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CFPB proposes amending disparate impact rules
The Consumer Financial Protection Bureau proposed amending provisions related to disparate impact standards.
Audit finds CFPB’s information security is not effective
The Consumer Financial Protection Bureau’s Office of the Inspector General released an audit that found the bureau’s information security program is no longer effective.
Trump nominates new CFPB head
Trump nominates new CFPB head President Donald Trump nominated Stuart Levenbach to be director of the Consumer Financial Protection Bureau for a five-year term. Background: Levenbach has served...
ICBA: Biden Administration's Flawed Remarks on Overdraft Are Misleading and Dangerous to Community Banks and The Customers They Serve
ICBA President and CEO Rebeca Romero Rainey issued this statement following the release of overdraft protection guidance from the Consumer Financial Protection Bureau (CFPB), along with related...
ICBA Offers Cybersecurity Tips to Help Safeguard Sensitive Data
ICBA Offers Cybersecurity Tips to Help Safeguard Sensitive Data ICBA and the nation’s community banks are reminding consumers of simple actions they can take during Cybersecurity Awareness Month...
CFPB expands anti-discrimination oversight under UDAAP authority
The Consumer Financial Protection Bureau said it is expanding its “anti-discrimination efforts” beyond credit products to counter discriminatory practices “across the board in consumer finance.”
CFPB ending no-action-letter, sandbox policies
The Consumer Financial Protection Bureau is allowing its ICBA-supported policies on no-action letters and compliance assistance sandboxes to expire, cementing the agency’s transition away from...
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.
CFPB issues guidance targeting review fraud
The CFPB’s guidance describes certain business practices related to customer reviews that are generally unlawful under the Consumer Financial Protection Act.
ICBA Urges Congress to Override Veto of Resolution Scrapping Onerous Small-Business Reporting Rule
ICBA today expressed opposition to President Joe Biden’s veto of a bipartisan resolution that would nullify the Consumer Financial Protection Bureau’s Section 1071 small-business data collection...
CFPB signals focus on AI in loan underwriting
The Consumer Financial Protection Bureau indicated it will focus on the use of artificial intelligence in loan underwriting and will take enforcement action if algorithmic underwriting models...
CFPB extends deadline for feedback on data brokers
The Consumer Financial Protection Bureau extended the comment deadline on its request for information on data brokers, such as credit reporting companies and background screening firms, and how the...
CFPB accepting Community Bank Advisory Council applications
The Consumer Financial Protection Bureau is now accepting applications for membership on the Community Bank Advisory Council and other advisory committees through July 16.
CFPB approves ICBA proposal to improve mortgage disclosures
ICBA expressed support for the Consumer Financial Protection Bureau’s approval of ICBA’s proposed template to improve mortgage disclosures required under TILA-RESPA Integrated Disclosure rules.
ICBA urges preliminary notice on credit reporting rulemaking
ICBA and other groups called on the Consumer Financial Protection Bureau to issue an advance notice of proposed rulemaking before releasing its upcoming proposed rule on credit reporting.
ICBA, groups: CFPB should reject petition for arbitration rerun
ICBA and other groups urged the Consumer Financial Protection Bureau to deny a recent petition seeking a rulemaking that would ban pre-dispute arbitration provisions in contracts for consumer...
ICBA pushing grassroots outreach ahead of House 1071 vote
With the House expected to vote this week on an ICBA-advocated resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA is calling on community bankers to urge their...
House set to vote this week on 1071 reversal
With the House expected to vote this week on an ICBA-advocated resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA is calling on community bankers to urge their...
Supreme Court to begin hearing arguments on CFPB constitutionality
The U.S. Supreme Court today is set to hear arguments in a case challenging the constitutionality of the Consumer Financial Protection Bureau.
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.
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.
CFPB issues guidance on financial comparison-shopping sites
The CFPB issued guidance to law enforcement agencies and regulators explaining how companies operating comparison-shopping tools can break the law when they steer consumers to certain products or...
ICBA Statement on Overdraft Proposed Rule’s Community Bank Exemption
ICBA President and CEO Rebeca Romero Rainey issued the following statement on today’s Consumer Financial Protection Bureau proposed rule on overdraft services, which would exempt community banks...
CFPB report on credit reporting rulemaking includes ICBA input
The Consumer Financial Protection Bureau released a report on its small-business review ahead of issuing new rules under the Fair Credit Reporting Act.
ICBA briefs GAO on authorized payment fraud
ICBA this week met with Government Accountability Office officials to discuss authorized payment fraud, in which scammers dupe consumers into authorizing payments.
CFPB issues guidance to consumer reporting companies
The Consumer Financial Protection Bureau issued guidance to consumer reporting companies to address inaccurate background check reports and credit file sharing practices.
CFPB director says a level playing field is needed in CRA modernization
Consumer Financial Protection Bureau Director Rohit Chopra provided his semi-annual report to the House Financial Services Committee. Highlights:
Agencies finalize rule on automated valuation models
Federal financial services regulators issued a final rule to implement quality control standards for automated valuation models, or AVMs, which mortgage lenders use to value real estate collateral.
ICBA urges Congress to override veto of 1071 resolution
ICBA expressed opposition to President Joe Biden’s veto of a bipartisan resolution to overturn the Consumer Financial Protection Bureau’s Section 1071 rule and called on Congress to override the veto.
Biden vetoes ICBA-advocated 1071 resolution
President Joe Biden vetoed an ICBA-advocated bipartisan resolution to overturn the Consumer Financial Protection Bureau’s Section 1071 rule.
CFPB reports on credit reporting violations as it considers rulemaking
The Consumer Financial Protection Bureau issued a report on accuracy problems in the credit reporting system.
CFPB report targets financial transactions in video games
The Consumer Financial Protection Bureau issued a report examining the growth of financial transactions in online video games and virtual worlds.
CFPB planning credit reporting rulemaking this year: Chopra
The Consumer Financial Protection Bureau is planning to propose rules this year to ensure data brokers comply with the Fair Credit Reporting Act, CFPB Director Rohit Chopra said.
CFPB monitoring use of mortgage discount points
The Consumer Financial Protection Bureau said it is monitoring the increase in homebuyers paying “discount points” in recent years.
CFPB finalizes rule on credit card late fees with community bank exemption
ICBA said it remains concerned about the unintended consequences of a newly released Consumer Financial Protection Bureau final rule to cut credit card late fees despite an exemption for the...
ICBA Statement on CFPB Rulemaking on Credit Card Late Fees
Independent Community Bankers of America President and CEO Rebeca Romero Rainey released the following statement on today’s Consumer Financial Protection Bureau final rule on credit card fees for...
CFPB issues guidance on remittance advertising
The Consumer Financial Protection Bureau issued a circular warning remittance transfer providers—including digital wallets—that false advertising about the cost or speed of sending a...
ICBA again rejects Biden ‘junk fee’ remarks
ICBA rejected President Joe Biden’s latest mischaracterization of overdraft services and credit card fees for late payments as “junk fees.”
Hearing this week on CFPB overreach
Hearing this week on CFPB overreach
ICBA will continue the fight after court denies motion challenging 1071 rule
ICBA will continue fighting the Consumer Financial Protection Bureau’s 1071 small-business rule after a U.S. District Court denied ICBA’s legal challenge to the agency’s rulemaking.
CFPB report: Retail chains charging cash-back fees to customers using debit cards
The Consumer Financial Protection Bureau issued a report that said Americans are paying tens of millions of dollars in fees to access their own money when getting cash back at large retail stores...
CFPB releases beta test of small business lending platform
The Consumer Financial Protection Bureau announced the availability of the beta platform for the small business lending data collection rule pursuant to section 1071 of the Dodd-Frank Act.
ICBA appealing court ruling on CFPB’s 1071 rule
Following a district court decision denying ICBA’s lawsuit challenging the Consumer Financial Protection Bureau’s 1071 small-business rule, ICBA is now appealing the ruling.
CFPB updates small business lending instructions
The Consumer Financial Protection Bureau updated its 2025 Small Business Lending Filing Instructions Guide.
ICBA Congratulates Consumer Financial Protection Bureau Director Rohit Chopra on Confirmation
ICBA Congratulates Consumer Financial Protection Bureau Director Rohit Chopra on Confirmation Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following...
ICBA Urges CFPB to Expand Exemptions from 1071 Reporting Rules
ICBA today called on the Consumer Financial Protection Bureau to exempt more community banks and small businesses from its proposal to implement new small-business loan data collection and...
ICBA supports barring adverse credit reporting on human trafficking victims
ICBA expressed support for a Consumer Financial Protection Bureau proposed rule that would prohibit consumer reporting agencies from reporting adverse information on victims of human trafficking.
CFPB report on rural challenges doesn’t account for reg burden
The Consumer Financial Protection Bureau issued a report on the challenges faced by Americans in rural communities.
CFPB: Credit bureaus top consumer complaints
CFPB: Credit bureaus top consumer complaints More than half of all consumer complaints received by the Consumer Financial Protection Bureau from January 2020 through September 2021 were directed at...
ICBA to CFPB: Guidance on abusive conduct doesn’t acknowledge other regulations
The CFPB’s policy statement that explains the legal prohibition on abusive conduct in consumer financial markets fails to acknowledge the myriad rules and regulations that apply to insured...
CFPB, OCC penalize BofA for re-presentment fees, other practices
The Consumer Financial Protection Bureau and OCC announced penalties against Bank of America for assessing multiple overdraft and non-sufficient-funds fees against customers for a single...
ICBA: Community banks not ‘furnishers’ under fair credit law
Community banks should not be classified as data furnishers when data brokers obtain consumer information from a bank, ICBA told the Consumer Financial Protection Bureau.
CFPB: Most consumer complaints target credit reports
The CFPB said more than three-quarters of its consumer complaints in 2022 focused on credit or consumer reporting, primarily related to inaccurate information on consumer credit reports.
CFPB hearing targeting medical billing
The Consumer Financial Protection Bureau said it will host a hearing next week on medical billing and collections issues, including medical credit cards and installment loans.
CFPB to Congress: ICBA mortgage disclosure proposal could benefit housing market
The Consumer Financial Protection Bureau promoted its recent approval of ICBA’s proposed template to improve mortgage disclosures in testimony before Congress.
House passes ICBA-advocated resolution to scrap CFPB 1071 rule
ICBA commended the House for passing an ICBA-advocated resolution to nullify the Consumer Financial Protection Bureau’s Section 1071 small-business data collection and reporting requirements.
Chopra pressed on 1071 rule during Senate hearing
Consumer Financial Protection Bureau Director Rohit Chopra faced questions from Congress about the bureau’s Section 1071 small-business data reporting rule.
House set to vote today on nullifying 1071 rule
ICBA is calling on community bankers to urge their members of Congress to support a resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule ahead of a House vote slated for...
ICBA Commends Senate for Passing Resolution to Scrap CFPB’s 1071 Small-Business Reporting Rule
ICBA today commended the Senate for passing an ICBA-advocated resolution (S.J.Res.32) to nullify the CFPB’s Section 1071 small-business data collection and reporting requirements.
CFPB, DOJ: Law protects credit applicants regardless of immigration status
The Consumer Financial Protection Bureau and Justice Department said in a joint statement that all credit applicants are protected from discrimination under the Equal Credit Opportunity Act,...