Mitigation

Following the Biden administration’s release of reports on digital assets policy, ICBA released new polling conducted by Morning Consult indicating consumers support a regulatory framework for digital assets and are skeptical of the creation of a U.S. central bank digital currency.

Sen. Mike Lee (R-Utah) introduced legislation to prohibit the Federal Reserve from issuing a central bank digital currency.

The Financial Crimes Enforcement Network underestimates the regulatory burden of information sharing requests between banks and law enforcement under the USA PATRIOT Act, ICBA told the agency.

ICBA recognized National Preparedness Month in September by issuing tips to help Americans secure their financial documents before disaster strikes.

ICBA and the Cybersecurity and Infrastructure Security Agency are hosting a tabletop exercise today and tomorrow to support community bank cybersecurity.

With cybersecurity topping community bankers’ list of risk concerns, ICBA has partnered with the Cybersecurity and Infrastructure Security Agency to host two tabletop exercise dates next week designed specifically for community bankers.