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Community bankers report reg burden during EGRPRA outreach meeting
Community bankers voiced discontent with excessive regulatory burdens during an ICBA-advocated outreach meeting under the current Economic Growth and Regulatory Paperwork Reduction Act review.
OCC: Banks affected by Hurricane Helene can close
The OCC said national banks, federal savings associations, and federal branches and agencies of foreign banks can close in areas of Alabama, Florida, Georgia, and Tennessee affected by Hurricane...
ICBA: Record-tying credit union acquisition comes amid increased scrutiny
Following this year’s 16th credit union acquisition of a community bank — which ties the record for most in a single year — ICBA continued its call for Congress to investigate credit union policies.
Another Community Bank Acquisition by Tax-Exempt Credit Union as Policymakers and Taxpayers Increase Scrutiny
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey today issued the following statement after this year’s 16th acquisition of a tax-paying bank by a tax-exempt...
Survey shows rise in sophisticated fraud tactics
Sixty-two percent of institutions reported a rise in sophisticated fraud tactics, according to a new survey by the Center for Payments, Nacha, and ICBA.
ICBA briefing today ahead of EGRPRA outreach meeting
With the federal banking agencies hosting a virtual outreach meeting this week under their latest Economic Growth and Regulatory Paperwork Reduction Act review, ICBA is hosting a briefing at 1 p.m....
FinCEN publishes beneficial ownership toolkit
The Financial Crimes Enforcement Network published a toolkit for small-business owners with beneficial ownership reporting requirements.
ICBA continues urging participation in EGRPRA review
ICBA recently issued a guide to help community bankers participate in the Economic Growth and Regulatory Paperwork Reduction Act review process launched by banking regulators this year.
ICBA files appellate brief in CRA rule legal challenge
ICBA and other groups filed an appellate brief with the U.S. Court of Appeals for the 5th Circuit as part of their legal challenge to federal banking regulators’ Community Reinvestment Act final rule.
CFPB proposes amendment to remittance transfer rule
The Consumer Financial Protection Bureau issued a proposed rule with an amendment to disclosure requirements for certain international money transfers.
Independent Banker breaks down instant payment adoption
The latest Independent Banker magazine details community banks’ uptake of instant payment systems such as FedNow and Real-Time Payments.
ICBA urging community banker participation in EGRPRA review
ICBA recently issued a guide to help community bankers participate in the Economic Growth and Regulatory Paperwork Reduction Act review process launched by banking regulators this year.
CFPB releases FAQs on ‘buy now, pay later’ products
The Consumer Financial Protection Bureau released frequently asked questions to help industry participants understand, implement, and comply with the requirements in Regulation Z for “buy now, pay...
Fed cuts rates by 50 basis points
The Federal Open Market Committee voted to cut target interest rates by 50 basis points due to improved confidence that inflation is moving sustainably toward its 2% goal.
Following ICBA advocacy, FDIC includes credit unions in merger guidance
As advocated by ICBA, the FDIC approved a new statement of policy on bank mergers that for the first time explicitly states that additional scrutiny may be needed for deals involving tax-exempt...
Private-sector companies join tokenization project
More than 40 private-sector companies will join a group of central banks in Project Agorá, which will explore how tokenization and a wholesale central bank digital currency could enhance...
ICBA releases EGRPRA guide for community banker outreach
ICBA issued a guide to help community bankers participate in the Economic Growth and Regulatory Paperwork Reduction Act review process launched by banking regulators this year.
FDIC board meeting tomorrow on custodial deposits, mergers
The Federal Reserve Bank of New York releases its Empire State manufacturing survey for September at 8:30 a.m. (Eastern time).
Treasury sanctions Cambodian scam centers
The Treasury Department sanctioned Cambodian businessman Ly Yong Phat, L.Y.P. Group Co., and O‑Smach Resort for their role in human rights abuse related to the treatment of trafficked workers...
House committee chair calls for interview with Gruenberg
House Financial Services Committee Chairman Patrick McHenry (R-N.C.) called for a transcribed interview with FDIC Chairman Martin Gruenberg after Gruenberg refused to testify at a planned hearing...