Global policy groups continued making their case for central bank digital currencies with the release of a new International Monetary Fund guidebook on digital dollars.
The FDIC board of directors is scheduled to meet at 10 a.m. (Eastern time) today to finalize the agency’s special assessment to replenish the Deposit Insurance Fund following large bank failures earlier this year.
ICBA Bancard, ICBA’s payments subsidiary, unveiled its new brand—ICBA Payments. The name change reflects its expanded offerings beyond card services and a broader focus on the larger payments landscape.
ICBA and other groups urged the Consumer Financial Protection Bureau to deny a recent petition seeking a rulemaking that would ban pre-dispute arbitration provisions in contracts for consumer financial services.
The Cybersecurity and Infrastructure Security Agency released an artificial intelligence roadmap designed to support the secure development and implementation of AI capabilities.
ICBA this week is launching a survey on the value of community banks, small-business lending, and the regulatory environment. The survey will inform a forthcoming ICBA report on the impact of recent regulatory changes, including the Consumer Financial Protection Bureau’s Section 1071 rulemaking.
With Congress working this week to advance funding bills to avoid a government shutdown ahead of Friday’s deadline, ICBA is calling on community bankers to contact their members of Congress on pressing legislative issues.
Federal Reserve Governor Michelle Bowman reiterated her concerns with the community bank impact of regulators’ Community Reinvestment Act final rule and other recent agency actions.
A key member of the House Financial Services Committee raised concerns with the Federal Housing Finance Agency’s plan to change credit report requirements for Fannie Mae and Freddie Mac mortgages.
The Financial Crimes Enforcement Network issued a final rule that specifies the circumstances in which a reporting company may report an entity’s FinCEN identifier in lieu of information about individual beneficial owners.
Federal Reserve Governor Michelle Bowman expressed concerns with the community bank impact of regulators’ Community Reinvestment Act final rule and other recent agency actions.
ICBA and its affiliated state community banking associations called on the Consumer Financial Protection Bureau to extend the comment deadline on its proposal to implement standards for sharing consumer financial data under Section 1033 of the Dodd-Frank Act.
The Financial Crimes Enforcement Network and the Bureau of Industry and Security issued a joint notice highlighting a new Suspicious Activity Report key term.
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Federal Housing Finance Agency report on the Federal Home Loan Banks.