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Nominations open for Best Community Banks to Work For awards

Jul 5, 2022 | NewsWatch Today
ICBA’s Independent Banker magazine opened nominations for its 2022 Best Community Banks to Work For awards.

Fed: Community Banking Connections makes business case for relationship banking

Jul 5, 2022 | NewsWatch Today
The latest issue of the Federal Reserve’s Community Banking Connections herald's the financial resilience and commitment of the nation's community banks in serving local communities throughout the pandemic.

ICBA offers guidance on FDIC’s new approach to re-presented transactions

Jun 30, 2022 | NewsWatch Today
With the FDIC taking a new, stricter approach to how banks treat single items that are repeatedly rejected for insufficient funds, ICBA released a member protected fact sheet on the issue with recommendations for reducing the risk of penalties.

ICBA issues summary on CRA modernization proposal

Jun 29, 2022 | NewsWatch Today
ICBA released a summary of the banking agencies’ proposed update to Community Reinvestment Act regulations.

CFPB: States can issue fair credit reporting laws

Jun 29, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau issued an interpretive rule affirming states’ abilities to issue their own fair credit reporting laws.

Committee set to vote on ILC bill after pulling overdraft measure

Jun 23, 2022 | NewsWatch Today
The House Financial Services Committee today is set to vote on ICBA-advocated legislation to close the industrial loan company loophole after pulling an ICBA-opposed bill to implement overdraft restrictions.

CFPB initiates review of credit card late fees

Jun 23, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau issued an advance notice of proposed rulemaking to reopen CARD Act rules that regulate how much financial firms can charge in credit card late fees.

ICBA, groups urge FDIC to reconsider appeals office change

Jun 23, 2022 | NewsWatch Today
ICBA and other groups called on the FDIC to reconsider its decision to eliminate the Office of Supervisory Appeals and reinstate the agency’s Supervision Appeals Review Committee.

CFPB planning 1071 final rule by March 2023

Jun 23, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau plans to issue a final rule implementing Section 1071 small-business reporting requirements by March 2023, according to a timeline released by the Office of Management and Budget.

Committee reschedules ILC, overdraft markup

Jun 17, 2022 | NewsWatch Today
The House Financial Services Committee rescheduled for next week its markup of several key bills after postponing it earlier this week. The markup is now set to start at 10 a.m. (Eastern time) this Wednesday, June 22.

Agencies release 2021 HMDA data

Jun 17, 2022 | NewsWatch Today
The Federal Financial Institutions Examination Council released 2021 Home Mortgage Disclosure Act data for 4,338 U.S. financial institutions.

CFPB gathering overdraft data for regulatory follow-up

Jun 17, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau said it intends to use information it is gathering from financial institutions on their overdraft practices to identify institutions for further regulatory review.