After the Senate Banking Committee advanced the nomination of Michelle Bowman to be the Federal Reserve’s vice chair for supervision, ICBA urged the full Senate to approve Bowman for the role.
Security recently debuted as the latest discussion group to be added to ICBA Community—the exclusive digital network for ICBA members—and it already boasts almost 80 members.
The Consumer Financial Protection Bureau’s 1071 small-business rule and its implementation deadlines remain on hold for ICBA community banks amid ongoing litigation and a bureau review of the rule.
With the latest interstate acquisition of a tax-paying community bank by tax-exempt credit unions extending into Montana, ICBA said it is time for the increasing criticism of credit union tax and regulatory exemptions to finally result in policymaker action.
The Consumer Financial Protection Bureau joined other groups in asking a federal court to scrap a regulation barring consumer credit reports from including medical debt.
ICBA told the OCC that as banks and fintechs increasingly collaborate, it is essential that regulators adopt policies that recognize the benefits of these partnerships and address emerging risks in a thoughtful, proportionate manner.
The Consumer Financial Protection Bureau announced that it will deprioritize enforcement of its 1071 small-business lending rule for entities not currently protected by a 5th Circuit Court order.
