Financial institutions reported $27 billion in suspicious activities linked to elder financial exploitation from 2022 to 2023, according to the Financial Crimes Enforcement Network.
Persistent inflation and tighter monetary policy are the primary risks to the U.S. financial system, according to the Federal Reserve’s semiannual Financial Stability Report.
As hundreds of community bankers prepare to attend ICBA Capital Summit, which kicks off on Sunday, May 28, ICBA is urging community banks to show support by sending this letter to their members of Congress.
ICBA’s Anne Balcer met yesterday with Federal Reserve Governor Michelle Bowman on the agency’s proposal to lower debit card interchange fees. Fed Governor Bowman, who has spoken out against the proposal, said the agency’s cap on debit card interchange puts smaller issuers at a disadvantage.
The House Financial Services Committee advanced two ICBA-supported Congressional Review Act resolutions, to the full House for consideration. H.J. Res. 127 and H.J. Res. 122, both passed by a 28-22 vote along party lines.
With “pig butchering” scams depending on cryptocurrencies to defraud victims and launder the proceeds, policymakers must strengthen protections against the crypto sector, according to a new ICBA blog post.
With the deadline to sign up for the 2024 ICBA Capital Summit arriving next week, registrations are trending toward record-level attendance for the industry’s premier advocacy event.
In recognition of Financial Literacy Month in April, the Independent Community Bankers of America (ICBA) and the nation's community banks are encouraging Americans to employ fiscally responsible habits and equip themselves with essential financial knowledge to seize control of their financial future.
The International Organization of Securities Commissions said it plans to build on its proposals on crypto markets and decentralized finance in the coming year.
With the deadline to sign up for the 2024 ICBA Capital Summit arriving next week, registrations are trending toward record-level attendance for the industry’s premier advocacy event.
ICBA and other groups filed a friend-of-the-court brief rebutting the Consumer Financial Protection Bureau’s continued assertions that consumer reporting agencies and furnishers are obligated to settle legal disputes.
ICBA and other groups expressed support for House and Senate resolutions to nullify the Consumer Financial Protection Bureau’s final rule to cut credit card late fees.
The Treasury Department reiterated its calls for Congress to grant the department additional tools to address illicit actors’ use of cryptocurrencies to facilitate crime.