Newsroom Graphic

NewsWatch Today

Custom op-ed counters credit union-bank acquisitions

May 18, 2021 | NewsWatch Today
ICBA continues to offer a customizable op-ed and updated talking points that community bankers can use to raise awareness of credit union acquisitions of community banks.

FDIC requests comments on digital assets

May 18, 2021 | NewsWatch Today
The FDIC requested comments within 60 days about insured depository institutions’ current and potential digital asset activities.

CFPB updates TRID rule FAQs

May 17, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau issued additional frequently asked questions on its TILA-RESPA integrated disclosure rule.

ICBA issues custom op-ed opposing public banking

May 17, 2021 | NewsWatch Today
ICBA released a customizable op-ed that community bankers can use to spread the word about the risks posed by proposals to establish taxpayer-funded public banks.

Fed again extends rule allowing PPP loans to directors

May 17, 2021 | NewsWatch Today
The Federal Reserve Board for the third time extended its rule allowing certain bank directors and shareholders to apply to their banks for Paycheck Protection Program loans for their small businesses.

ICBA urges OCC to block sale of mutual bank’s assets to credit union

May 12, 2021 | NewsWatch Today
ICBA's Mutual Council and America’s Mutual Banks urged the OCC to suspend the sale of Brainerd Savings and Loan Association assets to Wings Financial Credit Union until all freedom of information requests have been considered.

Fed proposes changes to interchange regs

May 10, 2021 | NewsWatch Today
The Federal Reserve Board invited public comment on proposed changes to Regulation II (Debit Card Interchange Fees and Routing).

ARRC issues market indicators supporting LIBOR alternative

May 10, 2021 | NewsWatch Today
The Alternative Reference Rates Committee last week published market indicators it will consider in recommending a forward-looking Secured Overnight Financing Rate term rate to support the transition away from LIBOR.

ICBA to FinCEN: exempt banks from beneficial owner mandates

May 10, 2021 | NewsWatch Today
ICBA called on the Financial Crimes Enforcement Network to amend its customer due diligence rules and withdraw its requirement that banks collect beneficial ownership information.

ICBA continues support for ‘true lender’ rule

May 7, 2021 | NewsWatch Today
ICBA and other groups told Congress they oppose legislative efforts to repeal the OCC’s “true lender” rule. The OCC rule, which ICBA supported in a comment letter last year, creates a standard to determine when a bank is the “true lender” when partnering with a third party.

ICBA, groups urge OCC to withdraw CRA rule

May 7, 2021 | NewsWatch Today
ICBA and other groups this week called on the OCC to formally withdraw its Community Reinvestment Act rule or delay its January 2023 compliance date for at least two years.

Fed proposes standards for accessing Fed accounts, payments system

May 6, 2021 | NewsWatch Today
The Federal Reserve Board proposed guidelines for evaluating requests for accounts with the Fed and access to the payments system, as advocated by ICBA.