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OCC’s Hsu: Herfindahl-Hirschman Index review on the table

Feb 13, 2023 | NewsWatch Today
Prepared remarks from Acting Comptroller of the Currency Michael Hsu reiterated his push for regulators to review federal frameworks for bank mergers.

ICBA urging letters to Congress on 2023 priorities

Feb 13, 2023 | NewsWatch Today
ICBA is calling on community bankers to advocate top policy priorities for the new 118th Congress in direct messages to lawmakers.

ICBA’s Bolton: ‘Regulatory blind spot’ shows risks of credit union bank purchases

Feb 9, 2023 | NewsWatch Today
ICBA Chairman Brad Bolton wrote in a new op-ed that the nation’s chief credit union regulator recently hinted at one of the problems with the growth of credit union acquisitions of community banks: the threat to U.S. cybersecurity.

ICBA’s State of the Union ‘junk fee’ response makes news

Feb 9, 2023 | NewsWatch Today
ICBA’s response to President Joe Biden’s comments on “junk fees” during Tuesday’s State of the Union address made headlines.

ICBA urges committee to enhance data privacy bill

Feb 9, 2023 | NewsWatch Today
ICBA expressed support for provisions of legislation designed to improve consumer privacy and data security accountability for more entities that handle consumer data.

New polling indicates consumer opposition to Durbin Amendment expansion

Feb 9, 2023 | NewsWatch Today
The Electronic Payments Coalition released new polling conducted by Morning Consult indicating that consumers across all income levels are benefiting from credit card rewards to help make ends meet during uncertain economic times.

OCC updates booklet on branch closings

Feb 8, 2023 | NewsWatch Today
The OCC issued the “Branch Closings” booklet of the Comptroller’s Licensing Manual. The revised booklet replaces the booklet of the same title issued June 2017, makes corrections where necessary, and contains updated guidance.

CFPB issues guidance on digital mortgage platforms

Feb 8, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau issued an advisory opinion to prevent digital mortgage comparison-shopping platforms from illegally referring borrowers to only lenders paying referral fees.

FDIC issues update on amended HMDA threshold

Feb 6, 2023 | NewsWatch Today
The FDIC issued a Financial Institution Letter on changes to the loan-origination threshold for reporting Home Mortgage Disclosure Act data on closed-end mortgage loans following a recent court decision. The OCC previously issued a similar bulletin.

Politico spotlights ‘powerful’ ICBA push for crypto oversight

Feb 6, 2023 | NewsWatch Today
ICBA’s push for policymakers to rein in the crypto industry as part of its agenda for the 118th Congress made headlines in Politico.

SEC rethinking climate disclosure proposal: report

Feb 6, 2023 | NewsWatch Today
The Securities and Exchange Commission is considering “softening” its ICBA-opposed proposed rule to institute climate-related investor disclosures, according to The Wall Street Journal.

House, Senate committee hearings underway this week

Feb 6, 2023 | NewsWatch Today
The House and Senate’s banking committees this week are scheduled to host their first hearings of the 118th Congress.