NewsWatch Today

Nearly all central banks are researching whether to issue a central bank digital currency, according to a Bank for International Settlements survey.

In recognition of World Elder Abuse Awareness Day, the Financial Crimes Enforcement Network reminded financial institutions to remain vigilant in identifying and reporting suspicious activity related to elder financial exploitation. FinCEN offers resources to help stakeholders.

President Joe Biden announced his intent to nominate Christy Goldsmith Romero as chair of the Federal Deposit Insurance Corporation.

Join ICBA experts for a quarterly update on industry news and highlights on Thursday, June 27, at 2 p.m. (Eastern time). Register here.

Consumer Financial Protection Bureau Director Rohit Chopra provided his semi-annual report to the House Financial Services Committee. Highlights:

ICBA and ICBA CRA Solutions released tips for preventing elder financial abuse in recognition of World Elder Abuse Awareness Day on Saturday, June 15.

Consumer Financial Protection Bureau Director Rohit Chopra described the CFPB’s focus on financial data, medical debt, and credit cards during his semi-annual report to the Senate Banking Committee.

The Federal Open Market Committee voted to hold target interest rates steady, due to an uncertain economic outlook and inflation risks.

The Consumer Financial Protection Bureau proposed a rule that would remove medical bills from most credit reports.

Senate Agriculture Committee Ranking Member John Boozman (R-Ark.) released the Senate Republican framework for the next farm bill.

ICBA requested a 90-day extension to the Federal Reserve Board’s request for comment on expanding Fedwire Funds Service and National Settlement Services operating hours.

ICBA released findings from a study showing that while small-business owners prefer community banks, increasingly burdensome and complex regulations threaten to restrict small-business lending.