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The ICBA Newsroom collects and centralizes all the NewsWatch Today articles, press releases, blog posts, advocacy letters and other news that impacts community bankers.

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Navy Federal fallout continues on Capitol Hill

The fallout of reports on discriminatory lending at Navy Federal Credit Union continued Wednesday with new congressional leaders seeking an inquiry.
February 29, 2024 | ICBA NewsWatch Today   Credit Unions 

Fed’s Bowman: CRA rule would constrain community banks

The Community Reinvestment Act final rule issued last fall is unnecessarily complex and would impose disproportionate regulatory burdens on community banks, Federal Reserve Governor Michelle Bowman said.
February 28, 2024 | ICBA NewsWatch Today   CRA 

Barr: Fed monitoring large banks’ hedge fund risks

Large banks should be doing more to account for the counterparty risks posed by hedge funds and other nonbanks, Federal Reserve Vice Chair for Supervision Michael Barr said.
February 28, 2024 | ICBA NewsWatch Today  

ICBA urging outreach on new farm bill

ICBA is urging community bankers to call and write their members of Congress on the pending farm bill.
February 28, 2024 | ICBA NewsWatch Today   Farm Bill 

Bill to bar U.S. CBDC introduced in Senate

ICBA-advocated legislation that would restrict the ability of the federal government to introduce a U.S. central bank digital currency was introduced in the Senate after passing the House Financial Services Committee last fall.
February 27, 2024 | ICBA NewsWatch Today   Federal Reserve 

Grassroots Alert: Time to weigh in on new farm bill

ICBA is urging community bankers to both call and write their members of Congress today on the pending farm bill using ICBA’s newest grassroots advocacy materials.
February 27, 2024 | ICBA NewsWatch Today   Grassroots/Be Heard 

Novel bank denied Fed master account

A novel financial institution that would pass deposits directly into a Federal Reserve master account announced it was denied access to a Fed master account.
February 27, 2024 | ICBA NewsWatch Today   Federal Reserve 

Global AML watchdog warns of lagging crypto standards

The Financial Action Task Force—a global anti-money-laundering watchdog—said many countries have not implemented its recommended standards on virtual assets, allowing criminals to exploit gaps in crypto regulation.
February 26, 2024 | ICBA NewsWatch Today   Compliance Digital Assets 

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