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Credit union debt offering bolsters oversight push

Feb 2, 2022 | NewsWatch Today
A new rule that allows private institutional investors to exploit credit union tax subsidies is yet another reason for Congress to investigate credit union policies, ICBA President and CEO Rebeca Romero Rainey wrote this week in a new op-ed.

Credit union debt offering bolsters need for oversight: op-ed

Feb 1, 2022 | NewsWatch Today
A new rule that allows private institutional investors to exploit credit union tax subsidies is yet another reason for Congress to investigate credit union policies, ICBA President and CEO Rebeca Romero Rainey writes in a new op-ed.

FS-ISAC spotlights threats to smaller institutions

Feb 1, 2022 | NewsWatch Today
The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary report focuses on growing cybersecurity risks to small and minority-led financial institutions.

New ICBA podcast covers finding, keeping talent

Jan 28, 2022 | NewsWatch Today
The latest episode of ICBA’s Communities of Innovation podcast focuses on recruiting and retaining top bank talent in today’s competitive job market.

Fed issues expected FedNow pricing approach

Jan 28, 2022 | NewsWatch Today
The Federal Reserve released its anticipated pricing approach for its FedNow instant payments service ahead of next year’s launch.

ICBA-CISA launching series of cybersecurity exercises

Jan 26, 2022 | NewsWatch Today
ICBA and the Cybersecurity and Infrastructure Security Agency are hosting a first-of-its-kind series of exercises in February and May to support community bank cybersecurity.

ThinkTECH Accelerator cohort increasingly competitive: blog

Jan 26, 2022 | NewsWatch Today
The ICBA ThinkTECH Accelerator cohort continues to demonstrate an increasing understanding of community banking and their challenges and opportunities, ICBA’s Charles Potts writes in a new blog post.

FinCEN proposes SAR-sharing pilot program

Jan 25, 2022 | NewsWatch Today
The Financial Crimes Enforcement Network proposed establishing a limited-duration pilot program for sharing suspicious activity reports, in accordance with Section 6212 of the Anti-Money Laundering Act of 2020.

Feds revamp Child Tax Credit website

Jan 25, 2022 | NewsWatch Today
The federal government relaunched a revamped website—ChildTaxCredit.gov—to help taxpayers file their taxes and access the remainder or the full amount of the expanded Child Tax Credit.

Fed issues long-awaited CBDC discussion paper

Jan 21, 2022 | NewsWatch Today
The Federal Reserve Board released a long-awaited discussion paper that examines the pros and cons of a potential U.S. central bank digital currency, or CBDC.

ACH Network volume rises 6.1% in Q4

Jan 21, 2022 | NewsWatch Today
ACH Network volume increased 6.1% in the fourth quarter of 2021 from a year earlier, Nacha reported.

CFPB to examine colleges’ in-house lending practices

Jan 20, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau said it will begin examining the operations of post-secondary schools, such as for-profit colleges, that extend private loans directly to students.