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The ICBA Newsroom collects and centralizes all the NewsWatch Today articles, press releases, blog posts, advocacy letters and other news that impacts community bankers.

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Credit union acquisition pressure grows

Congress is under increasing pressure to investigate credit union acquisitions of community banks, ICBA President and CEO Rebeca Romero Rainey wrote in a recent article on LinkedIn.
July 06, 2021 | ICBA NewsWatch Today   Credit Unions 

CFPB releases Spanish-language mortgage disclosures

The Consumer Financial Protection Bureau released a Spanish-language translation of certain model clauses available for use in early-intervention written notices issued under its mortgage-servicing rules.
July 06, 2021 | ICBA NewsWatch Today   Compliance Compliance Mortgage Rules 

Treasury again extends MDI, CDFI program

The Treasury Department will again extend the deadline to submit applications under its program to invest $9 billion in Minority Depository Institutions (MDIs) and Community Development Financial Institutions.
July 06, 2021 | ICBA NewsWatch Today   MDI 

FHFA issues fair lending policy statement

The Federal Housing Finance Agency issued a policy statement on its commitment to comprehensive fair lending oversight of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.
July 02, 2021 | ICBA NewsWatch Today   Compliance FHLB 

Nominations open for Best Community Banks to Work For awards

ICBA’s Independent Banker magazine opened nominations for its 2021 Best Community Banks to Work For awards.
July 02, 2021 | ICBA NewsWatch Today  

Fed to launch CECL tool for community banks

The Federal Reserve said it will release a new tool this month to help community banks implement the Current Expected Credit Losses accounting standard.
July 02, 2021 | ICBA NewsWatch Today   CECL Audit 

FinCEN issues AML/CFT priorities

The Financial Crimes Enforcement Network issued the first government-wide priorities for anti-money-laundering and counter-financing-terrorism policy.
July 01, 2021 | ICBA NewsWatch Today   Compliance 

IRS enables direct deposit updates for Child Tax Credit payments

The IRS upgraded an online tool to enable families to update their bank account information so they can receive their monthly Child Tax Credit payment.
July 01, 2021 | ICBA NewsWatch Today   Taxes & Budget 

CFPB reports on 2020 consumer reporting, servicing violations

The Consumer Financial Protection Bureau issued a report highlighting legal violations identified by bureau examinations in 2020.
June 30, 2021 | ICBA NewsWatch Today   Compliance 

HUD proposes restoring ‘disparate impact’ rule

The Department of Housing and Urban Development recently proposed rescinding its 2020 rule interpreting the Fair Housing Act’s "disparate impact" standard and restoring its 2013 rule on discriminatory effects.
June 30, 2021 | ICBA NewsWatch Today   Compliance 

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