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ICBA: CFPB’s overdraft rule must be enjoined and overturned
ICBA said the Consumer Financial Protection Bureau’s overdraft rule is likely to negatively affect consumers and their access to banking services and should be legally stopped.
ICBA publishes Section 1033 guidebook
ICBA released the Open Banking Guidebook detailing the Consumer Financial Protection Bureau’s final rule implementing Section 1033 of the Dodd-Frank Act.
Section 1033 guidebook now available
ICBA released the Open Banking Guidebook detailing the Consumer Financial Protection Bureau’s final rule implementing Section 1033 of the Dodd-Frank Act.
ICBA Commends House for Passing Resolution to Scrap CFPB’s Onerous Small-Business Reporting Rule
ICBA today commended the House for passing a bipartisan, ICBA-advocated resolution (S.J.Res.32) to nullify the CFPB’s Section 1071 small-business data collection and reporting requirements and...
ICBA Supports CFPB Approval of Project to Improve Mortgage Disclosures
ICBA today expressed support for the Consumer Financial Protection Bureau’s approval of ICBA’s proposed template to improve mortgage disclosures required under TILA-RESPA Integrated Disclosure...
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.
ICBA Strongly Opposes CFPB Arbitration Agreements Final Rule
ICBA Strongly Opposes CFPB Arbitration Agreements Final Rule ICBA President and CEO Camden R. Fine released a statement on the Arbitration Agreements final rule issued by the Consumer Financial...
CFPB Issues Proposed Rule on Debt Collection
CFPB Issues Proposed Rule on Debt Collection The Consumer Financial Protection Bureau issued a notice of proposed rulemaking to implement the Fair Debt Collection Practices Act. Under its proposal,...
Court Delays Bureau’s Small-Dollar Rule
Court Delays Bureau’s Small-Dollar Rule A federal court this week granted the Bureau of Consumer Financial Protection’s request to delay the effective date of its rule on small-dollar loans. The...
Bureau Offers HMDA Verification Tool
Bureau Offers HMDA Verification Tool The Bureau of Consumer Financial Protection launched the File Format Verification Tool for HMDA data collected in 2018 and submitted in 2019. The tool tests...
Consumer Bureau Joins Innovation Network
Consumer Bureau Joins Innovation Network The Bureau of Consumer Financial Protection and 11 international financial regulators said they plan to create a global network to promote innovation. The...
ICBA: Extend consumer protections to data aggregators
ICBA: Extend consumer protections to data aggregators ICBA called on the Consumer Financial Protection Bureau to ensure nonbanks that access customer financial information take the same care in...
Kraninger steps down from CFPB
Kraninger steps down from CFPB Kathy Kraninger announced Wednesday that she resigned as Consumer Financial Protection Bureau director, as requested by President Joe Biden's administration. Kathy...
ICBA: Biden Administration's Flawed Remarks on Overdraft Are Misleading and Dangerous to Community Banks and The Customers They Serve
ICBA President and CEO Rebeca Romero Rainey issued this statement following the release of overdraft protection guidance from the Consumer Financial Protection Bureau (CFPB), along with related...
CFPB expands anti-discrimination oversight under UDAAP authority
The Consumer Financial Protection Bureau said it is expanding its “anti-discrimination efforts” beyond credit products to counter discriminatory practices “across the board in consumer finance.”
CFPB ending no-action-letter, sandbox policies
The Consumer Financial Protection Bureau is allowing its ICBA-supported policies on no-action letters and compliance assistance sandboxes to expire, cementing the agency’s transition away from...
CFPB: States can issue fair credit reporting laws
The Consumer Financial Protection Bureau issued an interpretive rule affirming states’ abilities to issue their own fair credit reporting laws.
CFPB issues guidance targeting review fraud
The CFPB’s guidance describes certain business practices related to customer reviews that are generally unlawful under the Consumer Financial Protection Act.
ICBA Advocacy Leads to Nationwide Community Bank Relief from 1071 Small-Business Rule
ICBA, IBAT and Texas First Bank today announced that the U.S. District Court for the Southern District of Texas has granted their request to expand injunctive relief from the Consumer Financial...
ICBA Statement on Today’s CFPB Proposed Rule on Sharing Consumer Financial Data
ICBA President and CEO Rebeca Romero Rainey issued the following statement on today’s Consumer Financial Protection Bureau proposal to implement Section 1033 standards for sharing consumer...