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Wholesale CBDC could speed cross-border payments: N.Y. Fed report
A wholesale central bank digital currency could enable faster, simultaneous, and safer cross-border payments, according to a new report from the Federal Reserve Bank of New York and the Monetary...
House panel meeting this week on FHFA, megabanks
While the Senate is not in session this week, the House Financial Services Committee has two hearings scheduled.
ICBA to Congress: SBA Should Pause 7(a) Rule
ICBA today told Congress that the Small Business Administration should pause new rules lifting the moratorium on the number of non-federally regulated institutions, including nonbank fintech...
CFPB issues small entity guide on 1071 rule
The Consumer Financial Protection Bureau issued a small entity compliance guide on the bureau’s Section 1071 rule on small-business data collection and reporting.
ICBA Releases 2023 Community Banking Policy Resolutions
ICBA today released its legislative and regulatory policy objectives for 2023 during the ICBA Capital Summit. Developed and approved by ICBA volunteer community bankers, these resolutions will...
ICBA-backed bill offering tax relief for rural lending introduced
ICBA expressed its strong support for the House introduction of legislation to exempt from taxation interest income on farm real estate and rural mortgage loans.
CFPB issues guidance on reopening closed deposit accounts
The Consumer Financial Protection Bureau issued a circular affirming that banks might violate federal law if they unilaterally reopen a deposit account to process transactions after a consumer has...
ICBA Capital Summit speakers finalized
Treasury Secretary Janet Yellen and Consumer Financial Protection Bureau Director Rohit Chopra are among the speakers set to address next week’s 2023 ICBA Capital Summit in Washington, D.C.