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OCC: Banks in Florida, Georgia affected by Hurricane Debby can close
The OCC issued a proclamation allowing national banks, federal savings associations, and federal branches to close offices in areas of Florida and Georgia affected by Hurricane Debby.
Ohio Community Banker Named TCM Bank Chairman
TCM Bank, N.A., the credit card bank of ICBA Payments, announced the election of new board members.
ICBA: New FHLBank lending restrictions will reduce access to home loans
A recent Federal Home Loan Bank of New York decision to impose new reporting requirements on member banks will restrict access to home loans, ICBA said.
ICBA continues seeking feedback on check fraud
ICBA continues encouraging community bankers to share their experiences and input on the challenge of check fraud.
ICBA: New Federal Home Loan Bank Lending Restrictions Will Harm Access to Home Loans
The Independent Community Bankers of America (ICBA) today issued the following statement on the Federal Home Loan Bank of New York’s recent announcement that it will restrict lending by its member...
ICBA: FHLBanks’ mission should not be changed
ICBA told the Federal Housing Finance Agency that the Federal Home Loan Banks’ mission is clear and does not need to be substantially changed or clarified.
FDIC holding second signage webinar for bank officers
The FDIC this month is scheduled to hold the second of four webinars for bank officers and employees on its final rule governing the usage of official FDIC signs, advertising, name, logo, and more.
Comments on FHLBank system mission review due today
Today is the deadline for community bankers and others to submit comments on the Federal Housing Finance Agency’s request for input on the mission of the Federal Home Loan Bank System.
AT&T discloses customer data breach
AT&T released a statement on unauthorized access of customer data from a third-party cloud platform.
FDIC nominee: Community banks are the lifeblood of many communities
The Biden administration’s nominee for FDIC chair—Christy Goldsmith Romero—told Congress she gained a great appreciation for community banks during her time at the Office of the Special Inspector...
Input on FHLBank system mission review due Monday
Monday is the deadline for community bankers and others to submit comments on the Federal Housing Finance Agency’s request for input on the mission of the Federal Home Loan Bank System.
CFPB proposes mortgage servicing rule
The Consumer Financial Protection Bureau issued a proposed rule to amend mortgage servicing rules under Regulation X.
CFPB says it will consider eliminating credit card late fee safe harbor
The Consumer Financial Protection Bureau said it plans to assess whether to eliminate the credit card late fee safe harbor under Regulation Z.
Fed researchers: Banks that share name with failed institutions experience loss of business
Federal Reserve researchers said banks that share their name with a failed bank experience a half-percent drop in transaction deposits relative to banks with similar characteristics but different...
FHFA releases VantageScore 4.0 credit scores
The Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac are making historical VantageScore 4.0 credit scores available to approved users to support the transition to updated...
Megabank group urges IG to investigate community bank assessment exemption
The Bank Policy Institute called on the FDIC Office of the Inspector General to investigate the FDIC’s recent special assessment, which exempted the vast majority of community banks.
Comptroller lauds ICBA’s check fraud efforts
Acting Comptroller of the Currency Michael Hsu highlighted the formation of ICBA’s Check Fraud Task Force as an important step in addressing financial fraud.
Fed’s Powell: Regulators should issue new Basel III Endgame proposal
Federal Reserve Chairman Jerome Powell told Congress that regulators should issue a revised Basel III Endgame proposal.
Bowman: Banks well-positioned to support financial inclusion
The U.S. banking system is well-positioned to bring consumers into the financial mainstream by providing innovative solutions to meet their credit needs, Federal Reserve Governor Michelle Bowman said.
FinCEN updates beneficial ownership FAQs
The Financial Crimes Enforcement Network updated its beneficial ownership information frequently asked questions to include responses to questions about entities that have ceased to exist.