NewsWatch Today

ICBA is scheduled to testify before Congress tomorrow on its farm bill priorities and other key proposals for the ag sector.

ICBA and other groups asked the Consumer Financial Protection Bureau to extend the comment deadline on its proposed rule on credit card penalty fees by 45 days, to June 18.

ICBA Bancard extended the deadline for its survey on ACH fraud and whether it is a significant concern for community bankers and customers.

The FDIC and OCC issued supervisory guidance on consumer compliance risks associated with bank overdraft protection programs.

The Consumer Financial Protection Bureau issued guidance on debt collectors threatening to foreclose on homes with mortgages past the statute of limitations.

The American Bankers Association position that the entire banking industry is responsible for covering the cost of recent large bank failures shows why community banks need their own voice in Washington, ICBA President and CEO Rebeca Romero Rainey said.

The Treasury Department issued a strategy on de-risking, which occurs when financial institutions terminate or restrict business relationships indiscriminately with broad categories of customers rather than analyzing and managing the risk of those customers.

The Federal Reserve Board said it will release its review of the supervision and regulation of Silicon Valley Bank at 11 a.m. (Eastern time) this Friday.

ICBA applauded the Financial Stability Oversight Council’s unanimous votes to propose new interpretive guidance on nonbank financial company designations and an analytic framework for identifying potential risks to financial stability from certain activities.

ICBA expressed support for legislation to give mortgage applicants more control over their private financial information.

The Treasury Department’s Office of Foreign Assets Control sanctioned three individuals for supporting North Korea via illicit financing and malicious cyber activity.

In a new Payment Security interview, ICBA Bancard Executive Vice President and Chief Operating Officer Rebecca Kruse discusses how community banks can put anti-fraud controls in place to prepare for the forthcoming launch of the FedNow Service.