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Hsu: Agencies planning additional clarity on crypto activities

Nov 17, 2021 | NewsWatch Today
Federal banking regulators will soon issue a short statement that describes the recently concluded interagency “crypto sprint,” Acting Comptroller of the Currency Michael Hsu said.

Credit union satisfaction lags banks again: index

Nov 17, 2021 | NewsWatch Today
Consumer satisfaction with credit unions lagged banks for the third year in a row, according to a national survey covered by CU Today.

ICBA urging grassroots pushback against SBA direct lending plan

Nov 16, 2021 | NewsWatch Today
ICBA is calling on community bankers to continue the campaign opposing proposed changes to the SBA 7(a) loan program contained in the House budget-reconciliation bill.

Republican senators denounce postal banking pilot

Nov 16, 2021 | NewsWatch Today
A group of 19 Senate Republicans led by Sen. John Boozman (Ark.) denounced an ICBA-opposed U.S. Postal Service pilot program to test postal banking.

IRS issues November Child Tax Credit payments

Nov 16, 2021 | NewsWatch Today
The Treasury Department said families with roughly 61 million eligible children received more than $15 billion in the fifth batch of Advance Child Tax Credit payments, most via direct deposit.

House committee Republicans issue CBDC principles

Nov 16, 2021 | NewsWatch Today
House Financial Services Committee Republicans released principles to guide Congress in evaluating potential proposals for a U.S. central bank digital currency.

IRS reporting press push continues

Nov 9, 2021 | NewsWatch Today
The community banking industry continued its media push against the IRS bank reporting proposal, which remains a threat even after it was recently left out of the framework guiding Democratic discussions.

Treasury targets ransomware operators

Nov 9, 2021 | NewsWatch Today
The Treasury Department announced a new round of coordinated actions as part of the federal government’s response to ransomware.

ICBA continues IRS push in congressional roundtable

Nov 8, 2021 | NewsWatch Today
ICBA continued pushing back against the IRS reporting proposal during testimony at a House Financial Services Committee Republican roundtable.

ICBA releases new innovation podcast

Nov 8, 2021 | NewsWatch Today
ICBA released the second podcast in its new Communities of Innovation series on community bank innovation stories and experiences.

ICBA-backed updates included in cyber reporting bill

Nov 8, 2021 | NewsWatch Today
Lawmakers reached an agreement on bipartisan cyber incident reporting legislation that includes ICBA-advocated updates to avoid excessive burdens on community banks.

CFPB targets faulty identity matching practices

Nov 5, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau issued an advisory opinion affirming that consumer reporting companies engaging in “shoddy name-matching procedures” are violating the law.