NewsWatch Today

Senators are set to host dueling press conferences today on the Biden administration’s ICBA-opposed plan to require banks to report customer information to the IRS.

The Farm Credit Administration posted its latest regulatory projects plan. The plan cites pending regulations on a Farm Credit System bridge bank; an annual strategic plan on young, beginning, and small farmers; collateral evaluation regulations; and more.

ICBA told regulators it supports their efforts to consolidate guidance on third-party risk management while providing recommendations on the proposed interagency guidance.

Attorneys general from 20 states expressed opposition to the Biden administration’s proposal to require banks to report customer information to the IRS.

ICBA told the National Credit Union Administration that credit unions should first be subject to the full provisions of the Basel III regulatory capital standards before capital relief measures are considered.

The Commodity Futures Trading Commission fined Tether, the largest stablecoin issuer, $41 million for misleading claims that its U.S. dollar token was fully backed by reserves.

The OCC released its bank supervision operating plan for fiscal 2022. The plan provides the foundation for policy initiatives and for supervisory strategies to guide OCC staff.

With Congress working to modify its IRS reporting proposal in response to widespread opposition, ICBA and 100 other organizations pushed back against false claims from supporters of the policy.

ICBA encouraged the FDIC to adopt a hybrid examination model that uses on-site and off-site exam activity as it explores the future of post-pandemic oversight.

ICBA’s concerns with the nomination of Cornell University law professor Saule Omarova for comptroller of the currency continued generating headlines.

The New York Times covered ICBA’s concerns with the nomination of Cornell University law professor Saule Omarova for comptroller of the currency.

Congressional pushback against the reconciliation package’s ICBA-opposed IRS reporting proposal continued with commentary from Senate leaders.