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ICBA urges CFPB to limit burden of rulemaking on consumer data
ICBA called on the Consumer Financial Protection Bureau to limit the regulatory burden of its pending rulemaking to establish standards for sharing consumer financial data.
Committee slated to vote tomorrow on blocking 1071 rule
With the House Financial Services Committee slated to take up an ICBA-advocated resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA called on the committee to...
ICBA urges President Biden to sign resolution blocking 1071 rule
ICBA President and CEO Rebeca Romero Rainey called on President Joe Biden to sign a recently passed bipartisan resolution to overturn the Consumer Financial Protection Bureau’s Section 1071 rule.
CFPB issues overdraft report ahead of proposed rule
The Consumer Financial Protection Bureau issued a report on consumer experiences with overdraft and non-sufficient-fund fees ahead of an expected rulemaking.
ICBA supports bill to clarify CFPB’s UDAAP authority
ICBA expressed support for new legislation designed to bring clarity and balance to the Consumer Financial Protection Bureau’s application of its authority to oversee unfair, deceptive, and abusive...
ICBA-backed bill would clarify CFPB’s UDAAP authority
Rep. Andy Barr (R-Ky.) formally introduced his ICBA-advocated bill to clarify the Consumer Financial Protection Bureau’s authority to oversee unfair, deceptive, and abusive acts and practices,...
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...
ICBA advocacy leads to nationwide 1071 injunction
A federal court granted an ICBA request to expand injunctive relief from the Consumer Financial Protection Bureau’s Section 1071 final rule to all community banks nationwide.
CFPB issues 1033 proposal on sharing consumer data
The Consumer Financial Protection Bureau released its proposal to implement standards for sharing consumer financial data under Section 1033 of the Dodd-Frank Act.
ICBA Statement on CFPB Proposed Rule on Non-Sufficient-Funds Fees
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Consumer Financial Protection Bureau proposed rule on...
CFPB proposal on non-sufficient-funds fees would distort market: ICBA
A new Consumer Financial Protection Bureau proposed rule to restrict the use of non-sufficient-funds fees is another example of the bureau imposing arbitrary price controls that would distort...
CFPB issues overdraft proposal with community bank exemption
The Consumer Financial Protection Bureau issued a proposed rule on overdraft services that would exempt community banks under $10 billion in assets.
CFPB: Credit card data shows small issuers offer lower rates
A Consumer Financial Protection Bureau report on credit card data show that smaller credit card issuers have "significantly lower" median annual percentage rates than the largest 25 credit card...
CFPB revises supervisory appeals process
The Consumer Financial Protection Bureau issued a procedural rule updating the process by which financial institutions can appeal supervisory findings.
ICBA to CFPB: Include Community Bank Exemption in 1033 Proposal on Sharing Consumer Financial Data
The Independent Community Bankers of America (ICBA) today urged the Consumer Financial Protection Bureau to exempt certain community banks from proposed standards for sharing consumer financial data.
ICBA to CFPB: Small-biz review needed ahead of overdraft proposal
ICBA and other groups called on the CFPB to hold off on any rulemakings related to overdraft and non-sufficient-funds fees until it conducts a statutorily required review under the Small Business...
ICBA urges community bank exemptions in 1033 rule
ICBA urged the Consumer Financial Protection Bureau to exempt certain community banks from proposed standards for sharing consumer financial data.
ICBA Statement Following Supreme Court Ruling on CFPB Funding Structure
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Supreme Court ruling on the constitutionality of the Consumer...
CFPB: Reg E wire transfer exemption doesn’t apply to online transactions
The Consumer Financial Protection Bureau argued in a court filing that online-initiated wire transfers are subject to the Electronic Fund Transfer Act and Regulation E, even though the law exempts...
CFPB plans to extend 1071 compliance deadline following court ruling
The Consumer Financial Protection Bureau said it plans to extend the compliance deadline on its 1071 small-business data collection and reporting rule following a Supreme Court ruling that ended a...
Supreme Court finds CFPB funding structure constitutional
The Supreme Court upheld the constitutionality of the Consumer Financial Protection Bureau’s funding structure, reversing the appellate court’s decision that held the CFPB’s funding violates the...
ICBA backs congressional challenge to credit card late fee rule
ICBA expressed support for Rep. Andy Barr’s (R-Ky.) introduction of a resolution to nullify the Consumer Financial Protection Bureau’s final rule to cut credit card late fees.
ICBA to CFPB: Fee proposal another abuse of authority
ICBA urged the Consumer Financial Protection Bureau to stop misusing its authority over unfair, deceptive, or abusive acts or practices to undermine federal disclosure rules.
ICBA urges CFPB to withdraw overdraft proposal
ICBA urged the Consumer Financial Protection Bureau to withdraw its proposed rule to apply Regulation Z lending requirements to overdraft services.
CFPB: Consumer complaints focus on credit bureaus
Consumer complaints about credit or consumer reporting continued to increase in 2023, according to the Consumer Financial Protection Bureau’s latest annual report.
CFPB: Banks need to keep proof of consent for certain overdraft fees
The CFPB issued a circular that says a financial institution violates the Electronic Fund Transfer Act and Regulation E.
ICBA urges CFPB to simplify rule on earned wage access products
ICBA told the Consumer Financial Protection Bureau that its proposed interpretive rule on “earned wage access” products defines “debt” too broadly.
CFPB releases FAQs on ‘buy now, pay later’ products
The Consumer Financial Protection Bureau released frequently asked questions to help industry participants understand, implement, and comply with the requirements in Regulation Z for “buy now, pay...
CFPB targets rental, medical debt in latest report
The Consumer Financial Protection Bureau issued its annual report to Congress on debt collection, which focuses on medical debt and rental debt.
CFPB says it will consider eliminating credit card late fee safe harbor
The Consumer Financial Protection Bureau said it plans to assess whether to eliminate the credit card late fee safe harbor under Regulation Z.
ICBA continues call for 1033 exemption in new article
The Consumer Financial Protection Bureau should exempt banks with less than $850 million in assets from its pending rule on sharing consumer financial data, ICBA told American Banker.
CFPB spotlights violations from recent exams
The CFPB said that its recent examinations revealed unfair, deceptive, or abusive acts at companies servicing auto loan and student loans; Fair Debt Collection Practices Act violations by debt...
Agencies release updated mortgage survey data
The Consumer Financial Protection Bureau and Federal Housing Finance Agency published updated loan-level data collected through the National Survey of Mortgage Originations.
CFPB proposes mortgage servicing rule
The Consumer Financial Protection Bureau issued a proposed rule to amend mortgage servicing rules under Regulation X.
CFPB proposes to expand EFTA coverage to digital assets, video games
The CFPB proposed an interpretive rule on how Regulation E and the Electronic Fund Transfer Act apply to emerging payment mechanisms, such as stablecoins and digital assets that operate as a medium...
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.
CFPB targets credit card reward programs
The Consumer Financial Protection Bureau issued a circular warning that some credit card companies operating rewards programs may be breaking the law.
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.