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Fed governor vows support of CDFIs
Federal Reserve Governor Lisa Cook said community development financial institutions play a crucial role, calling them "financial first responders" and enumerating how the Fed supports them.
ICBA calls on agencies to reduce excessive regulations
A new ICBA blog post spotlights ICBA’s calls for regulators to conduct a comprehensive regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act, or EGRPRA.
Capital Summit nets new co-sponsors
As a result of the ICBA Capital Summit, more than 50 new co-sponsors have joined ICBA-advocated bills.
ICBA to Fed: Withdraw debit card interchange proposal
ICBA expressed vehement opposition to a Federal Reserve Board proposal to impose a nearly 30% cut to debit interchange that would leave nearly one-third of covered issuers below cost recovery.
ICBA urges ACRE Act support during hearing
ICBA called on the House Ways and Means Committee to take up ICBA-advocated legislation to support lending in rural communities.
ICBA Urges Agencies to Withdraw Compensation Proposal Until All Relevant Agencies Sign On
The Independent Community Bankers of America (ICBA) today issued the following statement on regulators’ proposed rulemaking on incentive-based compensation arrangements.
ICBA, groups urge FHFA to change course on VantageScore data release
ICBA and other groups expressed concerns with a Federal Housing Finance Agency plan to publish historical data on the VantageScore 4.0 credit scoring model this year.
Court injunction pauses CFPB credit card late fee rule
A federal judge issued a temporary injunction of the Consumer Financial Protection Bureau’s final rule on credit card late fees, which was scheduled to take effect tomorrow.