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FS-ISAC Coronavirus Update, May 12, 2021

FS-ISAC Coronavirus Update, May 12, 2021 The rate of new Covid cases in the US fell to an average of 38,800 per day Monday, according to data compiled by Johns Hopkins University, the first time...

May 12, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

ICBA to Serve as Strategic Advisor to JAM FINTOP Banktech Investment Fund

ICBA to Serve as Strategic Advisor to JAM FINTOP Banktech Investment Fund The Independent Community Bankers of America (ICBA) will serve as a strategic advisor for JAM FINTOP Banktech, a $150...

May 10, 2021
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Article

Fed proposes changes to interchange regs

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). The Federal Reserve Board...

May 10, 2021
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Article
Payments

ARRC issues market indicators supporting LIBOR alternative

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...

May 10, 2021
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Article
Compliance

ICBA to FinCEN: exempt banks from beneficial owner mandates

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...

May 10, 2021
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Article
Regulatory Relief

FS-ISAC Coronavirus Update, May 7, 2021

FS-ISAC Coronavirus Update, May 7, 2021 Americans have entered a new, hopeful phase of the pandemic as the outlook has improved across the nation, with cases and hospitalizations at their lowest...

May 07, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

Treasury extends MDI, CDFI program

Treasury extends MDI, CDFI program The Treasury Department extended its program to invest in Minority Depository Institutions and Community Development Financial Institutions, as requested by ICBA....

May 06, 2021
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Article
Minority Owned Depository Institutions (MDI)

Postal banking won’t deliver: letter

Postal banking won’t deliver: letter While increasing financial inclusion and improving U.S. Postal Service financial stability are worthy goals, postal banking would accomplish neither,...

May 05, 2021
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Article
Postal Service Banking