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.
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.
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.
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.
The Financial Crimes Enforcement Network issued a proposal to extend the deadline for certain reporting companies to file their initial beneficial ownership information reports.
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.
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 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 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.
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.
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.
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.
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.
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.
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.
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.