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Fed’s Bowman cites concerns with credit union bank acquisitions

Jun 28, 2024 | NewsWatch Today
Federal Reserve Governor Michelle Bowman raised concerns with credit union acquisitions of banks, noting the tax-exempt financial firms are exempt from the Community Reinvestment Act.

ICBA urges senators to co-sponsor bill to close ILC loophole

Jun 28, 2024 | NewsWatch Today
ICBA urged senators to co-sponsor ICBA-advocated legislation to permanently close the industrial loan company loophole.

Data privacy bill markup canceled

Jun 28, 2024 | NewsWatch Today
The House Energy and Commerce Committee canceled the scheduled markup of the American Privacy Rights Act following concerns about the bill.

GM withdraws ILC charter application

Jun 27, 2024 | NewsWatch Today
General Motors withdrew its ICBA-opposed application for deposit insurance, suspending its bid to form an industrial loan company.

Sen. Stabenow: It’s time to pass a farm bill

Jun 27, 2024 | NewsWatch Today
Senate Agriculture Committee Chair Debbie Stabenow (D-Mich.) called for negotiations on the next farm bill.

Fed’s Bowman recommends Basel III Endgame changes

Jun 27, 2024 | NewsWatch Today
Federal Reserve Governor Michelle Bowman said she sees a path forward for implementing proposed Basel III Endgame capital rules that addresses concerns with their effectiveness and efficiency.

New ICBA podcast on check fraud

Jun 26, 2024 | NewsWatch Today
The latest episode of ICBA’s “Independent Banker” podcast, sponsored by FIS, discusses why check fraud has become such a problem.

CFPB extends compliance dates for 1071 rule

Jun 26, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau issued an interim final rule to extend compliance deadlines for its 1071 small-business rule following a Supreme Court ruling that ended a temporary injunction on the rule.

Credit Analyst Institute heads to Texas

Jun 26, 2024 | NewsWatch Today
ICBA's Credit Analyst Institute, scheduled for Aug. 11-14 in Grapevine, Texas., will examine the evolving role of the credit analyst and dive into the intricacies of financial analysis, business risk, legal liability, and customer relationship needs.

ICBA opposes Freddie Mac pilot to purchase second mortgages

Jun 25, 2024 | NewsWatch Today
ICBA announced its opposition to the Federal Housing Finance Agency’s conditional approval of Freddie Mac’s proposal to engage in a pilot program to purchase certain single-family closed-end second mortgages.

Treasury announces push to lower housing costs

Jun 25, 2024 | NewsWatch Today
The Treasury Department announced initiatives to increase the supply of housing.

Q2 Community Bank Briefing on Thursday

Jun 25, 2024 | NewsWatch Today
ICBA this week is hosting a complimentary community bank briefing on key congressional and regulatory developments.