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ICBA applauded the federal banking agencies for announcing plans to rescind their final rule reforming the Community Reinvestment Act, citing its disproportionate implementation costs for community banks.

ICBA commended the SEC for ending the defense of its rule requiring public companies to issue climate-related disclosures, which would have a damaging impact on the capital markets, community banks, and the customers they serve.

After the ICBA-supported Congressional Review Act resolution, S.J. Res 18, last week passed the Senate, it moves to the House of Representatives, where a vote is expected this week—requiring ongoing community banker grassroots outreach to Congress.

ICBA commended the Senate for passing a resolution to overturn the Consumer Financial Protection Bureau’s final rule on overdraft services.

The Securities and Exchange Commission voted to end its legal defense of its ICBA-opposed rule requiring climate-related investor disclosures.

As policymakers continued to ramp up their work on federal policy, ICBA this week:

BankTech Ventures is scheduled to host “Investing in the Future of Community Banking – A Banker’s Perspective” at 3 p.m. (Eastern time) Wednesday, April 2.

With the Senate set to vote on an ICBA-advocated resolution to overturn the Consumer Financial Protection Bureau’s overdraft rule, ICBA is calling on community bankers to urge their senators to vote in favor of the measure.

ICBA applauded the Trump administration for working to combat the threat of check fraud by addressing the Treasury Department’s use of paper checks.

The Federal Housing Administration published revisions to residency requirements that will eliminate the “Non-permanent Residents” category in both the Single Family Title I and Title II programs.

The Treasury Department announced the formal publication of the Financial Crimes Enforcement Network interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information to FinCEN under the Corporate Transparency Act.

The Consumer Financial Protection Bureau withdrew a court filing in which it previously argued that online-initiated wire transfers are subject to the Electronic Fund Transfer Act and Regulation E.