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OCC updates booklet on branch closings
The OCC issued the “Branch Closings” booklet of the Comptroller’s Licensing Manual. The revised booklet replaces the booklet of the same title issued June 2017, makes corrections where...
ICBA Rejects President Biden’s Misleading Remarks on ‘Junk Fees’ During State of the Union Address
Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on President Joe Biden’s State of the Union address.
FHA Single Family Housing Policy Feedback: Single Family Mortgagee Letter - Borrower Request for Review of Appraisal Results
ICBA called on the Department of Housing and Urban Development to clarify lender obligations under draft guidance on borrower requests for Reconsideration of Value, or ROV, of appraised properties...
ICBA: CFPB credit card proposal misrepresents community bank model
ICBA raised concerns with a new Consumer Financial Protection Bureau proposed rule on credit card late fees and the bureau’s mischaracterizations of community bank credit card lending.
FDIC issues update on amended HMDA threshold
The FDIC issued a Financial Institution Letter on changes to the loan-origination threshold for reporting Home Mortgage Disclosure Act data on closed-end mortgage loans following a recent court...
Politico spotlights ‘powerful’ ICBA push for crypto oversight
ICBA’s push for policymakers to rein in the crypto industry as part of its agenda for the 118th Congress made headlines in Politico.
SEC rethinking climate disclosure proposal: report
The Securities and Exchange Commission is considering “softening” its ICBA-opposed proposed rule to institute climate-related investor disclosures, according to The Wall Street Journal.
House, Senate committee hearings underway this week
The House and Senate’s banking committees this week are scheduled to host their first hearings of the 118th Congress.
ICBA requests clarity on HUD appraisal guidance
ICBA called on the Department of Housing and Urban Development to clarify lender obligations under draft guidance on borrower requests for Reconsideration of Value, or ROV, of appraised properties...
Proposal would require banks to verify U.S. Treasury checks
The Treasury Department’s Bureau of the Fiscal Service issued a proposed rule to amend its regulations governing the payment of checks drawn on the U.S. Treasury.
Fed raises interest rates 25 basis points
The Federal Open Market Committee raised the federal funds rate target by 25 basis points to a range of 4.5% to 4.75%.
ICBA: Credit Card Proposal Raises Questions About CFPB’s Recognition of Community Bank Business Model
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Consumer Financial Protection Bureau proposed rule on credit card...
ICBA Delivers Policy Priorities to 118th Congress
The Independent Community Bankers of America (ICBA) today shared its policy priorities for the 118th Congress with members of the House and Senate.
Digital transformation webinar series continues tomorrow
ICBA’s Digital Transformation Demystified webinar series continues tomorrow with part three on building or perfecting a digital transformation plan.
House Financial Services Committee announces majority staff
House Financial Services Committee Chairman Patrick McHenry (R-N.C.) announced the panel’s majority staff for the 118th Congress.
ICBA urges CFPB to limit burden of rulemaking on consumer data
ICBA called on the Consumer Financial Protection Bureau to limit the regulatory burden of its pending rulemaking to establish standards for sharing consumer financial data.
ICBA meets with Waters on CDFI certification changes
ICBA continued its campaign opposing changes to the Community Development Financial Institution certification application during a meeting with House Financial Services Committee Ranking Member...
OCC issues bulletin on amended HMDA threshold
The OCC issued a bulletin on changes to the loan-origination threshold for reporting Home Mortgage Disclosure Act data on closed-end mortgage loans following a recent court decision.
FDIC extends deadline on proposed updates to logo rules
The FDIC extended by 45 days the public comment period for proposed changes to its regulations relating to the FDIC’s official sign, official advertising statement, deposit insurance...
ICBA supports federal actions to mitigate nonbank risks
ICBA said it supports several federal actions announced Friday that will help mitigate the risks posed by special-purpose depository institutions and digital assets.