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FinCEN updates beneficial ownership information resources

Dec 4, 2023 | NewsWatch Today
The Financial Crimes Enforcement Network updated its beneficial ownership information frequently asked questions, Small Entity Compliance Guide, quick reference materials, and informational video.

FDIC adds new technical assistance videos

Dec 4, 2023 | NewsWatch Today
The FDIC announced updates to its Technical Assistance Video Program.

House set to vote today on nullifying 1071 rule

Dec 1, 2023 | NewsWatch Today
ICBA is calling on community bankers to urge their members of Congress to support a resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule ahead of a House vote slated for today.

ICBA congratulates new CSBS chief

Dec 1, 2023 | NewsWatch Today
ICBA congratulated Brandon Milhorn for being named president and CEO of the Conference of State Bank Supervisors.

Chopra pressed on 1071 rule during Senate hearing

Dec 1, 2023 | NewsWatch Today
Consumer Financial Protection Bureau Director Rohit Chopra faced questions from Congress about the bureau’s Section 1071 small-business data reporting rule.

FDIC, OCC issue CRA exam schedule

Dec 1, 2023 | NewsWatch Today
The FDIC and OCC issued lists of institutions scheduled for Community Reinvestment Act examination during the first and second quarters of 2024.

ICBA to FDIC: Focus new resolution standards on banks over $100B

Nov 30, 2023 | NewsWatch Today
ICBA said it agrees with an FDIC proposal to implement resolution planning for banks with at least $100 billion in assets but said banks between $50 billion and $100 billon should generally be exempt.

Community bank net income declines in Q3

Nov 30, 2023 | NewsWatch Today
Community banks reported a 4.8% third-quarter decline in net income from the previous quarter and a 15% decrease from the same period a year ago, according to the FDIC’s latest Quarterly Banking Profile.

Grassroots push continues ahead of House 1071 vote

Nov 30, 2023 | NewsWatch Today
ICBA is calling on community bankers to urge their members of Congress to support a resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule ahead of a House vote slated for this week.

FinCEN extends deadline for beneficial ownership reporting

Nov 30, 2023 | NewsWatch Today
The Financial Crimes Enforcement Network extended the deadline for certain reporting companies to file their initial reports on beneficial ownership information.

ICBA pushing grassroots outreach ahead of House 1071 vote

Nov 29, 2023 | NewsWatch Today
With the House expected to vote this week on an ICBA-advocated resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA is calling on community bankers to urge their members of Congress to support the measure.

FHFA raises conforming loan limits for 2024

Nov 29, 2023 | NewsWatch Today
The Federal Housing Finance Agency increased the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2024.