NewsWatch Today

In recognition of Cybersecurity Awareness Month, ICBA released tips to help consumers protect their sensitive financial information and minimize the risk of cyber threats.

The FDIC announced regulatory relief to facilitate recovery in areas of Florida, Georgia, North Carolina, and South Carolina affected by Hurricane Helene. The FDIC also published a disaster webpage with more information for banks that are affected.

The Consumer Financial Protection Bureau issued an advisory opinion that said debt collectors, which may include third-party “revenue cycle management” companies, are violating federal law when they collect on inaccurate or legally invalid medical debts.

The Federal Housing Finance Agency issued a proposed rule that would amend its regulation of Federal Home Loan Bank unsecured credit limits.

The Federal Housing Finance Agency issued an advisory bulletin that provides guidance to the Federal Home Loan Banks on incorporating climate-related risks into their risk-management frameworks.

In a new American Banker article (subscription required), ICBA continued its call for the Consumer Financial Protection Bureau to include a community bank exemption in its pending 1033 rule on sharing consumer financial data.

The Federal Housing Finance Agency issued an advisory bulletin to the Federal Home Loan Banks that details expectations for providing members with access to advances in a safe and sound manner.

The FDIC announced regulatory relief to facilitate recovery in areas of Georgia affected by Tropical Storm Debby and areas of Vermont affected by severe storms, flooding, landslides, and mudslides.

ICBA recently issued a guide to help community bankers participate in the Economic Growth and Regulatory Paperwork Reduction Act review process launched by banking regulators this year.

The ICBA Community online platform continues to grow and has now surpassed 4,000 members.

ICBA’s campaign opposing credit union acquisitions of tax-paying community banks continued generating headlines with a new Bloomberg report on the FDIC’s recent policy update on bank mergers.

The Financial Crimes Enforcement Network sanctioned PM2BTC, a Russian virtual currency exchanger associated with Sergey Sergeevich Ivanov, as being a money-laundering concern in connection with illicit finance.