The Consumer Financial Protection Bureau announced the withdrawal of certain guidance, interpretive rules, policy statements, and advisory opinions issued since 2011.
Fraud mechanisms and scam typologies are constantly evolving, according to the latest Independent Banker magazine, and community banks must build awareness, knowledge, and prevention skills to successfully thwart them.
After the Senate Banking Committee advanced the nomination of Michelle Bowman to be the Federal Reserve’s vice chair for supervision, ICBA urged the full Senate to approve Bowman for the role.
Security recently debuted as the latest discussion group to be added to ICBA Community—the exclusive digital network for ICBA members—and it already boasts almost 80 members.
The Consumer Financial Protection Bureau’s 1071 small-business rule and its implementation deadlines remain on hold for ICBA community banks amid ongoing litigation and a bureau review of the rule.