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ICBA requests clarity on HUD appraisal guidance

Feb 6, 2023 | NewsWatch Today
ICBA called on the Department of Housing and Urban Development to clarify lender obligations under draft guidance on borrower requests for Reconsideration of Value, or ROV, of appraised properties for Federal Housing Administration single-family loans.

Proposal would require banks to verify U.S. Treasury checks

Feb 3, 2023 | NewsWatch Today
The Treasury Department’s Bureau of the Fiscal Service issued a proposed rule to amend its regulations governing the payment of checks drawn on the U.S. Treasury.

ICBA: CFPB credit card proposal misrepresents community bank model

Feb 2, 2023 | NewsWatch Today
ICBA raised concerns with a new Consumer Financial Protection Bureau proposed rule on credit card late fees and the bureau’s mischaracterizations of community bank credit card lending.

Fed raises interest rates 25 basis points

Feb 2, 2023 | NewsWatch Today
The Federal Open Market Committee raised the federal funds rate target by 25 basis points to a range of 4.5% to 4.75%.

OCC issues bulletin on amended HMDA threshold

Feb 2, 2023 | NewsWatch Today
The OCC issued a bulletin on changes to the loan-origination threshold for reporting Home Mortgage Disclosure Act data on closed-end mortgage loans following a recent court decision.

FDIC extends deadline on proposed updates to logo rules

Jan 31, 2023 | NewsWatch Today
The FDIC extended by 45 days the public comment period for proposed changes to its regulations relating to the FDIC’s official sign, official advertising statement, deposit insurance misrepresentations, and misuse of the agency’s name or logo. Comments are now due by April 7.

ICBA supports federal actions to mitigate nonbank risks

Jan 30, 2023 | NewsWatch Today
ICBA said it supports several federal actions announced Friday that will help mitigate the risks posed by special-purpose depository institutions and digital assets.

New resource spotlights six phases of FedNow journey

Jan 30, 2023 | NewsWatch Today
The Federal Reserve released a guide on the six phases of the FedNow Service journey. The document shows key activities and decisions for organizations to prepare for and go live with FedNow.

Digital transformation webinar series continues tomorrow

Jan 30, 2023 | NewsWatch Today
ICBA’s Digital Transformation Demystified webinar series continues tomorrow with part three on building or perfecting a digital transformation plan.

House Financial Services Committee announces majority staff

Jan 30, 2023 | NewsWatch Today
House Financial Services Committee Chairman Patrick McHenry (R-N.C.) announced the panel’s majority staff for the 118th Congress. Staffers include Staff Director Matthew Hoffmann, Chief Counsel and Policy Director Kimberly Betz, and Director of Operations Lindsey Shackelford.

ICBA announces passing of former chief executive Ken Guenther

Jan 27, 2023 | NewsWatch Today
ICBA is mourning the passing of former ICBA President and CEO Ken Guenther, who died Wednesday. Guenther’s fierce passion for community banking has served as an inspiration for many in the industry.

NCUA extends credit union interest rate ceiling

Jan 27, 2023 | NewsWatch Today
The National Credit Union Administration board voted to extend the 18% interest rate ceiling for loans made by federal credit unions through Sept. 10, 2024.