CFPB signals focus on AI in loan underwriting

Jul 3, 2023 | NewsWatch Today
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.

CISA launches CyberSentry threat detection program

Jul 3, 2023 | NewsWatch Today
The Cybersecurity and Infrastructure Security Agency launched a CyberSentry threat detection and monitoring capability with critical infrastructure partners.

Grassroots push continues on key issues

Jul 3, 2023 | NewsWatch Today
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.

FDIC head of supervising complex institutions retires

Jul 3, 2023 | NewsWatch Today
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.

FHFA publishes Uniform Appraisal Dataset statistics

Jun 30, 2023 | NewsWatch Today
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.

CFPB: Fair lending enforcement focused on advanced tech

Jun 30, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau issued its fair lending annual report to Congress describing its fair lending enforcement priorities and statistics.

Task force updates AML-deficiency jurisdiction list

Jun 30, 2023 | NewsWatch Today
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.

Agencies release 2022 HMDA data

Jun 30, 2023 | NewsWatch Today
The Federal Financial Institutions Examination Council released 2022 Home Mortgage Disclosure Act data for 4,460 U.S. financial institutions.

CFPB issues FAQs on 1071 rule

Jun 30, 2023 | NewsWatch Today
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.

Agencies finalize CRE guidance update

Jun 30, 2023 | NewsWatch Today
Banking regulators finalized updates to agency guidance on commercial real estate loan accommodations for borrowers.

ICBA ThinkTECH Accelerator Demo Day Highlights the Future of Real-time Payments and Deposit Innovation for Community Banks

Jun 29, 2023 | Press Release
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.

ICBA Commends Fed’s Bowman for Remarks on Pending Regulatory Capital Reforms

Jun 28, 2023 | Press Release
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.

OCC releases Cybersecurity Supervision Work Program

Jun 27, 2023 | NewsWatch Today
The OCC released the Cybersecurity Supervision Work Program, which provides high-level examination objectives and procedures for cybersecurity assessment.

ICBA backs FTC inquiry on cloud computing providers

Jun 27, 2023 | NewsWatch Today
ICBA said it supports the Federal Trade Commission’s interest in the role and business practices of cloud service providers, or CSPs.

ICBA urging grassroots outreach on credit card routing bill

Jun 27, 2023 | NewsWatch Today
ICBA is calling on community bankers to urge their members of Congress to oppose legislation to impose routing mandates on credit card transactions.

CFPB accepting Community Bank Advisory Council applications

Jun 27, 2023 | NewsWatch Today
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.

Agencies issue 2023 list of CRA geographies

Jun 27, 2023 | NewsWatch Today
Federal banking regulators issued the 2023 list of distressed or underserved nonmetropolitan middle-income geographies.

Next ICBA ThinkTECH Accelerator application period underway

Jun 23, 2023 | NewsWatch Today
ICBA is accepting applications for the second ICBA ThinkTECH Accelerator program of 2023 through Thursday, July 15.

Powell shares personal community banking story in testimony on industry’s importance

Jun 23, 2023 | NewsWatch Today
Federal Reserve Chairman Jerome Powell pledged to Congress that the Fed would consider the impact on community banks of any new regulatory initiatives.

ICBA, groups raise concerns with new FHFA credit score models

Jun 23, 2023 | NewsWatch Today
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