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FDIC signage and advertising requirements proposal

Apr 11, 2023 | NewsWatch Today
ICBA wrote in support of a new FDIC proposal to update signage requirements across all banking channels to clearly distinguish insured deposits from noninsured deposits and combat misleading statements to customers regarding the safety of their deposits.

ICBA urging grassroots outreach on farm bill principles

Apr 11, 2023 | NewsWatch Today
ICBA is calling on community bankers to urge their members of Congress to include six key principles in this year’s farm bill.

Latest ICBA podcast on winning the talent war

Apr 11, 2023 | NewsWatch Today
The latest episode of ICBA’s “Independent Banker” podcast focuses on thinking creatively about recruitment amid the Great Resignation.

CFPB reports on small entities’ calls to restrict impact of 1033 rule

Apr 10, 2023 | NewsWatch Today
The CFPB this week released its Small Business Regulatory Enforcement Fairness Act report on its pending rulemaking to establish standards for sharing consumer financial data, setting the stage for the bureau to issue a proposed rule.

FDIC reports effective consumer compliance

Apr 6, 2023 | NewsWatch Today
The FDIC conducted roughly 1,000 consumer compliance examinations last year and found supervised institutions demonstrated effective management of their consumer compliance responsibilities, the agency said.

CFPB launches 1071 technical support program

Apr 6, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau launched a technical support program to help financial institutions implement and comply with its newly released Section 1071 final rule.

CFPB issues guidance on abusive conduct

Apr 4, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau issued a policy statement that explains the legal prohibition on abusive conduct in consumer financial markets and summarizes precedent.

FinCEN reports on business email compromise in the real estate sector

Apr 3, 2023 | NewsWatch Today
The Financial Crimes Enforcement Network issued an analysis on patterns and trends identified in Bank Secrecy Act data relating to business email compromise in the real estate sector in 2020 and 2021.

Hsu says overdraft practices pose UDAP risks

Apr 3, 2023 | NewsWatch Today
Acting Comptroller of the Currency Michael Hsu said not all overdraft fees present equal compliance risks and spotlighted “authorize positive, settle negative” and re-presentment fees as particularly risky.

CFPB says TILA doesn’t preempt state disclosure laws

Mar 29, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau said state disclosure laws covering lending to businesses in California, New York, Utah, and Virginia are not preempted by the federal Truth in Lending Act.

ICBA offers custom op-ed distinguishing community banks

Mar 27, 2023 | NewsWatch Today
ICBA is offering community bankers a new customizable op-ed to help differentiate community banks from larger and riskier financial institutions.

FinCEN publishes guidance on beneficial ownership reporting

Mar 27, 2023 | NewsWatch Today
The Financial Crimes Enforcement Network published its first set of guidance materials to help small businesses understand upcoming beneficial ownership information reporting requirements taking effect on Jan. 1, 2024.