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CFPB proposes boundaries on nonbank supervision
The Consumer Financial Protection Bureau proposed adopting a standard that says it can supervise nonbanks if it determines that the nonbank’s products or services pose a risk to consumers.
ICBA Statement on Today’s CFPB Advisory Opinion
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s guidance from the Consumer Financial Protection Bureau.
Court halts 1033 rule compliance deadline
The U.S. District Court for the Eastern District of Kentucky stayed the compliance deadline for the Consumer Financial Protection Bureau’s Section 1033 rule.
ICBA Statement on Media Reports of CFPB Actions, Banking Agency Consolidation
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on media reports related to actions at the Consumer Financial Protection Bureau...
ICBA to CFPB: Section 1033 should not be mandated for community banks
ICBA told the CFPB that community banks already meet the requirements of Section 1033 of the Dodd-Frank Act by providing consumers with electronic access to their financial data through online...
ICBA supports bill to mitigate impact of 1071 rule
ICBA expressed strong support for the Preventing Regulatory Overreach to Empower Communities to Thrive and Ensure Data privacy (PROTECTED) Act (S. 2352).
Senators introduce bill to roll back 1071 requirements
Sens. Katie Britt (R-Ala.) and John Boozman (R-Ark.) introduced legislation to shield community banks from the Consumer Financial Protection Bureau’s Section 1071 small-business reporting rule.
ICBA, others correct the record on CFPB’s 1033 rule
ICBA and other groups issued a statement correcting the record on the Consumer Financial Protection Bureau’s Section 1033 rulemaking following misleading claims from a group of fintech and retail...
Judge overturns rule that removed medical debt from credit reports
A federal judge in Texas reversed an ICBA-opposed Consumer Financial Protection Bureau rule that barred consumer credit reports from including medical debt.
ICBA urges CFPB to use modified TRID disclosure forms
ICBA urged the Consumer Financial Protection Bureau to move its TRID Sandbox Project forward with a modified TILA-RESPA Integrated Disclosure (TRID) form developed by ICBA.
CFPB says it will rework 1033 rule
The Consumer Financial Protection Bureau requested a stay in a lawsuit challenging the 1033 rule on consumer data security and privacy and said it plans to craft a new rule soon.
CFPB working on new 1033 rule
The Consumer Financial Protection Bureau submitted a proposed rule on Section 1033 of the Dodd-Frank Act for review to the Office of Information and Regulatory Affairs. ICBA expects the proposal to...
ICBA launching survey on recent regulatory changes
ICBA in the coming days will launch a survey on the value of community banks, small-business lending, and the regulatory environment.
FDIC study: Community banks critical to key economic areas
FDIC study: Community banks critical to key economic areas The FDIC issued a new study that found community banks serve a critical role in providing access to credit in several key areas of the...
FDIC issues computer incident notification guidance
The FDIC issued guidance on how banks it supervises can comply with recently established interagency incident notification requirements, effective May 1.
FDIC board meeting next week on standards for large banks
The FDIC board of directors said it will meet next week to consider new regulatory standards for large banks.
FDIC names new community bank committee members
FDIC names new community bank committee members ICBA congratulates the new members of the FDIC Advisory Committee on Community Banking, which provides advice and recommendations to the agency. ICBA...
ICBA offers summary on large bank capital proposal
ICBA released a summary of a recently released interagency proposed rule to strengthen regulatory capital standards on large banks.
FDIC issues third-party report on misconduct at the agency
The FDIC released a report from an independent third-party review of allegations of sexual harassment and other misconduct at the agency, management’s response, and the FDIC’s workplace culture.
FDIC’s Gruenberg says he’ll step down once successor confirmed
FDIC Chairman Martin Gruenberg said he is prepared to step down from his responsibilities at the agency once a successor is confirmed.