A federal judge largely upheld the Federal Reserve’s denial of special-purpose depository institution Custodia Bank’s application for a Fed master account.
ICBA and others issued a statement after the decision by the Northern District of Texas late Friday to pause implementation of the Community Reinvestment Act Final Rules.
ICBA said the Basel Committee on Banking Supervision’s framework for classifying cryptoasset exposures validates community bank misgivings about cryptocurrencies.
The Financial Crimes Enforcement Network issued a request for information related to existing requirements for banks under the Customer Identification Program Rule to collect a taxpayer identification number from customers before opening an account.
With members of Congress back home for a district work period, ICBA is urging community bankers to continue the grassroots push for a new farm bill with in-person meetings.
The Consumer Financial Protection Bureau issued a circular warning remittance transfer providers—including digital wallets—that false advertising about the cost or speed of sending a remittance transfer can violate federal law.
The Treasury Department issued a report on how the financial services sector can manage cybersecurity risks posed by artificial intelligence technologies
With members of Congress back home for a district work period, ICBA is urging community bankers to continue the grassroots push for a new farm bill with in-person meetings.
The Cybersecurity and Infrastructure Security Agency published for public inspection its pending proposed rule that would require covered entities to report to CISA on covered cyber incidents and ransom payments.
Visa, Mastercard, major credit card issuers, and the merchants suing them announced a proposed settlement to end nearly two decades of litigation over credit card interchange. ICBA is analyzing this new settlement to determine the impact on the community banking sector.
With members of Congress back home for a district work period, ICBA is urging community bankers to continue the grassroots push for a new farm bill with in-person meetings.
The Swift financial transactions and payments network said its latest experiment with a central bank digital currency successfully demonstrated the use of CBDCs in digital trade, payments, and tokenized foreign-exchange and asset networks.
With members of Congress back home for a two-week district work period, ICBA is urging community bankers to continue the grassroots push for a new farm bill with in-person meetings.
Reps. Blaine Luetkemeyer (R-Mo.) and Andy Barr (R-Ky.) asked the Government Accountability Office to study the potential impact of the Federal Reserve’s proposal to lower debit card interchange fees.
ICBA filed a Freedom of Information Act request for federal records related to whether legislative changes are required to issue a U.S. central bank digital currency.
