The Consumer Financial Protection Bureau issued an advisory opinion affirming that consumer reporting companies engaging in “shoddy name-matching procedures” are violating the law.

ICBA called on Congress to extend Gramm-Leach-Bliley Act data security standards to retailers, technology companies, and other parties that process or store consumer financial data.

ICBA Chairman Robert Fisher will participate in a National Taxpayers Union webinar scheduled for next week on the “rise of bank-like credit unions.”

The OCC has concluded its review of bank charter applications and crypto-related interpretative letters and will be communicating its findings in the coming weeks, Acting Comptroller of the Currency Michael Hsu said.

ICBA today called on Congress to extend Gramm-Leach-Bliley Act data security standards to retailers, technology companies, and other parties that process or store consumer financial data.

ICBA is scheduled to testify at today’s House Financial Services Subcommittee on Consumer Protection and Financial Institutions hearing on cyber and data security.

This month’s ICBA Independent Banker magazine focuses on the race for faster payments.

A new ICBA blog post explores data showing the urgency of community banks’ Paycheck Protection Program response to help save small businesses in their communities.

The President’s Working Group on Financial Markets issued a long-awaited report spotlighting regulatory gaps in overseeing stablecoins and recommending legislation to implement a federal regulatory framework.

ICBA is scheduled to testify tomorrow on cyber and data security issues before the House Financial Services Committee’s Subcommittee on Consumer Protection and Financial Institutions.

Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on the President’s Working Group (PWG) on Financial Markets report on stablecoins.

The Consumer Financial Protection Bureau released several guidance documents to help providers prepare for two debt collection final rules taking effect Nov. 30.

The Independent Community Bankers of America today announced it has expanded its Wolters Kluwer Preferred Service Provider relationship to include its SaaS-based iLien system, offered by Wolters Kluwer Compliance Solutions.

With policymakers’ draft framework for the budget reconciliation bill featuring numerous tax increases, ICBA is calling on community bankers to use its Be Heard resource center to speak out in opposition.

ICBA advocated a moderate approach to the OCC’s rescission of its 2020 Community Reinvestment Act final rule and reinstatement of the 1995 interagency CRA rule.

The IRS today is launching a new feature allowing any family receiving monthly Child Tax Credit payments to update their income using the Child Tax Credit Update Portal.

The SBA said its 7(a) and 504 loan programs supported more than 61,000 traditional loans worth $44.8 billion in fiscal 2021. The lending comprised:

ICBA expressed strong opposition to certain tax provisions policymakers are considering as part of the Build Back Better reconciliation package.

A Biden administration draft framework for the next round of congressional reconciliation discussions leaves out the ICBA-opposed IRS reporting proposal, though ICBA’s campaign against the plan continues.

ICBA and other business groups urged Congress to reject proposed changes to grantor trust and valuation rules in the Build Back Better reconciliation bill.