NewsWatch Today

The Consumer Financial Protection Bureau issued a new Supervisory Highlights report spotlighting legal violations identified during its supervisory examinations in the first half of 2022.

Federal regulators are reportedly investigating cryptocurrency exchange FTX amid concerns of a liquidity crisis at the company and fallout on the rest of the crypto sector.

ICBA continues urging community bankers to speak out against a bill to expand on the Durbin Amendment as lawmakers seek to advance the measure during the lame-duck session.

Sen. Elizabeth Warren (D-Mass.) this week sent letters to Wells Fargo and Early Warning Services—the parent company of the Zelle peer-to-peer payment platform—criticizing their response to her recent report on P2P fraud.

ICBA continues urging community bankers to speak out against a bill to expand on the Durbin Amendment as lawmakers seek to advance the measure during the lame-duck session.

Cryptocurrency exchange Binance announced an agreement to buy rival FTX amid reports of a liquidity crisis at the company, renewing concerns about volatility in the crypto sector.

ICBA Bancard today is hosting a webinar to answer community banker questions about the mid-2023 launch of the FedNow instant payments service.

The Consumer Financial Protection Bureau reopened the public comment period on its series of orders collecting information on the business practices of large U.S. tech companies that operate payments systems.

Up to 20% of terrorist attacks are financed by crypto-assets or otherwise linked to digital assets, a United Nations official told Bloomberg. The UN’s Svetlana Martynova said officials are detecting more cases of crypto use in terror-financing as they step up their scrutiny of such practices.

The decision to bring the highly successful ThinkTECH Accelerator program in-house and introduce year-round programming was the natural progression in ICBA’s efforts to cultivate successful community bank-fintech partnerships that address today’s market challenges and opportunities, writes Charles Potts in a new blog post.

The Consumer Financial Protection Bureau issued a discussion guide which outlined options to strengthen consumers’ access to, and control over, their financial data as a first step before issuing a proposed data rights rule that would implement section 1033 of the Dodd-Frank Act.

The FDIC Advisory Committee on Community Banking’s Minority Depository Institutions Subcommittee will convene at 1 p.m. (Eastern time) tomorrow, Oct. 25.