NewsWatch Today

ICBA-opposed credit union acquisitions of taxpaying community banks have reached an annual record less than halfway through the year, according to a new report.

A look at some of the hearings taking place this week that are relevant to community bankers.

The Consumer Financial Protection Bureau launched a public inquiry into what is driving an increase in mortgage closing costs.

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement after the latest acquisition of a tax-paying bank by a tax-exempt credit union.

Community bank net income rose 6.1% in the first quarter but remained down 13.9% from a year ago, according to the FDIC’s latest Quarterly Banking Profile.

The Consumer Financial Protection Bureau argued in a court filing that online-initiated wire transfers are subject to the Electronic Fund Transfer Act and Regulation E, even though the law exempts transfers made by banks “by means of” a wire service.

The Securities and Exchange Commission issued an investor alert on how fraudsters use cryptoassets to lure victims and hide their identities, which makes recovering stolen funds more difficult.

The Treasury Department published its first risk assessment on non-fungible tokens.

The Consumer Financial Protection Bureau issued an interpretive rule that says “buy now, pay later” lenders are credit card providers.

ICBA released a community banker guide to check fraud as part of its ongoing effort to address the growing problem.

ICBA is urging community bankers to call and write their members of Congress ahead of tomorrow’s House Agriculture Committee farm bill markup.

With the House expected to vote this week on ICBA-supported legislation to restrict the development of a U.S. central bank digital currency, ICBA is calling on community bankers to urge their members of Congress to support the bill.