A proposed credit union acquisition of a community bank in Minnesota was rejected by the state’s business regulator—the latest state-level roadblock for credit unions.
Treasury’s Office of Foreign Assets Control announced additional sanctions on Russia’s largest banks and individuals connected to top Russian officials.
ICBA is recognizing Financial Literacy Month this April with a national news release and customizable resources for community bankers on its Tell Your Story toolkit.
ICBA expressed support for Senate and House legislation to restrict the Fed from offering a central bank digital currency or direct FedAccounts to consumers.
A former National Credit Union Administration official continued an ongoing series of blog posts raising concerns over credit union acquisitions of community banks.
After the Consumer Financial Protection Bureau last week extended the deadline to comment on "exploitive junk fees" charged by financial institutions, the bureau published another blog post targeting overdraft fees.
The FDIC requested public comment on draft principles that would provide a high-level framework for institutions over $100 billion in assets to manage exposures to climate-related financial risks.
The FDIC issued guidance on how banks it supervises can comply with recently established interagency incident notification requirements, effective May 1.
The OCC issued a bulletin with the designated points of contact banks must use to satisfy recently established interagency incident notification requirements, effective May 1.
The Consumer Financial Protection Bureau said credit card issuers charged $12 billion in late fees in 2020 and that many have made these penalties “a core part of their profit model.”
