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CFPB issues guidance on HMDA enforcement following court ruling

The Consumer Financial Protection Bureau released Home Mortgage Disclosure Act enforcement guidance following a recent court ruling vacating its 2020 HMDA final rule.

Dec 07, 2022
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Article
Mortgage Rules

ICBA Urges Senate to Pass Newly Introduced Bill to Close ILC Loophole

ICBA today expressed its strong support for Senate Banking Committee Chairman Sherrod Brown's (D-Ohio) introduction of the Close the Shadow Banking Loophole Act to close the industrial loan company...

Dec 06, 2022
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Article
Lending

ICBA: PPP report validates that community banks are superior alternative to nonbanks

ICBA said a congressional report on financial technology participants in the Paycheck Protection Program validates that community banks were the unequivocal leaders of the U.S. economic recovery...

Dec 05, 2022
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Article
Community Bank Awareness

ICBA to regulators: Ensure CRA reform minimizes new burdens

With FDIC Acting Chairman Martin Gruenberg testifying before Congress, ICBA reiterated its call for the federal banking agencies to issue a uniform rule that minimizes new data collection and...

Dec 02, 2022
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Article
Community Reinvestment Act (CRA)