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OCC seeks feedback on climate principles for large banks

Dec 17, 2021 | NewsWatch Today
The OCC requested feedback on draft principles designed to help identify and manage climate-related financial risks at OCC-supervised institutions with more than $100 billion in assets.

Agencies adjust CRA asset thresholds

Dec 17, 2021 | NewsWatch Today
Federal regulators announced the annual adjustment to Community Reinvestment Act thresholds.

Senate, House continue pushback on SBA direct lending

Dec 15, 2021 | NewsWatch Today
ICBA’s grassroots campaign against efforts to authorize SBA direct lending under its 7(a) loan program got a boost Tuesday in the Senate and House.

McWilliams denies including merger review vote in FDIC minutes

Dec 15, 2021 | NewsWatch Today
FDIC Chairman Jelena McWilliams denied a request by Consumer Financial Protection Bureau Director Rohit Chopra to include in the agency’s official minutes a vote to request public feedback on its bank-merger framework.

As Senate meets on stablecoins, ICBA urges coordinated approach

Dec 15, 2021 | NewsWatch Today
Policymakers should take a comprehensive, coordinated regulatory approach to stablecoins and other digital assets, ICBA told the Senate Banking Committee.

CFPB updates electronic fund transfer FAQs

Dec 15, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau updated its frequently asked questions on electronic fund transfers.

FinCEN seeks comments on modernizing AML/CFT regime

Dec 15, 2021 | NewsWatch Today
The Financial Crimes Enforcement Network requested comments on updating the U.S. anti-money-laundering and countering-the-financing-of-terrorism regime.

OCC issues final rule rescinding CRA rule

Dec 15, 2021 | NewsWatch Today
The OCC issued a final rule to rescind its June 2020 Community Reinvestment Act rule and reinstate the 1995 interagency CRA rule.

1071 campaign now open to small-biz customers

Dec 15, 2021 | NewsWatch Today
ICBA is calling on community bankers to enlist their small-business customers in the industry’s comment letter campaign on the Consumer Financial Protection Bureau’s 1071 data collection and reporting requirements.

1071 leads CFPB rulemaking agenda

Dec 15, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau released its fall 2021 agenda of regulatory matters it plans to pursue through Oct. 31, 2022.

Small-biz customers can now join 1071 campaign

Dec 14, 2021 | NewsWatch Today
ICBA is calling on community bankers to enlist their small-business customers in the industry’s comment letter campaign on the Consumer Financial Protection Bureau’s 1071 data collection and reporting requirements.

CISA warns of Java logging library vulnerability

Dec 14, 2021 | NewsWatch Today
The Cybersecurity and Infrastructure Security Agency urged the private and public sectors to actively address a critical vulnerability that a growing set of threat actors are exploiting.