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ICBA urges agency collaboration to support underserved communities

Dec 19, 2022 | NewsWatch Today
ICBA encouraged the Treasury Department’s newly formed Interagency Community Investment Committee to promote agency collaboration as it works to support access to affordable capital and financial services in historically underserved communities.

ICBA backs ‘same risk, same regulation’ approach to crypto oversight

Dec 16, 2022 | NewsWatch Today
ICBA said it strongly supports the Financial Stability Board’s approach to international crypto-asset regulation that is based on the principle of “same activity, same risk, same regulation.”

FinCEN proposes rule on accessing beneficial ownership info

Dec 16, 2022 | NewsWatch Today
The Financial Crimes Enforcement Network issued a proposed rule governing access to and protection of beneficial ownership information.

ICBA continues grassroots push as Congress debates omnibus

Dec 16, 2022 | NewsWatch Today
With Congress debating end-of-year omnibus spending legislation, ICBA continues calling on community bankers to reach out to lawmakers on ICBA-advocated cannabis banking legislation and ICBA-opposed language to expand the Durbin Amendment.

Regulators adopt Fair Debt Collection Practices Act exam procedures

Dec 16, 2022 | NewsWatch Today
The Federal Financial Institutions Examination Council’s Task Force on Consumer Compliance adopted revised examination procedures for the Fair Debt Collection Practices Act and its implementing Regulation F.

N.Y. banking agency issues crypto guidance

Dec 16, 2022 | NewsWatch Today
The New York Department of Financial Services released guidance for New York-regulated banking organizations that wish to engage in virtual currency-related activities.

ICBA op-ed: FDIC should draw down assessment rate increase

Dec 13, 2022 | NewsWatch Today
With the Federal Reserve's interest rate hikes hastening the normalization of deposits, the FDIC should respond by quickly drawing down its assessment rate increase, ICBA Chairman Brad Bolton wrote in a new op-ed.

FS-ISAC spotlights Cuba ransomware, smash-and-grab mitigation

Dec 13, 2022 | NewsWatch Today
The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary spotlights the recent Joint Cybersecurity Advisory on Cuba ransomware variants.

Grassroots needed on cannabis banking, Durbin Amendment

Dec 13, 2022 | NewsWatch Today
While the National Defense Authorization Act excludes ICBA-advocated cannabis banking legislation and ICBA-opposed language to expand the Durbin Amendment, the debate over both initiatives continues.

CFPB: TILA doesn’t preempt N.Y. disclosure law

Dec 9, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau issued a preliminary determination that the Truth in Lending Act does not preempt a New York state law requiring commercial financing disclosures.

ICBA urges passage of new Senate bill to close ILC loophole

Dec 7, 2022 | NewsWatch Today
ICBA expressed strong support for the introduction of Senate legislation to close the industrial loan company loophole.

Grassroots heating up as lame-duck Congress winds down

Dec 7, 2022 | NewsWatch Today
As Congress considers must-pass end-of-year legislation, ICBA is calling on community bankers to contact their members of Congress on top advocacy priorities.