Federal regulators announced they will extend the comment period on proposed guidance designed to help banks manage risks associated with third-party relationships.
The Consumer Financial Protection Bureau issued a Federal Register notice affirming that two debt collection final rules will take effect as planned on Nov. 30.
Two-thirds of voters (67%) oppose a proposal that would allow the IRS to collect bank account deposit and withdrawal information from American consumers, the Independent Community Bankers of America announced.
ICBA announced winners of its 2021 National Community Bank Service Awards, which celebrate the outstanding service and creative volunteer efforts of the nation’s community banks.
The head of the IRS is advocating to Congress an ICBA-opposed proposal that would require banks to report their customers’ account information to the agency—underscoring the importance of ICBA’s consumer-facing campaign opposing the plan.
ICBA told Congress that the Paycheck Protection Program needs a simple, easy-to-use forgiveness process to ensure the program works as intended for small-business borrowers.
ICBA’s consumer-facing campaign opposing a proposal to require the IRS to monitor bank account information has struck a nerve with community bank customers.
The Consumer Financial Protection Bureau issued a proposed rule to implement Dodd-Frank Section 1071, which requires the bureau to implement data collection and reporting requirements for small-business lending.
Community bank customers have joined the industry in expressing opposition to the Biden administration’s proposal to require banks to report their customers’ account information to the IRS.
A new Financial Times article (paywall) reports on how community banks have been “irreplaceable” during the pandemic, including by leading the Paycheck Protection Program response.
