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OCC clarifies cryptoasset guidance
The OCC clarified permissible bank activities related to cryptoasset custody and execution services.
Fed maintains rates
The Federal Open Market Committee voted to maintain target interest rates at a range of 4.25% to 4.5%.
1071 rule remains on hold for community banks amid CFPB review
The Consumer Financial Protection Bureau’s 1071 small-business rule and its implementation deadlines remain on hold for ICBA community banks amid ongoing litigation and a bureau review of the rule.
Following first acquisition in Montana, ICBA continues call for credit union tax
With the latest interstate acquisition of a community bank by tax-exempt credit unions extending into Montana, ICBA said it's time for the increasing criticism of credit union tax and regulatory...
ICBA Welcomes Mastercard as Sponsor of Innovation Programming to Advance Community Bank Solutions
The Independent Community Bankers of America® (ICBA) today announced that Mastercard has joined as a sponsor of ICBA’s innovation programming, marking a significant expansion of the relationship...
CFPB to deprioritize 1071 enforcement for entities not protected by court order
The Consumer Financial Protection Bureau announced that it will deprioritize enforcement of its 1071 small-business lending rule for entities not currently protected by a 5th Circuit Court order.
Independent Banker: What community banks need to fight fraud
Fraud mechanisms and scam typologies are constantly evolving, according to the latest Independent Banker magazine, and community banks must build awareness, knowledge, and prevention skills to...
CFPB deprioritizing ‘buy now, pay later’ enforcement actions
The Consumer Financial Protection Bureau announced that it will not prioritize enforcement actions related to “buy now, pay later.”