NewsWatch Today

The Consumer Financial Protection Bureau extended the comment deadline on its request for information on data brokers, such as credit reporting companies and background screening firms, and how the Fair Credit Reporting Act applies to their activities.

The OCC today is slated to release a request for information for its first-ever survey on consumer trust in banking and bank supervision.

ICBA expressed its strong opposition to newly reintroduced legislation to impose routing mandates on credit card transactions.

ICBA commended Federal Reserve Governor Michelle Bowman for her recommendations to improve newly released interagency guidance on third-party risk management.

ICBA is calling on community bankers to urge their members of Congress to co-sponsor legislation to exempt from taxation the interest income on farm real estate and rural mortgage loans.

The Cybersecurity and Infrastructure Security Agency and FBI published a joint cybersecurity advisory with technical information on the CL0P ransomware gang, also known as TA505.

The Consumer Financial Protection Bureau encouraged participation in Elder Fraud Prevention and Response Networks, which it has helped establish alongside state and local organizations.

ICBA continues calling on community bankers to urge their members of Congress to support a House resolution to nullify the Consumer Financial Protection Bureau’s Section 1071 rule to establish data collection and reporting standards for small-business loan applicants.

Both chambers of Congress are in session this week. The House Financial Services Committee has two hearings scheduled.

House Financial Services Committee Chairman Patrick McHenry (R-N.C.) and House Agriculture Committee Chairman Glenn "GT" Thompson (R-Pa.) released a discussion draft of legislation to establish a statutory framework for digital asset regulation.

Federal regulators requested public comment on a proposed rule designed to implement quality control standards for automated valuation models, or AVMs, used by mortgage originators and secondary market issuers in valuing real estate collateral securing mortgage loans.

Community banks reported a 6.1% first-quarter increase in net income from a year ago and a 4.2% decline from the previous quarter, according to the FDIC’s latest Quarterly Banking Profile.