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DeFi platform crypto hack might be largest ever

Mar 30, 2022 | NewsWatch Today
Decentralized finance platform Ronin Network announced a hack of more than $625 million in cryptocurrencies, possibly the largest crypto hack on record.

NY Fed analysis signals rise in student loan delinquencies

Mar 24, 2022 | NewsWatch Today
Family Federal Education Loan borrowers, who were not covered by the federal freeze put in place during the pandemic, struggled with their debit payments, and could signal problems ahead for nearly 37 million covered loans and “rising delinquencies once forbearance ends and payments resume,” according to a recent New York Federal Reserve analysis.

“PAVE” report outlines pathway to homeownership equity

Mar 24, 2022 | NewsWatch Today
The Administration announced the release of its Interagency Task Force on Property Appraisal and Valuation Equity report designed to address racial and ethnic bias in the home appraisal process.

OCC reports mortgage performance improvement

Mar 23, 2022 | NewsWatch Today
The OCC said the performance of first-lien mortgages in the federal banking system improved during the fourth quarter of 2021.

CFPB issues guidance targeting review fraud

Mar 23, 2022 | NewsWatch Today
The CFPB’s guidance describes certain business practices related to customer reviews that are generally unlawful under the Consumer Financial Protection Act.

Cyber officials: Be on alert for Russian cyberattack

Mar 23, 2022 | NewsWatch Today
Federal cybersecurity officials called on U.S. critical infrastructure to be prepared to defend against a possible Russian state-sponsored cyberattack.

CISA stakeholder call on Russia-Ukraine conflict today

Mar 22, 2022 | NewsWatch Today
The Cybersecurity and Infrastructure Security Agency is hosting an unclassified stakeholder call today to address the U.S. homeland impact of the Russia-Ukraine conflict.

FS-ISAC offers Russia-Ukraine cyber update

Mar 18, 2022 | NewsWatch Today
The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary report offers the latest on the Russo-Ukraine conflict, including a joint advisory on Russian state-sponsored cyber actors.

Bolton: Tax-subsidized credit union acquisitions demand Washington response

Mar 18, 2022 | NewsWatch Today
The resurgence of tax-exempt credit union acquisitions of community banks during the first part of 2022 is posing new threats to underserved communities, ICBA Chairman Brad Bolton writes in a new op-ed on LinkedIn.

Bolton: Tax-subsidized credit union acquisitions demand Washington response

Mar 17, 2022 | NewsWatch Today
The resurgence of tax-exempt credit union acquisitions of community banks during the first part of 2022 is posing new threats to underserved communities, ICBA Chairman Brad Bolton writes in a new op-ed on LinkedIn.

CFPB expands anti-discrimination oversight under UDAAP authority

Mar 17, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau said it is expanding its “anti-discrimination efforts” beyond credit products to counter discriminatory practices “across the board in consumer finance.”

ICBA testifying today on PPP, other SBA programs

Mar 16, 2022 | NewsWatch Today
ICBA is scheduled to testify before Congress at 10 a.m. (Eastern time) today on community bank leadership in lending under the Paycheck Protection Program and other Small Business Administration programs.