Federal financial regulators requested comment on a proposed rule that would establish data standards for certain information collections submitted to the agencies.
ICBA encourages community bankers interested in providing oral comments at federal regulators’ virtual public outreach meeting on banking regulations to register by this Friday’s deadline.
The OCC issued a proclamation allowing national banks, federal savings associations, and federal branches to close offices in areas of Florida and Georgia affected by Hurricane Debby.
Requiring “buy now, pay later” digital user accounts to comply with the billing error resolution process in Regulation Z could provide community banks relief, ICBA told the Consumer Financial Protection Bureau.
Federal banking regulators formally issued their second request for comment under the latest Economic Growth and Regulatory Paperwork Reduction Act regulatory review.
Fraudsters are increasingly using information gained from public record searches on recorded mortgages to create checks drawn on home equity lines of credit, ICBA’s Rebeca Romero Rainey shared in a message to community bankers this week.
Fraudsters are increasingly using information gained from public record searches on recorded mortgages to create checks drawn on home equity lines of credit, ICBA told community bankers.
Republican members of the Senate Banking Committee called on the FDIC to withdraw proposed corporate governance guidelines, citing their impact on community banks that serve small and rural communities.
The Federal Open Market Committee voted to keep interest rates unchanged until it has gained greater confidence that inflation is moving sustainably toward the Federal Reserve’s 2% goal.
In the past 24 hours, several ICBA members have reported a new form of fraud they have experienced in their banks this week: check fraud related to home equity lines of credit. Members of ICBA's Check Fraud Task Force have also reported an uptick in HELOC-related check fraud.
During an ambitious board meeting on Tuesday, the FDIC issued a proposed rule to revise regulations on brokered deposits following the recent failure of the nonbank deposit broker Synapse Financial.
The FDIC board of directors approved a request for information on deposit data that is not currently reported in the call report or other regulatory reports, including for uninsured deposits.
ICBA Payments, the payments subsidiary of the Independent Community Bankers of America (ICBA), announced today a new partnership with Pidgin to facilitate instant payments for the nation’s community banks.
The Financial Crimes Enforcement Network issued a notice to customers of financial institutions about reporting beneficial ownership information, or BOI.
The Government Accountability Office said scams are a significant and growing problem for U.S. individuals and businesses, noting that scams involving fake investment opportunities rose from $3.31 billion in 2022 to $4.57 billion in 2023.
ICBA continues calling on community bankers to urge their senators to include in must-pass legislation a bipartisan bill that would protect the financial privacy of mortgage applicants.
ICBA commended the federal banking regulators for heeding ICBA’s calls to hold a virtual public outreach meeting as part of the latest regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act.
