Banking regulators should ensure changes to the regulatory framework do not harm the long-term viability of banks, especially midsized and smaller banks, Federal Reserve Governor Michelle Bowman said.
Community bankers have for years warned of the expansion of credit union powers, but Navy Federal Credit Union’s new “Community Bank” brand indicates credit unions recognize they’ve gone too far, ICBA President and CEO Rebeca Romero Rainey writes in a new LinkedIn post.
Federal Reserve Board Governor Michelle Bowman recognized community banker concerns with proposed changes to the community development financial institution certification application.
ICBA expressed support for a recently introduced House bill based on an ICBA proposal to speed up approval times for USDA loans and thereby enhance access to credit in rural communities.
The Cybersecurity and Infrastructure Security Agency and other agencies issued a fact sheet on improving security of open-source software in operational technology and industrial control systems.
A new Politico column draws attention to the lack of regulatory transparency at tax-exempt credit unions, particularly their exemption from federal reporting requirements on overdraft fees.
ICBA added a new handout for small-business customers to its collection of customizable tools on the Consumer Financial Protection Bureau’s Section 1071 rule.
The Federal Financial Institutions Examination Council’s Appraisal Subcommittee next month is scheduled to hold its third public hearing on appraisal bias, the residential appraisal process, and associated regulations.
ICBA added a new handout for small-business customers to its collection of customizable tools on the Consumer Financial Protection Bureau’s Section 1071 rule.
The FDIC proposed guidelines to establish corporate governance and risk management standards for covered institutions with total consolidated assets of $10 billion or more.
