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ICBA urges National Flood Insurance Program extension

Sep 16, 2022 | NewsWatch Today
ICBA called on Congress to extend the National Flood Insurance Program authorization before it expires Sept. 30 to avoid further disruptions to the housing market.

House members urge SBA to change PPP loan forgiveness policy

Sep 16, 2022 | NewsWatch Today
A group of House members led by Rep. Chrissy Houlahan (D-Pa.) sent an ICBA-supported letter to the Small Business Administration calling for common-sense reform to Paycheck Protection Program loan forgiveness.

Senate bill would bar Fed from issuing CBDC

Sep 16, 2022 | NewsWatch Today
Sen. Mike Lee (R-Utah) introduced legislation to prohibit the Federal Reserve from issuing a central bank digital currency.

Cannabis banking co-sponsors in talks on compromise Senate bill

Sep 15, 2022 | NewsWatch Today
Lead co-sponsors of ICBA-advocated legislation to allow legal cannabis-related businesses to access banking services said they are working with key senators to advance the House-passed bill in the Senate.

CFPB: Credit report furnishers must investigate disputes

Sep 15, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau said the Fair Credit Reporting Act requires credit report furnishers to investigate potential inaccuracies in consumer credit reports.

Durbin Amendment expansion grassroots continues

Sep 15, 2022 | NewsWatch Today
Community bankers can continue using ICBA’s Be Heard grassroots action center to oppose legislation that would create new credit card routing mandates that expand on Durbin Amendment payments interventions.

FinCEN underestimating burden of info-sharing requests: ICBA

Sep 13, 2022 | NewsWatch Today
The Financial Crimes Enforcement Network underestimates the regulatory burden of information sharing requests between banks and law enforcement under the USA PATRIOT Act, ICBA told the agency.

OCC announces chief climate risk officer

Sep 13, 2022 | NewsWatch Today
The OCC announced the appointment of Yue (Nina) Chen as chief climate risk officer. Chen will lead the agency’s Office of Climate Risk and development of climate risk management frameworks for the federal banking system.

Farm Credit System reports favorable results despite headwinds

Sep 13, 2022 | NewsWatch Today
The Farm Credit Administration reported that tight labor markets, rising interest rates, a strong dollar, high energy prices, and drought conditions are creating uncertainty in rural economies and farm input prices—though the Farm Credit System is reporting favorable financial results.

OCC announces assessment rate cuts targeting community banks

Sep 2, 2022 | NewsWatch Today
The OCC will reduce assessment rates on OCC-chartered community banks by 40% starting next year, Acting Comptroller of the Currency Michael Hsu announced.

ICBA recognizes National Preparedness Month

Sep 2, 2022 | NewsWatch Today
ICBA recognized National Preparedness Month in September by issuing tips to help Americans secure their financial documents before disaster strikes.

ICBA voices opposition to Durbin Amendment expansion

Sep 2, 2022 | NewsWatch Today
ICBA this week expressed strong opposition to legislation that would create new credit card routing mandates that expand on Durbin Amendment payments interventions.