Independent Community Bankers of America® (ICBA) President and CEO Camden R. Fine released the following statement on bipartisan support for allowing Fannie Mae and Freddie Mac to rebuild capital.
The Independent Community Bankers of America® (ICBA) today called on the Consumer Financial Protection Bureau (CFPB) to use its authority to exempt community banks from new data-collection and -reporting requirements on small business lending.
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The Consumer Financial Protection Bureau finalized an ICBA-supported rule providing creditors with additional flexibility in collecting and retaining information about the ethnicity, sex and race of certain mortgage applicants.
The CFPB separately released for public comment proposed guidance describing the loan-level HMDA data it proposes to make available to the public beginning in 2019.
The FDIC encouraged depository institutions to consider all reasonable and prudent steps to assist customers in communities affected by Hurricane Irma
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