NewsWatch Today

Federal Reserve researchers said a U.S. central bank digital currency would likely have only a marginal impact on the international role of the U.S. dollar and the role of U.S. payment systems in cross-border payments.

The U.S. and U.K. governments said they have successfully disrupted LockBit, one of the world’s most active ransomware groups.

The Consumer Financial Protection Bureau issued a procedural rule updating the process by which financial institutions can appeal supervisory findings.

ICBA’s Charles Potts highlighted several recent innovation milestones, including the opening of its Center for Innovation, which coincided with ThinkTECH Regulator Day on Feb. 15, and its inaugural ThinkTECH Core Day event, held earlier in the month, in a new blog post.

Federal Reserve Vice Chair for Supervision Michael Barr said Friday that bank supervisors are increasing scrutiny for larger banks in the wake of Silicon Valley Bank’s failure due in part to large unrealized losses.

A Consumer Financial Protection Bureau report on credit card data show that smaller credit card issuers have "significantly lower" median annual percentage rates than the largest 25 credit card companies.

While Congress is out for the Presidents’ Day recess, ICBA continues calling on community bankers to use its Be Heard grassroots action center to urge lawmakers to support several pro-community bank bills.

Federal Reserve Governor Christopher Waller said he does not expect the U.S. dollar to lose its status as the world's reserve currency due to challenges from cryptocurrencies and the Chinese renminbi.

The pursuit of improvements in the payments system to expand access to the financial system must avoid the temptation to exclusively rely on new technology, Federal Reserve Governor Michelle Bowman said.

More than 350 people have contacted the law firm conducting an independent review of the FDIC’s workplace culture, according to the FDIC board’s special committee overseeing the review.

ICBA called on Congress to advance legislation to coordinate and strengthen recent Financial Crimes Enforcement Network anti-money laundering rulemakings.

A single bank missing its revenue expectations and increasing its provisioning does not change the fact that the overall banking system is strong, Federal Reserve Vice Chair for Supervision Michael Barr said.