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ICBA Statement on Fed Report on Silicon Valley Bank
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Federal Reserve report on the failure of Silicon Valley Bank.
FDIC, OCC issue guidance on overdraft programs
The FDIC and OCC issued supervisory guidance on consumer compliance risks associated with bank overdraft protection programs.
CFPB issues guidance on ‘zombie mortgage’ collection tactics
The Consumer Financial Protection Bureau issued guidance on debt collectors threatening to foreclose on homes with mortgages past the statute of limitations.
OFAC sanctions individuals for cyber efforts supporting North Korea
The Treasury Department’s Office of Foreign Assets Control sanctioned three individuals for supporting North Korea via illicit financing and malicious cyber activity.