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Agencies meeting next week on CRA reform, climate risk

Oct 18, 2023 | NewsWatch Today
The Federal Reserve Board and FDIC board of directors scheduled meetings for next week on two high-profile regulatory issues: the Community Reinvestment Act and climate risk.

Fed meeting next week on revising debit interchange fee cap

Oct 18, 2023 | NewsWatch Today
The Federal Reserve Board scheduled a meeting for next week on proposed revisions to the agency’s debit interchange fee cap.

Fed’s Bowman: CBDC benefits remain unclear

Oct 18, 2023 | NewsWatch Today
Federal Reserve Governor Michelle Bowman said she has yet to see a compelling argument that a U.S. central bank digital currency could address payments system problems more effectively, efficiently, or with fewer risks than alternatives.

New blog post: Crypto concerns renew digital assets policy debate

Oct 17, 2023 | NewsWatch Today
A new ICBA blog post recaps the significant upheaval in the digital assets market over the past year and what it means for Washington’s response.

FHFA’s Thompson addresses rise in enterprise repurchase requests

Oct 17, 2023 | NewsWatch Today
Federal Housing Finance Agency Director Sandra Thompson recognized mortgage lenders’ concerns with rising repurchase requests from Fannie Mae and Freddie Mac, though she said requests have declined since their peak in early 2022.

FHFA expands ‘rep and warrant’ relief to loans with COVID-19 forbearance

Oct 17, 2023 | NewsWatch Today
The Federal Housing Finance Agency said it will revise the treatment of active single-family mortgages backed by Fannie Mae and Freddie Mac for which borrowers elected a COVID-19 forbearance under the enterprises' representations and warranties framework.

FHFA issues new set of appraisal data

Oct 17, 2023 | NewsWatch Today
The Federal Housing Finance Agency published a new set of data points and trends found in appraisal reports.

ICBA plan to promote mortgage affordability makes news

Oct 16, 2023 | NewsWatch Today
ICBA’s joint proposal to reduce mortgage rates by an estimated 100 to 150 basis points is making news.

Senate hearing tomorrow on CDFIs

Oct 16, 2023 | NewsWatch Today
The Senate Banking Committee is scheduled to meet tomorrow for a subcommittee hearing on community development financial institutions.

Credit unions labeling themselves community banks: Romero Rainey

Oct 16, 2023 | NewsWatch Today
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 wrote in a recent LinkedIn post.

ICBA National Campaign Toolkit offers audio materials

Oct 16, 2023 | NewsWatch Today
The ICBA National Campaign Toolkit features numerous assets for community banks and state partners, including customizable audio ads.

CFPB, DOJ: Law protects credit applicants regardless of immigration status

Oct 13, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau and Justice Department said in a joint statement that all credit applicants are protected from discrimination under the Equal Credit Opportunity Act, regardless of their immigration status.