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ICBA urges CFPB to withdraw overdraft proposal
ICBA urged the Consumer Financial Protection Bureau to withdraw its proposed rule to apply Regulation Z lending requirements to overdraft services.
FinCEN underestimates beneficial ownership collection burden: ICBA
The Financial Crimes Enforcement Network’s estimated burden of complying with its final rule on accessing beneficial ownership information does not accurately reflect the demands of collecting this...
ICBA to CFPB: Fee proposal another abuse of authority
ICBA urged the Consumer Financial Protection Bureau to stop misusing its authority over unfair, deceptive, or abusive acts or practices to undermine federal disclosure rules.
Court grants ICBA-requested injunction of CRA final rule
A federal judge on Friday granted an injunction against federal banking regulators’ Community Reinvestment Act final rule, as requested by ICBA and other groups in a legal challenge.
ICBA backs congressional challenge to credit card late fee rule
ICBA expressed support for Rep. Andy Barr’s (R-Ky.) introduction of a resolution to nullify the Consumer Financial Protection Bureau’s final rule to cut credit card late fees.
Court rejects Custodia suit over Fed account denial
A federal judge largely upheld the Federal Reserve’s denial of special-purpose depository institution Custodia Bank’s application for a Fed master account.
ICBA Capital Summit set for this month
Registration is open for the 2024 ICBA Capital Summit, the industry’s premier advocacy event slated for later this month in the nation’s capital.
CFPB: Consumer complaints focus on credit bureaus
Consumer complaints about credit or consumer reporting continued to increase in 2023, according to the Consumer Financial Protection Bureau’s latest annual report.
Trade Groups Welcome Injunction Delaying CRA Rules Implementation
ICBA and others issued a statement after the decision by the Northern District of Texas late Friday to pause implementation of the Community Reinvestment Act Final Rules.
ICBA urging farm bill district meetings
With members of Congress back home for a district work period, ICBA is urging community bankers to continue the grassroots push for a new farm bill with in-person meetings.
CFPB issues guidance on remittance advertising
The Consumer Financial Protection Bureau issued a circular warning remittance transfer providers—including digital wallets—that false advertising about the cost or speed of sending a remittance...
ICBA urging district meetings on farm bill
With members of Congress back home for a district work period, ICBA is urging community bankers to continue the grassroots push for a new farm bill with in-person meetings.
Latest on crypto: terrorism sanctions, federal charges
Federal officials announced a new round of legal actions related to the use of cryptocurrencies for illicit purposes.
ICBA to Basel Committee: Strengthen protections against crypto risk
ICBA said the Basel Committee on Banking Supervision’s framework for classifying cryptoasset exposures validates community bank misgivings about cryptocurrencies.
FinCEN seeks comments on customer identification requirements
The Financial Crimes Enforcement Network issued a request for information related to existing requirements for banks under the Customer Identification Program Rule to collect a taxpayer...
Treasury spotlights AI risks for financial sector
The Treasury Department issued a report on how the financial services sector can manage cybersecurity risks posed by artificial intelligence technologies.
CISA releases proposal on cyber reporting standards
The Cybersecurity and Infrastructure Security Agency published for public inspection its pending proposed rule that would require covered entities to report to CISA on covered cyber incidents and...
Payment networks, merchants announce settlement on interchange suit
Visa, Mastercard, major credit card issuers, and the merchants suing them announced a proposed settlement to end nearly two decades of litigation over credit card interchange.
ICBA Capital Summit speakers confirmed
The speakers are set for next month’s 2024 ICBA Capital Summit, the industry’s premier advocacy event.
Swift says experiment shows CBDC use cases
The Swift financial transactions and payments network said its latest experiment with a central bank digital currency successfully demonstrated the use of CBDCs in digital trade, payments, and...