ICBA and other groups expressed support for legislation that would address concerns with recent IRS policy changes that cut off consumer and commercial lenders from the agency’s Income Verification Express Service.
Senators discussed potential reforms to the National Flood Insurance Program while acknowledging the need for a reauthorization to avoid a lapse in the program.
ICBA continues calling on community bankers to urge their members of Congress to co-sponsor bipartisan legislation designed to help protect the financial privacy of mortgage applicants.
The Cybersecurity and Infrastructure Security Agency and other national and international agencies released joint guidance on using artificial intelligence systems securely.
A new Consumer Financial Protection Bureau proposed rule to restrict the use of non-sufficient-funds fees is another example of the bureau imposing arbitrary price controls that would distort market discipline, ICBA said.
The Federal Reserve Board said the Bank Term Funding Program will cease making new loans as scheduled on Monday, March 11. The program will continue to make loans until that date.
