NewsWatch Today

While the Senate is not in session this week, the House Financial Services Committee has two hearings scheduled.

The Consumer Financial Protection Bureau issued a small entity compliance guide on the bureau’s Section 1071 rule on small-business data collection and reporting.

ICBA expressed its strong support for the House introduction of legislation to exempt from taxation interest income on farm real estate and rural mortgage loans.

The Federal Housing Finance Agency rescinded its previously announced upfront fees for certain borrowers with a debt-to-income ratio above 40%.

The Consumer Financial Protection Bureau issued a circular affirming that banks might violate federal law if they unilaterally reopen a deposit account to process transactions after a consumer has already closed it.

Treasury Secretary Janet Yellen and Consumer Financial Protection Bureau Director Rohit Chopra are among the speakers set to address next week’s 2023 ICBA Capital Summit in Washington, D.C.

The House Financial Services Committee today will hold a hearing on several draft bills to increase transparency at federal banking regulators following the recent failures of several large banks.

Pandemic-era Economic Impact Payments reached 92% of potentially eligible individuals, according to a report from federal researchers.

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on financial market manipulation.

ICBA testified before Congress on its new proposal for a USDA program that would speed up loan approval times and thereby enhance access to credit in rural communities.

ICBA President and CEO Rebeca Romero Rainey and ICBA Bancard President and CEO Tina Giorgio were again named to Washingtonian magazine’s list of the 500 Most Influential People in the nation’s capital.

ICBA called on the Consumer Financial Protection Bureau to withdraw its proposed rule on credit card fees for late payments.