FHFA’s Thompson addresses rise in enterprise repurchase requests

Oct 17, 2023 | NewsWatch Today
Federal Housing Finance Agency Director Sandra Thompson recognized mortgage lenders’ concerns with rising repurchase requests from Fannie Mae and Freddie Mac, though she said requests have declined since their peak in early 2022.

FHFA expands ‘rep and warrant’ relief to loans with COVID-19 forbearance

Oct 17, 2023 | NewsWatch Today
The Federal Housing Finance Agency said it will revise the treatment of active single-family mortgages backed by Fannie Mae and Freddie Mac for which borrowers elected a COVID-19 forbearance under the enterprises' representations and warranties framework.

FHFA issues new set of appraisal data

Oct 17, 2023 | NewsWatch Today
The Federal Housing Finance Agency published a new set of data points and trends found in appraisal reports.

ICBA plan to promote mortgage affordability makes news

Oct 16, 2023 | NewsWatch Today
ICBA’s joint proposal to reduce mortgage rates by an estimated 100 to 150 basis points is making news.

Senate hearing tomorrow on CDFIs

Oct 16, 2023 | NewsWatch Today
The Senate Banking Committee is scheduled to meet tomorrow for a subcommittee hearing on community development financial institutions.

Credit unions labeling themselves community banks: Romero Rainey

Oct 16, 2023 | NewsWatch Today
Community bankers have for years warned of the expansion of credit union powers, but Navy Federal Credit Union’s new “Community Bank” brand indicates credit unions recognize they’ve gone too far, ICBA President and CEO Rebeca Romero Rainey wrote in a recent LinkedIn post.

ICBA National Campaign Toolkit offers audio materials

Oct 16, 2023 | NewsWatch Today
The ICBA National Campaign Toolkit features numerous assets for community banks and state partners, including customizable audio ads.

The Community Bankers Association of Kansas endorses CRA Partners

Oct 16, 2023 | News
The Community Bankers Association of Kansas recently endorsed CRA Partners as a means to help reduce incidents of crime in area nursing homes, while offering banks the opportunity to earn CRA credit. CRA Partners is a subsidiary of the Independent Community Bankers of America (ICBA).

CFPB, DOJ: Law protects credit applicants regardless of immigration status

Oct 13, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau and Justice Department said in a joint statement that all credit applicants are protected from discrimination under the Equal Credit Opportunity Act, regardless of their immigration status.

CFTC charges head of failed crypto bank with fraud

Oct 13, 2023 | NewsWatch Today
The Commodity Futures Trading Commission charged the former head of failed crypto brokerage firm Voyager Digital with fraud and registration failures in connection with the digital asset platform.

Payments council releases instant payments operational guide

Oct 13, 2023 | NewsWatch Today
The U.S. Faster Payments Council released a new resource for banks working to implement instant payments.

ICBA Proposes Solution to Promote Mortgage Affordability

Oct 12, 2023 | Press Release
ICBA, Community Home Lenders of America, and National Association of REALTORS today proposed a solution to reduce historically high long-term mortgage rates relative to long-term Treasury bonds.

CFPB issues guidance on fees for providing account information

Oct 12, 2023 | NewsWatch Today
ICBA said it is reviewing new Consumer Financial Protection Bureau guidance requiring banks and credit unions over $10 billion in assets to provide account information requested by customers without charging fees.

FDIC launches deposit insurance awareness campaign

Oct 12, 2023 | NewsWatch Today
The FDIC launched a national campaign to increase the public’s awareness of deposit insurance and how it can protect people’s money in the event of a bank failure.

Bowman: Regulators should avoid harming bank viability

Oct 12, 2023 | NewsWatch Today
Banking regulators should ensure changes to the regulatory framework do not harm the long-term viability of banks, especially midsized and smaller banks, Federal Reserve Governor Michelle Bowman said.

ICBA Statement on Today’s CFPB Advisory Opinion

Oct 11, 2023 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s guidance from the Consumer Financial Protection Bureau.

Credit unions now labeling themselves community banks: Romero Rainey

Oct 11, 2023 | NewsWatch Today
Community bankers have for years warned of the expansion of credit union powers, but Navy Federal Credit Union’s new “Community Bank” brand indicates credit unions recognize they’ve gone too far, ICBA President and CEO Rebeca Romero Rainey writes in a new LinkedIn post.

Fed’s Bowman: Advocacy on CDFI proposal making a difference

Oct 11, 2023 | NewsWatch Today
Federal Reserve Board Governor Michelle Bowman recognized community banker concerns with proposed changes to the community development financial institution certification application.

ICBA supports bill to establish USDA Express loan program

Oct 11, 2023 | NewsWatch Today
ICBA expressed support for a recently introduced House bill based on an ICBA proposal to speed up approval times for USDA loans and thereby enhance access to credit in rural communities.

Agencies issue additional guidance on open-source security

Oct 11, 2023 | NewsWatch Today
The Cybersecurity and Infrastructure Security Agency and other agencies issued a fact sheet on improving security of open-source software in operational technology and industrial control systems.