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ICBA: GSE disclosures key, but conservatorship must be addressed

ICBA: GSE disclosures key, but conservatorship must be addressed ICBA said that while it supports robust financial disclosures for Fannie Mae and Freddie Mac, it is concerned that the...

Jan 04, 2022
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Article
Federal Housing Finance Agency

CFPB updates HMDA, TILA asset thresholds

CFPB updates HMDA, TILA asset thresholds The Consumer Financial Protection Bureau issued two annual threshold adjustment final rules under the Home Mortgage Disclosure Act and Truth in Lending Act,...

Jan 03, 2022
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Article
Compliance

ICBA Statement on Community Bank Leverage Ratio Guidance

ICBA Statement on Community Bank Leverage Ratio Guidance Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on new interagency guidance...

Dec 22, 2021
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Article
Advocacy Crisis Preparedness

ICBA updates marketing communications toolkit for 2022

ICBA updates marketing communications toolkit for 2022 ICBA updated its complimentary "Tell Your Story" Marketing Communications Toolkit for 2022 to help community banks plan for the year ahead....

Dec 22, 2021
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Article
Advocacy

1071 comment letter deadline nears

1071 comment letter deadline nears The deadline for ICBA’s grassroots comment letter campaign on the Consumer Financial Protection Bureau’s 1071 data collection and reporting requirements is...

Dec 22, 2021
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Article
Compliance Lending

New ICBA podcast recaps opposition to Omarova nomination

New ICBA podcast recaps opposition to Omarova nomination The latest episode of ICBA’s Communities of Innovation podcast focuses on ICBA’s public opposition to professor Saule Omarova’s nomination...

Dec 21, 2021
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Article
Office of the Comptroller of Currency (OCC)

OSHA updates employer mandate compliance dates following court ruling

OSHA updates employer mandate compliance dates following court ruling The Occupational Safety and Health Administration updated the compliance dates for its COVID-19 vaccine mandate for employers...

Dec 21, 2021
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Article
Compliance Crisis Preparedness

New ICBA podcast focuses on fraud prevention

New ICBA podcast focuses on fraud prevention The third episode of ICBA’s Communities of Innovation podcast focuses on fraud-prevention strategies and partnerships. The third episode of ICBA’s...

Dec 20, 2021
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Article
Technology

OCC issues revised HMDA exam procedures

OCC issues revised HMDA exam procedures The OCC issued revised interagency Home Mortgage Disclosure Act examination procedures for determining HMDA compliance. The new procedures update interagency...

Dec 20, 2021
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Article
Compliance

Court rules in favor of employer vaccine mandate

Court rules in favor of employer vaccine mandate A federal appeals court ruled that the Biden administration’s COVID-19 vaccine mandate for employers with 100 or more employees may proceed,...

Dec 20, 2021
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Article
Advocacy Crisis Preparedness

Complete 1071 grassroots resources available

Complete 1071 grassroots resources available ICBA offers comprehensive resources for its grassroots comment letter campaign on the Consumer Financial Protection Bureau’s 1071 data collection and...

Dec 17, 2021
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Article
Compliance Lending

OCC seeks feedback on climate principles for large banks

OCC seeks feedback on climate principles for large banks The OCC requested feedback on draft principles designed to help identify and manage climate-related financial risks at OCC-supervised...

Dec 17, 2021
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Article
Advocacy

Agencies adjust CRA asset thresholds

Agencies adjust CRA asset thresholds Federal regulators announced the annual adjustment to Community Reinvestment Act thresholds. Federal regulators announced the annual adjustment to Community...

Dec 17, 2021
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Article
Compliance

ICBA, The Venture Center Announce 2022 Fintech Cohort Lineup for Kickoff Event

ICBA and The Venture Center, in partnership with the State of Arkansas, will formally introduce the 11 growth-stage fintech companies selected for the 2022 ICBA ThinkTECH Accelerator program.

Dec 16, 2021
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Article
Technology

Senate, House continue pushback on SBA direct lending

Senate, House continue pushback on SBA direct lending ICBA’s grassroots campaign against efforts to authorize SBA direct lending under its 7(a) loan program got a boost Tuesday in the Senate and...

Dec 15, 2021
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Article
Lending Small Business Data Collection (1071)

McWilliams denies including merger review vote in FDIC minutes

McWilliams denies including merger review vote in FDIC minutes FDIC Chairman Jelena McWilliams denied a request by Consumer Financial Protection Bureau Director Rohit Chopra to include in the...

Dec 15, 2021
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Article
Compliance

As Senate meets on stablecoins, ICBA urges coordinated approach

As Senate meets on stablecoins, ICBA urges coordinated approach Policymakers should take a comprehensive, coordinated regulatory approach to stablecoins and other digital assets, ICBA told the...

Dec 15, 2021
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Article
Cybersecurity Digital Assets Technology

CFPB updates electronic fund transfer FAQs

CFPB updates electronic fund transfer FAQs The Consumer Financial Protection Bureau updated its frequently asked questions on electronic fund transfers. The Consumer Financial Protection Bureau...

Dec 15, 2021
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Article
Compliance

FinCEN seeks comments on modernizing AML/CFT regime

FinCEN seeks comments on modernizing AML/CFT regime The Financial Crimes Enforcement Network requested comments on updating the U.S. anti-money-laundering and countering-the-financing-of-terrorism...

Dec 15, 2021
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Article
Compliance

OCC issues final rule rescinding CRA rule

OCC issues final rule rescinding CRA rule The OCC issued a final rule to rescind its June 2020 Community Reinvestment Act rule and reinstate the 1995 interagency CRA rule. The OCC issued a final...

Dec 15, 2021
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Article
Compliance

1071 campaign now open to small-biz customers

1071 campaign now open to small-biz customers ICBA is calling on community bankers to enlist their small-business customers in the industry’s comment letter campaign on the Consumer Financial...

Dec 15, 2021
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Article
Lending

1071 leads CFPB rulemaking agenda

1071 leads CFPB rulemaking agenda The Consumer Financial Protection Bureau released its fall 2021 agenda of regulatory matters it plans to pursue through Oct. 31, 2022. The Consumer Financial...

Dec 15, 2021
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Article
Compliance Lending

Small-biz customers can now join 1071 campaign

Small-biz customers can now join 1071 campaign ICBA is calling on community bankers to enlist their small-business customers in the industry’s comment letter campaign on the Consumer Financial...

Dec 14, 2021
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Article
Lending

CISA warns of Java logging library vulnerability

CISA warns of Java logging library vulnerability The Cybersecurity and Infrastructure Security Agency urged the private and public sectors to actively address a critical vulnerability that a...

Dec 14, 2021
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Article
Cybersecurity

Recording of 1071 grassroots briefing available

Recording of 1071 grassroots briefing available Community bankers can access an on-demand recording of yesterday’s ICBA briefing on its campaign targeting the Consumer Financial Protection Bureau’s...

Dec 10, 2021
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Article
Compliance Lending

CFPB report spotlights mortgage, payday, remittance violations

CFPB report spotlights mortgage, payday, remittance violations The Consumer Financial Protection Bureau released its Supervisory Highlights report for the first half of 2021, which spotlights legal...

Dec 10, 2021
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Article
Compliance

House passes ICBA-backed LIBOR transition bill

House passes ICBA-backed LIBOR transition bill The House passed ICBA-supported legislation to support the transition from LIBOR to alternative reference rates. The House passed ICBA-supported...

Dec 09, 2021
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Article
Lending Mortgage Rules

ICBA 1071 advocacy briefing today

ICBA 1071 advocacy briefing today ICBA is hosting a complimentary briefing on its campaign targeting the Consumer Financial Protection Bureau’s Section 1071 proposal at 3 p.m. (Eastern time) today,...

Dec 09, 2021
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Article
Compliance Lending

ICBA-opposed Omarova nomination withdrawn

ICBA-opposed Omarova nomination withdrawn Law professor Saule Omarova withdrew her nomination to lead the Office of the Comptroller of the Currency following public opposition by ICBA and...

Dec 08, 2021
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Article
Office of the Comptroller of Currency (OCC)

From the CEO: ICBA and Community Banker Leadership Prevails Again

From the CEO: ICBA and Community Banker Leadership Prevails Again Amid an outsized response to the pandemic’s economic implications, community bankers have in 2021 once again proven to be...

Dec 13, 2021
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Article
Advocacy

IMF researchers urge global crypto regulatory regime

IMF researchers urge global crypto regulatory regime A new International Monetary Fund article urges regulators across the globe to develop comprehensive international standards for digital assets....

Dec 10, 2021
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Article
Cybersecurity Digital Assets

ICBA backs bill to extend CBLR relief

ICBA backs bill to extend CBLR relief ICBA expressed support for legislation to allow federal banking regulators to implement a community bank leverage ratio of 8-8.5% through 2024. ICBA expressed...

Dec 10, 2021
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Article
Advocacy Crisis Preparedness

As crypto CEOs testify, ICBA urges coordinated regulatory approach

As crypto CEOs testify, ICBA urges coordinated regulatory approach With cryptocurrency CEOs testifying before Congress, ICBA called on policymakers to enact a comprehensive, coordinated regulatory...

Dec 09, 2021
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Article
Cybersecurity Digital Assets Payments

CFPB issues final rule on LIBOR transition

CFPB issues final rule on LIBOR transition The Consumer Financial Protection Bureau finalized a rule facilitating the transition away from the LIBOR interest rate index for consumer financial...

Dec 08, 2021
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Article
Compliance

HUD issues guidance on special-purpose credit programs

HUD issues guidance on special-purpose credit programs The Department of Housing and Urban Development released guidance clarifying that special-purpose credit programs that conform with the Equal...

Dec 08, 2021
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Article
Compliance

FinCEN proposes rule to implement beneficial owner reforms

FinCEN proposes rule to implement beneficial owner reforms The Financial Crimes Enforcement Network issued a proposed rule to implement ICBA-advocated beneficial ownership reporting provisions of...

Dec 08, 2021
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Article
Compliance Technology

ICBA Statement on the Withdrawal of Saule Omarova’s OCC Nomination

ICBA Statement on the Withdrawal of Saule Omarova’s OCC Nomination Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the...

Dec 07, 2021
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Article
Advocacy Office of the Comptroller of Currency (OCC)

ICBA/Travelers Deliver Over $4 Million in Dividends for Participating Community Banks

ICBA/Travelers Deliver Over $4 Million in Dividends for Participating Community Banks ICBA today announced that a dividend of $4.1 million will be shared by nearly 1,200 member banks based on their...

Dec 07, 2021
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Article

This week: ICBA advocacy briefing on 1071 push

This week: ICBA advocacy briefing on 1071 push ICBA this week is hosting a complimentary briefing on its campaign targeting the Consumer Financial Protection Bureau’s Section 1071 proposal. ICBA...

Dec 07, 2021
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Article
Lending

ICBA to CFPB: Extend inquiry of largest tech firms

ICBA to CFPB: Extend inquiry of largest tech firms The Consumer Financial Protection Bureau should extend its inquiry of the six largest technology companies to all tech firms that participate in...

Dec 07, 2021
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Article
Compliance Payments Technology