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Report on cross-border settlements could influence CBDC debate

Feb 21, 2023 | NewsWatch Today
The Bank for International Settlements issued a report to help central banks extend operating hours for real-time gross settlement systems to reduce delays in cross-border payments settlement.

OCC updates change-in-control booklet

Feb 21, 2023 | NewsWatch Today
The OCC issued a revised version of the “Change In Bank Control” booklet of the Comptroller’s Licensing Manual.

ICBA to FDIC: Exercise duty to deny ILC applications

Feb 13, 2023 | NewsWatch Today
ICBA called on the FDIC to deny pending deposit insurance applications from industrial loan companies, citing the outsized risks ILCs pose to the Deposit Insurance Fund, financial stability, and consumers.

Waller warns banks of crypto risks while PayPal pauses stablecoin work

Feb 13, 2023 | NewsWatch Today
Federal Reserve Governor Christopher Waller said banks engaging with crypto customers should be “very clear” about the customers’ business models, risk-management systems, and corporate governance structures to ensure the bank is not left “holding the bag if there is a crypto meltdown.”

OCC’s Hsu: Herfindahl-Hirschman Index review on the table

Feb 13, 2023 | NewsWatch Today
Prepared remarks from Acting Comptroller of the Currency Michael Hsu reiterated his push for regulators to review federal frameworks for bank mergers.

ICBA urging letters to Congress on 2023 priorities

Feb 13, 2023 | NewsWatch Today
ICBA is calling on community bankers to advocate top policy priorities for the new 118th Congress in direct messages to lawmakers.

ICBA’s Bolton: ‘Regulatory blind spot’ shows risks of credit union bank purchases

Feb 9, 2023 | NewsWatch Today
ICBA Chairman Brad Bolton wrote in a new op-ed that the nation’s chief credit union regulator recently hinted at one of the problems with the growth of credit union acquisitions of community banks: the threat to U.S. cybersecurity.

ICBA’s State of the Union ‘junk fee’ response makes news

Feb 9, 2023 | NewsWatch Today
ICBA’s response to President Joe Biden’s comments on “junk fees” during Tuesday’s State of the Union address made headlines.

ICBA urges committee to enhance data privacy bill

Feb 9, 2023 | NewsWatch Today
ICBA expressed support for provisions of legislation designed to improve consumer privacy and data security accountability for more entities that handle consumer data.

New polling indicates consumer opposition to Durbin Amendment expansion

Feb 9, 2023 | NewsWatch Today
The Electronic Payments Coalition released new polling conducted by Morning Consult indicating that consumers across all income levels are benefiting from credit card rewards to help make ends meet during uncertain economic times.

OCC updates booklet on branch closings

Feb 8, 2023 | NewsWatch Today
The OCC issued the “Branch Closings” booklet of the Comptroller’s Licensing Manual. The revised booklet replaces the booklet of the same title issued June 2017, makes corrections where necessary, and contains updated guidance.

CFPB issues guidance on digital mortgage platforms

Feb 8, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau issued an advisory opinion to prevent digital mortgage comparison-shopping platforms from illegally referring borrowers to only lenders paying referral fees.