NewsWatch Today

As Americans await news about the stimulus bill and the prospect of receiving direct Economic Impact Payments, ICBA has compiled answers to the top issues impacting community banks.

The Conference of State Bank Supervisors filed a complaint in the U.S. District Court for the District of Columbia opposing the OCC’s creation of a new national bank charter for nonbank companies and its impending approval of a charter application from Figure Technologies Inc.

Months of relentless advocacy by ICBA and community bankers, with the support of their small business customers, helped secure ICBA-advocated provisions.

The Consumer Financial Protection Bureau issued an advisory opinion to address regulatory uncertainty regarding Regulation B related to special purpose credit programs to meet special social needs.

The Department of Homeland Security and Cybersecurity and Infrastructure Security Agency issued supplemental guidance to its alert for affected organizations to help mitigate exposure related to the supply chain attack on the SolarWinds Orion Platform.

Through tens of thousands of phone calls and direct messages to your members of Congress, you made your voices heard, community bankers, and once again Washington paid attention.

Congress is expected to vote this week on legislation designed to provide economic relief for communities, small businesses, families, and individuals affected by the COVID-19 pandemic as well as public health measures.

Congressional leaders announced the outline of a deal for an economic stimulus package and year-end spending bill, with passage expected as soon as today.

Federal banking agencies issued a proposal that would require banks to promptly notify their primary federal regulator after a computer security incident.

The Financial Crimes Enforcement Network issued a proposed rule to increase transparency of certain transactions involving convertible virtual currency or digital assets with legal tender status.

The cyber criminals who targeted the SolarWinds Orion Platform appear to have limited their follow-up attacks to a relatively small number of IT and government enterprises, according to a blog post from Microsoft President Brad Smith.

The Consumer Financial Protection Bureau issued a final rule to implement Fair Debt Collection Practices Act requirements for certain consumer disclosures. The rule requires debt collectors to provide detailed disclosures at the outset of collection communications.