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title: NewsWatch Today 26.10.27
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An appeals court affirmed a judgment vacating the Fed’s Reg II cap on debit-card interchange fees. ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­  

| View in browser NEWSWATCH TODAY Sponsored by FedNow TOP STORY Appeals court strikes down cap on debit-card interchange fees A federal appeals court ruled in favor of striking down the Federal Reserve's regulation capping debit-card interchange fees, requiring the Fed to rewrite its regulation.   Details: In the ruling on the case of Corner Post Inc. v. Board of Governors of the Federal Reserve System, the Eighth Circuit Court of Appeals affirmed a district court judgment that vacates the Regulation II cap on debit-card interchange fees.   Background: The Durbin Amendment to the Dodd-Frank Act provides that the amount of any interchange transaction fee shall be reasonable and proportional to the cost incurred by the issuer with respect to the transaction. Since 2011, Regulation II has governed how the Fed calculates the debit card interchange fee cap.   ICBA View: In a joint statement, ICBA and other groups said the Durbin Amendment’s government price controls have harmed consumers and the court’s decision threatens to compound that harm by preventing regulated interchange fees from reflecting the real costs banks incur to process transactions, prevent fraud, and protect customer data.   Past Advocacy: ICBA and other groups earlier this year asked the Eighth Circuit Court of Appeals to reverse a North Dakota district court’s decision holding that Reg II violates the Dodd-Frank Act. ICBA and other groups last year urged the Fed to withdraw its 2023 debit interchange proposal until there is legal certainty in several court cases, noting the Corner Post and Linney’s Pizza cases have conflicting rulings on the original Reg II. ICBA in August 2025 said it was disappointed by the North Dakota district court’s ruling in the Corner Post case that excludes debit card fraud losses from Reg II, stripping community banks of the ability to recover the largest category of fraud losses and putting consumers’ debit card security at risk. Resource for Community Bankers: ICBA this year unveiled a resource that breaks down payment card interchange and other swipe fees so community bankers can communicate about the issue with their customers. Advertisement ADVOCACY Webinar next week on ICBA, OpenAI cybersecurity alliance ICBA is hosting a webinar next week on its strategic alliance with OpenAI to help community banks access AI-enabled cybersecurity capabilities, training, and peer-to-peer engagement.   About the Webinar: Scheduled for 2 p.m. (Eastern time) Tuesday, Nov. 3, the member-exclusive webinar will detail how the alliance can help community banks strengthen their cyber defenses, evaluate emerging AI technologies, and gain practical insights from industry experts and fellow community bankers.   About the Alliance: Through the alliance, eligible ICBA member banks will have a pathway to:  Explore OpenAI's Daybreak for Frontline Defenders to support defensive cybersecurity work.   Access ICBA member-exclusive education and training with OpenAI experts.   Participate in ICBA's new AI Show-n-Tell forum for demonstrate real-world AI use cases, challenges, and lessons learned.  Join the new AI Adoption group on ICBA Community, ICBA’s peer-to-peer network of more than 8,500 community bankers.   CFPB updates ARM, HELOC resources The Consumer Financial Protection Bureau updated consumer materials on adjustable-rate mortgages and home equity lines of credit.   Background: The CFPB said these disclosures, which are required by Regulation Z, help consumers understand the features and risks associated with ARMs and HELOCs so they can make informed borrowing decisions. OFAC revises FAQs on blocking transactions, filing reports The Office of Foreign Assets Control amended frequently asked questions on topics such as blocking and rejecting transactions and filing reports with OFAC. FDIC, CFPB to host scam-prevention webinar tomorrow The FDIC and Consumer Financial Protection Bureau are scheduled to host a webinar tomorrow for financial institutions on protecting older adults from financial exploitation.   Details: Money Smart for Older Adults: Financial Preparedness, Fraud, and Scams is slated for 1 p.m. (Eastern time) tomorrow, Oct. 28.   ICBA Resources: Tools to help community banks fight fraud and scams are available on ICBA's website.  Additional community banking news and information—including NewsWatch Today coverage, ICBA news releases, blog posts, and more—is available on the ICBA Newsroom. SPONSORED MESSAGE New era of payments: Q&A with the Chief FedNow Executive The FedNow® Service’s Nick Stanescu shares his perspective on what's driving the next phase of instant payment growth and highlights how these advancements give banks new ways to strengthen the value they deliver to their customers. Read Nick’s views on the new era of instant payments.  Advertisement INNOVATION Innovation Workshop kicks off tomorrow ICBA is set to livestream the Innovation Workshop tomorrow, Oct. 28, and Thursday, Oct. 29.   Details: Sponsored by Jack Henry, the workshop will feature discussions, case studies, and expert insights on innovation readiness, emerging technologies, third-party risk, and actionable tools and frameworks. Register here. Webinar next month on advancing financial equity through innovation ICBA and the Center for Accelerating Financial Equity are slated to hold a webinar next month on bank technology solutions that advance financial wellness in low- to moderate-income communities.   Details: ThinkTECH x CAFE Fintech Showcase: Advancing Financial Equity Through Innovation is scheduled for 1 p.m. (Eastern time) Thursday, Nov. 12. Learn more and register.   SPONSORED MESSAGE PTMA’s public funds advantage: A strategic funding solution PTMA Funding, an ICBA Preferred Service Provider, connects financial institutions with thousands of local government relationships nationwide. By incorporating public funds as a strategic anchor within your wholesale funding framework, you can support liquidity, manage risk, promote balance-sheet resilience, and introduce competitive, stable deposit solutions to support long-term funding success. Advertisement EDUCATION Bank Director Forum next week ICBA’s Bank Director Forum series wraps up Thursday, Nov. 5, with a half‑day livestream focused on the intersection of artificial intelligence, cybersecurity, fraud, and technology strategy.   Details: The session explores how emerging technologies, evolving cyber threats, digital assets, and changing customer expectations are reshaping governance and risk oversight. Learn more and register. Professional Development Planner Demo next month ICBA is slated to host a 45-minute live demonstration of its Professional Development Planner at 2 p.m. (Eastern time) Tuesday, Nov. 10.   Details: The session will highlight how the planner supports more consistent, strategic, and efficient employee development planning. Register for the demo. Webinar Thursday on balance sheet strategies The Baker Group is scheduled to host Rates, Risk and Opportunity: Year-End Strategies to Prepare Community Bank Balance Sheets for 2027 at 2 p.m. (Eastern time) this Thursday, Oct. 29.   Details: Discussion topics include: The reasons treasury yields have risen so much in 2026 and what banks can do today to hedge their interest rate risk while also taking advantage of the highest bond yields in 25 years. An analysis of the monetary policy outlook and practical guidance for asset-liability management, liquidity positioning, year-end investment portfolio strategies, and balance sheet planning for 2027. Register here. SPONSORED MESSAGE The MVP of bank funding Just as a great player brings both durability and flexibility to a lineup, reciprocal deposits offer a scalable, dependable source of funding that can adapt as your balance sheet needs change. Listen to the podcast to learn how new reciprocal deposit rules help community banks. Advertisement NOTED FDIC announces leadership appointments The FDIC announced several leadership appointments: Cynthia Sjoberg Radway has been appointed deputy to the chairman and chief operating officer to lead the FDIC’s internal operations. Janie Faulkner, Michael Overmyer, and Ryan Rappa have been appointed senior counsels to the chairman. Mark Buresh has been appointed deputy general counsel for the regulation and policy branch. Dean Conway has been appointed deputy general counsel for the litigation branch. FinCEN issues translations of whistleblower bulletin The Financial Crimes Enforcement Network issued its whistleblower bulletin on Iran-related illicit finance in Arabic, Farsi, Hindi, Mandarin, Russian, Spanish, and Turkish.   Background: FinCEN last month issued the bulletin to encourage submissions whistleblowers with information about Iran-related illicit finance. Worth Sharing LBA @LABankers: Today is #NationalFinancialCrimeFighterDay! Thank you #BSA, #AML, #fraudprevention, compliance & risk management professionals for helping to protect customers & prevent fraud! Tag a financial crime fighter & help us celebrate the professionals protecting Louisiana communities.   Bank of Glen Burnie @BofGB: Small businesses supporting small businesses. Mark and Shannon Abrahams, owners of Bean Rush Cafe, put it best: “Since we are a small business, working with other small businesses is really important to us.” We feel the same way. As a community bank, the deposits here help fund local businesses like Bean Rush. For more information, visit the ICBA Newsroom and follow ICBA on X, LinkedIn, Facebook, and Instagram. SPONSORED MESSAGE \[WEBINAR\] The economics of checking rates: When higher makes sense Many financial institutions assume raising rates will increase deposit costs dollar for dollar, but that calculation overlooks how reward checking accounts perform. Qualification rates, balance caps and non-interest income can reduce the effective Cost of Funds, making a higher advertised rate more economical than it appears. Register for this complimentary webinar. Advertisement You control your email subscription. ICBA only wants to send you emails that fit your interests and career goals. You can change your ICBA email preferences at any time. ICBA does not sell member emails, and please don't respond to anyone claiming to sell information associated with ICBA. Independent Community Bankers of America 1100 New York Avenue NW, Suite 500 East Washington, DC 20005-3964 United States 866-843-4222 You received this because you are subscribed to NewsWatch TODAY emails.  If you need a break from ICBA emails, pause your emails. If this email doesn't fit your interest, update your email subscriptions. . |
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