NewsWatch Today

A growing number of bank customers are moving their money from large institutions to community banks, according to a new Wall Street Journal report.

The unregulated Tether stablecoin reached $100 billion in circulation this week amid rising demand for cryptocurrencies, Reuters reported.

The March issue of ICBA Independent Banker magazine profiles incoming ICBA Chairman Lucas White.

ICBA this week is hosting its first-quarter update on regulations and congressional events from inside the Capital Beltway.

Consumers receive fewer financial protections from tax-exempt credit unions than they do from tax-paying banks and lose protections when credit unions acquire banks, according to a top National Credit Union Administration official.

With credit union representatives meeting with members of Congress in Washington this week, ICBA today is releasing new polling data showing Americans support reforms to policies that arbitrarily favor credit unions.

Rep. Joyce Beatty (D-Ohio) introduced ICBA-supported legislation to codify a Treasury Department program to support minority depository institutions and other community banks.

Regulators meeting this week at Community Reinvestment Conference

The Consumer Financial Protection Bureau issued guidance to law enforcement agencies and regulators explaining how companies operating comparison-shopping tools can break the law when they steer consumers to certain products or lenders because of kickbacks.

The Federal Housing Finance Agency announced updates to the implementation of new credit score requirements for single-family loans acquired by Fannie Mae and Freddie Mac.

A new academic paper found “pig butchering” scams—in which victims invest increasing sums in supposedly legitimate virtual currency enterprises before being conned out of their money—claimed $75 billion since January 2020.

The head of the Financial Stability Board warned of the risks posed by multifunction crypto intermediaries and stablecoins.