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The ICBA Newsroom collects and centralizes all the NewsWatch Today articles, press releases, Main Street Matters blogs, advocacy letters and other news that impacts community bankers.

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ICBA: CFPB should narrow 1071 reporting plan

The Consumer Financial Protection Bureau's outline of proposals for implementing small-business data collection and reporting rules is too broad and should be narrowed, ICBA said.
December 15, 2020 | ICBA NewsWatch Today   Consumer Financial Protection Bureau 

Bipartisan stimulus proposal includes ICBA priorities

Draft proposed legislation released by a bipartisan group of lawmakers includes ICBA-advocated stimulus priorities.
December 15, 2020 | ICBA NewsWatch Today   Advocacy Crisis Preparedness Lending 

Romero Rainey: Act now on stimulus push

ICBA President and CEO Rebeca Romero Rainey called on community bankers to make a final push for Congress to pass an economic relief package with key stimulus priorities.
December 15, 2020 | ICBA NewsWatch Today   Advocacy Crisis Preparedness Lending 

ICBA Response to the CFPB’s Outline of Proposals for 1071

The Independent Community Bankers of America welcomes the opportunity to comment on the Consumer Financial Protection Bureau’s Outline of Proposals under consideration to implement the small business lending data collection requirements under Section 1071 of the Dodd-Frank Act.
December 14, 2020 | News   Commerce & Banking 

FDIC board meeting on ILC parent companies, brokered deposits

The FDIC board of directors is set to meet tomorrow to vote on a final rule to codify its capital, liquidity and source-of-strength requirements for industrial loan company parent companies.
December 14, 2020 | ICBA NewsWatch Today   Lending 

ICBA, state groups continue push for EIDL fix

ICBA and 44 state community banking associations called on Congress to fully forgive Economic Injury Disaster Loan Advances for recipients who also have a Paycheck Protection Program loan.
December 14, 2020 | ICBA NewsWatch Today   Advocacy Crisis Preparedness Lending 

McWilliams touts "continuous engagement" oversight approach

More regular and informal meetings between banks and regulators to discuss operations and emerging risks could reduce the need for cumbersome quarterly reporting, FDIC Chairman Jelena McWilliams said.
December 14, 2020 | ICBA NewsWatch Today   Regulatory Relief 

CFPB finalizes QM reforms

The Consumer Financial Protection Bureau finalized rules addressing the pending expiration of the "GSE Patch," which exempts Fannie Mae and Freddie Mac mortgage loans from parts of the bureau's Qualified Mortgage rule.
December 11, 2020 | ICBA NewsWatch Today   Compliance 

Senate vote on 'beneficial owner' reform as soon as today

The Senate is expected to vote as soon as today on a compromise defense spending bill that includes a key step toward ICBA-advocated relief from "beneficial ownership" disclosure mandates.
December 11, 2020 | ICBA NewsWatch Today   BSA/AML 

Time running out on stimulus grassroots

With Congress running out of time to pass a stimulus package by year-end, ICBA is calling on community bankers to reach out to their lawmakers and enlist small-business customers on outstanding priorities.
December 11, 2020 | ICBA NewsWatch Today   Advocacy Crisis Preparedness Lending 

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