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FDIC study: Community banks critical to key economic areas

FDIC study: Community banks critical to key economic areas The FDIC issued a new study that found community banks serve a critical role in providing access to credit in several key areas of the...

Dec 17, 2020
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Article
Federal Deposit Insurance Corporation (FDIC)

NCUA board meeting today on subordinated debt

NCUA board meeting today on subordinated debt The National Credit Union Administration board is scheduled to meet at 10 a.m. (Eastern time) today to vote on an ICBA-opposed final rule allowing...

Dec 17, 2020
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Article
Credit Unions

FinCEN proposes virtual currency recordkeeping rules

FinCEN proposes virtual currency recordkeeping rules The Financial Crimes Enforcement Network issued a proposed rule to increase transparency of certain transactions involving convertible virtual...

Dec 21, 2020
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Article
Compliance Cybersecurity Payments +1 More...

SolarWinds criminals narrow follow-up attacks: Microsoft

SolarWinds criminals narrow follow-up attacks: Microsoft The cyber criminals who targeted the SolarWinds Orion Platform appear to have limited their follow-up attacks to a relatively small number...

Dec 21, 2020
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Article
Cybersecurity

CFPB issues follow-up debt-collection rule

CFPB issues follow-up debt-collection rule The Consumer Financial Protection Bureau issued a final rule to implement Fair Debt Collection Practices Act requirements for certain consumer...

Dec 21, 2020
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Article
Consumer Financial Protection Bureau (CFPB) Compliance

Agencies adjust CRA asset thresholds

Federal regulators announced the annual adjustment to Community Reinvestment Act thresholds.

Dec 18, 2020
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Article
Compliance Community Reinvestment Act (CRA)

SolarWinds: What community banks need to know

SolarWinds: What community banks need to know The supply chain attack on the SolarWinds Orion Platform and subsequent customer breaches is affecting every corner of the economy, including community...

Dec 17, 2020
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Article
Cybersecurity

SolarWinds-related breaches: What community banks need to know

SolarWinds-related breaches: What community banks need to know The supply chain attack on the SolarWinds Orion Platform, and the subsequent breaches to its customers, is a significant cybersecurity...

Dec 16, 2020
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Article
Cybersecurity