Rep. Andy Barr (R-Ky.) formally introduced his ICBA-advocated bill to clarify the Consumer Financial Protection Bureau’s authority to oversee unfair, deceptive, and abusive acts and practices, known as UDAAP.
The Independent Community Bankers of America® (ICBA) hosted its first ThinkTECH Connect event, an ICBA event showcasing rapid-fire pitches from 10 emerging fintechs that address community bank pain points and business opportunities.
The Independent Community Bankers of America (ICBA) today expressed its strong support for bipartisan legislation to close the industrial loan company (ILC) loophole, which allows commercial companies to own full-service banks without the same regulatory oversight and violates U.S. policy separating banking and commerce.
ICBA expressed support for new legislation designed to bring clarity and balance to the Consumer Financial Protection Bureau’s application of its authority to oversee unfair, deceptive, and abusive acts and practices, known as UDAAP.
The Federal Reserve Bank of New York announced that former ICBA Chairman John Buhrmaster, president and CEO of 1st National Bank of Scotia, N.Y., has been elected as a Class A director representing Group 3.
The FDIC’s special committee to oversee a third-party review of the agency’s workplace culture and misconduct said it appointed the law firm of Cleary Gottlieb Steen & Hamilton LLP to conduct the independent review.