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ICBA supports FDIC proposal to enhance ILC oversight

Oct 15, 2024 | NewsWatch Today
ICBA expressed support for an FDIC proposed rule that would enhance oversight of industrial loan companies.

ICBA check fraud detection guide now available

Oct 15, 2024 | NewsWatch Today
ICBA’s Check Fraud Task Force published a guide that explains the solutions available to community banks to detect instances of check fraud.

Fed’s Bowman cites community bank, credit union regulatory disparities

Oct 15, 2024 | NewsWatch Today
Federal Reserve Governor Michelle Bowman said regulatory disparities between community banks and nonbank providers—including credit unions—can have a distortive effect on competition.

ICBA task force releases check fraud detection guide

Oct 11, 2024 | NewsWatch Today
ICBA’s Check Fraud Task Force published a guide that explains the solutions available to community banks to detect instances of check fraud.

ICBA: AML/CFT modernization should not expand reg burden

Oct 11, 2024 | NewsWatch Today
ICBA told the federal banking agencies that their proposals to update anti-money-laundering and countering-the-financing-of-terrorism programs would create additional burdens on banks without any demonstrable benefit to combatting money laundering or terror financing.

DOJ announces first credit union redlining settlement

Oct 11, 2024 | NewsWatch Today
The Justice Department announced that Citadel Federal Credit Union has agreed to pay more than $6.5 million to resolve allegations that it engaged in lending discrimination by redlining predominantly Black and Hispanic neighborhoods in and around Philadelphia.

ICBA: Credit union tax subsidies continue driving record-high acquisitions

Oct 10, 2024 | NewsWatch Today
Following the 18th credit union acquisition of a community bank this year—and the fifth in Washington state—ICBA said Congress should address antiquated credit union policies.

ICBA raises relief funds, posts online resources

Oct 10, 2024 | NewsWatch Today
The ICBA Foundation Disaster Relief Program continues requesting tax-deductible donations to assist community banks and employees affected by Hurricane Helene.

Fed’s Jefferson encourages input on discount window

Oct 10, 2024 | NewsWatch Today
Federal Reserve Vice Chair Philip Jefferson encouraged comments on the Fed’s request for information on “operational frictions” associated with the discount window and intraday credit.

Independent Banker highlights cybersecurity role for generative AI

Oct 9, 2024 | NewsWatch Today
Generative artificial intelligence could help community banks identify potentially fraudulent activity and security flaws, according to the latest Independent Banker magazine.

FDIC extends comment period for brokered deposit proposal

Oct 9, 2024 | NewsWatch Today
The FDIC extended the comment period on its proposed rule on brokered deposits from Oct. 22 to Nov. 21.

FDIC extends comment period on deposits RFI

Oct 9, 2024 | NewsWatch Today
The FDIC extended until Dec. 6 the comment period on its request for information on deposits, as advocated by ICBA.