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ICBA calls for research on community bank impact of digital assets

Mar 6, 2023 | NewsWatch Today
ICBA called on the federal government to support and prioritize research on the specific effects of digital assets on community banks and their customers.

ICBA urging comments supporting updated TRID disclosures

Mar 2, 2023 | NewsWatch Today
ICBA is encouraging community bankers to call on the Consumer Financial Protection Bureau to adopt an ICBA proposal to improve mortgage disclosures required under TILA-RESPA Integrated Disclosure rules.

Treasury lays out objectives of CBDC working group

Mar 2, 2023 | NewsWatch Today
A Treasury-led interagency working group charged with advancing work on a possible U.S. central bank digital currency has narrowed its objectives into three key policy areas, Treasury's Nellie Liang said.

ICBA Q1 advocacy briefing tomorrow

Feb 28, 2023 | NewsWatch Today
ICBA tomorrow is hosting a complimentary briefing on the latest advocacy developments in Washington and needed grassroots outreach.

ICBA presents Congress with principles for 2023 farm bill

Feb 28, 2023 | NewsWatch Today
ICBA laid out its six principles for the new farm bill that Congress is developing to replace the 2018 farm bill that expires this year.

FinCEN issues alert on surge in mail theft-related check fraud

Feb 28, 2023 | NewsWatch Today
The Financial Crimes Enforcement Network issued an alert to financial institutions on the nationwide surge in check fraud schemes targeting the U.S. Mail.

Supreme Court taking up challenge to CFPB funding structure

Feb 28, 2023 | NewsWatch Today
The U.S. Supreme Court said it will take up a case challenging the Consumer Financial Protection Bureau's funding method after a federal appeals court ruled last fall that it is unconstitutional.

Special-purpose nonbank Custodia continues push for Fed master account

Feb 21, 2023 | NewsWatch Today
Custodia Bank is reportedly continuing its effort to procure a master account with the Federal Reserve after the special-purpose depository institution was denied last month.

Report on cross-border settlements could influence CBDC debate

Feb 21, 2023 | NewsWatch Today
The Bank for International Settlements issued a report to help central banks extend operating hours for real-time gross settlement systems to reduce delays in cross-border payments settlement.

OCC updates change-in-control booklet

Feb 21, 2023 | NewsWatch Today
The OCC issued a revised version of the “Change In Bank Control” booklet of the Comptroller’s Licensing Manual.

ICBA to FDIC: Exercise duty to deny ILC applications

Feb 13, 2023 | NewsWatch Today
ICBA called on the FDIC to deny pending deposit insurance applications from industrial loan companies, citing the outsized risks ILCs pose to the Deposit Insurance Fund, financial stability, and consumers.

Waller warns banks of crypto risks while PayPal pauses stablecoin work

Feb 13, 2023 | NewsWatch Today
Federal Reserve Governor Christopher Waller said banks engaging with crypto customers should be “very clear” about the customers’ business models, risk-management systems, and corporate governance structures to ensure the bank is not left “holding the bag if there is a crypto meltdown.”