Could the final rule cause thoughts of early retirement? Have you read the new best-seller co-authored by the FDIC, the Federal Reserve and the OCC? It’s been as slow as molasses but it’s finally here, so put on your bifocals.
The Independent Community Bankers of America (ICBA) today announced that Ncontracts has been selected as its newest Preferred Service Provider (PSP). Ncontracts, which provides integrated vendor, risk, and compliance management solutions, helps community banks confidently manage their enterprise risk and vendor management workload.
The OCC issued a proposed rule to update its rules for business combinations involving national banks and federal savings associations and to clarify how it reviews applications under the Bank Merger Act.
The Financial Crimes Enforcement Network requested comments on the information it will collect from entities requesting access to beneficial ownership information under a framework it issued last month.
ICBA updated its “Advocacy in Action” government relations dashboard for the first quarter with the latest community banking advocacy successes and priorities.
ICBA and the Cybersecurity and Infrastructure Security Agency are scheduled to host a quarterly tabletop exercise to support community bank cybersecurity.
ICBA and other groups expressed support for legislation that would address concerns with recent IRS policy changes that cut off consumer and commercial lenders from the agency’s Income Verification Express Service.
Senators discussed potential reforms to the National Flood Insurance Program while acknowledging the need for a reauthorization to avoid a lapse in the program.
ICBA continues calling on community bankers to urge their members of Congress to co-sponsor bipartisan legislation designed to help protect the financial privacy of mortgage applicants.
The Cybersecurity and Infrastructure Security Agency and other national and international agencies released joint guidance on using artificial intelligence systems securely.
A new Consumer Financial Protection Bureau proposed rule to restrict the use of non-sufficient-funds fees is another example of the bureau imposing arbitrary price controls that would distort market discipline, ICBA said.
The Federal Reserve Board said the Bank Term Funding Program will cease making new loans as scheduled on Monday, March 11. The program will continue to make loans until that date.
ICBA continues calling on community bankers to urge their members of Congress to co-sponsor bipartisan legislation designed to help protect the financial privacy of mortgage applicants.
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Consumer Financial Protection Bureau proposed rule on non-sufficient-funds fees.
