| Title | Recipient | Date |
|---|---|---|
| Hill Payments Charter Letter | 116th Congress | 10/15/20 |
| Hill Payments Charter Letter 9.29 | U.S. House Task Force on Financial Technology | 09/29/20 |
| Joint Letter on Direct Deposit | Senate Banking and House Financial Services Committees | 08/28/19 |
| House Letter on Facebook's Libra Proposal | House Financial Services Committee | 07/16/19 |
| Senate Letter on Facebook's Libra Proposal | Senate Banking Committee | 07/15/19 |
| Joint Letter on H.R. 85 | U.S. House of Representatives | 02/28/19 |
| Title | Recipient | Date |
|---|---|---|
| Joint Letter on Payment Chip Disruptions | Commerce Department | 11/09/21 |
| Comment Letter on Reg J and FedNow | Federal Reserve Board | 09/08/21 |
| ICBA Reg II FRB NPR Comment Letter | Fed | 08/11/21 |
| Federal Reserve PSR Policy Comment Letter | Fed | 08/02/21 |
| Joint Comments on Fed Accounts Proposal | Fed | 07/12/21 |
| Comments on Third-Party Sender Roles and Responsibilities | Nacha | 07/01/21 |
| Comment Letter on Amendments to Rules Concerning Prepaid Accounts Under the Electronic Fund Transfer Act (Regulation E) and the Truth in Lending Act (Regulation Z) | CFPB | 04/13/21 |
| ICBA Response to Nacha Same Day ACH Dollar Limit Increase RFC | 01/22/21 | |
| Comment Letter Regarding Application of Kraken Financial for Access to Federal Reserve System Services | Fed | 10/05/20 |
| ICBA FedNow Comment Letter | Fed | 09/10/20 |
| Title | Committee | Presenter | Date |
|---|---|---|---|
| ICBA Statement for HFSC Fintech Hearing 9-29-2020 | HSFC | 09/29/20 | |
| The Future of Real-Time Payments | House Financial Services Committee's Task Force on Financial Technology | Robert A. Steen | 09/26/19 |
| Facilitating Faster Payments in the U.S. | Senate Banking Committee | Robert A. Steen | 09/25/19 |
Central bankers and international securities regulators issued guidance on how financial market principles would apply to stablecoins.
Guidance: The joint guidance from the Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions clarifies that international standards for payment, clearing, and settlement systems apply to stablecoin arrangements.
Impact: The paper, which has a comment deadline of Dec. 1, further demonstrates regulator concerns with stablecoins.
Next: The U.S. President’s Working Group on Financial Markets is expected to issue recommendations on regulating stablecoins as soon as this month. Meanwhile, the Federal Reserve Board is working on a separate report to seek public input on stablecoins and a U.S. central bank digital currency.
ICBA Position: ICBA recently expressed support for the Basel Committee on Banking Supervision’s work with banking supervisors to develop prudential regulations on cryptoasset exposures.
Background: Recent ICBA blog posts detail growing stablecoin risks to consumers and the financial system, how policymakers are responding, and what decentralized finance means for community banks.
