Short-term funding extension averts government shutdown

Oct 2, 2023 | NewsWatch Today
Congress on Saturday passed a short-term government funding extension, which President Joe Biden signed into law, averting a government shutdown. The agreement keeps the government funded at current levels until Nov. 17.

FinCEN issues updated guidance on beneficial ownership reporting

Oct 2, 2023 | NewsWatch Today
The Financial Crimes Enforcement Network issued additional guidance and resources on pending beneficial ownership information reporting requirements.

FDIC updates consumer compliance exam manual

Sep 29, 2023 | NewsWatch Today
The FDIC issued an updated version of its Consumer Compliance Examination Manual, which exam staff use for supervisory activities.

Gruenberg: Interest in reforming deposit insurance has dissipated

Sep 29, 2023 | NewsWatch Today
There does not seem to be any imminent likelihood of changes to U.S. deposit insurance coverage, FDIC Chairman Martin Gruenberg said.

OCC issues 2024 supervision plan

Sep 29, 2023 | NewsWatch Today
The OCC released its bank supervision operating plan for fiscal 2024, which the agency’s staff uses to guide supervisory priorities, planning, and resource allocations.

Central bank group says CBDC experiment successful

Sep 29, 2023 | NewsWatch Today
The Bank for International Settlements said an experiment showed that wholesale central bank digital currencies can be used to facilitate cross-border trading and settlement between financial institutions.

FinCEN seeking comment on application for reporting identifier

Sep 29, 2023 | NewsWatch Today
The Financial Crimes Enforcement Network is seeking additional comment on a proposed application that entities would use to obtain an identifier for reporting beneficial ownership information.

FinCEN proposes extending deadline for filing beneficial owner info

Sep 28, 2023 | NewsWatch Today
The Financial Crimes Enforcement Network issued a proposal to extend the deadline for certain reporting companies to file their initial beneficial ownership information reports.

ICBA Commends Senate Banking Committee for Passing Bipartisan Cannabis-Banking Bill

Sep 27, 2023 | Press Release
The Independent Community Bankers of America (ICBA) today commended the Senate Banking Committee for its passage of the SAFER Banking Act (S. 2860), bipartisan legislation that would establish a safe harbor from federal sanctions for financial institutions that serve cannabis-related businesses in states where cannabis is legal.

CISA launches cybersecurity public awareness campaign

Sep 27, 2023 | NewsWatch Today
The Cybersecurity and Infrastructure Security Agency announced the launch of a nationwide cybersecurity public awareness campaign to educate Americans on how to stay safe online.

ICBA opposing congressional efforts to advance rate caps

Sep 27, 2023 | NewsWatch Today
ICBA and other groups expressed united opposition to a legislative proposal to impose a national cap on the fees and interest charged on consumer loans.

ICBA requests comment extension on overtime proposal

Sep 27, 2023 | NewsWatch Today
ICBA and other groups asked the Labor Department to extend by 60 days the comment period on its proposal to increase the number of employees who are entitled to overtime compensation.

Senate preps for vote on resolution to reverse 1071 rule

Sep 27, 2023 | NewsWatch Today
With the Senate set to act as soon as this week on a resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA is urging community bankers to urge their senators to support the measure.

Fed joins crackdown on re-presented transactions

Sep 26, 2023 | NewsWatch Today
The Federal Reserve has joined the FDIC and OCC in targeting how banks treat single items that are repeatedly rejected for insufficient funds.

Introducing ICBA Payments’ New Chairman: Ruth Christopher

Sep 25, 2023 | Payments Pulse
When she launched her career as a certified public accountant (CPA), Ruth Christopher wasn’t necessarily envisioning a role at a community bank. But after a few years at a regional CPA firm, a partner encouraged her to apply as an internal auditor at one of their client banks, Citizens Bank of Las Cruces, N.M.

Branding on Purpose

Sep 25, 2023 | Payments Pulse
There’s been a lot of chatter lately about brand power and how brand drives an organization’s outward expression of its mission and values by being at the heart of great client and employee experiences.

Unlock Your Portfolio’s Potential with Credit Card Marketing

Sep 25, 2023 | Payments Pulse
Marketing programs are critical to portfolio health and expansion. The key to success is simple: get started and take action! The steps below should help you start your journey.

Rethinking Merchant Services

Sep 25, 2023 | Payments Pulse
Banks have traditionally relied on interest income from loans and deposits, but non-traditional financial services companies are providing competition for these core products. To survive long term, banks must find alternative revenue streams and recognize the demand for innovative products and services.

Mid-year Checkpoint on Digital Payments Transformation

Sep 25, 2023 | Payments Pulse
With over half of 2023 now firmly in the rearview mirror, we’re hoping community banks have put our digital payments transformation resources (icba.org/digital-transformation) to good use—leveraging our whitepaper and workbook to refresh (or create) a digital payments strategy and accompanying roadmap.

Grassroots urgent as Senate prepares to act on 1071 reversal

Sep 25, 2023 | NewsWatch Today
With the Senate set to act as soon as this week on a resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA is urging community bankers to urge their senators to support the measure.