The Consumer Financial Protection Bureau issued a circular that said that companies using third-party consumer reports must follow Fair Credit Reporting Act rules.
A new report outlines the opportunities, risk, and future considerations for tokenization, or the process of generating and recording a digital representation of traditional assets on a programmable platform.
An association of banking leaders from mutual banks across the country launched a new campaign highlighting the community-minded benefits offered by mutuals.
The ICBA Foundation’s Hurricane Relief Fund continues requesting tax-deductible donations to assist community bankers in Florida, Georgia, North Carolina, and South Carolina affected by Hurricanes Helene and Milton.
The ICBA Foundation’s Hurricane Relief Fund continues requesting tax-deductible donations to assist community bankers in Florida, Georgia, North Carolina, and South Carolina affected by Hurricane Helene and Hurricane Milton.
ICBA and other groups asked for a 60-day extension to the comment period for the FDIC’s Notice of Proposed Rulemaking on Recordkeeping for Custodial Accounts, which would establish new recordkeeping requirements for “custodial deposit accounts with transactional features” at insured depository institutions.
Federal Reserve Governor Christopher Waller said the technological innovations stemming from decentralized finance are largely complementary to centralized finance and can help improve it.
The Financial Crimes Enforcement Network issued a final rule to clarify that certain telecommunications service providers qualify as “regulated public utilities” and are exempt from the Corporate Transparency Act’s beneficial ownership information reporting requirements. The final rule is effective immediately upon publication in the Federal Register.
The FDIC said the reserve ratio for the Deposit Insurance Fund remains on track to reach the statutory minimum of 1.35% as early as 2026, and ahead of the Amended Restoration Plan deadline of Sept. 30, 2028.
Stablecoins do not act as “safe havens” during crypto market stress, but their market capitalization drops after significant shocks, according to a Bank for International Settlements working paper.
