Agencies respond to ICBA push on asset thresholds

Nov 23, 2020 | NewsWatch Today Article
Federal regulators announced ICBA-advocated relief from regulatory burdens caused by participating in federal coronavirus response programs.

ICBA calling for lame-duck grassroots

Nov 23, 2020 | NewsWatch Today Article
ICBA is calling on community bankers to urge Congress to pass much-needed economic stimulus measures during the lame-duck session.

ICBA seeks comment extension on OCC charter applications

Nov 23, 2020 | NewsWatch Today Article
ICBA and other groups asked the OCC to extend the comment period on two national bank charter applications with Dec. 7 deadlines.

ICBA pushes back on PPP 'loan necessity' questionnaire

Nov 18, 2020 | NewsWatch Today Article
ICBA raised questions about an SBA "loan necessity" questionnaire for Paycheck Protection Program loans of $2 million or more that appears to go against the language of the CARES Act.

Shelton nomination doesn't advance as Brooks gets OCC nod

Nov 18, 2020 | NewsWatch Today Article
Judy Shelton's Federal Reserve Board nomination failed to advance in the Senate as supportive Republican Sens. Charles Grassley (Iowa) and Rick Scott (Fla.) quarantined due to COVID-19 exposure.

ICBA guide details EIDL lien requirements

Nov 18, 2020 | NewsWatch Today Article
ICBA is reminding community bankers about the procedures for renewing or refinancing a line of credit for a borrower with an Economic Injury Disaster Loan.

FHFA issues 2021 multifamily loan purchase caps

Nov 18, 2020 | NewsWatch Today Article
The Federal Housing Finance Agency said the 2021 multifamily loan purchase caps for Fannie Mae and Freddie Mac will be $70 billion for each enterprise.

ICBA ThinkTECH Accelerator 2021 registration open

Nov 17, 2020 | NewsWatch Today Article
Registration is now open for ICBA ThinkTECH Accelerator 2021, ICBA's collaboration with The Venture Center to foster innovative products and services for community banks.

Advocacy push continues during lame-duck Congress

Nov 17, 2020 | NewsWatch Today Article
While the 116th Congress winds down in the coming weeks, ICBA's efforts to pass much-needed economic stimulus measures continue unabated, ICBA's Paul Merski writes in a new Main Street Matters post.

OCC rule updates licensing requirements

Nov 17, 2020 | NewsWatch Today Article
The OCC released a final rule updating and clarifying licensing policies and procedures. The final rule makes various changes to the OCC’s Rules, Policies, and Procedures for Corporate Activities, 12 CFR part 5.

CFPB, Colorado AG hosting joint office hours

Nov 17, 2020 | NewsWatch Today Article
The Consumer Financial Protection Bureau and Office of the Colorado Attorney General announced joint office hours focused on financial innovation on Dec. 2.

Post-election briefing recording available

Nov 16, 2020 | NewsWatch Today Article
A recording of ICBA's latest Community Bank Briefing featuring a post-election and regulatory update is available for download.

Fed removes some coin allocation caps

Nov 16, 2020 | NewsWatch Today Article
The Federal Reserve removed coin allocations for pennies and quarters while raising caps for nickels and dimes by 25 percent as Reserve Bank coin inventories near pre-pandemic levels.

CFPB issues debt-collection compliance guide

Nov 16, 2020 | NewsWatch Today Article
The Consumer Financial Protection Bureau released a guide on its compliance aids related to its final rule implementing the Fair Debt Collection Practices Act.

ICBA offers new custom grassroots message

Nov 13, 2020 | NewsWatch Today Article
ICBA this week launched a new customizable grassroots message for community bankers urging Congress to include common-sense policies in any economic stimulus package.

Payment info in credit reports varies by account type: CFPB

Nov 13, 2020 | NewsWatch Today Article
The share of installment-loan credit accounts with payment amount information furnished to credit reporting agencies has trended upward to more than 90 percent, the Consumer Financial Protection Bureau reported.

CFPB issues resources on housing help

Nov 13, 2020 | NewsWatch Today Article
The Consumer Financial Protection Bureau released brochures, videos, and other resources to help consumers seeking mortgage and housing assistance during the coronavirus national emergency.

Visa American Mood Trends Report (November 2020)

Nov 10, 2020 | News
The Visa Business and Economics Insights team reports on consumer confidence in October.

DOJ sues to block Visa acquisition of Plaid

Nov 6, 2020 | NewsWatch Today Article
The Justice Department sued Visa to stop its $5.3 billion acquisition of Plaid, a fintech firm. The DOJ said Visa is a monopolist in online debit services while Plaid is developing a payments platform that would challenge Visa’s monopoly.

CFPB grants no-action letter for BofA small-dollar products

Nov 6, 2020 | NewsWatch Today Article
The Consumer Financial Protection Bureau granted a no-action letter to Bank of America for certain small-dollar credit products for BofA customers.