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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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FinCEN proposes virtual currency recordkeeping rules

The Financial Crimes Enforcement Network issued a proposed rule to increase transparency of certain transactions involving convertible virtual currency or digital assets with legal tender status.
December 21, 2020 | ICBA NewsWatch Today   Compliance Cybersecurity Payments Financial Crimes Enforcement Network 

SolarWinds criminals narrow follow-up attacks: Microsoft

The cyber criminals who targeted the SolarWinds Orion Platform appear to have limited their follow-up attacks to a relatively small number of IT and government enterprises, according to a blog post from Microsoft President Brad Smith.
December 21, 2020 | ICBA NewsWatch Today   Cybersecurity 

CFPB issues follow-up debt-collection rule

The Consumer Financial Protection Bureau issued a final rule to implement Fair Debt Collection Practices Act requirements for certain consumer disclosures. The rule requires debt collectors to provide detailed disclosures at the outset of collection communications.
December 21, 2020 | ICBA NewsWatch Today   Consumer Financial Protection Bureau Compliance 

Banking and Consumer Groups Urge Congress to Close Statutory Loophole in Response to FDIC Final Rule on ILCs

Today, the Bank Policy Institute, Center for Responsible Lending and the Independent Community Bankers of America issued the following joint statement in response to a vote by the FDIC to approve a final rule on Industrial Loan Companies.
December 18, 2020 | Press Release   Federal Deposit Insurance Corporation Lending 

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