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OCC issues revised HMDA exam procedures

Dec 20, 2021 | NewsWatch Today
The OCC issued revised interagency Home Mortgage Disclosure Act examination procedures for determining HMDA compliance. The new procedures update interagency procedures issued in April 2019.

Court rules in favor of employer vaccine mandate

Dec 20, 2021 | NewsWatch Today
A federal appeals court ruled that the Biden administration’s COVID-19 vaccine mandate for employers with 100 or more employees may proceed, reversing a separate court’s administrative stay of enforcement.

Complete 1071 grassroots resources available

Dec 17, 2021 | NewsWatch Today
ICBA offers comprehensive resources for its grassroots comment letter campaign on the Consumer Financial Protection Bureau’s 1071 data collection and reporting requirements.

ICBA on American Banker podcast: New IRS reporting still a threat

Dec 17, 2021 | NewsWatch Today
ICBA continues its battle against the IRS bank reporting proposal, ICBA’s Paul Merski says on a new American Banker podcast.

OCC seeks feedback on climate principles for large banks

Dec 17, 2021 | NewsWatch Today
The OCC requested feedback on draft principles designed to help identify and manage climate-related financial risks at OCC-supervised institutions with more than $100 billion in assets.

Agencies adjust CRA asset thresholds

Dec 17, 2021 | NewsWatch Today
Federal regulators announced the annual adjustment to Community Reinvestment Act thresholds.

Senate, House continue pushback on SBA direct lending

Dec 15, 2021 | NewsWatch Today
ICBA’s grassroots campaign against efforts to authorize SBA direct lending under its 7(a) loan program got a boost Tuesday in the Senate and House.

McWilliams denies including merger review vote in FDIC minutes

Dec 15, 2021 | NewsWatch Today
FDIC Chairman Jelena McWilliams denied a request by Consumer Financial Protection Bureau Director Rohit Chopra to include in the agency’s official minutes a vote to request public feedback on its bank-merger framework.

As Senate meets on stablecoins, ICBA urges coordinated approach

Dec 15, 2021 | NewsWatch Today
Policymakers should take a comprehensive, coordinated regulatory approach to stablecoins and other digital assets, ICBA told the Senate Banking Committee.

CFPB updates electronic fund transfer FAQs

Dec 15, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau updated its frequently asked questions on electronic fund transfers.

FinCEN seeks comments on modernizing AML/CFT regime

Dec 15, 2021 | NewsWatch Today
The Financial Crimes Enforcement Network requested comments on updating the U.S. anti-money-laundering and countering-the-financing-of-terrorism regime.

OCC issues final rule rescinding CRA rule

Dec 15, 2021 | NewsWatch Today
The OCC issued a final rule to rescind its June 2020 Community Reinvestment Act rule and reinstate the 1995 interagency CRA rule.