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New agency fact sheet details quantum computer threat

Aug 23, 2023 | NewsWatch Today
The Cybersecurity and Infrastructure Security Agency and other agencies issued a fact sheet on the capabilities of quantum computers, which pose new security threats to existing information systems.

ICBA sets the record straight on efforts to combat 1071 rule

Aug 21, 2023 | NewsWatch Today
In a new message to community bankers, ICBA President and CEO Rebeca Romero Rainey outlines the current state of the Consumer Financial Protection Bureau’s problematic 1071 rule, including ICBA’s efforts to continue its fight to protect community banks and small businesses from this harmful and burdensome regulation.

ICBA National Campaign Toolkit offers FAQs

Aug 21, 2023 | NewsWatch Today
The ICBA National Campaign Toolkit features numerous assets for community banks and state partners, including frequently asked questions on the campaign.

ICBA Foundation activates to raise funds for Maui wildfire relief

Aug 21, 2023 | NewsWatch Today
The ICBA Foundation Disaster Relief Program is requesting tax-deductible donations to assist community banks and employees affected by a recent series of deadly wildfires on the Hawaiian island of Maui.

Court grants ICBA’s request to intervene in suit against CFPB

Aug 16, 2023 | NewsWatch Today
The U.S. District Court for the Southern District of Texas granted a request by ICBA, the Independent Bankers Association of Texas (IBAT), and Texas First Bank to intervene in the TBA v. CFPB case challenging the 1071 rule, a key procedural development.

ICBA Community surpasses 1,200 members

Aug 16, 2023 | NewsWatch Today
ICBA Community continues to expand with more than 1,200 members and hundreds of conversations on a range of issues poised to shape the future of the community banking industry.

CFPB to propose rules governing data broker practices

Aug 16, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau will propose new rules to prevent the misuse and abuse of consumer information collected by credit reporting companies and other data brokers.

Report: Credit card routing bill would cost consumers $11B in rewards

Aug 14, 2023 | NewsWatch Today
ICBA-opposed legislation to impose credit card routing restrictions would cost credit card users $11 billion in annual rewards, according to a new report from the Electronic Payments Coalition.

Custodia Bank launches in certain states

Aug 14, 2023 | NewsWatch Today
Special-purpose depository institution Custodia Bank said it has officially launched in certain states to serve U.S.-based business customers.

Bittrex to pay $24M to settle SEC exchange allegations

Aug 14, 2023 | NewsWatch Today
The Securities and Exchange Commission said crypto asset trading platform Bittrex Inc. and its former CEO, William Shihara, agreed to settle charges that they operated an unregistered national securities exchange, broker, and clearing agency.

Credit union acquisition of Ill. community bank will not close

Aug 14, 2023 | NewsWatch Today
A planned credit union acquisition of a community bank in Illinois will not go through, according to S&P Global.

Fed hosting FedNow town hall this month

Aug 11, 2023 | NewsWatch Today
The Federal Reserve said it is hosting a town hall meeting this month on the FedNow Service.