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CFPB issues guidance on fees for providing account information
ICBA said it is reviewing new Consumer Financial Protection Bureau guidance requiring banks and credit unions over $10 billion in assets to provide account information requested by customers...
FDIC launches deposit insurance awareness campaign
The FDIC launched a national campaign to increase the public’s awareness of deposit insurance and how it can protect people’s money in the event of a bank failure.
Bowman: Regulators should avoid harming bank viability
Banking regulators should ensure changes to the regulatory framework do not harm the long-term viability of banks, especially midsized and smaller banks, Federal Reserve Governor Michelle Bowman said.
Fed’s Bowman: Advocacy on CDFI proposal making a difference
Federal Reserve Board Governor Michelle Bowman recognized community banker concerns with proposed changes to the community development financial institution certification application.
ICBA supports bill to establish USDA Express loan program
ICBA expressed support for a recently introduced House bill based on an ICBA proposal to speed up approval times for USDA loans and thereby enhance access to credit in rural communities.
Agencies issue additional guidance on open-source security
The Cybersecurity and Infrastructure Security Agency and other agencies issued a fact sheet on improving security of open-source software in operational technology and industrial control systems.
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.
Credit union data reporting exemption covered in Politico
A new Politico column draws attention to the lack of regulatory transparency at tax-exempt credit unions, particularly their exemption from federal reporting requirements on overdraft fees.
Credit unions now labeling themselves community banks: Romero Rainey
Community bankers have for years warned of the expansion of credit union powers, but Navy Federal Credit Union’s new “Community Bank” brand indicates credit unions recognize they’ve gone too far.
Chopra: CFPB’s 1033 consumer data proposal coming this month
The Consumer Financial Protection Bureau this month will propose standards for sharing consumer financial data, CFPB Director Rohit Chopra said.
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.
Interagency appraisal panel meeting next month
The Federal Financial Institutions Examination Council’s Appraisal Subcommittee next month is scheduled to hold its third public hearing on appraisal bias, the residential appraisal process, and...
New HR subgroup on ICBA Community
ICBA launched a new human resources subgroup on its ICBA Community online platform.
ICBA updates advocacy dashboard
ICBA updated its “Advocacy in Action” government relations dashboard for the fourth quarter with the latest community banking advocacy successes and priorities.
Lawmakers targeting credit cards that benefit retailers: op-ed
Retailers benefit from the convenience of credit cards at the same time they’re asking Congress to impose new routing restrictions, according to a new Washington Times op-ed.
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.
FDIC proposes corporate governance, risk management guidelines
The FDIC proposed guidelines to establish corporate governance and risk management standards for covered institutions with total consolidated assets of $10 billion or more.
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 bipartisan bill to update small-issue bond programs
ICBA expressed support for bipartisan legislation in the House and Senate to reform small-issue bond programs that support first-time farmers and manufacturing.
Bowman: Credit union acquisitions show need for rethinking merger standards
Credit union acquisitions of community banks support the case for including credit unions and other nonbanks in regulatory policies on proposed bank mergers, Federal Reserve Governor Michelle...