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Senate slated to vote today on 1071 reversal

With the Senate scheduled to vote today on a resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA is urging community bankers to urge their senators to support the...

Oct 18, 2023
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Article
Consumer Financial Protection Bureau (CFPB)

Fed meeting next week on revising debit interchange fee cap

The Federal Reserve Board scheduled a meeting for next week on proposed revisions to the agency’s debit interchange fee cap.

Oct 18, 2023
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Article

Agencies issue anti-ransomware guidance

The Cybersecurity and Infrastructure Security Agency and other agencies released an updated version of the joint #StopRansomware Guide. The update includes new prevention tips, revised response...

Oct 20, 2023
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Article
Cybersecurity

ICBA backs DeFi policy recommendations

ICBA expressed support for the International Organization of Securities Commissions’ recommendations for establishing policies on decentralized finance.

Oct 19, 2023
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Article
Compliance

Agencies meeting next week on CRA reform, climate risk

The Federal Reserve Board and FDIC board of directors scheduled meetings for next week on two high-profile regulatory issues: the Community Reinvestment Act and climate risk.

Oct 18, 2023
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Article

Fed’s Bowman: CBDC benefits remain unclear

Federal Reserve Governor Michelle Bowman said she has yet to see a compelling argument that a U.S. central bank digital currency could address payments system problems more effectively,...

Oct 18, 2023
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Article

New blog post: Crypto concerns renew digital assets policy debate

A new ICBA blog post recaps the significant upheaval in the digital assets market over the past year and what it means for Washington’s response.

Oct 17, 2023
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Article
Digital Assets

FHFA’s Thompson addresses rise in enterprise repurchase requests

Federal Housing Finance Agency Director Sandra Thompson recognized mortgage lenders’ concerns with rising repurchase requests from Fannie Mae and Freddie Mac, though she said requests have declined...

Oct 17, 2023
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Article
Federal Housing Finance Agency

ICBA plan to promote mortgage affordability makes news

ICBA’s joint proposal to reduce mortgage rates by an estimated 100 to 150 basis points is making news.

Oct 16, 2023
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Article
Mortgage Rules

FHFA expands ‘rep and warrant’ relief to loans with COVID-19 forbearance

The Federal Housing Finance Agency said it will revise the treatment of active single-family mortgages backed by Fannie Mae and Freddie Mac for which borrowers elected a COVID-19 forbearance under...

Oct 17, 2023
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Article
Federal Housing Finance Agency

FHFA issues new set of appraisal data

The Federal Housing Finance Agency published a new set of data points and trends found in appraisal reports.

Oct 17, 2023
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Article
Federal Housing Finance Agency

The Community Bankers Association of Kansas endorses CRA Partners

The Community Bankers Association of Kansas recently endorsed CRA Partners as a means to help reduce incidents of crime in area nursing homes, while offering banks the opportunity to earn CRA credit.

Oct 16, 2023
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Article

CFTC charges head of failed crypto bank with fraud

The Commodity Futures Trading Commission charged the former head of failed crypto brokerage firm Voyager Digital with fraud and registration failures in connection with the digital asset platform.

Oct 13, 2023
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Article
Digital Assets

Payments council releases instant payments operational guide

The U.S. Faster Payments Council released a new resource for banks working to implement instant payments.

Oct 13, 2023
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Article
Faster Payments

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.

Oct 11, 2023
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Article
Consumer Financial Protection Bureau (CFPB)

Senate hearing tomorrow on CDFIs

The Senate Banking Committee is scheduled to meet tomorrow for a subcommittee hearing on community development financial institutions.

Oct 16, 2023
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Article
Community Development Financial Institution (CDFI)

Credit unions labeling themselves community banks: Romero Rainey

Community bankers have for years warned of the expansion of credit union powers, but Navy Federal Credit Union’s new “Community Bank” brand indicates credit unions recognize they’ve gone too far,

Oct 16, 2023
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Article
Credit Unions

ICBA National Campaign Toolkit offers audio materials

The ICBA National Campaign Toolkit features numerous assets for community banks and state partners, including customizable audio ads.

Oct 16, 2023
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Article
Marketing

CFPB, DOJ: Law protects credit applicants regardless of immigration status

The Consumer Financial Protection Bureau and Justice Department said in a joint statement that all credit applicants are protected from discrimination under the Equal Credit Opportunity Act,...

Oct 13, 2023
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Article
Consumer Financial Protection Bureau (CFPB) Compliance

ICBA Proposes Solution to Promote Mortgage Affordability

(ICBA), Community Home Lenders of America, and National Association of REALTORS today proposed a solution to reduce historically high long-term mortgage rates relative to long-term Treasury bonds.

Oct 12, 2023
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Article
Mortgage Lending