CFPB spotlights violations from recent exams

Jul 3, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau said that its recent examinations revealed unfair, deceptive, or abusive acts at companies servicing auto loan and student loans; Fair Debt Collection Practices Act violations by debt collectors; and issues with medical payment products.

ICBA: Government Underestimates Suspicious Activity Reporting Burden

Jul 2, 2024 | Press Release
The federal government underestimates the amount of time and resources community banks dedicate to reporting suspicious activity, the Independent Community Bankers of America (ICBA) told the Financial Crimes Enforcement Network.

Independent Banker showcases top lenders of 2024

Jul 2, 2024 | NewsWatch Today
This month’s Independent Banker magazine recognizes the top lenders of 2024, the top community bank loan producers based on 2023 FDIC data.

Op-ed: Credit unions unfairly using tax breaks

Jul 2, 2024 | NewsWatch Today
Large credit unions are using the savings from their federal tax exemption to acquire taxpaying community banks at an alarming rate, Mississippi Bankers Association President and CEO Gordon Fellows writes in a new op-ed.

Agencies release updated mortgage survey data

Jul 2, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau and Federal Housing Finance Agency published updated loan-level data collected through the National Survey of Mortgage Originations.

ICBA Services Network Appoints Ohio Community Banker as New Chairman

Jun 28, 2024 | Press Release
ICBA Services Network, the business-services subsidiary of the Independent Community Bankers of America (ICBA), today announced the election of Shon Myers, chairman, president and CEO of Farmers & Merchants Bank in Miamisburg, Ohio, as chairman of the board of directors.

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.

ICBA Opposes Approval of Freddie Mac Plan to Enter Market Already Well Served by Private-Sector Community Banks

Jun 24, 2024 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on 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.

ICBA opposes approval of new industrial loan company

Jun 24, 2024 | NewsWatch Today
Following the FDIC’s approval of the formation of Thrivent Bank, a new industrial loan company based in Utah, ICBA reiterated its strong opposition to the ILC loophole.