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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 requests extension for comments on FDIC’s proposal on custodial accounts

ICBA and other groups asked for a 60-day extension to the comment period for the FDIC’s Notice of Proposed Rulemaking on Recordkeeping for Custodial Accounts, which would establish new recordkeeping requirements for “custodial deposit accounts with transactional features” at insured depository institutions.
October 21, 2024 | ICBA NewsWatch Today  

Fed’s Waller: DeFi’s tech innovations could improve centralized finance

Federal Reserve Governor Christopher Waller said the technological innovations stemming from decentralized finance are largely complementary to centralized finance and can help improve it.
October 21, 2024 | ICBA NewsWatch Today  

FinCEN: Certain telecommunications service providers are exempt from beneficial ownership requirements

The Financial Crimes Enforcement Network issued a final rule to clarify that certain telecommunications service providers qualify as “regulated public utilities” and are exempt from the Corporate Transparency Act’s beneficial ownership information reporting requirements. The final rule is effective immediately upon publication in the Federal Register.
October 18, 2024 | ICBA NewsWatch Today   Compliance 

FDIC says DIF goal is ahead of schedule

The FDIC said the reserve ratio for the Deposit Insurance Fund remains on track to reach the statutory minimum of 1.35% as early as 2026, and ahead of the Amended Restoration Plan deadline of Sept. 30, 2028.
October 18, 2024 | ICBA NewsWatch Today  

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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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