Barr: Fed backs cross-border harmonization efforts

Oct 30, 2023 | NewsWatch Today
The Federal Reserve supports international efforts to make cross-border payments faster, cheaper, more transparent, and more accessible globally, Fed Vice Chair for Supervision Michael Barr said.

Agency webinar tomorrow on ransomware mitigation

Oct 30, 2023 | NewsWatch Today
Regulators are hosting a webinar at 2 p.m. (Eastern time) tomorrow to provide updates on recent ransomware trends and mitigations.

ICBA advocacy leads to nationwide 1071 injunction

Oct 27, 2023 | NewsWatch Today
A federal court granted an ICBA request to expand injunctive relief from the Consumer Financial Protection Bureau’s Section 1071 final rule to all community banks nationwide.

Fed’s Waller: CBDC pitch unconvincing

Oct 27, 2023 | NewsWatch Today
Federal Reserve Governor Christopher Waller said he has yet to be convinced there is a market failure that a central bank digital currency would resolve.

Lawmakers ask DOJ to target crypto’s role in terrorist financing

Oct 27, 2023 | NewsWatch Today
Two key members of Congress urged the Justice Department to evaluate the extent to which the Binance and Tether crypto firms are supporting terrorism by violating sanctions and the Bank Secrecy Act.

ICBA Advocacy Leads to Nationwide Community Bank Relief from 1071 Small-Business Rule

Oct 26, 2023 | Press Release
The U.S. District Court for the Southern District of Texas has granted their request to expand injunctive relief from the Consumer Financial Protection Bureau’s Section 1071 final rule. Today’s court decision provides a nationwide injunction to all community banks and covered financial institutions, ensuring relief is not limited by trade association membership.

Fed proposes debit card interchange cuts

Oct 26, 2023 | NewsWatch Today
The Federal Reserve Board issued a proposal to lower the maximum interchange fee that covered debit card issuers may receive for debit card transactions.

House GOP elects Rep. Mike Johnson as new speaker

Oct 26, 2023 | NewsWatch Today
House Republicans elected Rep. Mike Johnson (R-La.) as the 56th speaker of the House of Representatives.

CFPB targets credit card interest, fees in latest report

Oct 26, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau said total outstanding credit card debt eclipsed $1 trillion last year for the first time since the CFPB began collecting this data.

Gensler: Crypto investors no less deserving of securities protections

Oct 26, 2023 | NewsWatch Today
There is nothing about the crypto-asset securities markets that suggests investors and issuers are less deserving of the protections of U.S. securities laws, Securities and Exchange Commission Chair Gary Gensler said.

ICBA Statement on Federal Reserve Proposal on Debit Card Interchange

Oct 25, 2023 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Federal Reserve Board proposal to update Regulation II rules on debit card interchange fees and routing.

Regulators approve Community Reinvestment Act final rule

Oct 25, 2023 | NewsWatch Today
Federal regulators issued an interagency final rule to reform Community Reinvestment Act regulations.

Agencies finalize climate risk guidance for large banks

Oct 25, 2023 | NewsWatch Today
The federal banking regulators published interagency principles for climate-related financial risk management for financial institutions with $100 billion or more in total consolidated assets.

Fed meeting today on revising debit interchange fee cap

Oct 25, 2023 | NewsWatch Today
The Federal Reserve Board is scheduled to meet at 1 p.m. (Eastern time) today on proposed revisions to the agency’s debit interchange fee cap.

ICBA launching survey on recent regulatory changes

Oct 25, 2023 | NewsWatch Today
ICBA in the coming days will launch a survey on the value of community banks, small-business lending, and the regulatory environment.

ICBA Statement on Interagency Climate Risk Guidance for Large Banks

Oct 24, 2023 | Press Release
Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on today’s release of interagency guidance for climate-related financial risk management for large financial institutions.

ICBA Statement on Community Reinvestment Act Final Rule

Oct 24, 2023 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s interagency final rule on Community Reinvestment Act modernization.

Blog post: the evolving domestic regulatory environment for digital assets

Oct 24, 2023 | NewsWatch Today
A new ICBA blog post discusses the pursuit of policy initiatives around digital assets by prudential regulators, the White House, and the Treasury Department.

Agencies acting today on CRA, climate rulemakings

Oct 24, 2023 | NewsWatch Today
Federal agencies today are set to act on Community Reinvestment Act reform and climate risk.

New risk management subgroup on ICBA Community

Oct 24, 2023 | NewsWatch Today
ICBA launched a new risk management subgroup on its ICBA Community online platform.