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Groups join ICBA opposition to IRS reporting proposal

Groups join ICBA opposition to IRS reporting proposal ICBA and a broad coalition of business groups expressed strong opposition to a proposal that would require financial institutions to report...

Jul 29, 2021
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Article
Taxes & Budget

Jenna Burke Joins ICBA Government Relations Department as Senior Vice President and Senior Regulatory Counsel

Jenna Burke Joins ICBA Government Relations Department as Senior Vice President and Senior Regulatory Counsel The Independent Community Bankers of America announced today the hire of Jenna Burke as...

Jul 27, 2021
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Article
Advocacy

Agencies extend foreclosure moratoria

Agencies extend foreclosure moratoria The federal government extended the moratorium on single-family real estate owned evictions until Sept. 30 for Fannie Mae, Freddie Mac, the Federal Housing...

Aug 02, 2021
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Article
Advocacy Crisis Preparedness

Op-ed targets justification for IRS reporting plan

Op-ed targets justification for IRS reporting plan A new Morning Consult op-ed raises questions about the Treasury Department’s estimated tax revenue increase from its proposal to expand...

Jul 30, 2021
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Article
Taxes & Budget

Lawmakers to CFPB: Consider impact of 1071 reporting

Lawmakers to CFPB: Consider impact of 1071 reporting House Financial Services Committee Republicans called on the Consumer Financial Protection Bureau to consider the impact on small institutions...

Jul 30, 2021
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Article
Compliance

CFPB launches tool to help renters, landlords access federal assistance

CFPB launches tool to help renters, landlords access federal assistance The Consumer Financial Protection Bureau released an online tool to help renters and landlords affected by the pandemic find...

Jul 29, 2021
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Article
Compliance

Idaho Bankers Association Endorses ICBA Securities

Idaho Bankers Association Endorses ICBA Securities ICBA Securities Inc., the broker-dealer subsidiary of the Independent Community Bankers of America has received the endorsement of the Idaho...

Jul 28, 2021
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Article

ICBA, Business Coalition Oppose IRS Reporting Proposal

ICBA, Business Coalition Oppose IRS Reporting Proposal The Independent Community Bankers of America and a broad coalition of business groups today expressed strong opposition to a Treasury...

Jul 28, 2021
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Article
Taxes & Budget

Gensler: SEC regs apply to securities-backed crypto assets

Gensler: SEC regs apply to securities-backed crypto assets Securities and Exchange Commission Chair Gary Gensler said securities regulations apply to platforms that offer crypto tokens or other...

Jul 23, 2021
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Article
Fintech Regulation Securities Exchange Commission (SEC)

ICBA to Congress: Don’t raise g-fees for infrastructure funding

ICBA to Congress: Don’t raise g-fees for infrastructure funding ICBA and other organizations called on Senate infrastructure negotiators to refrain from using Fannie Mae and Freddie Mac guarantee...

Jul 23, 2021
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Article
Mortgage Rules Federal Home Loan Banks (FHLB) Housing Finance/GSEs

OCC to propose rescinding CRA rule

OCC to propose rescinding CRA rule The OCC said it will propose rescinding its May 2020 Community Reinvestment Act rule and work with other agencies on a joint rulemaking. The OCC said it will...

Jul 22, 2021
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Article
Compliance

CFPB settlement sets Sept. 30 deadline for 1071 proposal

CFPB settlement sets Sept. 30 deadline for 1071 proposal A lawsuit on the Consumer Financial Protection Bureau’s implementation of small-business data collection and reporting rules determined that...

Jul 20, 2021
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Article
Compliance

FHFA eliminates ICBA-opposed GSE fee

FHFA eliminates ICBA-opposed GSE fee ICBA welcomed the Federal Housing Finance Agency’s announcement that it will eliminate an ICBA-opposed fee on refinance loans delivered to the...

Jul 19, 2021
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Article
Federal Home Loan Banks (FHLB) Federal Housing Finance Agency Regulatory Relief

CFPB cautions consumers on ‘buy now, pay later’

CFPB cautions consumers on ‘buy now, pay later’ The Consumer Financial Protection Bureau recently published a blog post for consumers on buy-now-pay-later credit. The Consumer Financial Protection...

Jul 19, 2021
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Article
Consumer Financial Protection Bureau (CFPB) Digital Assets

ICBA launches fintech investment fund

ICBA launches fintech investment fund ICBA is forming BankTech Ventures, an investment fund designed to accelerate technology opportunities and adoption at community banks. ICBA is forming BankTech...

Jul 19, 2021
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Article
Fintech Innovation

Nacha launches program for returning unemployment benefits

Nacha launches program for returning unemployment benefits Nacha launched an opt-in program to facilitate the return and recovery of potentially fraudulent unemployment benefits originally paid by...

Jul 23, 2021
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Article
Automated Clearing House (ACH)

ICBA: Postal banking designed to fail

ICBA: Postal banking designed to fail Postal banking is a risky venture for which the U.S. Postal Service is ill suited, ICBA told Congress in its latest issue brief. Postal banking is a risky...

Jul 16, 2021
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Article
Government Banks Postal Service Banking

ICBA urges grassroots on rural lending tax relief

ICBA urges grassroots on rural lending tax relief Following the recent Senate introduction of legislation to provide rural lending tax relief, ICBA is calling on community bankers to urge their...

Jul 16, 2021
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Article
Agriculture Rural Development

Child Tax Credit payments start today

Child Tax Credit payments start today The IRS today begins distributing Advance Child Tax Credit payments authorized by the American Rescue Plan. The IRS today begins distributing Advance Child Tax...

Jul 15, 2021
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Article
Taxes & Budget

FDIC, CFPB update financial education curriculum

FDIC, CFPB update financial education curriculum The FDIC and Consumer Financial Protection Bureau released an enhanced version of the Money Smart for Older Adults financial education curriculum....

Jul 15, 2021
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Article
Consumer Financial Protection Bureau (CFPB)