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CFPB launches rural America initiative

Mar 11, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau launched an initiative to focus on financial issues facing rural America.

ICBA campaign targeting credit union tax exemption

Mar 9, 2022 | NewsWatch Today
ICBA is running a targeted digital campaign encouraging congressional offices to press credit unions on acquisitions of community banks and other key issues.

ICBA supports Senate TAILOR Act

Mar 9, 2022 | NewsWatch Today
ICBA expressed support for Senate legislation to promote tiered banking regulation by requiring agencies to tailor regulatory actions based on the risk profile and business model of affected institutions.

New sanctions target Russian billionaires, disinformation

Mar 4, 2022 | NewsWatch Today
The Treasury and State departments announced additional sanctions on Russian individuals and companies for supporting the Russian government despite existing sanctions.

FinCEN: Beneficial ownership rulemaking next step in BSA/AML overhaul

Mar 4, 2022 | NewsWatch Today
The Financial Crimes Enforcement Network is working to issue proposed rules on beneficial ownership information access and disclosure requirements, FinCEN Deputy Director AnnaLou Tirol said.

Biden administration announces sweeping Russia sanctions

Feb 25, 2022 | NewsWatch Today
The Biden administration announced a new set of economic sanctions against Russia following its launch of a military operation in Ukraine.

FHFA re-proposes GSE seller-servicer eligibility requirements

Feb 25, 2022 | NewsWatch Today
The Federal Housing Finance Agency re-proposed minimum financial eligibility requirements​ for Fannie Mae and Freddie Mac seller-servicers.

CFPB issues QM fact sheet on certain adjustable-rate loans

Feb 24, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau released a fact sheet on the interest rate used to calculate prepaid interest for qualified mortgages under the price-based General QM definition.

CFPB launches review of automated appraisal models

Feb 24, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau released an outline of options to strengthen oversight of computer models used to help determine home valuations.

ICBA offers America Saves Week resources

Feb 23, 2022 | NewsWatch Today
ICBA’s Tell Your Story Marketing and Communications Toolkit offers a customizable news release and social media graphics to help community banks recognize America Saves Week this week.

Blog: How new BIN standards affect community banks

Feb 23, 2022 | NewsWatch Today
The latest blog post from ICBA Bancard President and CEO Tina Giorgio spotlights new Bank Identification Number standards taking effect in April.

OCC issues FAQs on CRA rescission

Feb 23, 2022 | NewsWatch Today
The OCC issued responses to frequently asked questions about its December 2021 final rule that rescinded its June 2020 Community Reinvestment Act rule and reinstated the 1995 interagency CRA rule.