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EGRPRA grassroots letters due tomorrow

Oct 29, 2024 | NewsWatch Today
ICBA continues urging community bankers to use its Be Heard grassroots action center to submit comments on the current Economic Growth and Regulatory Paperwork Reduction Act review.

Pew research: Americans don’t think crypto is safe

Oct 29, 2024 | NewsWatch Today
More than six in 10 Americans (63%) say they have little to no confidence that investing in, trading, or using cryptocurrencies is reliable and safe, according to the Pew Research Center.

Independent Banker: Faster payments don’t have to lead to faster fraud

Oct 25, 2024 | NewsWatch Today
Addressing real-time payments fraud requires a combination of techniques—there's no silver bullet—according to the latest Independent Banker magazine.

FHA seeks feedback on housing proposals

Oct 25, 2024 | NewsWatch Today
The Federal Housing Administration posted two draft mortgagee letters on its Drafting Table for feedback:

CFPB: Companies must follow FCRA rules when tracking employees

Oct 25, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau issued a circular that said that companies using third-party consumer reports must follow Fair Credit Reporting Act rules.

Report: Tokenization’s impact remains uncertain

Oct 22, 2024 | NewsWatch Today
A new report outlines the opportunities, risk, and future considerations for tokenization, or the process of generating and recording a digital representation of traditional assets on a programmable platform.

Mutuals launch ‘Mutuals Matter’ campaign

Oct 22, 2024 | NewsWatch Today
An association of banking leaders from mutual banks across the country launched a new campaign highlighting the community-minded benefits offered by mutuals.

ICBA Foundation raising relief funds for multiple states

Oct 22, 2024 | NewsWatch Today
The ICBA Foundation’s Hurricane Relief Fund continues requesting tax-deductible donations to assist community bankers in Florida, Georgia, North Carolina, and South Carolina affected by Hurricanes Helene and Milton.

ICBA Foundation distributing hurricane relief funds across multiple states

Oct 21, 2024 | NewsWatch Today
The ICBA Foundation’s Hurricane Relief Fund continues requesting tax-deductible donations to assist community bankers in Florida, Georgia, North Carolina, and South Carolina affected by Hurricane Helene and Hurricane Milton.

ICBA requests extension for comments on FDIC’s proposal on custodial accounts

Oct 21, 2024 | NewsWatch Today
ICBA and other groups asked for a 60-day extension to the comment period for the FDIC’s Notice of Proposed Rulemaking on Recordkeeping for Custodial Accounts, which would establish new recordkeeping requirements for “custodial deposit accounts with transactional features” at insured depository institutions.

Fed’s Waller: DeFi’s tech innovations could improve centralized finance

Oct 21, 2024 | NewsWatch Today
Federal Reserve Governor Christopher Waller said the technological innovations stemming from decentralized finance are largely complementary to centralized finance and can help improve it.

FinCEN: Certain telecommunications service providers are exempt from beneficial ownership requirements

Oct 18, 2024 | NewsWatch Today
The Financial Crimes Enforcement Network issued a final rule to clarify that certain telecommunications service providers qualify as “regulated public utilities” and are exempt from the Corporate Transparency Act’s beneficial ownership information reporting requirements. The final rule is effective immediately upon publication in the Federal Register.