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Special-purpose nonbank Custodia continues push for Fed master account
Custodia Bank is reportedly continuing its effort to procure a master account with the Federal Reserve after the special-purpose depository institution was denied last month.
Report on cross-border settlements could influence CBDC debate
The Bank for International Settlements issued a report to help central banks extend operating hours for real-time gross settlement systems to reduce delays in cross-border payments settlement.
OCC updates change-in-control booklet
The OCC issued a revised version of the “Change In Bank Control” booklet of the Comptroller’s Licensing Manual.
ICBA to FDIC: Exercise duty to deny ILC applications
ICBA called on the FDIC to deny pending deposit insurance applications from industrial loan companies, citing the outsized risks ILCs pose to the Deposit Insurance Fund, financial stability, and...
ICBA urging letters to Congress on 2023 priorities
ICBA is calling on community bankers to advocate top policy priorities for the new 118th Congress in direct messages to lawmakers.
ICBA’s Bolton: ‘Regulatory blind spot’ shows risks of credit union bank purchases
ICBA Chairman Brad Bolton wrote in a new op-ed that the nation’s chief credit union regulator recently hinted at one of the problems with the growth of credit union acquisitions of community banks:...
ICBA’s State of the Union ‘junk fee’ response makes news
ICBA’s response to President Joe Biden’s comments on “junk fees” during Tuesday’s State of the Union address made headlines.
ICBA urges committee to enhance data privacy bill
ICBA expressed support for provisions of legislation designed to improve consumer privacy and data security accountability for more entities that handle consumer data.