While the overall strength of the federal banking system is sound, banks should be “on the balls of their feet” regarding risk management, the OCC said in its latest Semiannual Risk Perspective.

The Consumer Financial Protection Bureau expects to seek comments on its pending rulemaking to establish standards for sharing consumer financial data in the coming months, CFPB Director Rohit Chopra said.

On March 15 during the final general session at ICBA LIVE, the Federal Reserve announced that it will launch its much-anticipated FedNow Service in July. With instant payments already a central topic of discussion, this news added to the buzz.

At ICBA Bancard, we continue to arm bankers with information and resources to support their instant payments and digital transformation (icba.org/digital-transformation) journeys.

For nearly two years, ICBA Bancard has been working with banks to help them prepare for instant payments and the imminent launch of FedNow. We’ve facilitated countless webinars, spoken at conferences, and discussed the topic when meeting with bankers in person.

If you feel like it’s hard to stay on top of payments fraud trends these days, you would not be alone. The introduction of any new payment instrument opens the opportunity for criminals to dupe the system, organizations, and consumers.

For years, we’ve been waiting in the wings, anticipating the launch of an instant payments service by the Federal Reserve, so it feels surreal to say we’ve arrived.

With the July launch of FedNow looming, are you feeling behind in terms of learning more about the service, its impacts on your bank, and the steps needed to implement it?

ICBA and other groups called on congressional leaders to oppose newly reintroduced legislation to impose routing mandates on credit card transactions.

ICBA is seeking community bankers interested in joining a Small Business Regulatory Enforcement Fairness Act panel to weigh in on a Consumer Financial Protection Bureau rulemaking under the Fair Credit Reporting Act.

The OCC released a request for information for its first-ever survey on consumer trust in banking and bank supervision.

In recognition of National Homeownership Month in June, the Independent Community Bankers of America (ICBA) is encouraging current and prospective homeowners to consult their trusted local community banker about how to make the homebuying process easier and more affordable.

ICBA is seeking survey responses from member community bankers on the potential impact of nine Nacha proposals related to ACH risk management.

Federal regulators requested public comment on proposed guidance addressing reconsiderations of value, or ROVs, for residential real estate transactions.

The Consumer Financial Protection Bureau extended the comment deadline on its request for information on data brokers, such as credit reporting companies and background screening firms, and how the Fair Credit Reporting Act applies to their activities.

The OCC today is slated to release a request for information for its first-ever survey on consumer trust in banking and bank supervision.

ICBA expressed its strong opposition to newly reintroduced legislation to impose routing mandates on credit card transactions.

ICBA commended Federal Reserve Governor Michelle Bowman for her recommendations to improve newly released interagency guidance on third-party risk management.

ICBA is calling on community bankers to urge their members of Congress to co-sponsor legislation to exempt from taxation the interest income on farm real estate and rural mortgage loans.

The Cybersecurity and Infrastructure Security Agency and FBI published a joint cybersecurity advisory with technical information on the CL0P ransomware gang, also known as TA505.