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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...
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.
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.
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.
Payments council releases instant payments operational guide
The U.S. Faster Payments Council released a new resource for banks working to implement instant payments.
Senate hearing tomorrow on CDFIs
The Senate Banking Committee is scheduled to meet tomorrow for a subcommittee hearing on community development financial institutions.
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,
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.
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.
Bowman: Regulators should avoid harming bank viability
Banking regulators should ensure changes to the regulatory framework do not harm the long-term viability of banks, especially midsized and smaller banks, Federal Reserve Governor Michelle Bowman said.
Fed’s Bowman: Advocacy on CDFI proposal making a difference
Federal Reserve Board Governor Michelle Bowman recognized community banker concerns with proposed changes to the community development financial institution certification application.
Agencies issue additional guidance on open-source security
The Cybersecurity and Infrastructure Security Agency and other agencies issued a fact sheet on improving security of open-source software in operational technology and industrial control systems.
Credit union data reporting exemption covered in Politico
A new Politico column draws attention to the lack of regulatory transparency at tax-exempt credit unions, particularly their exemption from federal reporting requirements on overdraft fees.
Credit unions now 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.
Chopra: CFPB’s 1033 consumer data proposal coming this month
The Consumer Financial Protection Bureau this month will propose standards for sharing consumer financial data, CFPB Director Rohit Chopra said.
Interagency appraisal panel meeting next month
The Federal Financial Institutions Examination Council’s Appraisal Subcommittee next month is scheduled to hold its third public hearing on appraisal bias, the residential appraisal process, and...
New HR subgroup on ICBA Community
ICBA launched a new human resources subgroup on its ICBA Community online platform.
ICBA updates advocacy dashboard
ICBA updated its “Advocacy in Action” government relations dashboard for the fourth quarter with the latest community banking advocacy successes and priorities.
Lawmakers targeting credit cards that benefit retailers: op-ed
Retailers benefit from the convenience of credit cards at the same time they’re asking Congress to impose new routing restrictions, according to a new Washington Times op-ed.
FDIC proposes corporate governance, risk management guidelines
The FDIC proposed guidelines to establish corporate governance and risk management standards for covered institutions with total consolidated assets of $10 billion or more.