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ICBA backs bill to extend CBLR relief

ICBA backs bill to extend CBLR relief ICBA expressed support for legislation to allow federal banking regulators to implement a community bank leverage ratio of 8-8.5% through 2024. ICBA expressed...

Dec 10, 2021
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Article
Advocacy Crisis Preparedness

As crypto CEOs testify, ICBA urges coordinated regulatory approach

As crypto CEOs testify, ICBA urges coordinated regulatory approach With cryptocurrency CEOs testifying before Congress, ICBA called on policymakers to enact a comprehensive, coordinated regulatory...

Dec 09, 2021
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Article
Cybersecurity Digital Assets Payments

CFPB issues final rule on LIBOR transition

CFPB issues final rule on LIBOR transition The Consumer Financial Protection Bureau finalized a rule facilitating the transition away from the LIBOR interest rate index for consumer financial...

Dec 08, 2021
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Article
Compliance

HUD issues guidance on special-purpose credit programs

HUD issues guidance on special-purpose credit programs The Department of Housing and Urban Development released guidance clarifying that special-purpose credit programs that conform with the Equal...

Dec 08, 2021
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Article
Compliance

Multi-Factor Authentication – Widely Adopted, Effective Protection

Multi-Factor Authentication – Widely Adopted, Effective Protection Static passwords alone are no longer a viable tool for identifying customers. With payments fraud rising year after year, and...

Dec 07, 2021
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Article
Payments

FinCEN proposes rule to implement beneficial owner reforms

FinCEN proposes rule to implement beneficial owner reforms The Financial Crimes Enforcement Network issued a proposed rule to implement ICBA-advocated beneficial ownership reporting provisions of...

Dec 08, 2021
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Article
Compliance Technology

ICBA Statement on the Withdrawal of Saule Omarova’s OCC Nomination

ICBA Statement on the Withdrawal of Saule Omarova’s OCC Nomination Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the...

Dec 07, 2021
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Article
Advocacy Office of the Comptroller of Currency (OCC)

Understanding Velocity BIN Attacks and How to Address Them

Understanding Velocity BIN Attacks and How to Address Them It’s Friday night and you are enjoying your well-deserved, stress-free night when your work phone rings. It’s your call center manager...

Dec 07, 2021
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Article
Payments