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Stabenow outlines farm bill safety net principles

Jan 22, 2024 | NewsWatch Today
Senate Agriculture Committee Chairwoman Debbie Stabenow (D-Mich.) sent a letter to committee members outlining her plan for the farm safety net in the 2024 farm bill.

FDIC demands entities cease false deposit insurance claims

Jan 22, 2024 | NewsWatch Today
The FDIC issued letters demanding five entities and certain associated parties cease and desist from making false and misleading statements about FDIC deposit insurance.

CISA issues emergency directive on Ivanti vulnerabilities

Jan 22, 2024 | NewsWatch Today
The Cybersecurity and Infrastructure Security Agency issued an emergency directive that requires agencies to implement vendor-published mitigation guidance immediately to Ivanti Connect Secure and Ivanti Policy Secure solutions.

ICBA urges credit union hearing following Navy Federal reports

Jan 19, 2024 | NewsWatch Today
ICBA called on congressional committees to convene a hearing on credit union lending practices and oversight following reports of discriminatory lending at Navy Federal Credit Union.

Huizenga: SEC underestimates cost of climate disclosure proposal

Jan 19, 2024 | NewsWatch Today
House Financial Services Subcommittee on Oversight and Investigations Chairman Bill Huizenga (R-Mich.) said the Securities and Exchange Commission has dramatically underestimated the cost of its proposed rule to institute climate-related investor disclosures.

Hsu calls for new liquidity standards for midsize, large banks

Jan 19, 2024 | NewsWatch Today
Acting Comptroller of the Currency Michael Hsu called for new regulations that would require midsize and large banks to have sufficient liquidity to cover stress outflows over a five-day period.

Stablecoins top choice for crypto scams: report

Jan 19, 2024 | NewsWatch Today
Stablecoins last year were used in 70% of crypto scam transactions and more than 80% of crypto payments to sanctioned countries, individuals, and companies, according to a new report.

CFPB issues overdraft proposal with community bank exemption

Jan 18, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau issued a proposed rule on overdraft services that would exempt community banks under $10 billion in assets.

Agencies start 10-year regulatory review

Jan 18, 2024 | NewsWatch Today
Federal banking regulators kicked off their decennial review of agency rules under the Economic Growth and Regulatory Paperwork Reduction Act.

OCC issues guidance on shorter securities settlement cycle

Jan 18, 2024 | NewsWatch Today
The OCC said banks should prepare for a change in the standard securities settlement cycle for most U.S. securities transactions, effective May 28.

Credit card, rural lending grassroots ongoing

Jan 18, 2024 | NewsWatch Today
ICBA continues calling on community bankers to urge their lawmakers

‘40 Under 40’ nominations now open

Jan 16, 2024 | NewsWatch Today
ICBA Independent Banker opened nominations for its 2024 “40 Under 40: Community Bank Leaders” awards.