NewsWatch Today

The OCC issued a proclamation allowing national banks, federal savings associations, and federal branches to close offices in areas of Florida and Georgia affected by Hurricane Debby.

Requiring “buy now, pay later” digital user accounts to comply with the billing error resolution process in Regulation Z could provide community banks relief, ICBA told the Consumer Financial Protection Bureau.

Federal banking regulators formally issued their second request for comment under the latest Economic Growth and Regulatory Paperwork Reduction Act regulatory review.

Fraudsters are increasingly using information gained from public record searches on recorded mortgages to create checks drawn on home equity lines of credit, ICBA’s Rebeca Romero Rainey shared in a message to community bankers this week.

Fraudsters are increasingly using information gained from public record searches on recorded mortgages to create checks drawn on home equity lines of credit, ICBA told community bankers.

Republican members of the Senate Banking Committee called on the FDIC to withdraw proposed corporate governance guidelines, citing their impact on community banks that serve small and rural communities.

The Federal Open Market Committee voted to keep interest rates unchanged until it has gained greater confidence that inflation is moving sustainably toward the Federal Reserve’s 2% goal.

The FDIC board of directors advanced a proposed rule to enhance the agency’s framework to supervise industrial loan companies.

During an ambitious board meeting on Tuesday, the FDIC issued a proposed rule to revise regulations on brokered deposits following the recent failure of the nonbank deposit broker Synapse Financial.

The FDIC board of directors approved a request for information on deposit data that is not currently reported in the call report or other regulatory reports, including for uninsured deposits.

The Financial Crimes Enforcement Network issued a notice to customers of financial institutions about reporting beneficial ownership information, or BOI.

The Government Accountability Office said scams are a significant and growing problem for U.S. individuals and businesses, noting that scams involving fake investment opportunities rose from $3.31 billion in 2022 to $4.57 billion in 2023.