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USDA asks lenders to suspend adverse actions against socially disadvantaged farmers
USDA asks lenders to suspend adverse actions against socially disadvantaged farmers The USDA’s Farm Service Agency asked lenders to suspend adverse actions against guaranteed farm loan borrowers...
A New Farm Bill Has Landed
A New Farm Bill Has Landed The adoption of the ICBA-backed legislation is quite remarkable given that community bankers and the agricultural community have been told for most of this year that the...
House bill introduces ICBA-proposed USDA Express loan program
A newly introduced House bill would implement an ICBA proposal to speed up approval times for USDA loans and thereby enhance access to credit in rural communities.
ICBA backs bill offering rural lending tax relief
ICBA backs bill offering rural lending tax relief ICBA expressed support for legislation to exempt from taxation interest income on farm real estate and rural mortgage loans. ICBA expressed support...
ICBA-advocated USDA Express Loan Act introduced in House
ICBA-advocated USDA Express Loan Act introduced in House Reps. Brad Finstad (R-Minn.) and Adam Gray (D-Calif.) introduced ICBA-advocated legislation to speed up approval times for USDA loans....
ICBA supports adoption of changes to Nacha rules
ICBA expressed support for a Bureau of the Fiscal Service proposal to adopt the 2022, 2023, and 2024 amendments to the Nacha rules.
ICBA: New ACH proposals are burdensome, risky
ICBA said it opposes the addition of a fourth daily same-day Automated Clearing House processing window because it would be burdensome for community banks by adding late-day operational stress,...
ACH Network sees volume and value increases in 2025, Q4
ACH Network sees volume and value increases in 2025, Q4 The ACH Network showed gains in Same Day and standard ACH during 2025 and the fourth quarter, according to Nacha. Highlights: Full-year ACH...
ICBA supports proposal to increase Same Day ACH limit
ICBA supports proposal to increase Same Day ACH limit ICBA said it supports Nacha’s proposal to increase the Same Day ACH dollar limit to $10 million while acknowledging the risk and efficiency...
B2B payments on ACH network increase 10% in Q3
Business-to-business ACH volume was nearly 2.1 billion payments in the third quarter, an increase of 10% from the same time last year, according to Nacha.
Nacha approves rules on enhancing international ACH transactions
Nacha voting members approved five Nacha Operating Rules changes aimed at increasing the awareness and efficiency of international ACH transactions.
Nacha to automate ACH audit proof process
Nacha announced that, starting next month, the process of requesting proof of an ACH Rules compliance audit will be automated through its Risk Management Portal.
Same Day ACH volume increased 88%, passes 1 billion mark
Same Day ACH volume increased 88%, passes 1 billion mark ACH Network volume soared in the first quarter—increasing by 11.2 percent to 7.1 billion payments in compared to the first quarter of 2020...
Nacha expanding spot checks of ACH Contact Registry info
Nacha encouraged financial institutions to ensure their information in the ACH Contact Registry is correct and up to date.
ACH Network volume rises 6.1% in Q4
ACH Network volume rises 6.1% in Q4 ACH Network volume increased 6.1% in the fourth quarter of 2021 from a year earlier, Nacha reported. ACH Network volume increased 6.1% in the fourth quarter of...
ACH fraud survey deadline extended
ICBA Bancard extended the deadline for its survey on ACH fraud and whether it is a significant concern for community bankers and customers.
Same Day ACH continues expansion
The value of Same Day ACH payments grew 51.7% in the first half of 2023 from a year earlier, while payments volume rose 13.7%, Nacha reported.
Voters in Key Battleground States Support Structural Reforms to CFPB
Voters in Key Battleground States Support Structural Reforms to CFPB Fifty-eight percent of registered voters in key battleground states say the Consumer Financial Protection Bureau (CFPB) should...
ICBA Statement on CFPB Small-Business Proposal Outline
ICBA Statement on CFPB Small-Business Proposal Outline ICBA President and CEO Rebeca Romero Rainey issued a statement on today's Consumer Financial Protection Bureau outline of proposals to...
ICBA backs limited scope of debt-collection rule
ICBA backs limited scope of debt-collection rule ICBA said it supports how the Consumer Financial Protection Bureau structured its notice of proposed rulemaking on disclosures for collecting...
ICBA offers alternative to redefining QM
ICBA offers alternative to redefining QM ICBA expressed concerns with the Consumer Financial Protection Bureau's proposal to change its Qualified Mortgage definition to a price-based approach. ICBA...
ICBA to CFPB: extend GSE patch
ICBA to CFPB: extend GSE patch ICBA filed a comment letter urging the Consumer Financial Protection Bureau to extend its policy exempting Fannie Mae and Freddie Mac mortgage loans from the bureau’s...
CFPB issues advisory opinion on SPCPs
CFPB issues advisory opinion on SPCPs The Consumer Financial Protection Bureau issued an advisory opinion to address regulatory uncertainty regarding Regulation B related to special purpose credit...
ICBA Urges CFPB to Expand Exemptions from 1071 Reporting Rules
ICBA today called on the Consumer Financial Protection Bureau to exempt more community banks and small businesses from its proposal to implement new small-business loan data collection and...
ICBA supports barring adverse credit reporting on human trafficking victims
ICBA expressed support for a Consumer Financial Protection Bureau proposed rule that would prohibit consumer reporting agencies from reporting adverse information on victims of human trafficking.
CFPB report on rural challenges doesn’t account for reg burden
The Consumer Financial Protection Bureau issued a report on the challenges faced by Americans in rural communities.
CFPB: Credit bureaus top consumer complaints
CFPB: Credit bureaus top consumer complaints More than half of all consumer complaints received by the Consumer Financial Protection Bureau from January 2020 through September 2021 were directed at...
ICBA Urges Congress to Override Veto of Resolution Scrapping Onerous Small-Business Reporting Rule
ICBA today expressed opposition to President Joe Biden’s veto of a bipartisan resolution that would nullify the Consumer Financial Protection Bureau’s Section 1071 small-business data collection...
CFPB signals focus on AI in loan underwriting
The Consumer Financial Protection Bureau indicated it will focus on the use of artificial intelligence in loan underwriting and will take enforcement action if algorithmic underwriting models...
CFPB extends deadline for feedback on data brokers
The Consumer Financial Protection Bureau extended the comment deadline on its request for information on data brokers, such as credit reporting companies and background screening firms, and how the...
CFPB accepting Community Bank Advisory Council applications
The Consumer Financial Protection Bureau is now accepting applications for membership on the Community Bank Advisory Council and other advisory committees through July 16.
Supreme Court to begin hearing arguments on CFPB constitutionality
The U.S. Supreme Court today is set to hear arguments in a case challenging the constitutionality of the Consumer Financial Protection Bureau.
ICBA releases handout on 1071 rule for small-business customers
ICBA added a new handout for small-business customers to its collection of customizable tools on the Consumer Financial Protection Bureau’s Section 1071 rule.
ICBA releases handout on 1071 rule for small-business customers
ICBA added a new handout for small-business customers to its collection of customizable tools on the Consumer Financial Protection Bureau’s Section 1071 rule.
CFPB issues guidance on financial comparison-shopping sites
The CFPB issued guidance to law enforcement agencies and regulators explaining how companies operating comparison-shopping tools can break the law when they steer consumers to certain products or...
ICBA urges Congress to override veto of 1071 resolution
ICBA expressed opposition to President Joe Biden’s veto of a bipartisan resolution to overturn the Consumer Financial Protection Bureau’s Section 1071 rule and called on Congress to override the veto.
Agencies finalize rule on automated valuation models
Federal financial services regulators issued a final rule to implement quality control standards for automated valuation models, or AVMs, which mortgage lenders use to value real estate collateral.
Biden vetoes ICBA-advocated 1071 resolution
President Joe Biden vetoed an ICBA-advocated bipartisan resolution to overturn the Consumer Financial Protection Bureau’s Section 1071 rule.
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...
CFPB withdraws ICBA-opposed proposal on non-sufficient-funds fees
The Consumer Financial Protection Bureau withdrew its proposed rule to restrict the use of non-sufficient-funds fees, as advocated by ICBA.