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Credit union acquisition of Ill. community bank will not close

Aug 14, 2023 | NewsWatch Today
A planned credit union acquisition of a community bank in Illinois will not go through, according to S&P Global.

Fed hosting FedNow town hall this month

Aug 11, 2023 | NewsWatch Today
The Federal Reserve said it is hosting a town hall meeting this month on the FedNow Service.

Agencies request feedback on secure open-source software

Aug 11, 2023 | NewsWatch Today
The Cybersecurity and Infrastructure Security Agency and other agencies issued a request for information on areas for prioritization to secure open-source software.

ICBA ThinkTECH Accelerator director profiled by BankBeat

Aug 11, 2023 | NewsWatch Today
ICBA ThinkTECH Accelerator Director Stephanie Foster, who joined ICBA in January to help plan and execute ICBA’s award-winning program, is the subject of a new profile in BankBeat.

ICBA releases updated guide for August recess meetings

Aug 9, 2023 | NewsWatch Today
ICBA released an updated version of its “Meetings on Main Street” guide to help community bankers host members of Congress during the August congressional recess.

ICBA request for 1071 relief makes headlines

Aug 9, 2023 | NewsWatch Today
ICBA’s actions to challenge the Consumer Financial Protection Bureau's Section 1071 final rule and seek injunctive relief for community banks is making headlines.

FHFA responds to ICBA concerns with new credit score models

Aug 9, 2023 | NewsWatch Today
The Federal Housing Finance Agency said it is considering adjustments to its plan for transitioning Fannie Mae and Freddie Mac to new credit score models following outreach from ICBA and other groups.

Fed updates policy on supervising stablecoins, novel activities

Aug 9, 2023 | NewsWatch Today
The Federal Reserve Board released additional information on its program to supervise novel activities in the banks it oversees, including stablecoin activity.

OCC issues guidance on legal lending limit

Aug 9, 2023 | NewsWatch Today
The OCC issued guidance on the applicability of the legal lending limit to purchased loans.

ICBA requests 1071 relief in court filings, CFPB letter

Aug 7, 2023 | NewsWatch Today
As part of ICBA’s efforts to ensure a recent court decision granting temporary injunctive relief from the Consumer Financial Protection Bureau’s Section 1071 final rule applies to all community banks, ICBA on Friday filed a motion and complaint calling on the court to invalidate the final rule and enjoin the CFPB from enforcing it.

Agencies release report on top routinely exploited vulnerabilities

Aug 7, 2023 | NewsWatch Today
The Cybersecurity and Infrastructure Security Agency and other agencies issued a report on last year’s top routinely exploited vulnerabilities.

FDIC issues new cease-and-desist letter on deposit insurance claims

Aug 7, 2023 | NewsWatch Today
The FDIC issued a new letter demanding that a nonbank crypto entity cease making false or misleading representations about deposit insurance.