The Basel Committee on Banking Supervision published targeted amendments to its cryptoasset standard to tighten the criteria for certain stablecoins to receive a preferential regulatory treatment, which included an exclusion that ICBA strongly backed.
Federal financial services regulators formally issued a final rule to implement quality control standards for automated valuation models, or AVMs, which mortgage lenders use to value real estate collateral.
TCM Bank, N.A., the credit card bank of ICBA Payments, announced the election of new board members Robert Barnes, president and CEO of PriorityOne in Magee, Miss.; Brad Bolton, president and CEO of Community Spirit Bank in Red Bay, Ala.; and Anita Drentlaw, president and CEO of New Market in Lakeville, Minn. Jack Hartings, chairman of The Peoples Bank Co. in Coldwater, Ohio, who previously served on the board, was elected chair of the TCM Bank Board of Directors.
A recent Federal Home Loan Bank of New York decision to impose new reporting requirements on member banks will restrict access to home loans, ICBA said.
Digital asset seizure values have grown exponentially, topping $7 billion in 2022, but compliance enforcement with virtual currency is difficult, according to a new Treasury Department report.
The Independent Community Bankers of America (ICBA) today issued the following statement on the Federal Home Loan Bank of New York’s recent announcement that it will restrict lending by its member banks.
ICBA told the Federal Housing Finance Agency that the Federal Home Loan Banks’ mission is clear and does not need to be substantially changed or clarified.
Financial Crimes Enforcement Network Deputy Director Jimmy Kirby said most companies should be able to file beneficial ownership information reporting quickly and without the help of an attorney or accountant.
The FDIC this month is scheduled to hold the second of four webinars for bank officers and employees on its final rule governing the usage of official FDIC signs, advertising, name, logo, and more.
Today is the deadline for community bankers and others to submit comments on the Federal Housing Finance Agency’s request for input on the mission of the Federal Home Loan Bank System.
Federal Reserve researchers said banks that share their name with a failed bank experience a half-percent drop in transaction deposits relative to banks with similar characteristics but different names.
The Biden administration’s nominee for FDIC chair—Christy Goldsmith Romero—told Congress she gained a great appreciation for community banks during her time at the Office of the Special Inspector General for the Troubled Asset Relief Program.
The Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac are making historical VantageScore 4.0 credit scores available to approved users to support the transition to updated credit score and credit report requirements.
Monday is the deadline for community bankers and others to submit comments on the Federal Housing Finance Agency’s request for input on the mission of the Federal Home Loan Bank System.
The Bank Policy Institute called on the FDIC Office of the Inspector General to investigate the FDIC’s recent special assessment, which exempted the vast majority of community banks.
Acting Comptroller of the Currency Michael Hsu highlighted the formation of ICBA’s Check Fraud Task Force as an important step in addressing financial fraud.
