The Treasury Department will again extend the deadline to submit applications under its program to invest $9 billion in Minority Depository Institutions (MDIs) and Community Development Financial Institutions.
Congress is under increasing pressure to investigate credit union acquisitions of community banks, ICBA President and CEO Rebeca Romero Rainey wrote in a recent article on LinkedIn.
The Consumer Financial Protection Bureau released a Spanish-language translation of certain model clauses available for use in early-intervention written notices issued under its mortgage-servicing rules.
The Federal Reserve said it will release a new tool this month to help community banks implement the Current Expected Credit Losses accounting standard.
The Federal Housing Finance Agency issued a policy statement on its commitment to comprehensive fair lending oversight of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.
The IRS upgraded an online tool to enable families to update their bank account information so they can receive their monthly Child Tax Credit payment.
The Department of Housing and Urban Development recently proposed rescinding its 2020 rule interpreting the Fair Housing Act’s "disparate impact" standard and restoring its 2013 rule on discriminatory effects.
The pandemic has accelerated the implementation of instant payments and the need for community banks to have a strategy in place, according to the latest Main Street Matters post.
The Federal Financial Institutions Examination Council released 2020 Home Mortgage Disclosure Act data showing the impact of regulatory relief on HMDA reporting.
