NewsWatch Today

ICBA and other groups told members of Congress that their legislation to shift liability for authorized transactions to financial institutions would increase scams.

Federal Reserve Governor Christopher Waller said global networks for fast payments would have to be founded on well-developed domestic networks or it “could end up being a road to nowhere.”

The Cybersecurity and Infrastructure Security Agency, the FBI and the Department of Defense issued a joint advisory that warns of cyber actors known as Pioneer Kitten, UNC757, Parisite, Rubidium, and Lemon Sandstorm are targeting and exploiting U.S. and foreign organizations across multiple sectors.

ICBA said that a credit union paying for NFL stadium naming rights is the latest example of how credit unions are violating the limits established by Congress to justify their federal tax exemption.

The Consumer Financial Protection Bureau issued a report that said Americans are paying tens of millions of dollars in fees to access their own money when getting cash back at large retail stores when making a purchase with a debit or prepaid card.

The Financial Crimes Enforcement Network reminded financial institutions to monitor for and report suspicious transactional activity related to the illicit fentanyl supply chain and the trafficking of illicit fentanyl and other synthetic opioids.

ICBA will continue fighting the Consumer Financial Protection Bureau’s 1071 small-business rule after a U.S. District Court denied ICBA’s legal challenge to the agency’s rulemaking.

The Consumer Financial Protection Bureau announced the availability of the beta platform for the small business lending data collection rule pursuant to section 1071 of the Dodd-Frank Act.

The Securities and Exchange Commission announced that it filed charges against a “crypto bank” that claimed depositors could earn returns “auto-magically.”

Even as rates stay higher and competition for deposits remains strong, fueling margin pressure, community bank chief financial officers don’t see impending doom and focus instead on increasing other areas of income, according to the latest Independent Banker.

Registration is open for ICBA LIVE 2025, slated for March 11-14 at the Gaylord Opryland Resort & Convention Center in Nashville.

Federal Reserve Chair Jerome Powell said “with an appropriate dialing back of policy restraint, there is good reason to think that the economy will get back to 2% inflation while maintaining a strong labor market.”