ICBA Statement on Committee Passage of the Close the ILC Loophole Act

Jun 23, 2022 | Press Release
ICBA and the nation’s community banks strongly support the Close the ILC Loophole Act (H.R. 5912) and thank Reps. Chuy Garcia (D-Ill.) and Lance Gooden (R-Texas) for introducing this important legislation.

Committee set to vote on ILC bill after pulling overdraft measure

Jun 23, 2022 | NewsWatch Today
The House Financial Services Committee today is set to vote on ICBA-advocated legislation to close the industrial loan company loophole after pulling an ICBA-opposed bill to implement overdraft restrictions.

CFPB initiates review of credit card late fees

Jun 23, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau issued an advance notice of proposed rulemaking to reopen CARD Act rules that regulate how much financial firms can charge in credit card late fees.