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New blog post breaks down AI for community banks
A new ICBA blog post separates artificial intelligence hype from reality and spotlights what AI means for community banks.
Treasury pledges to continue cracking down on crypto terrorist-financing
The Treasury Department pledged to continue targeting the use of crypto-assets to finance terrorism amid increased scrutiny in the wake of Hamas’ attack on Israel.
Agency webinar tomorrow on ransomware mitigation
Regulators are hosting a webinar at 2 p.m. (Eastern time) tomorrow to provide updates on recent ransomware trends and mitigations.
IRS extends flexibilities on e-signatures, encrypted email
The Internal Revenue Service extended certain temporary flexibilities enacted during the COVID-19 pandemic, including its acceptance of digital signatures.
Barr: Fed backs cross-border harmonization efforts
The Federal Reserve supports international efforts to make cross-border payments faster, cheaper, more transparent, and more accessible globally, Fed Vice Chair for Supervision Michael Barr said.
ICBA advocacy leads to nationwide 1071 injunction
A federal court granted an ICBA request to expand injunctive relief from the Consumer Financial Protection Bureau’s Section 1071 final rule to all community banks nationwide.
Lawmakers ask DOJ to target crypto’s role in terrorist financing
Two key members of Congress urged the Justice Department to evaluate the extent to which the Binance and Tether crypto firms are supporting terrorism by violating sanctions and the Bank Secrecy Act.
ICBA Advocacy Leads to Nationwide Community Bank Relief from 1071 Small-Business Rule
ICBA, IBAT and Texas First Bank today announced that the U.S. District Court for the Southern District of Texas has granted their request to expand injunctive relief from the Consumer Financial...
Fed proposes debit card interchange cuts
The Federal Reserve Board issued a proposal to lower the maximum interchange fee that covered debit card issuers may receive for debit card transactions.
Fed’s Waller: CBDC pitch unconvincing
Federal Reserve Governor Christopher Waller said he has yet to be convinced there is a market failure that a central bank digital currency would resolve.
Gensler: Crypto investors no less deserving of securities protections
There is nothing about the crypto-asset securities markets that suggests investors and issuers are less deserving of the protections of U.S. securities laws, Securities and Exchange Commission...
ICBA Statement on Federal Reserve Proposal on Debit Card Interchange
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Federal Reserve Board proposal to update Regulation II rules on...
Agencies finalize climate risk guidance for large banks
The federal banking regulators published interagency principles for climate-related financial risk management for financial institutions with $100 billion or more in total consolidated assets.
ICBA launching survey on recent regulatory changes
ICBA in the coming days will launch a survey on the value of community banks, small-business lending, and the regulatory environment.
ICBA Statement on Interagency Climate Risk Guidance for Large Banks
ICBA President and CEO Rebeca Romero Rainey issued the following statement on today’s release of interagency guidance for climate-related financial risk management for large financial institutions.
ICBA Statement on Community Reinvestment Act Final Rule
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s interagency final rule on Community Reinvestment Act modernization.
House GOP elects Rep. Mike Johnson as new speaker
House Republicans elected Rep. Mike Johnson (R-La.) as the 56th speaker of the House of Representatives.
CFPB targets credit card interest, fees in latest report
The Consumer Financial Protection Bureau said total outstanding credit card debt eclipsed $1 trillion last year for the first time since the CFPB began collecting this data.
Regulators approve Community Reinvestment Act final rule
Federal regulators issued an interagency final rule to reform Community Reinvestment Act regulations.
Fed meeting today on revising debit interchange fee cap
The Federal Reserve Board is scheduled to meet at 1 p.m. (Eastern time) today on proposed revisions to the agency’s debit interchange fee cap.
Agencies acting today on CRA, climate rulemakings
Federal agencies today are set to act on Community Reinvestment Act reform and climate risk.
New risk management subgroup on ICBA Community
ICBA launched a new risk management subgroup on its ICBA Community online platform.
AI webinar bundle starts this week
ICBA this week kicks off a new webinar series to provide community bankers a primer on artificial intelligence.
Blog post: the evolving domestic regulatory environment for digital assets
A new ICBA blog post discusses the pursuit of policy initiatives around digital assets by prudential regulators, the White House, and the Treasury Department.
ICBA, groups urge Fed to reject changes to debit card interchange fees
ICBA and other groups urged the Federal Reserve Board to reject merchant requests for further changes to Regulation II governing debit card interchange fees during this week’s board meeting.
Agencies set to act on CRA, climate rulemakings
Federal agencies this week are set to act on Community Reinvestment Act reform and climate risk.
Regulators extend comment deadlines on megabank capital proposals
Federal regulators extended the comment deadline on their proposal to implement stricter regulatory capital standards on banks over $100 billion in assets while the Federal Reserve collects...
New Letter: ICBA, Financial Trades Call on Fed to Reject Requests for Changes to Debit Card Interchange Fees
ICBA and a coalition that includes organizations representing the vast majority of federally-regulated financial institutions urged the Fed to reject merchant requests for further changes to...
FinCEN proposes designating crypto mixers as money-laundering concern
The Financial Crimes Enforcement Network issued a proposed rule that identifies international convertible virtual currency mixing as a primary money-laundering concern.
CFPB issues 1033 proposal on sharing consumer data
The Consumer Financial Protection Bureau released its proposal to implement standards for sharing consumer financial data under Section 1033 of the Dodd-Frank Act.
ICBA Statement on Today’s CFPB Proposed Rule on Sharing Consumer Financial Data
ICBA President and CEO Rebeca Romero Rainey issued the following statement on today’s Consumer Financial Protection Bureau proposal to implement Section 1033 standards for sharing consumer...
Senate passes ICBA-advocated resolution to scrap CFPB 1071 rule
ICBA commended the Senate for passing an ICBA-advocated resolution to nullify the Consumer Financial Protection Bureau’s Section 1071 small-business data collection and reporting requirements.
Administration, Congress target crypto role in terror attacks
Policymakers announced efforts to address the role of crypto-assets in the Oct. 7 Hamas attacks on Israel.
ICBA Commends Senate for Passing Resolution to Scrap CFPB’s 1071 Small-Business Reporting Rule
ICBA today commended the Senate for passing an ICBA-advocated resolution (S.J.Res.32) to nullify the CFPB’s Section 1071 small-business data collection and reporting requirements.
Senate slated to vote today on 1071 reversal
With the Senate scheduled to vote today on a resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA is urging community bankers to urge their senators to support the...
Fed meeting next week on revising debit interchange fee cap
The Federal Reserve Board scheduled a meeting for next week on proposed revisions to the agency’s debit interchange fee cap.
Agencies issue anti-ransomware guidance
The Cybersecurity and Infrastructure Security Agency and other agencies released an updated version of the joint #StopRansomware Guide. The update includes new prevention tips, revised response...
ICBA backs DeFi policy recommendations
ICBA expressed support for the International Organization of Securities Commissions’ recommendations for establishing policies on decentralized finance.
Agencies meeting next week on CRA reform, climate risk
The Federal Reserve Board and FDIC board of directors scheduled meetings for next week on two high-profile regulatory issues: the Community Reinvestment Act and climate risk.
Fed’s Bowman: CBDC benefits remain unclear
Federal Reserve Governor Michelle Bowman said she has yet to see a compelling argument that a U.S. central bank digital currency could address payments system problems more effectively,...