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Payments council releases instant payments operational guide
The U.S. Faster Payments Council released a new resource for banks working to implement instant payments.
Senate hearing tomorrow on CDFIs
The Senate Banking Committee is scheduled to meet tomorrow for a subcommittee hearing on community development financial institutions.
Credit unions labeling themselves community banks: Romero Rainey
Community bankers have for years warned of the expansion of credit union powers, but Navy Federal Credit Union’s new “Community Bank” brand indicates credit unions recognize they’ve gone too far,
ICBA National Campaign Toolkit offers audio materials
The ICBA National Campaign Toolkit features numerous assets for community banks and state partners, including customizable audio ads.
ICBA Proposes Solution to Promote Mortgage Affordability
(ICBA), Community Home Lenders of America, and National Association of REALTORS today proposed a solution to reduce historically high long-term mortgage rates relative to long-term Treasury bonds.
Bowman: Regulators should avoid harming bank viability
Banking regulators should ensure changes to the regulatory framework do not harm the long-term viability of banks, especially midsized and smaller banks, Federal Reserve Governor Michelle Bowman said.
Fed’s Bowman: Advocacy on CDFI proposal making a difference
Federal Reserve Board Governor Michelle Bowman recognized community banker concerns with proposed changes to the community development financial institution certification application.
Agencies issue additional guidance on open-source security
The Cybersecurity and Infrastructure Security Agency and other agencies issued a fact sheet on improving security of open-source software in operational technology and industrial control systems.