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FS-ISAC covers Robin Banks phishing platform
The Financial Services Information Sharing and Analysis Center’s latest weekly risk report spotlights the new phishing-as-a-service platform, Robin Banks.
ICBA: Uniform Community Reinvestment Act Rule Should Minimize Burdens on Community Banks
The Independent Community Bankers of America (ICBA) today called on federal banking regulators to issue a uniform final rule on Community Reinvestment Act modernization that minimizes new data...
Credit union field of membership application blocked in Virginia
The Virginia State Corporation Commission denied Virginia Credit Union Inc.’s application to expand its field of membership to include the Medical Society of Virginia—the latest setback to the...
ICBA: Ford ILC application shows need to close loophole
The Ford Motor Co. plan to apply for an industrial loan company charter shows why the ILC loophole should be closed, ICBA’s Chris Cole told American Banker.
SBA now accepting requests for PPP partial-forgiveness reviews
The Small Business Administration said its Paycheck Protection Program platform can now accept borrower requests to review lenders’ partial forgiveness decisions.
Financial Services Industry United in Opposition to Marshall-Durbin Credit Routing Legislation
Today nine trade associations representing the financial services industry released the following joint statement opposing announced legislation by Senator Roger Marshall (R-KS) and Senator Dick...
CFPB, DOJ issue reminder on servicemember auto finance protections
The Consumer Financial Protection Bureau and Justice Department issued a joint letter reminding auto finance companies of their responsibility to recognize legal protections for military families...
Fed: Stablecoin growth poses structural vulnerabilities
The value of outstanding stablecoins grew roughly fivefold last year, the Federal Reserve said in its 2021 annual report.
FDIC issues fact sheet, advisory on crypto deposit insurance claims
The FDIC published a fact sheet to consumers and an advisory to financial institutions on FDIC deposit insurance and crypto companies.
Senate spending deal excludes ICBA-opposed policies
The Senate budget reconciliation deal announced this week by Senate Majority Leader Chuck Schumer (D-N.Y.) and Sen. Joe Manchin (D-W.Va.) excludes several proposed tax provisions strongly opposed...
Senate drops postal banking funding from appropriations bill
Senate appropriators dropped an ICBA-opposed legislative proposal to expand the U.S. Postal Service’s banking pilot after ICBA urged lawmakers to block the plan.
OCC issues CRA fact sheets ahead of comment deadline
The OCC released a series of fact sheets on the banking agencies’ proposed updates to Community Reinvestment Act regulations ahead of the Aug. 5 comment deadline.
CFPB adds new debt-collection FAQs
The Consumer Financial Protection Bureau added a new section to its frequently asked questions on the Debt Collection Rule in Regulation F.
ICBA to committee: Fully vet stablecoin bill before any vote
While legislation is urgently needed to address risks posed by unregulated stablecoins, taking up last-minute legislation at this week’s House Financial Services Committee markup would be...
FS-ISAC spotlights Holy Ghost ransomware group
The Financial Services Information Sharing and Analysis Center’s latest weekly risk report details the Holy Ghost ransomware group, which has been active for more than a year and has connections to...
ICBA urges agencies to keep voluntary cyber tool up to date
ICBA called on federal regulators to continue building on the Cybersecurity Assessment Tool risk assessment framework while keeping it voluntary.
Senators introduce broad cannabis bill as safe harbor push continues
Senate Democrats introduced sweeping legislation to end federal cannabis prohibitions, potentially paving the way for an ICBA-advocated cannabis banking safe harbor.
Feds announce first crypto insider trading indictment
Federal law enforcement officials announced the first-ever insider trading tipping indictment involving cryptocurrency.
House again passes cannabis banking bill
The House advanced an ICBA-advocated cannabis banking safe harbor as part of a fiscal 2023 defense authorization bill.
TCM Bank Names William Weeks Chief Information Officer
TCM Bank, N.A., the credit card bank of ICBA Bancard, which is the payments services subsidiary of the Independent Community Bankers of America (ICBA), today announced the hire of William Weeks as...