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ICBA expressed support for newly reintroduced House legislation that would require a thorough cost-benefit analysis for proposed Consumer Financial Protection Bureau rules.
Details: Introduced by Rep. Alex Mooney (R-W.Va.), the Transparency in CFPB Cost-Benefit Analysis Act (H.R. 1313) is designed to stop regulatory overreach by the CFPB and provide regulatory relief to community banks and other institutions.
ICBA Support: In a letter and in a news release from Mooney’s office, ICBA President and CEO Rebeca Romero Rainey said the bill would help ensure new CFPB rules are not overly burdensome, costly, or counterproductive.
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ICBA called on the federal government to support and prioritize research on the specific effects of digital assets on community banks and their customers.
ImageMar 6, 2023
ICBA is encouraging community bankers to call on the Consumer Financial Protection Bureau to adopt an ICBA proposal to improve mortgage disclosures required under TILA-RESPA Integrated Disclosure rules.
ImageMar 3, 2023
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the 2022 earnings releases from Fannie Mae and Freddie Mac.
ImageMar 3, 2023
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