The Financial Crimes Enforcement Network’s estimated burden of complying with its final rule on accessing beneficial ownership information does not accurately reflect the demands of collecting this information, ICBA said.
ICBA kicked off Community Banking Month, which every April recognizes the service and dedication of community banks to their customers and local communities.
With members of Congress back home in their districts through this week, ICBA continues urging community bankers to continue the grassroots push for a new farm bill with in-person meetings.
Consumer complaints about credit or consumer reporting continued to increase in 2023, according to the Consumer Financial Protection Bureau’s latest annual report.
ICBA urged the Consumer Financial Protection Bureau to stop misusing its authority over unfair, deceptive, or abusive acts or practices to undermine federal disclosure rules.
A federal judge on Friday granted an injunction against federal banking regulators’ Community Reinvestment Act final rule, as requested by ICBA and other groups in a legal challenge.
ICBA expressed support for Rep. Andy Barr’s (R-Ky.) introduction of a resolution to nullify the Consumer Financial Protection Bureau’s final rule to cut credit card late fees.
A federal judge largely upheld the Federal Reserve’s denial of special-purpose depository institution Custodia Bank’s application for a Fed master account.
ICBA said the Basel Committee on Banking Supervision’s framework for classifying cryptoasset exposures validates community bank misgivings about cryptocurrencies.
The Financial Crimes Enforcement Network issued a request for information related to existing requirements for banks under the Customer Identification Program Rule to collect a taxpayer identification number from customers before opening an account.
With members of Congress back home for a district work period, ICBA is urging community bankers to continue the grassroots push for a new farm bill with in-person meetings.
