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ICBA: Additional beneficial ownership reporting changes needed

Nov 1, 2023 | NewsWatch Today
ICBA said that while it supports the Financial Crimes Enforcement Network’s plan to amend its proposed beneficial ownership information reporting form, it is concerned the proposal would require database users to determine whether submitted information is accurate.

White House releases executive order on AI standards

Oct 31, 2023 | NewsWatch Today
President Joe Biden signed an executive order to establish new safety, privacy, and equity standards for artificial intelligence.

IRS extends flexibilities on e-signatures, encrypted email

Oct 31, 2023 | NewsWatch Today
The Internal Revenue Service extended certain temporary flexibilities enacted during the COVID-19 pandemic, including its acceptance of digital signatures.

Ag tech solutions forum this week

Oct 31, 2023 | NewsWatch Today
ICBA’s next ThinkTECH Solutions Forum will spotlight ag tech solutions that can help community banks keep pace with the competition.

New blog post breaks down AI for community banks

Oct 30, 2023 | NewsWatch Today
A new ICBA blog post separates artificial intelligence hype from reality and spotlights what AI means for community banks.

Treasury pledges to continue cracking down on crypto terrorist-financing

Oct 30, 2023 | NewsWatch Today
The Treasury Department pledged to continue targeting the use of crypto-assets to finance terrorism amid increased scrutiny in the wake of Hamas’ attack on Israel.

Barr: Fed backs cross-border harmonization efforts

Oct 30, 2023 | NewsWatch Today
The Federal Reserve supports international efforts to make cross-border payments faster, cheaper, more transparent, and more accessible globally, Fed Vice Chair for Supervision Michael Barr said.

Agency webinar tomorrow on ransomware mitigation

Oct 30, 2023 | NewsWatch Today
Regulators are hosting a webinar at 2 p.m. (Eastern time) tomorrow to provide updates on recent ransomware trends and mitigations.

ICBA advocacy leads to nationwide 1071 injunction

Oct 27, 2023 | NewsWatch Today
A federal court granted an ICBA request to expand injunctive relief from the Consumer Financial Protection Bureau’s Section 1071 final rule to all community banks nationwide.

Fed’s Waller: CBDC pitch unconvincing

Oct 27, 2023 | NewsWatch Today
Federal Reserve Governor Christopher Waller said he has yet to be convinced there is a market failure that a central bank digital currency would resolve.

Lawmakers ask DOJ to target crypto’s role in terrorist financing

Oct 27, 2023 | NewsWatch Today
Two key members of Congress urged the Justice Department to evaluate the extent to which the Binance and Tether crypto firms are supporting terrorism by violating sanctions and the Bank Secrecy Act.

Fed proposes debit card interchange cuts

Oct 26, 2023 | NewsWatch Today
The Federal Reserve Board issued a proposal to lower the maximum interchange fee that covered debit card issuers may receive for debit card transactions.