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Fed updates policy on supervising stablecoins, novel activities

The Federal Reserve Board released additional information on its program to supervise novel activities in the banks it oversees, including stablecoin activity.

Aug 09, 2023
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Article
Digital Assets

OCC issues guidance on legal lending limit

The OCC issued guidance on the applicability of the legal lending limit to purchased loans.

Aug 09, 2023
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Article
Compliance

Agencies release report on top routinely exploited vulnerabilities

The Cybersecurity and Infrastructure Security Agency and other agencies issued a report on last year’s top routinely exploited vulnerabilities.

Aug 07, 2023
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Article
Cybersecurity

ICBA Urges Court and CFPB to Grant Relief from 1071 Small-Business Rule

ICBA, the Independent Bankers Association of Texas (IBAT), and Texas First Bank today filed a motion and complaint calling on a federal court to declare that the CFPB’s Section 1071 final rule is...

Aug 04, 2023
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Article
Consumer Financial Protection Bureau (CFPB)

Independent Banker magazine wins 2023 Content Marketing Award for Top Association Publication

ICBA Independent Banker magazine was named the winning association publication in the 2023 Content Marketing Awards.

Aug 04, 2023
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Article

Minneapolis Fed: Higher rates affect least profitable ag producers most

A recent article from the Federal Reserve Bank of Minneapolis explains how higher interest rates affect the farm sector.

Aug 04, 2023
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Article
Agriculture

Regulators update BSA/AML exam manual

The Federal Financial Institutions Examination Council announced updated sections and related examination procedures in its Bank Secrecy Act/Anti-Money Laundering Examination Manual.

Aug 03, 2023
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Article
Compliance

Romero Rainey: ICBA continues advocating community bank 1071 relief

ICBA is taking steps to ensure that a recent court decision granting temporary injunctive relief from the CFPBs Section 1071 final rule applies to all community banks, ICBA President and CEO Rebeca...

Aug 02, 2023
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Article
Compliance