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ICBA pushing to include ‘trigger leads’ bill in defense legislation

Jul 24, 2024 | NewsWatch Today
ICBA continues calling on community bankers to urge their senators to attach a bipartisan mortgage-privacy bill to must-pass legislation.

FSB: Stablecoin drawbacks outweigh potential benefits

Jul 24, 2024 | NewsWatch Today
The Financial Stability Board said that even if a stablecoin is properly designed and well-regulated, “it may not necessarily have a positive impact on cross-border payments as the drawbacks could outweigh any potential benefits.”

House members debate farm bill during hearing on farm country challenges

Jul 24, 2024 | NewsWatch Today
House Agriculture Committee Chairman Glenn “GT” Thompson (R-Pa.) said the farm bill his committee passed earlier this year responds to the challenges facing farm country, though the farm bill debate remains stalled.

Agencies propose amending BSA requirements

Jul 24, 2024 | NewsWatch Today
Federal banking regulators formally requested comment on a proposed rule that would amend Bank Secrecy Act requirements for anti-money-laundering and countering-the-financing-of-terrorism programs.

CFPB proposal spotlights costs of paycheck advance products

Jul 24, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau proposed an interpretive rule that says many paycheck advance products are consumer loans subject to the Truth in Lending Act.

ICBA thanks Comptroller Hsu for recognizing check fraud efforts

Jul 23, 2024 | NewsWatch Today
ICBA thanked Acting Comptroller of the Currency Michael Hsu for highlighting the formation of ICBA’s Check Fraud Task Force and the Financial Sector Fraud Working Group in a recent speech on financial fraud.

ICBA supports Hsu’s remarks on banking industry concentration

Jul 19, 2024 | NewsWatch Today
ICBA expressed support for Acting Comptroller of the Currency Michael Hsu’s remarks about increasing concentration in the banking industry and the separation of banking and commerce.

ICBA op-ed: Stop letting credit unions buy community banks

Jul 19, 2024 | NewsWatch Today
Credit unions are acquiring community banks at a record rate, and outdated policies are subsidizing these deals, ICBA President and CEO Rebeca Romero Rainey wrote in a new op-ed in American Banker.

Agencies finalize guidance on real estate value reconsiderations

Jul 19, 2024 | NewsWatch Today
Federal regulators issued final guidance addressing reconsiderations of value for residential real estate transactions.

New ICBA op-ed: Stop letting credit unions buy community banks

Jul 18, 2024 | NewsWatch Today
Credit unions are acquiring community banks at a record rate, and outdated policies are subsidizing these deals, ICBA President and CEO Rebeca Romero Rainey wrote in a new op-ed in American Banker.

Basel Committee releases final crypto framework with ICBA-backed exclusion

Jul 18, 2024 | NewsWatch Today
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.

Agencies issue final rule on automated valuation models

Jul 18, 2024 | NewsWatch Today
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.