity programs and technology service providers. ICBA is hosting a webinar at 11 a.m. (Eastern time) Tuesday, May 19, to discuss the new requirements related to disaster recovery and business continuity planning. The webinar will provide a checklist for the new requirements that can be used to augment vendor management programs for outsourcing technology services. Learn More and Register.
 
Awards
ICBA Seeking Service Award Nominations
ICBA is seeking nominations for the 2015 National Community Bank Service Awards. The annual awards recognize the exceptional efforts of community banks and their employees working to sustain and improve their communities through their commitment of time and resources.

ICBA encourages community banks with community service or volunteer programs to nominate their bank. Entrants should describe how their programs positively affect their local communities. Entry is free for all community banks, and multiple entries are encouraged.

Award recipients will be featured in the August issue of ICBA Independent Banker magazine and receive a donation from ICBA to use toward future community service efforts. Nominate Your Bank Today.
 
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