The Federal Reserve delayed the comment deadline on its proposal to lower the maximum interchange fee that covered debit card issuers may receive for debit card transactions, as advocated by ICBA.
A Federal Reserve Bank of Atlanta report following a series of ransomware attacks on credit unions last year noted that the National Credit Union Administration has no enforcement authority over third-party service providers.
Senate Agriculture Committee Chairwoman Debbie Stabenow (D-Mich.) sent a letter to committee members outlining her plan for the farm safety net in the 2024 farm bill.
The FDIC issued letters demanding five entities and certain associated parties cease and desist from making false and misleading statements about FDIC deposit insurance.
The Cybersecurity and Infrastructure Security Agency issued an emergency directive that requires agencies to implement vendor-published mitigation guidance immediately to Ivanti Connect Secure and Ivanti Policy Secure solutions.
ICBA called on congressional committees to convene a hearing on credit union lending practices and oversight following reports of discriminatory lending at Navy Federal Credit Union.
House Financial Services Subcommittee on Oversight and Investigations Chairman Bill Huizenga (R-Mich.) said the Securities and Exchange Commission has dramatically underestimated the cost of its proposed rule to institute climate-related investor disclosures.
Acting Comptroller of the Currency Michael Hsu called for new regulations that would require midsize and large banks to have sufficient liquidity to cover stress outflows over a five-day period.
Stablecoins last year were used in 70% of crypto scam transactions and more than 80% of crypto payments to sanctioned countries, individuals, and companies, according to a new report.
