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FinCEN warns of cryptocurrency risk

Oct 1, 2020 | NewsWatch Today
Banks should expect examiners and the Financial Crimes Enforcement Network to ask about risk exposure related to virtual currencies, FinCEN Director Kenneth Blanco said.

Enlist small businesses in PPP push

Oct 1, 2020 | NewsWatch Today
ICBA is now calling on community bankers to enlist small-business customers in urging Congress to immediately pass legislation to simplify Paycheck Protection Program forgiveness.

Bowman: Community banks critical to PPP

Oct 1, 2020 | NewsWatch Today
Community banks were essential to the success of the Paycheck Protection Program by serving the smallest businesses outside the focus of larger banks, Federal Reserve Governor Michelle "Miki" Bowman said.

Flood insurance extension passes

Oct 1, 2020 | NewsWatch Today
The Senate passed a short-term spending package that includes a one-year extension of the National Flood Insurance Program.

ICBA, agency roundtable on homeownership today

Oct 1, 2020 | NewsWatch Today
ICBA President and CEO Rebeca Romero Rainey is scheduled to join top regulators at 3 p.m. (Eastern time) today for a virtual roundtable discussion on homeownership.

Comment Letter Regarding DOJ's Bank Merger Competitive Review Guidelines

Sep 30, 2020 | Letters to Regulators | NewsWatch Today | Testimony
The competitive landscape of the banking industry has changed substantially since the Bank Merger Competitive Review Guidelines were adopted in 1995. ICBA strongly believes it is appropriate to update the approach to reviewing bank mergers.

Preserving the Integrity of the Bank Charter: The Community Bank Perspective

Sep 29, 2020 | Letters to Regulators | NewsWatch Today | Testimony
Community banks welcome technological innovation, but we must also recognize that technological change underscores the importance of a robust legal framework to ensure consumer protection as well as the safety and soundness of our institutions.

Virtual BSA/AML Institute in November

Sep 29, 2020 | NewsWatch Today
With the regulatory agencies committing to tougher and more inclusive BSA/AML exams, Community Banker University is hosting an upcoming BSA/AML Institute.

PPP loan-forgiveness problems make news

Sep 29, 2020 | NewsWatch Today
Politico reported on the frustrations of community banks and other lenders with the Paycheck Protection Program's loan-forgiveness process.

ICBA opposes threshold change on securities filings

Sep 29, 2020 | NewsWatch Today
ICBA filed a comment letter opposing the SEC's proposal to raise the threshold over which institutional investment managers are required to file quarterly Form 13F reports.

Hearing on fintech payments framework

Sep 28, 2020 | NewsWatch Today
While Congress continues to work on another stimulus package, the House Financial Services Committee has a virtual hearing this week on fintech payments.

Regulator council backs stricter GSE capital standards

Sep 28, 2020 | NewsWatch Today
The Financial Stability Oversight Council largely endorsed the Federal Housing Finance Agency's proposal to raise capital requirements on Fannie Mae and Freddie Mac.