Newsroom Graphic

NewsWatch Today

CFPB releases Spanish-language mortgage disclosures

Jul 6, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau released a Spanish-language translation of certain model clauses available for use in early-intervention written notices issued under its mortgage-servicing rules.

Nominations open for Best Community Banks to Work For awards

Jul 2, 2021 | NewsWatch Today
ICBA’s Independent Banker magazine opened nominations for its 2021 Best Community Banks to Work For awards.

Fed to launch CECL tool for community banks

Jul 2, 2021 | NewsWatch Today
The Federal Reserve said it will release a new tool this month to help community banks implement the Current Expected Credit Losses accounting standard.

FHFA issues fair lending policy statement

Jul 2, 2021 | NewsWatch Today
The Federal Housing Finance Agency issued a policy statement on its commitment to comprehensive fair lending oversight of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.

IRS enables direct deposit updates for Child Tax Credit payments

Jul 1, 2021 | NewsWatch Today
The IRS upgraded an online tool to enable families to update their bank account information so they can receive their monthly Child Tax Credit payment.

FinCEN issues AML/CFT priorities

Jul 1, 2021 | NewsWatch Today
The Financial Crimes Enforcement Network issued the first government-wide priorities for anti-money-laundering and counter-financing-terrorism policy.

CFPB reports on 2020 consumer reporting, servicing violations

Jun 30, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau issued a report highlighting legal violations identified by bureau examinations in 2020.

HUD proposes restoring ‘disparate impact’ rule

Jun 30, 2021 | NewsWatch Today
The Department of Housing and Urban Development recently proposed rescinding its 2020 rule interpreting the Fair Housing Act’s "disparate impact" standard and restoring its 2013 rule on discriminatory effects.

Blog: Faster payments have arrived — now what?

Jun 18, 2021 | NewsWatch Today
The pandemic has accelerated the implementation of instant payments and the need for community banks to have a strategy in place, according to the latest Main Street Matters post.

HMDA relief reflected in 2020 reporting data

Jun 18, 2021 | NewsWatch Today
The Federal Financial Institutions Examination Council released 2020 Home Mortgage Disclosure Act data showing the impact of regulatory relief on HMDA reporting.

Ransomware renewing agency crypto response: blog

Jun 18, 2021 | NewsWatch Today
Escalating attacks against critical infrastructure are bringing renewed focus to the role of cryptocurrencies in facilitating criminal activity, which has implications for community banks, ICBA’s Brian Laverdure writes in a new Main Street Matters post.

Farm Credit System loan volume jumps 10%

Jun 11, 2021 | NewsWatch Today
The Farm Credit Administration released its quarterly report on the ag economy and the performance of the Farm Credit System, whose growth is largely generated by tax free ag real estate lending.