The Consumer Financial Protection Bureau indicated it will focus on the use of artificial intelligence in loan underwriting and will take enforcement action if algorithmic underwriting models create a disparate impact on borrowers.
The Cybersecurity and Infrastructure Security Agency launched a CyberSentry threat detection and monitoring capability with critical infrastructure partners.
ICBA continues calling on community bankers to use its Be Heard grassroots resource center to urge their members of Congress to oppose legislation to impose routing mandates on credit card transactions among other resolutions.
The FDIC announced the retirement of John Conneely following a nearly 35-year career at the agency, including his recent leadership of the FDIC’s Division of Complex Institution Supervision and Resolution.
The Federal Housing Finance Agency published first-quarter Uniform Appraisal Dataset aggregate data. For the first time, the FHFA's UAD Aggregate Statistics include data on residential property sales comparisons.
The Consumer Financial Protection Bureau issued its fair lending annual report to Congress describing its fair lending enforcement priorities and statistics.
The Financial Action Task Force—a global anti-money-laundering watchdog—updated its statements concerning jurisdictions with strategic AML, terrorist-financing, and weapons-proliferation deficiencies.
The Consumer Financial Protection Bureau issued frequently asked questions on its Section 1071 small-business data collection and reporting rule. The FAQs cover which financial institutions, transactions, and small businesses are covered under the rule.
The Independent Community Bankers of America (ICBA) hosted its fifth annual ICBA ThinkTECH Accelerator Demo Day, the first since ICBA brought the accelerator program in-house and in its new home in Atlanta.
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on Federal Reserve Governor Michelle Bowman’s recent remarks on responsive and responsible bank regulation and supervision.
The OCC released the Cybersecurity Supervision Work Program, which provides high-level examination objectives and procedures for cybersecurity assessment.
The Consumer Financial Protection Bureau said it will be accepting applications for membership on the Community Bank Advisory Council and other advisory committees between July 3 and July 16.
Federal Reserve Chairman Jerome Powell pledged to Congress that the Fed would consider the impact on community banks of any new regulatory initiatives.
ICBA and other groups raised concerns about a Federal Housing Finance Agency plan for transitioning Fannie Mae and Freddie Mac to new credit score models