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CFPB: States can issue fair credit reporting laws
The Consumer Financial Protection Bureau issued an interpretive rule affirming states’ abilities to issue their own fair credit reporting laws.
ICBA, Groups Urge CFPB to Rescind Revised Examination Manual
The Independent Community Bankers of America (ICBA) and other groups issued a joint white paper detailing why recent Consumer Financial Protection Bureau actions to expand its examination of banks...
ICBA Statement on Committee Passage of the Close the ILC Loophole Act
ICBA and the nation’s community banks strongly support the Close the ILC Loophole Act (H.R. 5912) and thank Reps. Chuy Garcia (D-Ill.) and Lance Gooden (R-Texas) for introducing this important...
Committee set to vote on ILC bill after pulling overdraft measure
The House Financial Services Committee today is set to vote on ICBA-advocated legislation to close the industrial loan company loophole after pulling an ICBA-opposed bill to implement overdraft...
ICBA, Groups Urge FDIC to Reconsider Reversal on Supervisory Appeals Office
The Independent Community Bankers of America (ICBA) and other groups called on the Federal Deposit Insurance Corp. to reconsider its decision to eliminate the Office of Supervisory Appeals and...
ICBA, groups urge FDIC to reconsider appeals office change
ICBA and other groups called on the FDIC to reconsider its decision to eliminate the Office of Supervisory Appeals and reinstate the agency’s Supervision Appeals Review Committee.
CFPB planning 1071 final rule by March 2023
The Consumer Financial Protection Bureau plans to issue a final rule implementing Section 1071 small-business reporting requirements by March 2023, according to a timeline released by the Office of...
Credit union terminates purchase of Ga. community bank
VyStar Credit Union in Jacksonville, Fla., terminated its bid to acquire Heritage Southeast Bank in Jonesboro, Ga., after failing to win regulatory approval.
Committee reschedules ILC, overdraft markup
The House Financial Services Committee rescheduled for next week its markup of several key bills after postponing it earlier this week. The markup is now set to start at 10 a.m. (Eastern time) this...
Agencies release 2021 HMDA data
The Federal Financial Institutions Examination Council released 2021 Home Mortgage Disclosure Act data for 4,338 U.S. financial institutions.
CFPB gathering overdraft data for regulatory follow-up
The Consumer Financial Protection Bureau said it intends to use information it is gathering from financial institutions on their overdraft practices to identify institutions for further regulatory...
ICBA Provides Tips for Preventing Elder Financial Abuse
June 15 is World Elder Abuse Awareness Day, and the Independent Community Bankers of America and its Senior Housing Crime Prevention Foundation subsidiary are providing tips for preventing the...
Credit union grassroots key with House committee meeting today
With the House Rules Committee meeting today to advance legislation to further empower credit unions, ICBA continues calling on community bankers to urge their lawmakers to oppose the bill.
ICBA Statement on FDIC Proposal to Raise Deposit Insurance Assessment Rates
ICBA and the nation’s community banks are closely reviewing today’s FDIC proposal to amend its Deposit Insurance Fund Restoration Plan by increasing deposit insurance assessment rates by 2 basis...
ICBA concludes blog series on stablecoin collapse
ICBA concluded its new series of blog posts on the collapse of the TerraUSD stablecoin with a post focusing on its impact on community banks and the regulatory debate.
House committee markup in focus this week
Tomorrow’s House Financial Services Committee markup will drive the week on Capitol Hill. The panel will consider an ICBA-supported bill to close the ILC loophole and ICBA-opposed legislation on...
Hsu: CRA update supports MDIs, CDFIs
The proposed update to Community Reinvestment Act regulations incentivizes banks to support minority depository institutions and community development financial institutions, Acting Comptroller of...
ICBA continues blog series on stablecoin collapse
ICBA continued its new series of blog posts on the collapse of the TerraUSD stablecoin and its broader impact.
ICBA, state associations urge passage of cannabis safe harbor
ICBA and a coalition of 44 state community banking associations urged Congress to include a cannabis banking safe harbor in the America COMPETES Act conference report.
CFPB terminates Upstart no-action letter
The Consumer Financial Protection Bureau said it terminated Upstart Network from its list of approved “no-action letters” at Upstart’s request.