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GSE Form 1103, fair lending requirements effective March 1

Jan 5, 2023 | NewsWatch Today
Fannie Mae and Freddie Mac are reminding lenders that they will require the Supplemental Consumer Information Form (Form 1103) for new conventional loans with application dates on or after March 1.

Banking agencies issue new crypto guidance

Jan 4, 2023 | NewsWatch Today
Federal banking regulators issued a statement highlighting key crypto risks for banking organizations and describing the agencies’ approaches to supervision in this area.

Bolton: Wells Fargo penalty reflects too-big-to-fail plague

Jan 3, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau’s latest penalty against Wells Fargo Bank reflects the unfortunate fact that the too-big-to-fail problem is alive and well, ICBA Chairman Brad Bolton wrote in an op-ed on LinkedIn.

CFPB updates TILA thresholds

Jan 3, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau issued a final rule amending the official interpretations for Regulation Z, which implements the Truth in Lending Act, to update the dollar amounts of various thresholds that it must adjust annually.

CFPB adjusts asset-size thresholds

Jan 3, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau issued three annual threshold adjustment final rules.

Romero Rainey: ICBA, community bankers stand together in 2022

Dec 23, 2022 | NewsWatch Today
ICBA President and CEO Rebeca Romero Rainey said ICBA and community bankers this year proved once again to be effective advocates in Washington.

Boston Fed, MIT end CBDC research project

Dec 23, 2022 | NewsWatch Today
The Federal Reserve Bank of Boston and MIT concluded their joint Project Hamilton research project into the technical feasibility of a potential U.S. central bank digital currency.

ICBA response to New York climate proposal making news

Dec 23, 2022 | NewsWatch Today
ICBA’s pushback against New York State Department of Financial Services proposed guidance on climate risk is making headlines.

Toomey bill would allow Fed master accounts for stablecoin issuers

Dec 23, 2022 | NewsWatch Today
Retiring Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) introduced legislation on stablecoin regulation, contributing to the debate over crypto oversight that will resume during the next Congress.

Durbin Amendment expansion out of congressional omnibus

Dec 21, 2022 | NewsWatch Today
Congress left out of its end-of-year omnibus spending bill numerous ICBA-opposed legislative initiatives, including language to extend the Durbin Amendment to credit cards.

ICBA pledges to ensure community bank voice is heard on FDIC board

Dec 21, 2022 | NewsWatch Today
Following the Senate confirmation of FDIC board members, including FDIC Acting Chairman Martin Gruenberg’s nomination for chairman, ICBA released a statement pledging to work with the officials on behalf of the nation’s community banks.

ICBA to Congress: CDFI Fund proposal would harm communities

Dec 21, 2022 | NewsWatch Today
ICBA and other groups requested a meeting with members of Congress to discuss a Treasury Department proposal that would reduce access to services provided by Community Development Financial Institutions Fund-certified depository institutions.