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Treasury’s Liang raises prospect of nonbank stablecoin model

Jul 8, 2022 | NewsWatch Today
Treasury Under Secretary for Domestic Finance Nellie Liang this week explored the appropriate regulatory structure to address stablecoin risks.

Bank branching deregulation harmed small businesses: FDIC paper

Jul 7, 2022 | NewsWatch Today
Community banks and small businesses were affected disproportionately by U.S. branching deregulation during the 1990s, according to a new research paper released by the FDIC’s Center for Financial Research.

Agencies encourage risk-based approach to customer due diligence

Jul 7, 2022 | NewsWatch Today
Federal financial services regulators issued a joint statement to remind banks of the risk-based approach to assessing customer relationships and conducting customer due diligence.

ICBA “dashboard” and briefing highlight community bank-focused advocacy efforts for Q3

Jul 5, 2022 | NewsWatch Today
ICBA’s third quarter “Advocacy in Action” government relations dashboard and recent advocacy briefing provide community banks with an update on ICBA’s advocacy successes, along with more information about our community bank-focused policy positions before Congress and the financial agencies.

ICBA guidance on new FDIC approach to re-presented transactions

Jul 5, 2022 | NewsWatch Today
With the FDIC taking a new, stricter approach to how banks treat single items that are repeatedly rejected for insufficient funds, ICBA released member-protected fact sheet on the issue with recommendations for reducing the risk of penalties.

Nominations open for Best Community Banks to Work For awards

Jul 5, 2022 | NewsWatch Today
ICBA’s Independent Banker magazine opened nominations for its 2022 Best Community Banks to Work For awards.

Fed: Community Banking Connections makes business case for relationship banking

Jul 5, 2022 | NewsWatch Today
The latest issue of the Federal Reserve’s Community Banking Connections herald's the financial resilience and commitment of the nation's community banks in serving local communities throughout the pandemic.

ICBA offers guidance on FDIC’s new approach to re-presented transactions

Jun 30, 2022 | NewsWatch Today
With the FDIC taking a new, stricter approach to how banks treat single items that are repeatedly rejected for insufficient funds, ICBA released a member protected fact sheet on the issue with recommendations for reducing the risk of penalties.

ICBA issues summary on CRA modernization proposal

Jun 29, 2022 | NewsWatch Today
ICBA released a summary of the banking agencies’ proposed update to Community Reinvestment Act regulations.

CFPB: States can issue fair credit reporting laws

Jun 29, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau issued an interpretive rule affirming states’ abilities to issue their own fair credit reporting laws.

Committee set to vote on ILC bill after pulling overdraft measure

Jun 23, 2022 | NewsWatch Today
The House Financial Services Committee today is set to vote on ICBA-advocated legislation to close the industrial loan company loophole after pulling an ICBA-opposed bill to implement overdraft restrictions.

CFPB initiates review of credit card late fees

Jun 23, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau issued an advance notice of proposed rulemaking to reopen CARD Act rules that regulate how much financial firms can charge in credit card late fees.