ICBA seeks delay in non-coronavirus rulemakings

ICBA called on federal financial services regulators to delay all non-coronavirus-related rulemakings and comment period deadlines for at least 180 days.

In a letter to the agencies, ICBA said the COVID-19 emergency demands the full attention and resources of all government entities and industries.

ICBA cited outstanding rulemakings on reforming Community Reinvestment Act rules, brokered deposit restrictions, and credit union oversight, among others.

The National Credit Union Administration on Monday said it is delaying for 60 days the comment deadline on its proposed rule to provide more transparency and disclosures when credit unions acquire bank assets.