NewsWatch Today

ICBA tomorrow is hosting a complimentary briefing on the latest advocacy developments in Washington and needed grassroots outreach.

ICBA laid out its six principles for the new farm bill that Congress is developing to replace the 2018 farm bill that expires this year.

The Financial Crimes Enforcement Network issued an alert to financial institutions on the nationwide surge in check fraud schemes targeting the U.S. Mail.

The U.S. Supreme Court said it will take up a case challenging the Consumer Financial Protection Bureau's funding method after a federal appeals court ruled last fall that it is unconstitutional.

Custodia Bank is reportedly continuing its effort to procure a master account with the Federal Reserve after the special-purpose depository institution was denied last month.

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.

The OCC issued a revised version of the “Change In Bank Control” booklet of the Comptroller’s Licensing Manual.

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.

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.”

Prepared remarks from Acting Comptroller of the Currency Michael Hsu reiterated his push for regulators to review federal frameworks for bank mergers.

ICBA is calling on community bankers to advocate top policy priorities for the new 118th Congress in direct messages to lawmakers.

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.