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ICBA urging grassroots messages opposing Durbin Amendment expansion

Sep 23, 2022 | NewsWatch Today
With ICBA-opposed legislation to expand on the Durbin Amendment now introduced in both the House and Senate, ICBA is calling on community bankers to continue the grassroots campaign against the anti-consumer bill.

Report on bank compensation survey now available

Sep 23, 2022 | NewsWatch Today
The 2022 Crowe Bank Compensation Survey Report—which provides insights on compensation, human resources, and benefits—is now available for purchase.

CFPB looks to spur automated mortgage refinancing, forbearance

Sep 23, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau requested feedback on ways to spur new mortgage products that streamline and automate loan refinancing.

Nacha announces framework to fight credit-push fraud

Sep 23, 2022 | NewsWatch Today
Nacha released a new strategy for payments industry participants to address scams that deceive consumers into sending payments to fraudsters under false pretenses.

ICBA urges House to reject Durbin Amendment expansion

Sep 22, 2022 | NewsWatch Today
ICBA told House leaders it strongly opposes the Credit Card Competition Act of 2022 (H.R. 8874), controversial legislation to create new credit card routing mandates that expand on Durbin Amendment interchange restrictions.

Fed raises rates as projections reflect impact

Sep 22, 2022 | NewsWatch Today
The Federal Open Market Committee raised the federal funds rate target by another 75 basis points and released updated projections reflecting the impact of its campaign against inflation.

Treasury announces Emergency Capital Investment Program recipients

Sep 22, 2022 | NewsWatch Today
The Treasury Department announced that it has made over $8.28 billion of investments in 162 community financial institutions across the country through the Emergency Capital Investment Program.

As feds report on digital assets, ICBA poll suggests consumer skepticism

Sep 19, 2022 | NewsWatch Today
Following the Biden administration’s release of reports on digital assets policy, ICBA released new polling conducted by Morning Consult indicating consumers support a regulatory framework for digital assets and are skeptical of the creation of a U.S. central bank digital currency.

Article, campaign spotlight harmful impact of Durbin Amendment expansion

Sep 19, 2022 | NewsWatch Today
ICBA-opposed legislation to create new credit card routing mandates that expand on Durbin Amendment payments interventions would dramatically affect credit card rewards programs, according to a new report from The Points Guy.

ICBA ThinkTECH alums earn Finovate honors

Sep 19, 2022 | NewsWatch Today
ICBA and The Venture Center recognized this year’s Finovate Fall 2022 Best of Show winners, LemonadeLXP and Quilo, both of which were 2022 ICBA ThinkTECH Accelerator participants.

CFPB planning standards for nonbank ‘buy now, pay later’ lenders

Sep 16, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau said it is developing consumer protections for “buy now, pay later” products similar to those that apply to credit cards.

ICBA urges National Flood Insurance Program extension

Sep 16, 2022 | NewsWatch Today
ICBA called on Congress to extend the National Flood Insurance Program authorization before it expires Sept. 30 to avoid further disruptions to the housing market.