NewsWatch Today

The Federal Financial Institutions Examination Council updated its BSA/AML Examination Manual, which instructs examiners on assessing BSA/AML compliance.

Federal regulators announced 2022 updates to key regulatory thresholds.

ICBA President and CEO Rebeca Romero Rainey called on community bankers to join the grassroots push on the Consumer Financial Protection Bureau’s 1071 proposal.

The Consumer Financial Protection Bureau said community banks charge lower overdraft fees than larger institutions.

ICBA is calling on community bankers to submit personalized comments on the Consumer Financial Protection Bureau’s proposal to implement Dodd-Frank Section 1071 collection and reporting requirements.

ICBA continued its grassroots efforts against a provision under consideration in the Build Back Better reconciliation bill that would authorize the Small Business Administration from making direct loans under the 7(a) program.

The Consumer Financial Protection Bureau raised the annual threshold adjustment maximum that consumer reporting agencies may charge consumers for making a file disclosure to a consumer under the Fair Credit Reporting Act.

Five Democratic senators reportedly don't support Saule Omarova’s nomination to lead the Office of the Comptroller of the Currency, raising fresh doubts about her confirmation after ICBA and state community banks groups expressed opposition.

The Cybersecurity and Infrastructure Security Agency and FBI issued a cybersecurity reminder for public and private sector organizations to remain vigilant against ransomware and other cyberattacks during the holiday season.

Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell are scheduled to testify this week before the Senate Banking and House Financial Services committees.

Federal regulators said they plan to provide greater regulatory clarity on crypto-related activities next year, with the OCC issuing an interpretive letter with guidance on digital assets.

The SBA Office of Advocacy expressed support for ICBA and state banking associations’ request that the Consumer Financial Protection Bureau extend the comment deadline on its proposal to implement Dodd-Frank Section 1071 collection and reporting requirements.