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CFPB issues guidance on digital mortgage platforms
The Consumer Financial Protection Bureau issued an advisory opinion to prevent digital mortgage comparison-shopping platforms from illegally referring borrowers to only lenders paying referral fees.
ICBA to Fed: Consider Impact of Climate Risk Management Proposals
ICBA today said it appreciates that the Federal Reserve Board tailored its proposed climate risk management framework to institutions over $100 billion in assets, though the association expressed...
ICBA Urges FDIC to Exercise Statutory Duty to Deny Pending ILC Applications
ICBA today called on the Federal Deposit Insurance Corp. to deny pending deposit insurance applications from industrial loan companies, or ILCs, which present outsized risks to the Deposit...
New polling indicates consumer opposition to Durbin Amendment expansion
The Electronic Payments Coalition released new polling conducted by Morning Consult indicating that consumers across all income levels are benefiting from credit card rewards to help make ends meet...
OCC updates booklet on branch closings
The OCC issued the “Branch Closings” booklet of the Comptroller’s Licensing Manual. The revised booklet replaces the booklet of the same title issued June 2017, makes corrections where...
ICBA Rejects President Biden’s Misleading Remarks on ‘Junk Fees’ During State of the Union Address
Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on President Joe Biden’s State of the Union address.
FHA Single Family Housing Policy Feedback: Single Family Mortgagee Letter - Borrower Request for Review of Appraisal Results
ICBA called on the Department of Housing and Urban Development to clarify lender obligations under draft guidance on borrower requests for Reconsideration of Value, or ROV, of appraised properties...
ICBA: CFPB credit card proposal misrepresents community bank model
ICBA raised concerns with a new Consumer Financial Protection Bureau proposed rule on credit card late fees and the bureau’s mischaracterizations of community bank credit card lending.
FDIC issues update on amended HMDA threshold
The FDIC issued a Financial Institution Letter on changes to the loan-origination threshold for reporting Home Mortgage Disclosure Act data on closed-end mortgage loans following a recent court...
Politico spotlights ‘powerful’ ICBA push for crypto oversight
ICBA’s push for policymakers to rein in the crypto industry as part of its agenda for the 118th Congress made headlines in Politico.
SEC rethinking climate disclosure proposal: report
The Securities and Exchange Commission is considering “softening” its ICBA-opposed proposed rule to institute climate-related investor disclosures, according to The Wall Street Journal.
ICBA requests clarity on HUD appraisal guidance
ICBA called on the Department of Housing and Urban Development to clarify lender obligations under draft guidance on borrower requests for Reconsideration of Value, or ROV, of appraised properties...
Proposal would require banks to verify U.S. Treasury checks
The Treasury Department’s Bureau of the Fiscal Service issued a proposed rule to amend its regulations governing the payment of checks drawn on the U.S. Treasury.
Fed raises interest rates 25 basis points
The Federal Open Market Committee raised the federal funds rate target by 25 basis points to a range of 4.5% to 4.75%.
ICBA: Credit Card Proposal Raises Questions About CFPB’s Recognition of Community Bank Business Model
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Consumer Financial Protection Bureau proposed rule on credit card...
ICBA Delivers Policy Priorities to 118th Congress
The Independent Community Bankers of America (ICBA) today shared its policy priorities for the 118th Congress with members of the House and Senate.
House Financial Services Committee announces majority staff
House Financial Services Committee Chairman Patrick McHenry (R-N.C.) announced the panel’s majority staff for the 118th Congress.
ICBA meets with Waters on CDFI certification changes
ICBA continued its campaign opposing changes to the Community Development Financial Institution certification application during a meeting with House Financial Services Committee Ranking Member...
OCC issues bulletin on amended HMDA threshold
The OCC issued a bulletin on changes to the loan-origination threshold for reporting Home Mortgage Disclosure Act data on closed-end mortgage loans following a recent court decision.
FDIC extends deadline on proposed updates to logo rules
The FDIC extended by 45 days the public comment period for proposed changes to its regulations relating to the FDIC’s official sign, official advertising statement, deposit insurance...
ICBA supports federal actions to mitigate nonbank risks
ICBA said it supports several federal actions announced Friday that will help mitigate the risks posed by special-purpose depository institutions and digital assets.
ICBA Supports Federal Actions to Mitigate Nonbank Risks
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s federal actions to help mitigate the risks posed by crypto-asset firms.
ICBA announces passing of former chief executive Ken Guenther
ICBA is mourning the passing of former ICBA President and CEO Ken Guenther, who died Wednesday. Guenther’s fierce passion for community banking has served as an inspiration for many in the industry.
NCUA extends credit union interest rate ceiling
The National Credit Union Administration board voted to extend the 18% interest rate ceiling for loans made by federal credit unions through Sept. 10, 2024.
ICBA Names Stephanie Foster as Director, ThinkTECH Accelerator
ICBA today announced the hire of Stephanie Foster as director, ThinkTECH Accelerator. Foster serves in a newly created position following ICBA’s announced plans to bring its highly successful...
ICBA Shares Tips on How to Protect Your Financial Information
In recognition of Data Privacy Week, the Independent Community Bankers of America (ICBA) is reminding consumers of practical steps to help safeguard their sensitive data and protect against losses...
FHFA announces Fannie, Freddie fee updates
Fannie Mae and Freddie Mac will reduce their upfront fee for commingled securities to 9.375 basis points after announcing a 50-point fee last year, the Federal Housing Finance Agency announced.
Regulators should rethink climate proposals: ICBA op-ed
While federal regulators are working to finalize climate risk proposals that purportedly target the nation's largest financial institutions, the proposals would inevitably subject community banks...
FinCEN announces BSA penalty inflation adjustments
The Financial Crimes Enforcement Network today is set to issue a final rule to reflect annual inflation adjustments to its civil monetary penalties as mandated by the Federal Civil Penalties...
ICBA to Regulators: Apply Stricter Resolution Standards on Large Regional Banks
The Independent Community Bankers of America (ICBA) today urged federal regulators to apply stricter regulatory standards on large regional banks.
ICBA urges CFPB to preempt state TILA law
The Consumer Financial Protection Bureau was incorrect in determining that the Truth in Lending Act does not preempt a recently enacted New York State disclosure law, ICBA said in a new comment...
ICBA, groups to CFPB: Seek input on review of credit card late fee safe harbor
ICBA and other groups called on the CFPB to comply with the Small Business Regulatory Enforcement Fairness Act as it considers reducing or eliminating the safe harbor fee that credit card issuers...
Brainard: Fed ‘staying the course’ in tackling inflation
The Federal Reserve is “determined to stay the course” to address inflation and restore price stability, Fed Vice Chair Lael Brainard said.
CFPB issues guidance on ‘negative option’ subscriptions
The Consumer Financial Protection Bureau issued a circular affirming that companies offering “negative option” subscription services must comply with federal consumer financial protection law.
ICBA updates advocacy dashboard with top priorities
ICBA updated its “Advocacy in Action” government relations dashboard for the first quarter with the latest community banking advocacy successes and priorities.
CFPB updates mortgage servicing exam procedures
The Consumer Financial Protection Bureau released updated mortgage servicing examination procedures for use by CFPB examiners.
OCC details civil money penalty adjustment
The OCC issued a bulletin on its adjustment to the maximum amount of each civil money penalty within its jurisdiction.
ICBA Offers New Digital Transformation Series to Support Community Banks in their Innovation Journeys
The Independent Community Bankers of America (ICBA) announced a series of curriculum-driven events as part of its expanded ICBA ThinkTECH innovation programming.
‘Tell Your Story’ Toolkit offers resources for 2023
ICBA’s complimentary "Tell Your Story" Marketing Communications Toolkit offers new and updated resources to help community banks plan for the year ahead.
FinCEN issues alert on human smuggling at southwest border
The Financial Crimes Enforcement Network issued an alert to support financial institutions in detecting financial activity related to human smuggling along the southwest border of the United States.