NewsWatch Today

Escalating attacks against critical infrastructure are bringing renewed focus to the role of cryptocurrencies in facilitating criminal activity, which has implications for community banks, ICBA’s Brian Laverdure writes in a new Main Street Matters post.

The Farm Credit Administration released its quarterly report on the ag economy and the performance of the Farm Credit System, whose growth is largely generated by tax free ag real estate lending.

The Basel Committee on Banking Supervision published a public consultation document with preliminary proposals for the prudential treatment of banks' cryptoasset exposures.

ICBA told Congress that postal banking is not the solution to reaching more unbanked Americans and lawmakers should reject such proposals.

The Federal Reserve released an article on fraud management considerations to evaluate when preparing for instant payments

The IRS said it disbursed more than 2.3 million additional Economic Impact Payments over the past two weeks. The latest batch includes those with official payment dates through June 9.

Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) pushed back against a Biden administration proposal that would require financial institutions to report information on account flows to the IRS.

ICBA and other groups again urged in a joint letter to House members their opposition to a Senate-passed resolution to repeal the OCC’s “true lender” rule.

A Commodity Futures Trading Commission panel recommended best practices for switching interdealer trading conventions from LIBOR to the Secured Overnight Financing Rate in U.S. dollar interest rate swaps.

The Consumer Financial Protection Bureau issued frequently asked questions on unauthorized transfer and error resolution provisions under the Electronic Fund Transfer Act and Regulation E.

The IRS said it started sending letters to more than 36 million American families who may be eligible to receive monthly Child Tax Credit payments starting in July.

ICBA released customizable resources to help community banks recognize World Elder Abuse Awareness Day next week.