Law professor Saule Omarova withdrew her nomination to lead the Office of the Comptroller of the Currency following public opposition by ICBA and affiliated state community banking groups.
The Consumer Financial Protection Bureau finalized a rule facilitating the transition away from the LIBOR interest rate index for consumer financial products.
The Financial Crimes Enforcement Network issued a proposed rule to implement ICBA-advocated beneficial ownership reporting provisions of the Corporate Transparency Act passed in 2020.
The Department of Housing and Urban Development released guidance clarifying that special-purpose credit programs that conform with the Equal Credit Opportunity Act and Regulation B generally do not violate the Federal Fair Housing Act.
The Consumer Financial Protection Bureau should extend its inquiry of the six largest technology companies to all tech firms that participate in payments and financial services or hold consumer data, ICBA said.
Shares and deposits at federally insured credit unions increased 14.4% in the third quarter from the previous year, the National Credit Union Administration reported.
A U.S. Postal Service pilot program to test postal banking will further complicate already-strained mail delivery, Sen. John Boozman (Ark.) wrote in a new op-ed.
ICBA this week began calling on community bankers to submit personalized comments on the Consumer Financial Protection Bureau’s proposal to implement Dodd-Frank Section 1071 collection and reporting requirements.
ICBA called on senators to support the inclusion of an ICBA-advocated cannabis banking safe harbor as an amendment to a pending defense authorization bill.
