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Senate committee taking up bank executive clawback bill tomorrow
The Senate Banking Committee tomorrow is scheduled to take up legislation that would expand existing regulatory authority to claw back compensation from the executives of certain failed banks.
Fed nominees, Powell appearing at committees this week
In addition to the Senate Banking Committee markup, there are several key committee hearings this week.
Join ICBA’s ThinkTECH Accelerator Showcase June 28 & 29
The Independent Community Bankers of America (ICBA) will host a two-day ICBA ThinkTECH Accelerator event featuring cohort graduates, where they will showcase their community bank offerings...
CFPB says it’s working to streamline mortgage-servicing rules
The Consumer Financial Protection Bureau said it will use stakeholder input to propose ways to simplify and streamline mortgage servicing rules.
FDIC issues new cease-and-desist letters on deposit insurance claims
The FDIC issued a new series of letters demanding four nonbank entities cease making false or misleading representations about deposit insurance.
Grassroots continues on 1071, rural lending efforts
ICBA continues calling on community bankers to use its Be Heard grassroots resource center to urge their members of Congress to support resolutions and policies that affect community bankers across...
Pro-Russia hackers planning attacks on financial targets: alert
Pro-Russia hackers are planning to conduct cyberattacks against Western financial targets, including Swift and the Federal Reserve, according to an alert from the U.S. government.
Lawmakers press Chopra on 1071 rule in House hearing
Members of Congress continued to press Consumer Financial Protection Bureau Director Rohit Chopra on the bureau’s ICBA-opposed Section 1071 data-collection rule during a second day of hearings on...
ICBA supports SEC proposal to include more crypto firms in ‘exchange’ definition
ICBA expressed support for a Securities and Exchange Commission proposal confirming that crypto exchanges must follow the same rules of the road as other entities that trade securities.
OCC: Banks should be ‘on balls of their feet’ in monitoring risk
While the overall strength of the federal banking system is sound, banks should be “on the balls of their feet” regarding risk management, the OCC said in its latest Semiannual Risk Perspective.
Chopra: CFPB to solicit 1033 comments in coming months
The Consumer Financial Protection Bureau expects to seek comments on its pending rulemaking to establish standards for sharing consumer financial data in the coming months, CFPB Director Rohit...
ICBA seeking candidates for panel on CFPB rulemaking
ICBA is seeking community bankers interested in joining a Small Business Regulatory Enforcement Fairness Act panel to weigh in on a Consumer Financial Protection Bureau rulemaking under the Fair...
ICBA seeking feedback on Nacha ACH risk management proposal
ICBA is seeking survey responses from member community bankers on the potential impact of nine Nacha proposals related to ACH risk management.
Agencies propose guidance on reconsiderations of value
Federal regulators requested public comment on proposed guidance addressing reconsiderations of value, or ROVs, for residential real estate transactions.
OCC seeking feedback on consumer trust in banking survey
The OCC today is slated to release a request for information for its first-ever survey on consumer trust in banking and bank supervision.
CISA, FBI issue advisory on MOVEit Transfer vulnerability
The Cybersecurity and Infrastructure Security Agency and FBI published a joint cybersecurity advisory with technical information on the CL0P ransomware gang, also known as TA505.
ICBA continues 1071 grassroots campaign
ICBA calls on community bankers to urge Congress to support a House resolution to nullify the Consumer Financial Protection Bureau’s Section 1071 rule to establish data collection and reporting...
OCC seeking feedback on consumer trust in banking survey
The OCC released a request for information for its first-ever survey on consumer trust in banking and bank supervision.
ICBA Offers Tips to Help Simplify the Homebuying Process
In recognition of National Homeownership Month in June, ICBA is encouraging current and prospective homeowners to consult their trusted local community banker about how to make the homebuying...
ICBA strongly opposes bill to impose credit card routing mandates
ICBA expressed its strong opposition to newly reintroduced legislation to impose routing mandates on credit card transactions.