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SEC official: Agency taking consistent approach to crypto

Apr 4, 2024 | NewsWatch Today
The Securities and Exchange Commission’s head of enforcement, Gurbir Grewal, defended his agency’s actions against illicitly traded cryptoassets.

ICBA urges agencies to issue cease-and-desist orders to Navy Federal

Apr 3, 2024 | NewsWatch Today
Following Navy Federal Credit Union’s announcement that its overseas military banking program will be called “Community Bank,” ICBA urged regulators to issue cease-and-desist orders directing the institution not to refer to itself as a bank.

ICBA urges CFPB to withdraw overdraft proposal

Apr 3, 2024 | NewsWatch Today
ICBA urged the Consumer Financial Protection Bureau to withdraw its proposed rule to apply Regulation Z lending requirements to overdraft services.

FinCEN underestimates beneficial ownership collection burden: ICBA

Apr 3, 2024 | NewsWatch Today
The Financial Crimes Enforcement Network’s estimated burden of complying with its final rule on accessing beneficial ownership information does not accurately reflect the demands of collecting this information, ICBA said.

ICBA kicks off Community Banking Month

Apr 2, 2024 | NewsWatch Today
ICBA kicked off Community Banking Month, which every April recognizes the service and dedication of community banks to their customers and local communities.

Last week of recess for farm bill district meetings

Apr 2, 2024 | NewsWatch Today
With members of Congress back home in their districts through this week, ICBA continues urging community bankers to continue the grassroots push for a new farm bill with in-person meetings.

ICBA Capital Summit set for this month

Apr 2, 2024 | NewsWatch Today
Registration is open for the 2024 ICBA Capital Summit, the industry’s premier advocacy event slated for later this month in the nation’s capital.

CFPB: Consumer complaints focus on credit bureaus

Apr 1, 2024 | NewsWatch Today
Consumer complaints about credit or consumer reporting continued to increase in 2023, according to the Consumer Financial Protection Bureau’s latest annual report.

ICBA to CFPB: Fee proposal another abuse of authority

Apr 1, 2024 | NewsWatch Today
ICBA urged the Consumer Financial Protection Bureau to stop misusing its authority over unfair, deceptive, or abusive acts or practices to undermine federal disclosure rules.

Court grants ICBA-requested injunction of CRA final rule

Apr 1, 2024 | NewsWatch Today
A federal judge on Friday granted an injunction against federal banking regulators’ Community Reinvestment Act final rule, as requested by ICBA and other groups in a legal challenge.

ICBA backs congressional challenge to credit card late fee rule

Apr 1, 2024 | NewsWatch Today
ICBA expressed support for Rep. Andy Barr’s (R-Ky.) introduction of a resolution to nullify the Consumer Financial Protection Bureau’s final rule to cut credit card late fees.

Court rejects Custodia suit over Fed account denial

Apr 1, 2024 | NewsWatch Today
A federal judge largely upheld the Federal Reserve’s denial of special-purpose depository institution Custodia Bank’s application for a Fed master account.