ICBA: Credit unions shouldn’t get Basel III shortcut

Oct 18, 2021 | NewsWatch Today
ICBA told the National Credit Union Administration that credit unions should first be subject to the full provisions of the Basel III regulatory capital standards before capital relief measures are considered.

Top stablecoin issuer fined $41M over reserve claims

Oct 18, 2021 | NewsWatch Today
The Commodity Futures Trading Commission fined Tether, the largest stablecoin issuer, $41 million for misleading claims that its U.S. dollar token was fully backed by reserves.

OCC issues 2022 supervision plan

Oct 18, 2021 | NewsWatch Today
The OCC released its bank supervision operating plan for fiscal 2022. The plan provides the foundation for policy initiatives and for supervisory strategies to guide OCC staff.

ICBA, groups push back on IRS reporting false claims

Oct 15, 2021 | NewsWatch Today
With Congress working to modify its IRS reporting proposal in response to widespread opposition, ICBA and 100 other organizations pushed back against false claims from supporters of the policy.

ICBA backs hybrid exam model

Oct 15, 2021 | NewsWatch Today
ICBA encouraged the FDIC to adopt a hybrid examination model that uses on-site and off-site exam activity as it explores the future of post-pandemic oversight.

OCC nomination continues generating press

Oct 12, 2021 | NewsWatch Today
ICBA’s concerns with the nomination of Cornell University law professor Saule Omarova for comptroller of the currency continued generating headlines.

Jack Henry Partners with Open Banking Providers to Enhance Digital Platform

Oct 12, 2021 | Press Release
Jack Henry announced today that Finicity, Akoya, and Plaid are among the first open banking pioneers to integrate to the Banno Digital Platform using the Banno Digital ToolkitSM.

ICBA concerns with OCC nomination make headlines

Oct 8, 2021 | NewsWatch Today
The New York Times covered ICBA’s concerns with the nomination of Cornell University law professor Saule Omarova for comptroller of the currency.

Senators ramp up opposition to IRS reporting plan

Oct 8, 2021 | NewsWatch Today
Congressional pushback against the reconciliation package’s ICBA-opposed IRS reporting proposal continued with commentary from Senate leaders.

Financial Stability Board issues stablecoin progress report

Oct 8, 2021 | NewsWatch Today
The Financial Stability Board issued a progress report on its implementation of high-level recommendations on regulating “global stablecoin” arrangements.

Senators continue opposition to 7(a) direct lending

Oct 7, 2021 | NewsWatch Today
A group of 15 Republican senators led by Tim Scott (S.C.) continued pushing back against ICBA-opposed proposed changes to the SBA 7(a) loan program.

DOJ team to target crypto platforms

Oct 7, 2021 | NewsWatch Today
The Justice Department has launched a team to target cryptocurrency platforms that support money laundering, a top DOJ official said

Global regulators issue guidance on stablecoin oversight

Oct 7, 2021 | NewsWatch Today
Central bankers and international securities regulators issued guidance on how financial market principles would apply to stablecoins.

WSJ editorial targets IRS reporting plan

Oct 6, 2021 | NewsWatch Today
ICBA’s campaign against the reconciliation package’s IRS reporting proposal picked up additional steam with a Wall Street Journal editorial opposing the measure.

Quarles: LIBOR definitely expiring at year-end

Oct 6, 2021 | NewsWatch Today
Market participants should act now to accelerate their transition away from LIBOR, Federal Reserve Vice Chair for Supervision Randal Quarles said.

ICBA takes on postal banking pilot in press

Oct 6, 2021 | NewsWatch Today
ICBA continued its pushback against the U.S. Postal Service’s quiet launch of a financial services pilot program to test postal banking.

ICBA Offers Cybersecurity Tips to Help Safeguard Sensitive Data ​

Oct 5, 2021 | Press Release
ICBA and the nation’s community banks are reminding consumers of simple actions they can take during Cybersecurity Awareness Month to safeguard sensitive data and keep their digital lives secure.

Minority bank council to Congress: reject IRS reporting plan

Oct 4, 2021 | NewsWatch Today
ICBA’s Minority Bank Advisory Council continued its opposition to the Biden administration’s proposal to require banks to report customer account information to the IRS.

Luetkemeyer leads pushback on 7(a) direct loan proposal

Oct 4, 2021 | NewsWatch Today
House Small Business Committee Ranking Member Blaine Luetkemeyer (R-Mo.) expressed concerns with ICBA-opposed proposed changes to the SBA 7(a) loan program.

Administration planning crypto charter proposal: report

Oct 4, 2021 | NewsWatch Today
The Biden administration’s upcoming report on digital assets will include recommendations on imposing bank-like regulation on crypto companies that issue stablecoins, The Wall Street Journal reported.