Newsroom Graphic

NewsWatch Today

FinCEN seeking comment on application for reporting identifier

Sep 29, 2023 | NewsWatch Today
The Financial Crimes Enforcement Network is seeking additional comment on a proposed application that entities would use to obtain an identifier for reporting beneficial ownership information.

FinCEN proposes extending deadline for filing beneficial owner info

Sep 28, 2023 | NewsWatch Today
The Financial Crimes Enforcement Network issued a proposal to extend the deadline for certain reporting companies to file their initial beneficial ownership information reports.

CISA launches cybersecurity public awareness campaign

Sep 27, 2023 | NewsWatch Today
The Cybersecurity and Infrastructure Security Agency announced the launch of a nationwide cybersecurity public awareness campaign to educate Americans on how to stay safe online.

ICBA opposing congressional efforts to advance rate caps

Sep 27, 2023 | NewsWatch Today
ICBA and other groups expressed united opposition to a legislative proposal to impose a national cap on the fees and interest charged on consumer loans.

ICBA requests comment extension on overtime proposal

Sep 27, 2023 | NewsWatch Today
ICBA and other groups asked the Labor Department to extend by 60 days the comment period on its proposal to increase the number of employees who are entitled to overtime compensation.

Senate preps for vote on resolution to reverse 1071 rule

Sep 27, 2023 | NewsWatch Today
With the Senate set to act as soon as this week on a resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA is urging community bankers to urge their senators to support the measure.

Fed joins crackdown on re-presented transactions

Sep 26, 2023 | NewsWatch Today
The Federal Reserve has joined the FDIC and OCC in targeting how banks treat single items that are repeatedly rejected for insufficient funds.

Grassroots urgent as Senate prepares to act on 1071 reversal

Sep 25, 2023 | NewsWatch Today
With the Senate set to act as soon as this week on a resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA is urging community bankers to urge their senators to support the measure.

Key stakeholders join opposition to credit card routing bill

Sep 25, 2023 | NewsWatch Today
A key member of the House along with major airlines and transportation unions last week announced their opposition to legislation that would impose credit card routing restrictions, which ICBA continues urging community bankers to speak out against.

SBA Advocacy roundtables on new overtime proposal

Sep 25, 2023 | NewsWatch Today
The Small Business Administration’s Office of Advocacy this week is hosting roundtable discussions on the Labor Department’s proposal to increase the number of employees who are entitled to overtime compensation. Banks with less than $850 million in assets—which are defined as small businesses by the SBA—are invited to join.

Fed’s Bowman urges community banks to weigh in on agency rulemakings

Sep 25, 2023 | NewsWatch Today
Federal Reserve Governor Michelle Bowman encouraged community bankers to provide feedback on agency rulemakings.

ICBA opposing latest effort to advance credit card routing bill

Sep 22, 2023 | NewsWatch Today
ICBA continues calling on community bankers to urge their senators to oppose legislation that would impose credit card routing restrictions amid renewed efforts to attach it to government funding measures.