The Treasury Department endorsed the Financial Action Task Force’s new international payments standards and said it supports FATF reports on countering illicit finance.
The Senate passed legislation to establish a regulatory framework for payment stablecoins without ICBA-opposed amendments to impose new credit card restrictions.
ICBA pledged to continue working with Congress on legislation to establish a regulatory framework for payment stablecoins following Tuesday’s 68-30 bipartisan Senate vote to pass the GENIUS Act (S. 1582).
The Consumer Financial Protection Bureau published an interim final rule to extend its 1071 small-business reporting rule’s compliance and reporting dates.
ICBA applauded the federal banking agencies for announcing a request for comment on potential actions to help consumers, businesses, and financial institutions mitigate risk of payments fraud, with a particular focus on check fraud.
The Financial Action Task Force updated its lists of countries monitored for deficiencies in their efforts to counter money laundering, terrorist financing, and proliferation financing.
The FDIC’s national rates and rate caps for savings accounts, interest checking accounts, money market accounts, and CDs have been updated and are available on the FDIC website.
ICBA-advocated legislation to curb the use of mortgage “trigger leads” last week passed the Senate by unanimous consent after the House Financial Services Committee advanced its version of the measure.
ICBA Payments announced the appointment of Troy Cullen as executive vice president and chief revenue officer for the organization and its agent bank, TCM Bank N.A.
ICBA CRA Solutions marked World Elder Abuse Awareness Day by equipping community bankers with tools such as a customizable news release on ICBA’s Media Resource Center.
ICBA continues calling on community bankers to use its Be Heard Grassroots Action Center to ask senators to co-sponsor the Access to Credit for our Rural Economy (ACRE) Act (S. 838) and preserve and expand ACRE in the Senate’s reconciliation tax bill.
