NewsWatch Today

The Consumer Financial Protection Bureau issued an updated 1071 proposed rule that would exempt more community banks and small-business loans, as advocated by ICBA.

ICBA published a new white paper detailing why policymakers should close the industrial loan company loophole, which allows ILCs and their parent companies to skirt regulatory oversight, endangering consumers and the economy.

The Consumer Financial Protection Bureau proposed amending provisions related to disparate impact standards.

ICBA welcomed a bipartisan Senate effort to end the federal shutdown and reopen the government.

The latest Independent Banker magazine breaks down an ICBA-supported law to rein in the sale of mortgage “trigger leads.”

Asset valuation pressures, borrowing by businesses and households, financial-sector leverage, and funding risks are the primary vulnerabilities in the U.S. financial system, according to the Federal Reserve’s semiannual Financial Stability Report.

A new blog post from the Federal Reserve Bank of Atlanta examines possible rounding methods the United States could use when penny production is phased out.

In a new letter to the editor, ICBA community banker Jeff Dick says that credit unions wanting access to municipal deposits without contributing back to the communities they claim to serve is a bad deal for Virginia.

The FDIC announced that Community Reinvestment Act evaluations will occur less frequently for most institutions.

ICBA urged the OCC to reject Sony Bank’s application for a national trust bank charter for a proposed subsidiary—its latest response to the sudden influx of applications from nonbank fintechs.

The agency is encouraging banks to work constructively with borrowers experiencing difficulties beyond their control because of damage caused by the severe conditions.

ICBA’s unique call for the Consumer Financial Protection Bureau to exempt community banks from its 1033 rule—and big banks’ opposition to a community bank exemption—is making news.