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Fed publishes master account database

Jun 20, 2023 | NewsWatch Today
The Federal Reserve Board published a database of financial institutions with access to, or requests to access, Federal Reserve Bank master accounts and services.

FDIC revises guidance on re-presentment fees following ICBA outreach

Jun 20, 2023 | NewsWatch Today
The FDIC updated its supervisory guidance on multiple re-presentment nonsufficient funds fees to clarify that it will not ask institutions to conduct a lookback review absent a likelihood of substantial consumer harm.

Senate committee taking up bank executive clawback bill tomorrow

Jun 20, 2023 | NewsWatch Today
The Senate Banking Committee tomorrow is scheduled to take up legislation that would expand existing regulatory authority to claw back compensation from the executives of certain failed banks.

Fed nominees, Powell appearing at committees this week

Jun 20, 2023 | NewsWatch Today
In addition to the Senate Banking Committee markup, there are several key committee hearings this week.

Pro-Russia hackers planning attacks on financial targets: alert

Jun 16, 2023 | NewsWatch Today
Pro-Russia hackers are planning to conduct cyberattacks against Western financial targets, including Swift and the Federal Reserve, according to an alert from the U.S. government.

CFPB says it’s working to streamline mortgage-servicing rules

Jun 16, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau said it will use stakeholder input to propose ways to simplify and streamline mortgage servicing rules.

FDIC issues new cease-and-desist letters on deposit insurance claims

Jun 16, 2023 | NewsWatch Today
The FDIC issued a new series of letters demanding four nonbank entities cease making false or misleading representations about deposit insurance.

Grassroots continues on 1071, rural lending efforts

Jun 16, 2023 | NewsWatch Today
ICBA continues calling on community bankers to use its Be Heard grassroots resource center to urge their members of Congress to support resolutions and policies that affect community bankers across America.

Lawmakers press Chopra on 1071 rule in House hearing

Jun 15, 2023 | NewsWatch Today
Members of Congress continued to press Consumer Financial Protection Bureau Director Rohit Chopra on the bureau’s ICBA-opposed Section 1071 data-collection rule during a second day of hearings on Capitol Hill.

ICBA supports SEC proposal to include more crypto firms in ‘exchange’ definition

Jun 15, 2023 | NewsWatch Today
ICBA expressed support for a Securities and Exchange Commission proposal confirming that crypto exchanges must follow the same rules of the road as other entities that trade securities.

Compensation survey closes today

Jun 15, 2023 | NewsWatch Today
Today is the deadline to participate in the 2023 Crowe Financial Institutions Compensation and Benefits Survey.

OCC: Banks should be ‘on balls of their feet’ in monitoring risk

Jun 15, 2023 | NewsWatch Today
While the overall strength of the federal banking system is sound, banks should be “on the balls of their feet” regarding risk management, the OCC said in its latest Semiannual Risk Perspective.