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CFPB to propose rules governing data broker practices

The Consumer Financial Protection Bureau will propose new rules to prevent the misuse and abuse of consumer information collected by credit reporting companies and other data brokers.

Aug 16, 2023
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Article
Compliance

Report: Credit card routing bill would cost consumers $11B in rewards

ICBA-opposed legislation to impose credit card routing restrictions would cost credit card users $11 billion in annual rewards, according to a new report from the Electronic Payments Coalition.

Aug 14, 2023
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Article
Credit Cards

Bittrex to pay $24M to settle SEC exchange allegations

The Securities and Exchange Commission said crypto asset trading platform Bittrex Inc. and its former CEO, William Shihara, agreed to settle charges that they operated an unregistered national...

Aug 14, 2023
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Article

Custodia Bank launches in certain states

Special-purpose depository institution Custodia Bank said it has officially launched in certain states to serve U.S.-based business customers.

Aug 14, 2023
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Article
Digital Assets

Agencies request feedback on secure open-source software

The Cybersecurity and Infrastructure Security Agency and other agencies issued a request for information on areas for prioritization to secure open-source software.

Aug 11, 2023
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Article
Cybersecurity

ICBA ThinkTECH Accelerator director profiled by BankBeat

ICBA ThinkTECH Accelerator Director Stephanie Foster, who joined ICBA in January to help plan and execute ICBA’s award-winning program, is the subject of a new profile in BankBeat.

Aug 11, 2023
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Article

ICBA request for 1071 relief makes headlines

ICBA’s actions to challenge the Consumer Financial Protection Bureau's Section 1071 final rule and seek injunctive relief for community banks is making headlines.

Aug 09, 2023
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Article
Compliance

FHFA responds to ICBA concerns with new credit score models

The Federal Housing Finance Agency said it is considering adjustments to its plan for transitioning Fannie Mae and Freddie Mac to new credit score models following outreach from ICBA and other groups.

Aug 09, 2023
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Article
Housing Finance/GSEs