NewsWatch Today

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.

ICBA’s latest blog post explores three post-pandemic payments trends and what they mean for community banks.

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.”

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

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.

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.

The OCC said the performance of first-lien mortgages in the federal banking system improved during the fourth quarter of 2021.