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ICBA: GSE disclosures key, but conservatorship must be addressed
ICBA said that while it supports robust financial disclosures for Fannie Mae and Freddie Mac, it is concerned that the government-sponsored enterprises seem to be in a perpetual conservatorship....
CFPB updates HMDA, TILA asset thresholds
CFPB updates HMDA, TILA asset thresholds The Consumer Financial Protection Bureau issued two annual threshold adjustment final rules under the Home Mortgage Disclosure Act and Truth in Lending Act,...
ICBA Statement on Community Bank Leverage Ratio Guidance
ICBA continues advocating an extension of CBLR relief Washington, D.C. (Dec. 22, 2021) — Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following...
ICBA updates marketing communications toolkit for 2022
ICBA updates marketing communications toolkit for 2022 ICBA updated its complimentary "Tell Your Story" Marketing Communications Toolkit for 2022 to help community banks plan for the year ahead....
1071 comment letter deadline nears
The deadline for ICBA’s grassroots comment letter campaign on the Consumer Financial Protection Bureau’s 1071 data collection and reporting requirements is rapidly approaching. Deadline: Community...
New ICBA podcast recaps opposition to Omarova nomination
New ICBA podcast recaps opposition to Omarova nomination The latest episode of ICBA’s Communities of Innovation podcast focuses on ICBA’s public opposition to professor Saule Omarova’s nomination...
OSHA updates employer mandate compliance dates following court ruling
The Occupational Safety and Health Administration updated the compliance dates for its COVID-19 vaccine mandate for employers with 100 or more employees following a court ruling allowing it to...
New ICBA podcast focuses on fraud prevention
New ICBA podcast focuses on fraud prevention The third episode of ICBA’s Communities of Innovation podcast focuses on fraud-prevention strategies and partnerships. Details: In the latest edition of...
OCC issues revised HMDA exam procedures
OCC issues revised HMDA exam procedures The OCC issued revised interagency Home Mortgage Disclosure Act examination procedures for determining HMDA compliance. The new procedures update interagency...
Court rules in favor of employer vaccine mandate
2021-12-20 Court rules in favor of employer vaccine mandate A federal appeals court ruled that the Biden administration’s COVID-19 vaccine mandate for employers with 100 or more employees may...
Complete 1071 grassroots resources available
Complete 1071 grassroots resources available ICBA offers comprehensive resources for its grassroots comment letter campaign on the Consumer Financial Protection Bureau’s 1071 data collection and...
OCC seeks feedback on climate principles for large banks
2021-12-17 OCC seeks feedback on climate principles for large banks The OCC requested feedback on draft principles designed to help identify and manage climate-related financial risks at...
Agencies adjust CRA asset thresholds
Agencies adjust CRA asset thresholds Federal regulators announced the annual adjustment to Community Reinvestment Act thresholds. Effective Jan. 1, the “small bank” or “small savings association”...
ICBA, The Venture Center Announce 2022 Fintech Cohort Lineup for Kickoff Event
ICBA and The Venture Center, in partnership with the State of Arkansas, will formally introduce the 11 growth-stage fintech companies selected for the 2022 ICBA ThinkTECH Accelerator program.
Senate, House continue pushback on SBA direct lending
Senate, House continue pushback on SBA direct lending ICBA’s grassroots campaign against efforts to authorize SBA direct lending under its 7(a) loan program got a boost Tuesday in the Senate and...
McWilliams denies including merger review vote in FDIC minutes
2021-12-15 McWilliams denies including merger review vote in FDIC minutes FDIC Chairman Jelena McWilliams denied a request by Consumer Financial Protection Bureau Director Rohit Chopra to include...
As Senate meets on stablecoins, ICBA urges coordinated approach
As Senate meets on stablecoins, ICBA urges coordinated approach Policymakers should take a comprehensive, coordinated regulatory approach to stablecoins and other digital assets, ICBA told the...
CFPB updates electronic fund transfer FAQs
2021-12-15 CFPB updates electronic fund transfer FAQs The Consumer Financial Protection Bureau updated its frequently asked questions on electronic fund transfers. The FAQs relate to compliance...
FinCEN seeks comments on modernizing AML/CFT regime
FinCEN seeks comments on modernizing AML/CFT regime The Financial Crimes Enforcement Network requested comments on updating the U.S. anti-money-laundering and countering-the-financing-of-terrorism...
OCC issues final rule rescinding CRA rule
2021-12-15 OCC issues final rule rescinding CRA rule The OCC issued a final rule to rescind its June 2020 Community Reinvestment Act rule and reinstate the 1995 interagency CRA rule. Details:...
1071 campaign now open to small-biz customers
1071 campaign now open to small-biz customers ICBA is calling on community bankers to enlist their small-business customers in the industry’s comment letter campaign on the Consumer Financial...
1071 leads CFPB rulemaking agenda
The Consumer Financial Protection Bureau released its fall 2021 agenda of regulatory matters it plans to pursue through Oct. 31, 2022. Details: The agenda includes: Section 1071 small-business data...
Small-biz customers can now join 1071 campaign
Small-biz customers can now join 1071 campaign ICBA is calling on community bankers to enlist their small-business customers in the industry’s comment letter campaign on the Consumer Financial...
CISA warns of Java logging library vulnerability
The Cybersecurity and Infrastructure Security Agency urged the private and public sectors to actively address a critical vulnerability that a growing set of threat actors are exploiting. Details:...
Recording of 1071 grassroots briefing available
Recording of 1071 grassroots briefing available Community bankers can access an on-demand recording of yesterday’s ICBA briefing on its campaign targeting the Consumer Financial Protection Bureau’s...
CFPB report spotlights mortgage, payday, remittance violations
The Consumer Financial Protection Bureau released its Supervisory Highlights report for the first half of 2021, which spotlights legal violations identified during exams of financial institutions...
House passes ICBA-backed LIBOR transition bill
House passes ICBA-backed LIBOR transition bill The House passed ICBA-supported legislation to support the transition from LIBOR to alternative reference rates. Bill: The Adjustable Interest Rate...
ICBA 1071 advocacy briefing today
ICBA is hosting a complimentary briefing on its campaign targeting the Consumer Financial Protection Bureau’s Section 1071 proposal at 3 p.m. (Eastern time) today, Dec. 9. Details: The briefing...
ICBA-opposed Omarova nomination withdrawn
ICBA-opposed Omarova nomination withdrawn Law professor Saule Omarova withdrew her nomination to lead the Office of the Comptroller of the Currency following public opposition by ICBA and...
From the CEO: ICBA and Community Banker Leadership Prevails Again
From the CEO: ICBA and Community Banker Leadership Prevails Again 2021-12-13 By Rebeca Romero Rainey As we look toward the close of what has been another unforgettable year, I am once again...
IMF researchers urge global crypto regulatory regime
IMF researchers urge global crypto regulatory regime A new International Monetary Fund article urges regulators across the globe to develop comprehensive international standards for digital assets....
ICBA backs bill to extend CBLR relief
ICBA expressed support for legislation to allow federal banking regulators to implement a community bank leverage ratio of 8-8.5% through 2024. Background: As required by the CARES Act, the...
As crypto CEOs testify, ICBA urges coordinated regulatory approach
2021-12-09 As crypto CEOs testify, ICBA urges coordinated regulatory approach With cryptocurrency CEOs testifying before Congress, ICBA called on policymakers to enact a comprehensive, coordinated...
CFPB issues final rule on LIBOR transition
CFPB issues final rule on LIBOR transition The Consumer Financial Protection Bureau finalized a rule facilitating the transition away from the LIBOR interest rate index for consumer financial...
HUD issues guidance on special-purpose credit programs
2021-12-08 HUD issues guidance on special-purpose credit programs The Department of Housing and Urban Development released guidance clarifying that special-purpose credit programs that conform with...
Multi-Factor Authentication – Widely Adopted, Effective Protection
Multi-Factor Authentication – Widely Adopted, Effective Protection Static passwords alone are no longer a viable tool for identifying customers. With payments fraud rising year after year, and...
FinCEN proposes rule to implement beneficial owner reforms
2021-12-08 FinCEN proposes rule to implement beneficial owner reforms The Financial Crimes Enforcement Network issued a proposed rule to implement ICBA-advocated beneficial ownership reporting...
ICBA Statement on the Withdrawal of Saule Omarova’s OCC Nomination
2021-12-07 Capitol Building Square Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the withdrawal of Cornell University law...
Understanding Velocity BIN Attacks and How to Address Them
2021-12-07 Understanding Velocity BIN Attacks and How to Address Them It’s Friday night and you are enjoying your well-deserved, stress-free night when your work phone rings. It’s your call center...
Telltale signs to avoid becoming a victim of a social engineering attack
Telltale signs to avoid becoming a victim of a social engineering attack The financial services industry is constantly under siege against would-be fraudsters seeking to exploit...