Lawmakers to CFPB: Consider impact of 1071 reporting

Jul 30, 2021 | NewsWatch Today
House Financial Services Committee Republicans called on the Consumer Financial Protection Bureau to consider the impact on small institutions as it develops a proposed rule on small-business data collection and reporting.

House committee advances LIBOR, de novo bills

Jul 30, 2021 | NewsWatch Today
The House Financial Services Committee this week advanced key ICBA-supported LIBOR and de novo bills.

SBA issues rule to expedite PPP forgiveness

Jul 29, 2021 | NewsWatch Today
The SBA issued an interim final rule designed to speed up the forgiveness process for Paycheck Protection Program loans of $150,000 or less.

CFPB launches tool to help renters, landlords access federal assistance

Jul 29, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau released an online tool to help renters and landlords affected by the pandemic find and apply for payment assistance for rent, utilities, and other expenses.

Groups join ICBA opposition to IRS reporting proposal

Jul 29, 2021 | NewsWatch Today
ICBA and a broad coalition of business groups expressed strong opposition to a proposal that would require financial institutions to report information on customer bank accounts to the IRS.

Idaho Bankers Association Endorses ICBA Securities

Jul 28, 2021 | Press Release
ICBA Securities Inc., the broker-dealer subsidiary of the Independent Community Bankers of America has received the endorsement of the Idaho Bankers Association.

ICBA, Business Coalition Oppose IRS Reporting Proposal

Jul 28, 2021 | Press Release
The Independent Community Bankers of America and a broad coalition of business groups today expressed strong opposition to a Treasury Department proposal that would require financial institutions to report information on customer bank accounts to the IRS.

Jenna Burke Joins ICBA Government Relations Department as Senior Vice President and Senior Regulatory Counsel

Jul 27, 2021 | Press Release
The Independent Community Bankers of America announced today the hire of Jenna Burke as senior vice president and senior regulatory counsel.

Gensler: SEC regs apply to securities-backed crypto assets

Jul 23, 2021 | NewsWatch Today
Securities and Exchange Commission Chair Gary Gensler said securities regulations apply to platforms that offer crypto tokens or other products that are priced off the value of securities and operate like derivatives.

Nacha launches program for returning unemployment benefits

Jul 23, 2021 | NewsWatch Today
Nacha launched an opt-in program to facilitate the return and recovery of potentially fraudulent unemployment benefits originally paid by ACH credits.

ICBA to Congress: Don’t raise g-fees for infrastructure funding

Jul 23, 2021 | NewsWatch Today
ICBA and other organizations called on Senate infrastructure negotiators to refrain from using Fannie Mae and Freddie Mac guarantee fees as a source of funding.

OCC to propose rescinding CRA rule

Jul 22, 2021 | NewsWatch Today
The OCC said it will propose rescinding its May 2020 Community Reinvestment Act rule and work with other agencies on a joint rulemaking.

CFPB settlement sets Sept. 30 deadline for 1071 proposal

Jul 20, 2021 | NewsWatch Today
A lawsuit on the Consumer Financial Protection Bureau’s implementation of small-business data collection and reporting rules determined that the bureau will issue a proposed rulemaking by Sept. 30, 2021, according to the Ballard Spahr law firm.

FHFA eliminates ICBA-opposed GSE fee

Jul 19, 2021 | NewsWatch Today
ICBA welcomed the Federal Housing Finance Agency’s announcement that it will eliminate an ICBA-opposed fee on refinance loans delivered to the government-sponsored enterprises.

CFPB cautions consumers on ‘buy now, pay later’

Jul 19, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau recently published a blog post for consumers on buy-now-pay-later credit.

ICBA launches fintech investment fund

Jul 19, 2021 | NewsWatch Today
ICBA is forming BankTech Ventures, an investment fund designed to accelerate technology opportunities and adoption at community banks.

ICBA Promotes Mike DeVoll to Assistant Vice President, Marketing Strategy and Execution

Jul 16, 2021 | Press Release
The Independent Community Bankers of America today announced Mike DeVoll’s promotion to assistant vice president of marketing strategy and execution.

ICBA Welcomes End of FHFA Refinance Fee

Jul 16, 2021 | Press Release
Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on today's Federal Housing Finance Agency announcement on the Adverse Market Refinance Fee.

ICBA: Postal banking designed to fail

Jul 16, 2021 | NewsWatch Today
Postal banking is a risky venture for which the U.S. Postal Service is ill suited, ICBA told Congress in its latest issue brief.

ICBA urges grassroots on rural lending tax relief

Jul 16, 2021 | NewsWatch Today
Following the recent Senate introduction of legislation to provide rural lending tax relief, ICBA is calling on community bankers to urge their lawmakers in both chambers of Congress to co-sponsor the measure.