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Navy Federal fallout continues on Capitol Hill

The fallout of reports on discriminatory lending at Navy Federal Credit Union continued Wednesday with new congressional leaders seeking an inquiry.

Feb 29, 2024
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Article
Credit Unions

ICBA Independent Banker Named Best Monthly Magazine by Association Trends

ICBA Independent Banker magazine took home top honors in its category for this year’s Association Trends 2024 TRENDY Awards, while the Independent Banker podcast also received recognition in the...

Feb 28, 2024
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Article

Barr: Fed monitoring large banks’ hedge fund risks

Large banks should be doing more to account for the counterparty risks posed by hedge funds and other nonbanks, Federal Reserve Vice Chair for Supervision Michael Barr said.

Feb 28, 2024
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Article

Honoring Our Past, Embracing Our Future

As ICBA Bancard transitions to ICBA Payments, reflecting on our past will help to fuel our future success. While our name has changed, the goal of serving community banks has remained a constant...

Feb 27, 2024
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Article

A Renewed Commitment to Our Mission

From deploying instant payments to enhancing the customer experience to competing with Bigtech, community banks face complex decisions about priorities amidst current fiscal realities.

Feb 27, 2024
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Article

Bill to bar U.S. CBDC introduced in Senate

ICBA-advocated legislation that would restrict the ability of the federal government to introduce a U.S. central bank digital currency was introduced in the Senate after passing the House Financial...

Feb 27, 2024
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Article
Federal Reserve

Global AML watchdog warns of lagging crypto standards

The Financial Action Task Force—a global anti-money-laundering watchdog—said many countries have not implemented its recommended standards on virtual assets, allowing criminals to exploit gaps in...

Feb 26, 2024
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Article
Compliance Digital Assets

Treasury sanctions Russia’s national payment system

The Treasury Department’s Office of Foreign Assets Control announced sanctions on nearly 300 Russian individuals and entities, including the operator of the Mir National Payment System.

Feb 26, 2024
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Article
Compliance