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FDIC board meeting on custodial deposit accounts, bank mergers

The FDIC board of directors scheduled a meeting for next week on a notice of proposed rulemaking on custodial deposit accounts with transaction features and to issue a final statement of policy on...

Sep 11, 2024
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Article

ICBA: Nonbank payments firms benefit from regulatory imbalance

ICBA said it agrees with a Financial Stability Board report that nonbank service providers involved in cross-border payments are not subject to the same regulatory scrutiny as banks.

Sep 11, 2024
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Article

ICBA advocacy briefing next week

ICBA next week is hosting a complimentary community bank briefing on key congressional and regulatory developments.

Sep 12, 2024
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Article

Poll: Growing Majority of Americans Demand Equal Consumer Protections for Credit Union Customers

ICBA today released new polling data showing Americans are growing increasingly uneasy with credit unions’ regulatory exemptions and support reforms to policies that arbitrarily favor these...

Sep 11, 2024
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Article
Credit Unions

ICBA: Credit unions shouldn’t use Wall Street to acquire community banks

ICBA called on the National Credit Union Administration to bar tax-exempt credit unions from using funds raised from Wall Street investors to finance acquisitions of tax-paying community banks.

Sep 11, 2024
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Article
Credit Unions

ICBA: Policymakers Should Bar Credit Unions from Using Wall Street Funds to Acquire Community Banks

The Independent Community Bankers of America (ICBA) today called on the National Credit Union Administration to bar tax-exempt credit unions from using funds raised from Wall Street investors to...

Sep 10, 2024
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Article
Credit Unions

ICBA, groups urge Congress to advance farm bill this year

ICBA and other agricultural stakeholders called on Congress to advance a meaningful farm bill in 2024 that addresses worsening conditions in farm country.

Sep 10, 2024
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Article
Farm Bill

FBI: Crypto fraud complaints rise 45% in 2023

The FBI’s Internet Crime Complaint Center said it received more than 69,000 complaints from the public regarding financial fraud involving the use of cryptocurrency last year.

Sep 10, 2024
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Article
Digital Assets