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ICBA: Removing medical debt information from credit reporting won’t work

Aug 13, 2024 | NewsWatch Today
ICBA told the Consumer Financial Protection Bureau that its proposed rule to remove medical debt information from credit reporting will lead to inaccurate reports and hinder community banks’ ability to comply with other regulations.

ICBA: Agencies don’t need specific regulations on AI

Aug 13, 2024 | NewsWatch Today
ICBA said the Treasury Department and federal banking agencies do not need to issue specific regulations to govern artificial intelligence usage because overly prescriptive regulations may stifle the use of AI in the banking sector.

Fed’s Bowman: Bankers and regulators aren’t on the same page about M&A

Aug 13, 2024 | NewsWatch Today
When it comes to process reform for mergers and acquisitions, it can feel like bankers and regulators are living in different worlds, according to Federal Reserve Governor Michelle Bowman.

ICBA: FHFA overstepping with FHLBank inquiry

Aug 12, 2024 | NewsWatch Today
The Federal Housing Finance Agency does not have the authority to redefine the mission of the Federal Home Loan Banks, ICBA told American Banker.

FDIC issues guidance on interactive teller machines

Aug 12, 2024 | NewsWatch Today
The FDIC issued guidance on whether the use of interactive teller machines at a location other than an established branch facility would require banks to file a domestic branch application.

ICBA requests comment extension on bank-fintech arrangements

Aug 12, 2024 | NewsWatch Today
ICBA and other groups requested a 30-day extension to the comment period for the regulatory agencies’ request for information on bank-fintech arrangements.

Independent Banker deciphers FHFA credit score transition

Aug 9, 2024 | NewsWatch Today
A new Independent Banker article breaks down the Federal Housing Finance Agency’s new credit scoring requirements for Fannie Mae and Freddie Mac and ICBA’s concerns with the models.

OCC: Banks affected by Hurricane Debby can close

Aug 9, 2024 | NewsWatch Today
The OCC issued a proclamation allowing national banks, federal savings associations, and federal branches to close offices in areas of Maryland, North Carolina, South Carolina, Virginia, and Washington, D.C., affected by Hurricane Debby.

FDIC announces initial dates for new resolution filings

Aug 9, 2024 | NewsWatch Today
The FDIC announced initial submission dates for its final rule requiring resolutions plans for banks with at least $100 billion in assets and “informational filings” for banks over $50 billion.

ICBA: Fed has discretion to deny master account access

Aug 8, 2024 | NewsWatch Today
ICBA told a U.S. appellate court that federal law provides the Federal Reserve Banks with the discretion to deny or grant master account access.

ICBA continues call for 1033 exemption in new article

Aug 8, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau should exempt banks with less than $850 million in assets from its pending rule on sharing consumer financial data, ICBA told American Banker.

EGRPRA outreach meeting registration closes tomorrow

Aug 8, 2024 | NewsWatch Today
ICBA encourages community bankers interested in providing oral comments at federal regulators’ virtual public outreach meeting on banking regulations to register by tomorrow’s deadline.