NewsWatch Today

ICBA expressed support for an Internal Revenue Service proposal designed to clarify the tax treatment of digital assets.

ICBA is slated to hold a complimentary briefing this week on the interagency final rule to reform Community Reinvestment Act regulations.

ICBA this week is launching a survey on the value of community banks, small-business lending, and the regulatory environment. The survey will inform a forthcoming ICBA report on the impact of recent regulatory changes, including the Consumer Financial Protection Bureau’s Section 1071 rulemaking.

With Congress working this week to advance funding bills to avoid a government shutdown ahead of Friday’s deadline, ICBA is calling on community bankers to contact their members of Congress on pressing legislative issues.

Federal Reserve Governor Michelle Bowman reiterated her concerns with the community bank impact of regulators’ Community Reinvestment Act final rule and other recent agency actions.

A key member of the House Financial Services Committee raised concerns with the Federal Housing Finance Agency’s plan to change credit report requirements for Fannie Mae and Freddie Mac mortgages.

The Financial Crimes Enforcement Network issued a final rule that specifies the circumstances in which a reporting company may report an entity’s FinCEN identifier in lieu of information about individual beneficial owners.

Federal Reserve Governor Michelle Bowman expressed concerns with the community bank impact of regulators’ Community Reinvestment Act final rule and other recent agency actions.

ICBA and its affiliated state community banking associations called on the Consumer Financial Protection Bureau to extend the comment deadline on its proposal to implement standards for sharing consumer financial data under Section 1033 of the Dodd-Frank Act.

The Financial Crimes Enforcement Network and the Bureau of Industry and Security issued a joint notice highlighting a new Suspicious Activity Report key term.

ICBA is slated to hold a complimentary briefing next week on the interagency final rule to reform Community Reinvestment Act regulations.

ICBA announced the rebranding of Community Banker University to ICBA Education as part of the new ICBA brand, which launched last week.