ICBA wrote to House leadership expressing support for the markup of two Congressional Review Act resolutions: H.J. Res. 122 and H.J. Res. 127.
H.J. Res. 122: seeks to nullify the Consumer Financial Protection Bureau's final rule to cut credit card late fees, which ICBA has argued could lead to increased late payments and additional interest charges for consumers.
H.J. Res. 127: opposes the Securities and Exchange Commission's mandate for climate disclosures by publicly held banks. In its 2022 comment letter, ICBA said the rule would drive many SEC-registered community banks away from the public capital markets.
