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The Consumer Financial Protection Bureau issued guidance directing consumer reporting companies to take necessary steps to detect and remove conflicting or nonsensical “junk data” from consumer credit reports.
Consumer reporting company’s policies, procedures, and internal controls should further identify and prevent reporting of illegitimate credit transactions for minors, who are often victims of identity theft, the Bureau noted.
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A federal appeals court ruled that the Consumer Financial Protection Bureau's funding method is unconstitutional.
ImageOct 21, 2022
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s FDIC board vote approving an ICBA-opposed proposal to dramatically increase deposit insurance assessments.
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Oct 18, 2022
The Independent Community Bankers of America (ICBA) and its affiliated state associations along with other banking organizations today called on the Federal Housing Finance Agency to align its capital rules with those of the federal banking agencies to avoid penalizing community banks for supporting local communities during the COVID-19 pandemic.
ImageOct 18, 2022
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