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ICBA thanks Comptroller Hsu for recognizing check fraud efforts

Jul 23, 2024 | NewsWatch Today
ICBA thanked Acting Comptroller of the Currency Michael Hsu for highlighting the formation of ICBA’s Check Fraud Task Force and the Financial Sector Fraud Working Group in a recent speech on financial fraud.

ICBA supports Hsu’s remarks on banking industry concentration

Jul 19, 2024 | NewsWatch Today
ICBA expressed support for Acting Comptroller of the Currency Michael Hsu’s remarks about increasing concentration in the banking industry and the separation of banking and commerce.

ICBA op-ed: Stop letting credit unions buy community banks

Jul 19, 2024 | NewsWatch Today
Credit unions are acquiring community banks at a record rate, and outdated policies are subsidizing these deals, ICBA President and CEO Rebeca Romero Rainey wrote in a new op-ed in American Banker.

Agencies finalize guidance on real estate value reconsiderations

Jul 19, 2024 | NewsWatch Today
Federal regulators issued final guidance addressing reconsiderations of value for residential real estate transactions.

New ICBA op-ed: Stop letting credit unions buy community banks

Jul 18, 2024 | NewsWatch Today
Credit unions are acquiring community banks at a record rate, and outdated policies are subsidizing these deals, ICBA President and CEO Rebeca Romero Rainey wrote in a new op-ed in American Banker.

Basel Committee releases final crypto framework with ICBA-backed exclusion

Jul 18, 2024 | NewsWatch Today
The Basel Committee on Banking Supervision published targeted amendments to its cryptoasset standard to tighten the criteria for certain stablecoins to receive a preferential regulatory treatment, which included an exclusion that ICBA strongly backed.

Agencies issue final rule on automated valuation models

Jul 18, 2024 | NewsWatch Today
Federal financial services regulators formally issued a final rule to implement quality control standards for automated valuation models, or AVMs, which mortgage lenders use to value real estate collateral.

ICBA: New FHLBank lending restrictions will reduce access to home loans

Jul 17, 2024 | NewsWatch Today
A recent Federal Home Loan Bank of New York decision to impose new reporting requirements on member banks will restrict access to home loans, ICBA said.

ICBA continues seeking feedback on check fraud

Jul 17, 2024 | NewsWatch Today
ICBA continues encouraging community bankers to share their experiences and input on the challenge of check fraud.

IRS reports problems with crypto tax enforcement

Jul 17, 2024 | NewsWatch Today
Digital asset seizure values have grown exponentially, topping $7 billion in 2022, but compliance enforcement with virtual currency is difficult, according to a new Treasury Department report.

ICBA: FHLBanks’ mission should not be changed

Jul 16, 2024 | NewsWatch Today
ICBA told the Federal Housing Finance Agency that the Federal Home Loan Banks’ mission is clear and does not need to be substantially changed or clarified.

FinCEN official: Beneficial ownership reporting only takes 20 minutes to complete

Jul 16, 2024 | NewsWatch Today
Financial Crimes Enforcement Network Deputy Director Jimmy Kirby said most companies should be able to file beneficial ownership information reporting quickly and without the help of an attorney or accountant.