1071 leads CFPB rulemaking agenda

Dec 15, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau released its fall 2021 agenda of regulatory matters it plans to pursue through Oct. 31, 2022.

Small-biz customers can now join 1071 campaign

Dec 14, 2021 | NewsWatch Today
ICBA is calling on community bankers to enlist their small-business customers in the industry’s comment letter campaign on the Consumer Financial Protection Bureau’s 1071 data collection and reporting requirements.

CISA warns of Java logging library vulnerability

Dec 14, 2021 | NewsWatch Today
The Cybersecurity and Infrastructure Security Agency urged the private and public sectors to actively address a critical vulnerability that a growing set of threat actors are exploiting.

ICBA Urges Fed to Accelerate Flow of FedNow Information

Dec 13, 2021 | Press Release
The Independent Community Bankers of America (ICBA) asked the Federal Reserve to accelerate the flow of information about the FedNow instant payments service to ensure community banks have the data they need to maximize participation ahead of the 2023 launch.

From the CEO: ICBA and Community Banker Leadership Prevails Again

Dec 13, 2021 | NewsWatch Today
Amid an outsized response to the pandemic’s economic implications, community bankers have in 2021 once again proven to be formidable leaders both in your communities and in Washington — with ICBA by your side and leading the way.

IMF researchers urge global crypto regulatory regime

Dec 10, 2021 | NewsWatch Today
A new International Monetary Fund article urges regulators across the globe to develop comprehensive international standards for digital assets.

Recording of 1071 grassroots briefing available

Dec 10, 2021 | NewsWatch Today
Community bankers can access an on-demand recording of yesterday’s ICBA briefing on its campaign targeting the Consumer Financial Protection Bureau’s Section 1071 proposal.

ICBA backs bill to extend CBLR relief

Dec 10, 2021 | NewsWatch Today
ICBA expressed support for legislation to allow federal banking regulators to implement a community bank leverage ratio of 8-8.5% through 2024.

CFPB report spotlights mortgage, payday, remittance violations

Dec 10, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau released its Supervisory Highlights report for the first half of 2021, which spotlights legal violations identified during exams of financial institutions with more than $10 billion in assets.

House passes ICBA-backed LIBOR transition bill

Dec 9, 2021 | NewsWatch Today
The House passed ICBA-supported legislation to support the transition from LIBOR to alternative reference rates.

ICBA 1071 advocacy briefing today

Dec 9, 2021 | NewsWatch Today
ICBA is hosting a complimentary briefing on its campaign targeting the Consumer Financial Protection Bureau’s Section 1071 proposal at 3 p.m. (Eastern time) today, Dec. 9.

As crypto CEOs testify, ICBA urges coordinated regulatory approach

Dec 9, 2021 | NewsWatch Today
With cryptocurrency CEOs testifying before Congress, ICBA called on policymakers to enact a comprehensive, coordinated regulatory approach to digital assets that ensures innovation is undertaken safely.

ICBA-opposed Omarova nomination withdrawn

Dec 8, 2021 | NewsWatch Today
Law professor Saule Omarova withdrew her nomination to lead the Office of the Comptroller of the Currency following public opposition by ICBA and affiliated state community banking groups.

CFPB issues final rule on LIBOR transition

Dec 8, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau finalized a rule facilitating the transition away from the LIBOR interest rate index for consumer financial products.

FinCEN proposes rule to implement beneficial owner reforms

Dec 8, 2021 | NewsWatch Today
The Financial Crimes Enforcement Network issued a proposed rule to implement ICBA-advocated beneficial ownership reporting provisions of the Corporate Transparency Act passed in 2020.

HUD issues guidance on special-purpose credit programs

Dec 8, 2021 | NewsWatch Today
The Department of Housing and Urban Development released guidance clarifying that special-purpose credit programs that conform with the Equal Credit Opportunity Act and Regulation B generally do not violate the Federal Fair Housing Act.

ICBA Statement on the Withdrawal of Saule Omarova’s OCC Nomination

Dec 7, 2021 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the withdrawal of Cornell University law professor Saule Omarova’s nomination to lead the Office of the Comptroller of the Currency.

Understanding Velocity BIN Attacks and How to Address Them

Dec 7, 2021 | Bancard Confidential
It’s Friday night and you are enjoying your well-deserved, stress-free night when your work phone rings. It’s your call center manager informing you of a rise in complaints of unauthorized transactions—all at the same merchant.

Telltale signs to avoid becoming a victim of a social engineering attack

Dec 7, 2021 | Bancard Confidential
The financial services industry is constantly under siege against would-be fraudsters seeking to exploit vulnerabilities—system or man-made—to launch an attack.

Multi-Factor Authentication – Widely Adopted, Effective Protection

Dec 7, 2021 | Bancard Confidential
Static passwords alone are no longer a viable tool for identifying customers. With payments fraud rising year after year, and consumers becoming more comfortable with making payments online, the importance of authentication has never been more crucial.