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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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Fed proposes changes to interchange regs

The Federal Reserve Board invited public comment on proposed changes to Regulation II (Debit Card Interchange Fees and Routing).
May 10, 2021 | ICBA NewsWatch Today   Payments 

ARRC issues market indicators supporting LIBOR alternative

The Alternative Reference Rates Committee last week published market indicators it will consider in recommending a forward-looking Secured Overnight Financing Rate term rate to support the transition away from LIBOR.
May 10, 2021 | ICBA NewsWatch Today   Compliance 

ICBA to FinCEN: exempt banks from beneficial owner mandates

ICBA called on the Financial Crimes Enforcement Network to amend its customer due diligence rules and withdraw its requirement that banks collect beneficial ownership information.
May 10, 2021 | ICBA NewsWatch Today   Regulatory Relief 

ICBA continues support for ‘true lender’ rule

ICBA and other groups told Congress they oppose legislative efforts to repeal the OCC’s “true lender” rule. The OCC rule, which ICBA supported in a comment letter last year, creates a standard to determine when a bank is the “true lender” when partnering with a third party.
May 07, 2021 | ICBA NewsWatch Today   Lending Technology Regulatory Relief 

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Independent Banker is the award-winning monthly member publication of ICBA. Continually rated the best news source by community bankers, IB provides timely, relevant information and insights to help community banks continue to flourish.

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