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Fed’s Powell: Regulators should issue new Basel III Endgame proposal

Jul 10, 2024 | NewsWatch Today
Federal Reserve Chairman Jerome Powell told Congress that regulators should issue a revised Basel III Endgame proposal.

Bowman: Banks well-positioned to support financial inclusion

Jul 10, 2024 | NewsWatch Today
The U.S. banking system is well-positioned to bring consumers into the financial mainstream by providing innovative solutions to meet their credit needs, Federal Reserve Governor Michelle Bowman said.

NCUA budgets far fewer exam hours than FDIC: inspector general

Jul 9, 2024 | NewsWatch Today
Credit unions have a much easier time with exams, according to a report by the National Credit Union Administration’s inspector general.

FinCEN updates beneficial ownership FAQs

Jul 9, 2024 | NewsWatch Today
The Financial Crimes Enforcement Network updated its beneficial ownership information frequently asked questions to include responses to questions about entities that have ceased to exist.

Treasury proposes expanded jurisdiction over transactions near military installations

Jul 9, 2024 | NewsWatch Today
The Treasury Department proposed a rule to add military installations across 30 states to its jurisdiction over transactions by foreign persons in the U.S., following President Joe Biden’s ban of a Chinese cryptocurrency mining facility within a mile of Francis E. Warren Air Force Base.

Independent Banker spotlights importance of change management

Jul 8, 2024 | NewsWatch Today
As new technologies and solutions ebb and flow, change-management strategies are critical to ensure community bank success, according to the latest Independent Banker.

Fed to Congress: No rate cut until inflation comes down

Jul 8, 2024 | NewsWatch Today
The Federal Reserve does not plan to reduce target interest rates until inflation comes down more, according to its latest Monetary Policy Report to Congress.

Senate hearing this week on FDIC chair nomination

Jul 8, 2024 | NewsWatch Today
Senate hearing this week on FDIC chair nomination

Best Community Banks to Work For nominations due today

Jul 5, 2024 | NewsWatch Today
Nominations for Independent Banker magazine’s 2024 Best Community Banks to Work For awards are due today. Eligible community banks must submit nominations by 11:59 p.m. (Eastern time).

ICBA to CISA: Exempt community banks from cyber reporting proposal

Jul 5, 2024 | NewsWatch Today
ICBA called on the Cybersecurity and Infrastructure Security Agency to exempt community banks from new cyber reporting rules.

Basel Committee moves forward on crypto standards

Jul 5, 2024 | NewsWatch Today
The Basel Committee on Banking Supervision announced that it has reviewed the comments on its proposed crypto asset exposure disclosure and amendments to its standard on banks’ exposure to crypto assets.

ICBA: FinCEN underestimates suspicious activity reporting burden

Jul 3, 2024 | NewsWatch Today
The Financial Crimes Enforcement Network underestimates the amount of time and resources community banks dedicate to reporting suspicious activity, ICBA told the agency.