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Agencies propose standards for computer security incident notifications

Agencies propose standards for computer security incident notifications Federal banking agencies issued a proposal that would require banks to promptly notify their primary federal regulator after...

Dec 21, 2020
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Article
Cybersecurity

Banking and Consumer Groups Urge Congress to Close Statutory Loophole in Response to FDIC Final Rule on ILCs

Banking and Consumer Groups Urge Congress to Close Statutory Loophole in Response to FDIC Final Rule on ILCs Today, the Bank Policy Institute, Center for Responsible Lending and the Independent...

Dec 18, 2020
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Article
Federal Deposit Insurance Corporation (FDIC) Lending

CISA follow-up call today on SolarWinds

CISA follow-up call today on SolarWinds The Cybersecurity and Infrastructure Security Agency today is hosting a follow-up call on the supply chain attack on the SolarWinds Orion Platform and...

Dec 18, 2020
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Article
Cybersecurity

NCUA approves subordinated debt rule

NCUA approves subordinated debt rule The National Credit Union Administration board approved an ICBA-opposed final rule that will allow the largest and most complex credit unions to issue...

Dec 18, 2020
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Article
Credit Unions

ICBA Statement on Credit Union Debt Rule

ICBA Statement on Credit Union Debt Rule ICBA and the nation's community banks strongly oppose today’s National Credit Union Administration approval of a final rule that will allow the largest and...

Dec 17, 2020
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Article
Credit Unions

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

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

FDIC proposes amendments to SAR regs

FDIC proposes amendments to SAR regs The FDIC proposed a rule to amend the agency’s Suspicious Activity Report regulation. The proposal would permit the FDIC to issue additional, case-by-case...

Dec 16, 2020
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Article
Compliance

Community Banks Participating in ICBA/Travelers Program Receive Year End Dividend

Community Banks Participating in ICBA/Travelers Program Receive Year End Dividend The Independent Community Bankers of America today announced that a dividend of $4.3 million will be shared by more...

Dec 16, 2020
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Article

ICBA Statement on ILC, Brokered Deposit Rules

ICBA Statement on ILC, Brokered Deposit Rules Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued a statement on today's Federal Deposit Insurance Corp. final...

Dec 15, 2020
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Article
Commerce & Banking Deposit Insurance Lending

ICBA: CFPB should narrow 1071 reporting plan

ICBA: CFPB should narrow 1071 reporting plan The Consumer Financial Protection Bureau's outline of proposals for implementing small-business data collection and reporting rules is too broad and...

Dec 15, 2020
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Article
Consumer Financial Protection Bureau (CFPB)

ICBA Response to the CFPB’s Outline of Proposals for 1071

ICBA Response to the CFPB’s Outline of Proposals for 1071 The Independent Community Bankers of America welcomes the opportunity to comment on the Consumer Financial Protection Bureau’s Outline of...

Dec 14, 2020
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Article
Commerce & Banking

FDIC board meeting on ILC parent companies, brokered deposits

FDIC board meeting on ILC parent companies, brokered deposits The FDIC board of directors is set to meet tomorrow to vote on a final rule to codify its capital, liquidity and source-of-strength...

Dec 14, 2020
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Article
Lending

CFPB finalizes QM reforms

CFPB finalizes QM reforms The Consumer Financial Protection Bureau finalized rules addressing the pending expiration of the "GSE Patch," which exempts Fannie Mae and Freddie Mac mortgage loans from...

Dec 11, 2020
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Article
Compliance

Senate vote on 'beneficial owner' reform as soon as today

Senate vote on 'beneficial owner' reform as soon as today The Senate is expected to vote as soon as today on a compromise defense spending bill that includes a key step toward ICBA-advocated relief...

Dec 11, 2020
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Article
Bank Secrecy Act/Anti-Money Laundering Act (BSA/AML)