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CFPB to focus on credit card market competition

Jan 20, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau said it is looking to ensure there is robust and fair competition in the credit card market as debt rises following pandemic declines.

House Republican joins ILC push as co-sponsor

Jan 20, 2022 | NewsWatch Today
ICBA-advocated legislation to close the industrial loan company loophole added a House Republican co-sponsor.

CFPB study: Depositories lead on supplier diversity

Jan 20, 2022 | NewsWatch Today
A Consumer Financial Protection Bureau study on diversity and inclusion in the financial services sector found depository lenders had the strongest showing in the area of supplier diversity.

Postal banking pilot lands just six sales: report

Jan 19, 2022 | NewsWatch Today
An ICBA-opposed U.S. Postal Service pilot program to test postal banking has served just six individuals since it quietly launched in September, according to a new report.

Biden nominates three to round out Fed board

Jan 18, 2022 | NewsWatch Today
President Joe Biden announced three nominations to fill openings on the Federal Reserve Board.

FS-ISAC breaks down cyber incident reporting

Jan 18, 2022 | NewsWatch Today
The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary report details when and how to report cyber incidents to the federal government.

CFPB announces settlement on consumer task force

Jan 18, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau settled a lawsuit alleging that its Taskforce on Federal Consumer Financial Law did not comply with the Federal Advisory Committee Act.

Supreme Court blocks employer vaccine mandate

Jan 14, 2022 | NewsWatch Today
The Supreme Court blocked the Biden administration’s vaccine-or-test mandate for private companies with 100 or more employees.

OCC’s Hsu: Crypto regulation would support innovation

Jan 14, 2022 | NewsWatch Today
Acting Comptroller of the Currency Michael Hsu warned that stablecoins are at risk of experiencing the equivalent of a bank run and called for stricter regulation to promote stability.

New education session set for ICBA LIVE

Jan 13, 2022 | NewsWatch Today
ICBA introduced a new educational session for the Edge Stage at ICBA LIVE 2022, slated for Feb. 27-March 3 in San Antonio.

Congressional pushback on SBA direct lending continues

Jan 13, 2022 | NewsWatch Today
House Small Business Committee Ranking Member Blaine Luetkemeyer (R-Mo.) on Wednesday continued speaking out against ICBA-opposed efforts to authorize SBA direct lending under its 7(a) loan program.

Emerging leader nominations now open

Jan 12, 2022 | NewsWatch Today
ICBA Independent Banker opened nominations for its 2022 “40 Under 40: Emerging Community Bank Leaders” awards