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ICBA Commends House for Passing Resolution to Scrap CFPB’s Onerous Small-Business Reporting Rule
ICBA today commended the House for passing a bipartisan, ICBA-advocated resolution (S.J.Res.32) to nullify the CFPB’s Section 1071 small-business data collection and reporting requirements and...
ICBA Supports CFPB Approval of Project to Improve Mortgage Disclosures
ICBA today 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...
ICBA launching survey on recent regulatory changes
ICBA in the coming days will launch a survey on the value of community banks, small-business lending, and the regulatory environment.
ICBA Strongly Opposes CFPB Arbitration Agreements Final Rule
ICBA Strongly Opposes CFPB Arbitration Agreements Final Rule ICBA President and CEO Camden R. Fine released a statement on the Arbitration Agreements final rule issued by the Consumer Financial...
CFPB Issues Proposed Rule on Debt Collection
CFPB Issues Proposed Rule on Debt Collection The Consumer Financial Protection Bureau issued a notice of proposed rulemaking to implement the Fair Debt Collection Practices Act. Under its proposal,...
Court Delays Bureau’s Small-Dollar Rule
Court Delays Bureau’s Small-Dollar Rule A federal court this week granted the Bureau of Consumer Financial Protection’s request to delay the effective date of its rule on small-dollar loans. The...
Bureau Offers HMDA Verification Tool
Bureau Offers HMDA Verification Tool The Bureau of Consumer Financial Protection launched the File Format Verification Tool for HMDA data collected in 2018 and submitted in 2019. The tool tests...
Consumer Bureau Joins Innovation Network
Consumer Bureau Joins Innovation Network The Bureau of Consumer Financial Protection and 11 international financial regulators said they plan to create a global network to promote innovation. The...
ICBA: Extend consumer protections to data aggregators
ICBA: Extend consumer protections to data aggregators ICBA called on the Consumer Financial Protection Bureau to ensure nonbanks that access customer financial information take the same care in...
Kraninger steps down from CFPB
Kraninger steps down from CFPB Kathy Kraninger announced Wednesday that she resigned as Consumer Financial Protection Bureau director, as requested by President Joe Biden's administration. Kathy...
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...
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 Advocacy Leads to Nationwide Community Bank Relief from 1071 Small-Business Rule
ICBA, IBAT and Texas First Bank today announced that the U.S. District Court for the Southern District of Texas has granted their request to expand injunctive relief from the Consumer Financial...
ICBA Statement on Today’s CFPB Proposed Rule on Sharing Consumer Financial Data
ICBA President and CEO Rebeca Romero Rainey issued the following statement on today’s Consumer Financial Protection Bureau proposal to implement Section 1033 standards for sharing consumer...
ICBA advocacy leads to nationwide 1071 injunction
A federal court granted an ICBA request to expand injunctive relief from the Consumer Financial Protection Bureau’s Section 1071 final rule to all community banks nationwide.
CFPB issues 1033 proposal on sharing consumer data
The Consumer Financial Protection Bureau released its proposal to implement standards for sharing consumer financial data under Section 1033 of the Dodd-Frank Act.
ICBA to CFPB: Include Community Bank Exemption in 1033 Proposal on Sharing Consumer Financial Data
The Independent Community Bankers of America (ICBA) today urged the Consumer Financial Protection Bureau to exempt certain community banks from proposed standards for sharing consumer financial data.
ICBA to CFPB: Small-biz review needed ahead of overdraft proposal
ICBA and other groups called on the CFPB to hold off on any rulemakings related to overdraft and non-sufficient-funds fees until it conducts a statutorily required review under the Small Business...
ICBA urges community bank exemptions in 1033 rule
ICBA urged the Consumer Financial Protection Bureau to exempt certain community banks from proposed standards for sharing consumer financial data.
ICBA guidebook on CFPB’s 1033 rule spotlights ongoing advocacy
ICBA recently released its Open Banking Guidebook detailing the Consumer Financial Protection Bureau’s final rule implementing Section 1033 of the Dodd-Frank Act.
ICBA urges CFPB to halt informal regulatory actions
In light of President Donald Trump’s Jan. 20 executive order freezing new rulemaking activity, ICBA urged the Consumer Financial Protection Bureau to stop issuing new informal regulatory actions.
CFPB extends compliance dates for 1071 rule
The Consumer Financial Protection Bureau issued an interim final rule to extend compliance deadlines for its 1071 small-business rule following a Supreme Court ruling that ended a temporary...
Agencies release updated mortgage survey data
The Consumer Financial Protection Bureau and Federal Housing Finance Agency published updated loan-level data collected through the National Survey of Mortgage Originations.
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 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 urges CFPB to expand 1033 exemption for community banks
ICBA called on the Consumer Financial Protection Bureau to exempt from its 1033 rule requirements all community banks with assets $10 billion and under.
ICBA discusses 1033 rulemaking in meeting with CFPB
Senior ICBA staff met with Consumer Financial Protection Bureau leaders to discuss its Section 1033 rulemaking on sharing consumer financial data.
Court halts 1033 rule compliance deadline
The U.S. District Court for the Eastern District of Kentucky stayed the compliance deadline for the Consumer Financial Protection Bureau’s Section 1033 rule.
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
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 continues advocating 1033 exemption in latest report
In a new American Banker article (subscription required), ICBA continued its call for the Consumer Financial Protection Bureau to include a community bank exemption in its pending 1033 rule on...
CFPB sets up webpage for standard-setting organizations
The Consumer Financial Protection Bureau set up a webpage for public comment applications to become a recognized standard setter under the Personal Financial Data Rights Rule.
CFPB issues advisory on medical debt collection
The Consumer Financial Protection Bureau issued an advisory opinion that said debt collectors, which may include third-party “revenue cycle management” companies, are violating federal law when...
CFPB: Banks need to keep proof of consent for certain overdraft fees
The CFPB issued a circular that says a financial institution violates the Electronic Fund Transfer Act and Regulation E.
CFPB releases FAQs on ‘buy now, pay later’ products
The Consumer Financial Protection Bureau released frequently asked questions to help industry participants understand, implement, and comply with the requirements in Regulation Z for “buy now, pay...
CFPB targets rental, medical debt in latest report
The Consumer Financial Protection Bureau issued its annual report to Congress on debt collection, which focuses on medical debt and rental debt.
CFPB proposes amendment to remittance transfer rule
The Consumer Financial Protection Bureau issued a proposed rule with an amendment to disclosure requirements for certain international money transfers.
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...
ICBA urges CFPB to simplify rule on earned wage access products
ICBA told the Consumer Financial Protection Bureau that its proposed interpretive rule on “earned wage access” products defines “debt” too broadly.
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.
Lawmakers: CFPB’s medical debt proposal will make health care more expensive
Republican members of the House Financial Services Committee said the Consumer Financial Protection Bureau’s proposal to remove medical debt from credit reports will make health care more expensive...
CFPB: federal rules apply to contract-for-deed arrangements
The Consumer Financial Protection Bureau issued an advisory opinion and research report on contracts for deed, a form of home seller financing.
CFPB updates small business lending instructions
The Consumer Financial Protection Bureau updated its 2025 Small Business Lending Filing Instructions Guide.
IRS forms coalition to combat growing scams
The Internal Revenue Service announced it has formed a coalition with state tax agencies and the tax industry to combat the growth of scams and schemes threatening taxpayers and tax systems.
CFPB says it will consider eliminating credit card late fee safe harbor
The Consumer Financial Protection Bureau said it plans to assess whether to eliminate the credit card late fee safe harbor under Regulation Z.
ICBA: Removing medical debt information from credit reporting won’t work
ICBA told the Consumer Financial Protection Bureau that its proposed rule to remove medical debt information from credit reporting will lead to inaccurate reports and hinder community banks’...
ICBA continues call for 1033 exemption in new article
The Consumer Financial Protection Bureau should exempt banks with less than $850 million in assets from its pending rule on sharing consumer financial data, ICBA told American Banker.
CFPB spotlights violations from recent exams
The CFPB said that its recent examinations revealed unfair, deceptive, or abusive acts at companies servicing auto loan and student loans; Fair Debt Collection Practices Act violations by debt...
CFPB proposes mortgage servicing rule
The Consumer Financial Protection Bureau issued a proposed rule to amend mortgage servicing rules under Regulation X.
ICBA Statement on Media Reports of CFPB Actions, Banking Agency Consolidation
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on media reports related to actions at the Consumer Financial Protection Bureau...
ICBA Congratulates Jonathan McKernan on CFPB Director Nomination
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on President Donald Trump’s nomination of Jonathan McKernan to serve as...