The Senate fell short of the two-thirds majority needed to override President Joe Biden’s veto of a resolution to overturn the Consumer Financial Protection Bureau’s Section 1071 rule, despite mustering a bipartisan majority.
With senators pushing for a hearing as soon as next month on ICBA-opposed legislation to impose credit card routing restrictions, ICBA is calling on community bankers to urge their members of Congress to oppose the measure.
ICBA expressed support for a Consumer Financial Protection Bureau proposed rule that would establish bureau oversight of Big Tech firms and other large nonbank tech companies that offer payments services.
CRA Partners, a subsidiary of the Independent Community Bankers of America (ICBA), announced the addition of CRA support services under an agreement with Michael P. Wallace of Wallace Consulting Co. LLC to help community banks meet new Community Reinvestment Act requirements.
With lawmakers returning to Washington for the second session of the 118th Congress, ICBA is calling on community bankers to continue urging their members of Congress to co-sponsor legislation to support lending in rural communities.
Interagency climate risk principles for institutions with at least $100 billion in assets illustrate banking regulators’ lost focus on core financial risks, Federal Reserve Governor Michelle Bowman said.
The Consumer Financial Protection Bureau said its filing period for Home Mortgage Disclosure Act data collected in 2023 opened on Jan. 1. Submissions will be considered timely if received on or before Friday, March 1.