ICBA expressed support for newly reintroduced House legislation that would require a thorough cost-benefit analysis for proposed Consumer Financial Protection Bureau rules.
ICBA called on the federal government to support and prioritize research on the specific effects of digital assets on community banks and their customers.
ICBA is encouraging community bankers to call on the Consumer Financial Protection Bureau to adopt an ICBA proposal to improve mortgage disclosures required under TILA-RESPA Integrated Disclosure rules.
A Treasury-led interagency working group charged with advancing work on a possible U.S. central bank digital currency has narrowed its objectives into three key policy areas, Treasury's Nellie Liang said.
The Financial Crimes Enforcement Network issued an alert to financial institutions on the nationwide surge in check fraud schemes targeting the U.S. Mail.
The U.S. Supreme Court said it will take up a case challenging the Consumer Financial Protection Bureau's funding method after a federal appeals court ruled last fall that it is unconstitutional.
Custodia Bank is reportedly continuing its effort to procure a master account with the Federal Reserve after the special-purpose depository institution was denied last month.
The Bank for International Settlements issued a report to help central banks extend operating hours for real-time gross settlement systems to reduce delays in cross-border payments settlement.
ICBA called on the FDIC to deny pending deposit insurance applications from industrial loan companies, citing the outsized risks ILCs pose to the Deposit Insurance Fund, financial stability, and consumers.
