Newsroom Graphic

NewsWatch Today

Agencies sunsetting Cybersecurity Assessment Tool

Aug 30, 2024 | NewsWatch Today
Federal banking regulators said they are sunsetting the Federal Financial Institutions Examination Council the Cybersecurity Assessment Tool on Aug. 31, 2025.

Banking regulators update IT Examination Handbook

Aug 30, 2024 | NewsWatch Today
The Federal Financial Institutions Examination Council issued the Development, Acquisition, and Maintenance booklet as part of its Information Technology Examination Handbook.

ICBA: Bill targeting financial fraud would increase scams

Aug 29, 2024 | NewsWatch Today
ICBA and other groups told members of Congress that their legislation to shift liability for authorized transactions to financial institutions would increase scams.

Fed’s Waller: Domestic networks for fast payments need to be developed before international links

Aug 29, 2024 | NewsWatch Today
Federal Reserve Governor Christopher Waller said global networks for fast payments would have to be founded on well-developed domestic networks or it “could end up being a road to nowhere.”

CISA warns of Iran-based ransomware attacks

Aug 29, 2024 | NewsWatch Today
The Cybersecurity and Infrastructure Security Agency, the FBI and the Department of Defense issued a joint advisory that warns of cyber actors known as Pioneer Kitten, UNC757, Parisite, Rubidium, and Lemon Sandstorm are targeting and exploiting U.S. and foreign organizations across multiple sectors.

ICBA: Credit union buying stadium naming rights highlights tax inequity

Aug 28, 2024 | NewsWatch Today
ICBA said that a credit union paying for NFL stadium naming rights is the latest example of how credit unions are violating the limits established by Congress to justify their federal tax exemption.

CFPB report: Retail chains charging cash-back fees to customers using debit cards

Aug 28, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau issued a report that said Americans are paying tens of millions of dollars in fees to access their own money when getting cash back at large retail stores when making a purchase with a debit or prepaid card.

FinCEN: Financial institutions should remain vigilant to transactions associated with synthetic opioids

Aug 28, 2024 | NewsWatch Today
The Financial Crimes Enforcement Network reminded financial institutions to monitor for and report suspicious transactional activity related to the illicit fentanyl supply chain and the trafficking of illicit fentanyl and other synthetic opioids.

ICBA will continue the fight after court denies motion challenging 1071 rule

Aug 27, 2024 | NewsWatch Today
ICBA will continue fighting the Consumer Financial Protection Bureau’s 1071 small-business rule after a U.S. District Court denied ICBA’s legal challenge to the agency’s rulemaking.

CFPB releases beta test of small business lending platform

Aug 27, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau announced the availability of the beta platform for the small business lending data collection rule pursuant to section 1071 of the Dodd-Frank Act.

SEC files charges against crypto firm

Aug 27, 2024 | NewsWatch Today
The Securities and Exchange Commission announced that it filed charges against a “crypto bank” that claimed depositors could earn returns “auto-magically.”

Community bank CFOs: It’s about managing your margin

Aug 26, 2024 | NewsWatch Today
Even as rates stay higher and competition for deposits remains strong, fueling margin pressure, community bank chief financial officers don’t see impending doom and focus instead on increasing other areas of income, according to the latest Independent Banker.