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ICBA publishes Section 1033 guidebook
ICBA released the Open Banking Guidebook detailing the Consumer Financial Protection Bureau’s final rule implementing Section 1033 of the Dodd-Frank Act.
Section 1033 guidebook now available
ICBA released the Open Banking Guidebook detailing the Consumer Financial Protection Bureau’s final rule implementing Section 1033 of the Dodd-Frank Act.
ICBA Strongly Opposes CFPB Overdraft Rule
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey today issued the following statement on the Consumer Financial Protection Bureau’s final rule on overdraft...
CFPB seeks input for rulemaking on domestic violence, elder abuse
The Consumer Financial Protection Bureau launched a rulemaking to address the effects of inaccurate credit reporting affecting survivors of domestic violence, elder abuse, and other forms of...
CFPB issues final rule capping overdraft fees
The Consumer Financial Protection Bureau issued a final rule on overdraft services that will cap fees at banks and credit unions with more than $10 billion in assets.
CFPB’s credit card late fee rule shot down
A federal judge upheld an order blocking the Consumer Financial Protection Bureau’s $8 cap on credit card late fees.
CFPB penalizes Navy Federal Credit Union for overdraft fees
The Consumer Financial Protection Bureau ordered Navy Federal Credit Union to refund more than $80 million in overdraft fees to consumers, change its overdraft practices, and pay a $15 million...
ICBA: CFPB’s 1071 rule exceeds its authority
The Consumer Financial Protection Bureau’s 1071 small-business rule exceeds the agency’s statutory authority and is arbitrary and capricious, ICBA said in a new court filing.
CFPB finalizes rule on oversight of digital payment apps
The Consumer Financial Protection Bureau finalized a rule to supervise the largest nonbank companies offering digital funds transfer and payment wallet apps.
CFPB proposes rule on consumer reporting
The Consumer Financial Protection Bureau issued a notice of proposed rulemaking related to consumer reporting and the requirements of the Fair Credit Reporting Act.
CFPB Penalty Against VyStar Credit Union Exemplifies Consumer Impact of Tax-Exempt Industry’s Lagging Regulatory Oversight
ICBA President and CEO Rebeca Romero Rainey issued the following statement after the Consumer Financial Protection Bureau took action against VyStar Credit Union for harming consumers through its...
ICBA: Agencies should publish supervisory highlights on bank-fintech partnerships
To counteract “regulation through enforcement,” ICBA urged federal banking regulators to periodically publish supervisory highlights on key examination findings related to bank-fintech...
CFPB: Companies must follow FCRA rules when tracking employees
The Consumer Financial Protection Bureau issued a circular that said that companies using third-party consumer reports must follow Fair Credit Reporting Act rules.
ICBA-advocated resolution scrapping CFPB overdraft rule signed into law
President Donald Trump signed into law an ICBA-advocated resolution to overturn the Consumer Financial Protection Bureau’s final rule on overdraft services, finalizing a key policy success for...
CFPB withdraws proposed rule on Regulation V
The Consumer Financial Protection Bureau withdrew its proposed rule on data broker practices (Regulation V), calling it unnecessary or appropriate at this time.
CFPB ends COVID mortgage protections
The Consumer Financial Protection Bureau issued an interim final rule ending protections for mortgagors experiencing hardships due to the COVID-19 pandemic.
CFPB to deprioritize 1071 enforcement for entities not protected by court order
The Consumer Financial Protection Bureau announced that it will deprioritize enforcement of its 1071 small-business lending rule for entities not currently protected by a 5th Circuit Court order.
1071 rule remains on hold for community banks amid CFPB review
The Consumer Financial Protection Bureau’s 1071 small-business rule and its implementation deadlines remain on hold for ICBA community banks amid ongoing litigation and a bureau review of the rule.
CFPB withdrawing more than a decade of guidance materials
The Consumer Financial Protection Bureau announced the withdrawal of certain guidance, interpretive rules, policy statements, and advisory opinions issued since 2011.
ICBA Applauds House Passage of Resolution to Overturn Flawed CFPB Overdraft Rule
ICBA President and CEO Rebeca Romero Rainey issued the following statement on House passage of a Congressional Review Act resolution to overturn the Consumer Financial Protection Bureau’s final...
CFPB deprioritizing ‘buy now, pay later’ enforcement actions
The Consumer Financial Protection Bureau announced that it will not prioritize enforcement actions related to “buy now, pay later.”
Judge scraps CFPB credit card late fee rule
A federal judge voided a Consumer Financial Protection Bureau rule capping credit card late fees at $8, after the agency agreed with opponents that the rule was illegal.
CFPB asks court to stop medical debt rule
The Consumer Financial Protection Bureau joined other groups in asking a federal court to scrap a regulation barring consumer credit reports from including medical debt.
Romero Rainey: Committee markup a key milestone, but more work ahead
The explosion of pro-community bank policy reforms from the first quarter of the year culminated in this week’s HFSC markup, but there is still significant work to do, ICBA President and CEO Rebeca...
ICBA-advocated 1071, de novo, anti-CBDC bills set for House markup today
The House Financial Services Committee is scheduled to take up three ICBA-advocated bills today to repeal the CFPB’s 1071 rule, promote de novo bank formation, and restrict the issuance of a U.S....
CFPB says it will reopen 1071 rule
The Consumer Financial Protection Bureau said it will open a new rulemaking to implement Section 1071 data collection and reporting requirements for small-business loans.
ICBA Applauds Senate Passage of Resolution to Overturn Flawed CFPB Overdraft Rule
ICBA President and CEO Rebeca Romero Rainey issued the following statement on the Senate’s passage of a Congressional Review Act resolution to overturn the Consumer Financial Protection Bureau’s...
ICBA applauds Senate passage of resolution to overturn CFPB overdraft rule
ICBA commended the Senate for passing a resolution to overturn the Consumer Financial Protection Bureau’s final rule on overdraft services.
ICBA-advocated 1071, de novo, anti-CBDC bills set for House markup
The House Financial Services Committee is scheduled to take up three ICBA-advocated bills this week to repeal the CFPB’s 1071 rule, promote de novo bank formation, and restrict the issuance of a...
CFPB withdraws court filing claiming Reg E applies to wire transactions
The Consumer Financial Protection Bureau withdrew a court filing in which it previously argued that online-initiated wire transfers are subject to the Electronic Fund Transfer Act and Regulation E.
ICBA urging grassroots outreach ahead of Senate overdraft vote
With the Senate set to vote on an ICBA-advocated resolution to overturn the Consumer Financial Protection Bureau’s overdraft rule, ICBA is calling on community bankers to urge their senators to...
With CFPB in spotlight, ICBA urging grassroots outreach on overdraft rule
With Washington focused on reforming the Consumer Financial Protection Bureau, ICBA is calling on community bankers to tell their members of Congress to support legislative efforts to stop the...
Resolution to nullify CFPB overdraft rule passes House committee
The House Financial Services Committee voted 30-19 to pass H.J. Res 59, a Congressional Review Act resolution that would overturn a Consumer Financial Protection Bureau rule that regulates...
Markup today: ICBA urging grassroots action on CFPB overdraft rule
ICBA is calling on community bankers to urge their members of Congress to support resolutions to stop the Consumer Financial Protection Bureau’s overdraft rule ahead of a markup today.
House committee hearing today on ICBA priorities
ICBA thanked the House Financial Services Committee for scheduling a hearing on the Consumer Financial Protection Bureau that will feature ICBA-advocated legislation.
ICBA urging community banker outreach on stopping CFPB overdraft rule
ICBA is calling on community bankers to tell their members of Congress to stop the Consumer Financial Protection Bureau's overdraft rule.
McKernan, Pulte vow to streamline CFPB, FHFA activities
The Consumer Financial Protection Bureau will center its regulation on real risks to consumers and focus its enforcement on bad actors, CFPB director nominee Jonathan McKernan told Congress.
ICBA urging grassroots outreach to stop CFPB overdraft rule
ICBA is calling on community bankers to tell their members of Congress to support legislative efforts to stop the Consumer Financial Protection Bureau's overdraft rule.
ICBA continuing grassroots push on CFPB overdraft rule
ICBA continues calling on community bankers to tell their members of Congress to support legislative efforts to stop the Consumer Financial Protection Bureau's overdraft rule.
Comments on TRID mortgage disclosures due next week
ICBA continues encouraging community bankers to submit comments by next week’s deadline urging the Consumer Financial Protection Bureau to test and ultimately adopt an ICBA proposal to update...