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FedNow rollout set for May-July

Aug 30, 2022 | NewsWatch Today
The Federal Reserve said it plans to roll out its FedNow instant payments service between May and July of next year.

Romero Rainey: ICBA opposing bill to expand Durbin Amendment

Aug 30, 2022 | NewsWatch Today
ICBA continues speaking out against policymakers’ efforts to expand on harmful Durbin Amendment interventions on payment card systems, ICBA President and CEO Rebeca Romero Rainey wrote in a recent blog post.

ICBA-CISA cyber exercise twice this week

Aug 30, 2022 | NewsWatch Today
ICBA and the Cybersecurity and Infrastructure Security Agency are hosting a tabletop exercise today and tomorrow to support community bank cybersecurity.

USDA announces up to $550M in American Rescue Plan funding

Aug 25, 2022 | NewsWatch Today
The U.S. Department of Agriculture will provide up to $550 million in funding to support projects that enable underserved producers to access land, capital, and markets, and train the next generation of agricultural professionals.

Biden announces student debt forgiveness plan

Aug 25, 2022 | NewsWatch Today
The Biden administration announced plans to provide up to $20,000 in student debt forgiveness and extended the federal student loan repayment moratorium, first implemented under the Trump administration, through Dec. 31.

ICBA-CISA cybersecurity exercise next week

Aug 25, 2022 | NewsWatch Today
With cybersecurity topping community bankers’ list of risk concerns, ICBA has partnered with the Cybersecurity and Infrastructure Security Agency to host two tabletop exercise dates next week designed specifically for community bankers.

House approves spending bill that excludes ICBA-opposed policies

Aug 15, 2022 | NewsWatch Today
The House passed budget reconciliation legislation that excludes several proposed tax provisions strongly opposed by ICBA.

ICBA urging comments on deposit insurance assessments

Aug 15, 2022 | NewsWatch Today
ICBA is calling on community bankers to submit personalized comments to the FDIC opposing its proposal to raise deposit insurance assessment rates by 2 basis points on all insured institutions.

CFPB planning inquiry on credit card interest rates

Aug 15, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau released a blog post targeting the growing divergence between credit card interest and charge-off rates—and previewing an inquiry into industry practices.

ICBA urges uniform CRA rule that minimizes reg burdens

Aug 8, 2022 | NewsWatch Today
ICBA called on federal banking regulators to issue a uniform final rule on Community Reinvestment Act modernization that minimizes new data collection and reporting burdens for community banks.

ICBA guide supports August recess meetings

Aug 8, 2022 | NewsWatch Today
With Congress breaking for the August recess, ICBA offers an updated version of its “Meetings on Main Street” guide to help community bankers host members of Congress.

FS-ISAC covers Robin Banks phishing platform

Aug 8, 2022 | NewsWatch Today
The Financial Services Information Sharing and Analysis Center’s latest weekly risk report spotlights the new phishing-as-a-service platform, Robin Banks.