Input on FHLBank system mission review due Monday

Jul 12, 2024 | NewsWatch Today
Monday is the deadline for community bankers and others to submit comments on the Federal Housing Finance Agency’s request for input on the mission of the Federal Home Loan Bank System.

Megabank group urges IG to investigate community bank assessment exemption

Jul 11, 2024 | NewsWatch Today
The Bank Policy Institute called on the FDIC Office of the Inspector General to investigate the FDIC’s recent special assessment, which exempted the vast majority of community banks.

Comptroller lauds ICBA’s check fraud efforts

Jul 11, 2024 | NewsWatch Today
Acting Comptroller of the Currency Michael Hsu highlighted the formation of ICBA’s Check Fraud Task Force as an important step in addressing financial fraud.

CFPB proposes mortgage servicing rule

Jul 11, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau issued a proposed rule to amend mortgage servicing rules under Regulation X.

CFPB says it will consider eliminating credit card late fee safe harbor

Jul 10, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau said it plans to assess whether to eliminate the credit card late fee safe harbor under Regulation Z.

Fed’s Powell: Regulators should issue new Basel III Endgame proposal

Jul 10, 2024 | NewsWatch Today
Federal Reserve Chairman Jerome Powell told Congress that regulators should issue a revised Basel III Endgame proposal.

Bowman: Banks well-positioned to support financial inclusion

Jul 10, 2024 | NewsWatch Today
The U.S. banking system is well-positioned to bring consumers into the financial mainstream by providing innovative solutions to meet their credit needs, Federal Reserve Governor Michelle Bowman said.

NCUA budgets far fewer exam hours than FDIC: inspector general

Jul 9, 2024 | NewsWatch Today
Credit unions have a much easier time with exams, according to a report by the National Credit Union Administration’s inspector general.

FinCEN updates beneficial ownership FAQs

Jul 9, 2024 | NewsWatch Today
The Financial Crimes Enforcement Network updated its beneficial ownership information frequently asked questions to include responses to questions about entities that have ceased to exist.

Treasury proposes expanded jurisdiction over transactions near military installations

Jul 9, 2024 | NewsWatch Today
The Treasury Department proposed a rule to add military installations across 30 states to its jurisdiction over transactions by foreign persons in the U.S., following President Joe Biden’s ban of a Chinese cryptocurrency mining facility within a mile of Francis E. Warren Air Force Base.

Independent Banker spotlights importance of change management

Jul 8, 2024 | NewsWatch Today
As new technologies and solutions ebb and flow, change-management strategies are critical to ensure community bank success, according to the latest Independent Banker.

Fed to Congress: No rate cut until inflation comes down

Jul 8, 2024 | NewsWatch Today
The Federal Reserve does not plan to reduce target interest rates until inflation comes down more, according to its latest Monetary Policy Report to Congress.

Senate hearing this week on FDIC chair nomination

Jul 8, 2024 | NewsWatch Today
Senate hearing this week on FDIC chair nomination

ICBA ThinkTECH Accelerator Showcase Hosted at Graduate School of Banking at Colorado

Jul 8, 2024 | Press Release
The Independent Community Bankers of America (ICBA) announced its upcoming ICBA ThinkTECH Accelerator program Showcase will take place at the Graduate School of Banking at Colorado (GSBC). The showcase, which marks the culmination of the latest Accelerator program (AP7), is part of ICBA’s commitment to fostering collaborative community bank-fintech partnerships that reflect current market dynamics and future customer needs.

Best Community Banks to Work For nominations due today

Jul 5, 2024 | NewsWatch Today
Nominations for Independent Banker magazine’s 2024 Best Community Banks to Work For awards are due today. Eligible community banks must submit nominations by 11:59 p.m. (Eastern time).

ICBA to CISA: Exempt community banks from cyber reporting proposal

Jul 5, 2024 | NewsWatch Today
ICBA called on the Cybersecurity and Infrastructure Security Agency to exempt community banks from new cyber reporting rules.

Basel Committee moves forward on crypto standards

Jul 5, 2024 | NewsWatch Today
The Basel Committee on Banking Supervision announced that it has reviewed the comments on its proposed crypto asset exposure disclosure and amendments to its standard on banks’ exposure to crypto assets.

Test ICBA Independent Banker Recognizes Community Banks in Top Lenders List

Jul 3, 2024 | Press Release
Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America® (ICBA), has announced its 2024 Top Lenders. This accolade recognizes outstanding agriculture, commercial, and consumer and mortgage loan producers across three asset size categories.

ICBA: FinCEN underestimates suspicious activity reporting burden

Jul 3, 2024 | NewsWatch Today
The Financial Crimes Enforcement Network underestimates the amount of time and resources community banks dedicate to reporting suspicious activity, ICBA told the agency.

CISA adds cyberattack vulnerability to catalog

Jul 3, 2024 | NewsWatch Today
The Cybersecurity and Infrastructure Security Agency added the Cisco NX-OS Command Injection Vulnerability to its Known Exploited Vulnerabilities Catalog.