NewsWatch Today

House Financial Services Committee Republicans released principles to guide Congress in evaluating potential proposals for a U.S. central bank digital currency.

The community banking industry continued its media push against the IRS bank reporting proposal, which remains a threat even after it was recently left out of the framework guiding Democratic discussions.

The Treasury Department announced a new round of coordinated actions as part of the federal government’s response to ransomware.

ICBA continued pushing back against the IRS reporting proposal during testimony at a House Financial Services Committee Republican roundtable.

ICBA released the second podcast in its new Communities of Innovation series on community bank innovation stories and experiences.

Lawmakers reached an agreement on bipartisan cyber incident reporting legislation that includes ICBA-advocated updates to avoid excessive burdens on community banks.

The Consumer Financial Protection Bureau issued an advisory opinion affirming that consumer reporting companies engaging in “shoddy name-matching procedures” are violating the law.

ICBA called on Congress to extend Gramm-Leach-Bliley Act data security standards to retailers, technology companies, and other parties that process or store consumer financial data.

ICBA Chairman Robert Fisher will participate in a National Taxpayers Union webinar scheduled for next week on the “rise of bank-like credit unions.”

The OCC has concluded its review of bank charter applications and crypto-related interpretative letters and will be communicating its findings in the coming weeks, Acting Comptroller of the Currency Michael Hsu said.

ICBA is scheduled to testify at today’s House Financial Services Subcommittee on Consumer Protection and Financial Institutions hearing on cyber and data security.

This month’s ICBA Independent Banker magazine focuses on the race for faster payments.