NewsWatch Today

The Consumer Financial Protection Bureau announced the availability of the beta platform for the small business lending data collection rule pursuant to section 1071 of the Dodd-Frank Act.

The Securities and Exchange Commission announced that it filed charges against a “crypto bank” that claimed depositors could earn returns “auto-magically.”

Even as rates stay higher and competition for deposits remains strong, fueling margin pressure, community bank chief financial officers don’t see impending doom and focus instead on increasing other areas of income, according to the latest Independent Banker.

Registration is open for ICBA LIVE 2025, slated for March 11-14 at the Gaylord Opryland Resort & Convention Center in Nashville.

Federal Reserve Chair Jerome Powell said “with an appropriate dialing back of policy restraint, there is good reason to think that the economy will get back to 2% inflation while maintaining a strong labor market.”

Registration is open for ICBA LIVE 2025, slated for March 11-14 at the Gaylord Opryland Resort & Convention Center in Nashville.

The Federal Housing Finance Agency issued a proposed rule on the housing goals for Fannie Mae and Freddie Mac (the Enterprises) for 2025-27.

ICBA is hosting a complimentary community bank briefing on key congressional and regulatory developments.

ICBA and 10 industry associations requested that the FDIC withdraw its proposed rulemaking relating to brokered deposit restrictions. If the FDIC does not withdraw the proposed rule, the associations requested that the FDIC publish its brokered deposits data and extend the comment period by 60 days.

The U.S. District Court for the Northern District of Texas issued a decision setting aside the Federal Trade Commission’s non-compete ban and prohibiting the FTC from enforcing the rule.

ICBA and 10 industry associations requested that the FDIC extend by 60 days the comment period for its request for information on deposits. The comment deadline is currently October 7, 2024.

The latest issue of Independent Banker magazine highlights ICBA-member community banks that are celebrating their 150th, 125th, or 100th anniversary.