NewsWatch Today

During an ambitious board meeting on Tuesday, the FDIC issued a proposed rule to revise regulations on brokered deposits following the recent failure of the nonbank deposit broker Synapse Financial.

The FDIC board of directors approved a request for information on deposit data that is not currently reported in the call report or other regulatory reports, including for uninsured deposits.

The Financial Crimes Enforcement Network issued a notice to customers of financial institutions about reporting beneficial ownership information, or BOI.

The Government Accountability Office said scams are a significant and growing problem for U.S. individuals and businesses, noting that scams involving fake investment opportunities rose from $3.31 billion in 2022 to $4.57 billion in 2023.

ICBA is encouraging community bankers to register for regulators’ upcoming virtual meeting on federal banking regulations.

ICBA continues calling on community bankers to urge their senators to include in must-pass legislation a bipartisan bill that would protect the financial privacy of mortgage applicants.

ICBA commended the federal banking regulators for heeding ICBA’s calls to hold a virtual public outreach meeting as part of the latest regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act.

ICBA this week hosted its latest ThinkTECH Accelerator Showcase spotlighting growth-stage companies that serve or wish to serve community banks and their customers.

ICBA continued to raise awareness of check fraud in a new round of media coverage.

ICBA continues calling on community bankers to urge their senators to include in must-pass legislation a bipartisan bill that would protect the financial privacy of mortgage applicants.

ICBA and community bankers continued differentiating the industry from larger institutions in a new article on commercial lending in The New York Times.

ICBA continues calling on community bankers to urge their senators to attach a bipartisan mortgage-privacy bill to must-pass legislation.