Bowman: Climate guidance reflects agency loss of focus

Jan 9, 2024 | NewsWatch Today
Interagency climate risk principles for institutions with at least $100 billion in assets illustrate banking regulators’ lost focus on core financial risks, Federal Reserve Governor Michelle Bowman said.

Agency panel advances report seeking DeFi framework

Jan 9, 2024 | NewsWatch Today
The Commodity Futures Trading Commission’s Technology Advisory Committee advanced a report calling on the government to address risks posed by decentralized finance.

Beneficial ownership reports to FinCEN top 100K: Yellen

Jan 9, 2024 | NewsWatch Today
The Financial Crimes Enforcement Network has received more than 100,000 filings on beneficial ownership information since it began accepting reports last week, Treasury Secretary Janet Yellen said.

Joint letter on pending overdraft rules makes headlines

Jan 8, 2024 | NewsWatch Today
A joint letter from ICBA and other groups to the Consumer Financial Protection Bureau on pending rulemakings related to overdraft and non-sufficient-funds fees is making news.

FDIC’s McKernan: Agencies should review policies on major asset managers

Jan 8, 2024 | NewsWatch Today
FDIC Director Jonathan McKernan said regulators should investigate the impact of the “Big Three” asset managers—Vanguard, BlackRock, and State Street—on the banking industry.

Yellen beneficial ownership remarks kick off week in Washington

Jan 8, 2024 | NewsWatch Today
Yellen beneficial ownership remarks kick off week in Washington

ThinkTECH Accelerator sessions start next week

Jan 8, 2024 | NewsWatch Today
Community bankers can register to participate in the sixth ICBA ThinkTECH Accelerator program to meet with six emerging fintech companies advancing community bank innovation.

ICBA announces support for proposed large-bank debt rules

Jan 5, 2024 | NewsWatch Today
ICBA announced its support for an interagency proposal to require banks with $100 billion or more in assets to maintain minimum levels of externally issued long-term debt.

Rep. Blaine Luetkemeyer won’t seek reelection

Jan 5, 2024 | NewsWatch Today
Rep. Blaine Luetkemeyer (R-Mo.), who chairs the House Financial Services Committee’s national security subcommittee, said he will retire from Congress at the end of his current term.

CFPB accepting HMDA data submissions

Jan 5, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau said its filing period for Home Mortgage Disclosure Act data collected in 2023 opened on Jan. 1. Submissions will be considered timely if received on or before Friday, March 1.

FDIC compares bank impact of different inflationary periods

Jan 5, 2024 | NewsWatch Today
The recent inflationary period has had a different impact on banks than did the periods of stagflation during the 1970s, the FDIC said in a new report.

ICBA Supports Proposed Long-Term Debt Requirements for Large Banks

Jan 4, 2024 | Press Release
The Independent Community Bankers of America (ICBA) expressed support for an interagency proposal to require banks with $100 billion or more in assets to maintain minimum levels of externally issued long-term debt

ICBA Community tops 2,000 members

Jan 4, 2024 | NewsWatch Today
The ICBA Community online platform continues to grow, recently surpassing 2,000 members since its launch in July.

ICBA supports proposed debt requirements for large banks

Jan 4, 2024 | NewsWatch Today
ICBA expressed support for an interagency proposal to require banks with $100 billion or more in assets to maintain minimum levels of externally issued long-term debt.

ICBA to CFPB: Small-biz review needed ahead of overdraft proposal

Jan 4, 2024 | NewsWatch Today
ICBA and other groups called on the Consumer Financial Protection Bureau to hold off on any rulemakings related to overdraft and non-sufficient-funds fees until it conducts a statutorily required review under the Small Business Regulatory Enforcement Fairness Act.

ThinkTECH Accelerator private sessions coming up

Jan 4, 2024 | NewsWatch Today
Community bankers can register to participate in the sixth ICBA ThinkTECH Accelerator program to meet with six emerging fintech companies advancing community bank innovation.

CFPB sending $6M in relief checks

Jan 3, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau said it recently sent $6 million in financial relief to consumers harmed by illegal lending practices targeting veterans.

Independent Banker offers 2024 CEO outlook

Jan 3, 2024 | NewsWatch Today
The January issue of ICBA's Independent Banker magazine features a look ahead at the coming year from a roundtable of community bank CEOs.

CDFI Fund advisory board meeting this month

Jan 3, 2024 | NewsWatch Today
The Community Development Advisory Board—which advises the Community Development Financial Institutions Fund—is scheduled to meet at 2 p.m. (Eastern time) Wednesday, Jan. 17. The virtual meeting was previously scheduled for Nov. 28.

FinCEN now accepting beneficial ownership reports

Jan 2, 2024 | NewsWatch Today
The Financial Crimes Enforcement Network began accepting beneficial ownership information reports.