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The ICBA Newsroom collects and centralizes all the NewsWatch Today articles, press releases, Main Street Matters blogs, advocacy letters and other news that impacts community bankers.

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ICBA urges agency collaboration to support underserved communities

ICBA encouraged the Treasury Department’s newly formed Interagency Community Investment Committee to promote agency collaboration as it works to support access to affordable capital and financial services in historically underserved communities.
December 19, 2022 | ICBA NewsWatch Today   Department of Treasury 

FinCEN proposes rule on accessing beneficial ownership info

The Financial Crimes Enforcement Network issued a proposed rule governing access to and protection of beneficial ownership information.
December 16, 2022 | ICBA NewsWatch Today   Technology Fintech Regulation 

Regulators adopt Fair Debt Collection Practices Act exam procedures

The Federal Financial Institutions Examination Council’s Task Force on Consumer Compliance adopted revised examination procedures for the Fair Debt Collection Practices Act and its implementing Regulation F.
December 16, 2022 | ICBA NewsWatch Today   Compliance 

ICBA backs ‘same risk, same regulation’ approach to crypto oversight

ICBA said it strongly supports the Financial Stability Board’s approach to international crypto-asset regulation that is based on the principle of “same activity, same risk, same regulation.”
December 16, 2022 | ICBA NewsWatch Today   Digital Assets Technology 

ICBA continues grassroots push as Congress debates omnibus

With Congress debating end-of-year omnibus spending legislation, ICBA continues calling on community bankers to reach out to lawmakers on ICBA-advocated cannabis banking legislation and ICBA-opposed language to expand the Durbin Amendment.
December 16, 2022 | ICBA NewsWatch Today   Cannabis banking Lending 

N.Y. banking agency issues crypto guidance

The New York Department of Financial Services released guidance for New York-regulated banking organizations that wish to engage in virtual currency-related activities.
December 16, 2022 | ICBA NewsWatch Today   Compliance 

ICBA op-ed: FDIC should draw down assessment rate increase

With the Federal Reserve's interest rate hikes hastening the normalization of deposits, the FDIC should respond by quickly drawing down its assessment rate increase, ICBA Chairman Brad Bolton wrote in a new op-ed.
December 13, 2022 | ICBA NewsWatch Today  

FS-ISAC spotlights Cuba ransomware, smash-and-grab mitigation

The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary spotlights the recent Joint Cybersecurity Advisory on Cuba ransomware variants.
December 13, 2022 | ICBA NewsWatch Today   Cybersecurity Technology 

New ICBA Polling Shows Consumer Opposition to Bill That Would End Credit Card Rewards Programs

As Congress considers controversial legislation to apply routing restrictions to credit card transactions — which would end popular credit card rewards programs — the Independent Community Bankers of America released new polling conducted by Morning Consult indicating consumers oppose the policy change.
December 13, 2022 | Press Release   Credit Cards 

Grassroots needed on cannabis banking, Durbin Amendment

While the National Defense Authorization Act excludes ICBA-advocated cannabis banking legislation and ICBA-opposed language to expand the Durbin Amendment, the debate over both initiatives continues.
December 13, 2022 | ICBA NewsWatch Today   Cannabis banking Lending 

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