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Advocacy push continues during lame-duck Congress

Nov 17, 2020 | NewsWatch Today
While the 116th Congress winds down in the coming weeks, ICBA's efforts to pass much-needed economic stimulus measures continue unabated, ICBA's Paul Merski writes in a new Main Street Matters post.

OCC rule updates licensing requirements

Nov 17, 2020 | NewsWatch Today
The OCC released a final rule updating and clarifying licensing policies and procedures. The final rule makes various changes to the OCC’s Rules, Policies, and Procedures for Corporate Activities, 12 CFR part 5.

CFPB, Colorado AG hosting joint office hours

Nov 17, 2020 | NewsWatch Today
The Consumer Financial Protection Bureau and Office of the Colorado Attorney General announced joint office hours focused on financial innovation on Dec. 2.

Post-election briefing recording available

Nov 16, 2020 | NewsWatch Today
A recording of ICBA's latest Community Bank Briefing featuring a post-election and regulatory update is available for download.

CFPB issues debt-collection compliance guide

Nov 16, 2020 | NewsWatch Today
The Consumer Financial Protection Bureau released a guide on its compliance aids related to its final rule implementing the Fair Debt Collection Practices Act.

ICBA offers new custom grassroots message

Nov 13, 2020 | NewsWatch Today
ICBA this week launched a new customizable grassroots message for community bankers urging Congress to include common-sense policies in any economic stimulus package.

Payment info in credit reports varies by account type: CFPB

Nov 13, 2020 | NewsWatch Today
The share of installment-loan credit accounts with payment amount information furnished to credit reporting agencies has trended upward to more than 90 percent, the Consumer Financial Protection Bureau reported.

CFPB issues resources on housing help

Nov 13, 2020 | NewsWatch Today
The Consumer Financial Protection Bureau released brochures, videos, and other resources to help consumers seeking mortgage and housing assistance during the coronavirus national emergency.

DOJ sues to block Visa acquisition of Plaid

Nov 6, 2020 | NewsWatch Today
The Justice Department sued Visa to stop its $5.3 billion acquisition of Plaid, a fintech firm. The DOJ said Visa is a monopolist in online debit services while Plaid is developing a payments platform that would challenge Visa’s monopoly.

CFPB grants no-action letter for BofA small-dollar products

Nov 6, 2020 | NewsWatch Today
The Consumer Financial Protection Bureau granted a no-action letter to Bank of America for certain small-dollar credit products for BofA customers.

ICBA raises questions over CDFI proposal

Nov 6, 2020 | NewsWatch Today
ICBA expressed concern with a CDFI Fund proposal that would diminish the number of Community Development Financial Institutions and threaten the survival of the program.

Payments continue going digital: BIS

Nov 5, 2020 | NewsWatch Today
The Bank for International Settlements reported sizable growth in digital payments across many leading economies prior to the coronavirus pandemic.