Newsroom Graphic

NewsWatch Today

ICBA pushback on FHFA capital standards rules makes headlines

Oct 24, 2022 | NewsWatch Today
ICBA’s joint letter urging the Federal Housing Finance Agency to align its capital standards with federal banking agencies was covered in PoliticoPro, American Banker, and Housing Wire.

CFPB directs credit bureaus to screen for nonsensical data in credit reports

Oct 21, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau issued guidance directing consumer reporting companies to take necessary steps to detect and remove conflicting or nonsensical “junk data” from consumer credit reports.

Court rules CFPB funding structure unconstitutional

Oct 21, 2022 | NewsWatch Today
A federal appeals court ruled that the Consumer Financial Protection Bureau's funding method is unconstitutional.

FDIC board meeting tomorrow on assessments, supervisory appeals

Oct 17, 2022 | NewsWatch Today
The FDIC scheduled a board meeting for tomorrow to vote on its ICBA-opposed proposals to dramatically increase deposit insurance assessments and to eliminate its Office of Supervisory Appeals.

Interchange measure cut from defense bill, but threat remains

Oct 17, 2022 | NewsWatch Today
While a must-pass defense bill excludes ICBA-opposed legislation that would create new credit card routing mandates, ICBA continues urging community bankers to speak out against the proposed Durbin Amendment expansion.

Fed’s Waller ‘highly skeptical’ of U.S. CBDC

Oct 17, 2022 | NewsWatch Today
Federal Reserve Governor Christopher Waller laid out his opposition to a U.S. central bank digital currency, saying he is “highly skeptical” of the need for a digital dollar.

ICBA Foundation continues seeking Hurricane Ian donations

Oct 14, 2022 | NewsWatch Today
The new ICBA Foundation Disaster Relief Program has raised more than $25,000 in its first 48 hours to assist community bank employees affected by Hurricane Ian—but more donations are needed from community bankers nationwide to support industry colleagues in Florida.

Defense bill leaves out interchange measure, but ICBA campaign continues

Oct 14, 2022 | NewsWatch Today
The Senate version of a must-pass defense bill introduced this week excludes ICBA-opposed legislation that would create new credit card routing mandates, though the threat of the Durbin Amendment expansion remains.

Survey shows LIBOR transition work remains

Oct 14, 2022 | NewsWatch Today
The Alternative Reference Rates Committee released survey results that found most respondents indicated they have documented plans in place to remediate USD LIBOR business loans prior to LIBOR’s discontinuation June 30, 2023, though more work remains.

CFPB finds high fees on college-endorsed banking products

Oct 14, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau published a report raising questions about whether some marketing deals between colleges and financial institutions comply with Department of Education rules.

ICBA, state groups urge opposition to Durbin Amendment expansion

Oct 12, 2022 | NewsWatch Today
ICBA and 44 state community banking associations called on Congress to oppose legislation that would create new credit card routing mandates that expand on Durbin Amendment interchange restrictions.

Hsu: Agencies targeting crypto risks, interconnectedness

Oct 12, 2022 | NewsWatch Today
Acting Comptroller of the Currency Michael Hsu warned of risks posed by crypto-assets and laid out some of his priorities for bringing them within the regulatory perimeter.