Also at the House Subcommittee hearing, Rep. Luetkemeyer says the CECL standard will "hit minority institutions hard."

CU leaders react to the ICBA's efforts that include legislative and regulatory research, grassroots advocacy and resources that community banks can customize.

The company plans to offer the service, called Payment on Delivery, in industries with complex distribution networks and supply chains.

Instead of offering free checking accounts that in fact come with fees, consider data and identity protection services.