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Agencies issue joint statement on BSA/AML compliance

Apr 12, 2021 | NewsWatch Today
Federal regulators issued a joint statement addressing how risk management principles in “Supervisory Guidance on Model Risk Management” relate to banking systems or models designed for Bank Secrecy Act compliance.

FDIC seeks input on modernizing sign, ad rules

Apr 12, 2021 | NewsWatch Today
The FDIC said it is seeking input on potentially modernizing its sign and advertising requirements related to FDIC deposit insurance to better reflect how banks and consumers operate.

ICBA to USDA: Ensure loan payoffs don’t harm lenders, purchasers

Apr 12, 2021 | NewsWatch Today
ICBA called on the USDA to ensure lenders are compensated for lost income as it prepares to pay off direct and guaranteed farm loans held by Socially Disadvantaged Farmers and Ranchers.

Fed issues ‘synthetic identity fraud’ definition

Apr 9, 2021 | NewsWatch Today
The Federal Reserve issued a recommended definition of “synthetic identity fraud” after convening an industry group.

ICBA urges improvements to EIP delivery

Apr 9, 2021 | NewsWatch Today
ICBA and other groups recommended improvements to how the IRS issues Economic Impact Payments.

IRS disburses another 25M EIPs

Apr 8, 2021 | NewsWatch Today
The IRS and Treasury Department said they are disbursing more than 25 million payments in the fourth batch of Economic Impact Payments under the American Rescue Plan.

CFPB proposes delaying debt collection rules

Apr 8, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau proposed delaying the effective date of two recent debt collection rules to provide more time to comply.

ICBA expands Financial Literacy Month resources

Apr 8, 2021 | NewsWatch Today
ICBA added more Financial Literacy Month resources to its "Tell Your Story" marketing and communications toolkit to help community banks celebrate in April.

SBA warns of PPP funding crunch

Apr 7, 2021 | NewsWatch Today
The SBA is warning Congress that the recently extended Paycheck Protection Program is starting to run low on funds with nearly two months left for borrowers to apply.

ICBA urges delay in GSE product restrictions

Apr 7, 2021 | NewsWatch Today
ICBA and other groups called on Treasury Secretary Janet Yellen and FHFA Director Mark Calabria to delay product and program restrictions for Fannie Mae and Freddie Mac.

ICBA backs BSA/AML relief bill

Apr 7, 2021 | NewsWatch Today
ICBA expressed support for legislation to raise the currency transaction reporting and Suspicious Activity Reporting thresholds to $30,000 and $10,000, respectively.

Independent Banker interviews new ICBA leaders

Apr 6, 2021 | NewsWatch Today
The April issue of Independent Banker magazine profiles ICBA's 2021-2022 executive committee. The interviews with ICBA leadership bankers cover the pandemic’s permanent changes to banking, evolving customer needs and expectations, community bank advocacy priorities, and more.