Newsroom Graphic

NewsWatch Today

ICBA offers alternative to redefining QM

Sep 9, 2020 | NewsWatch Today
ICBA expressed concerns with the Consumer Financial Protection Bureau's proposal to change its Qualified Mortgage definition to a price-based approach.

Senate stimulus package includes ICBA priorities

Sep 9, 2020 | NewsWatch Today
Senate Republicans introduced a scaled-back coronavirus relief package that includes ICBA-advocated provisions contained in previous drafts.

ICBA backs extension of patent litigation program

Sep 9, 2020 | NewsWatch Today
ICBA and other members of the Quality Patents Coalition expressed support for a one-year extension of the Patent and Trademark Office's program for re-examining business-method patents to prevent litigation.

Agencies extend flood insurance comment period

Sep 2, 2020 | NewsWatch Today
Federal regulators said they will extend until Nov. 3 the comment period on a proposal to revise interagency questions and answers on flood insurance.

CFPB releases 2021 HMDA guide

Aug 24, 2020 | NewsWatch Today
The Consumer Financial Protection Bureau released the 2021 Filing Instructions Guide for Home Mortgage Disclosure Act data.

CFPB proposes "seasoned" QMs

Aug 19, 2020 | NewsWatch Today
The Consumer Financial Protection Bureau issued a notice of proposed rulemaking to create a new category of "seasoned" qualified mortgages.

FinCEN issues statement on BSA enforcement

Aug 19, 2020 | NewsWatch Today
The Financial Crimes Enforcement Network issued a statement on its approach to enforcing Bank Secrecy Act rules and regulations.

ICBA calls for withdrawal of misguided GSE directives

Aug 17, 2020 | NewsWatch Today
ICBA is calling for the Federal Housing Finance Agency and Fannie Mae and Freddie Mac to immediately rescind the decision to charge a 0.5 percent fee on refinance mortgages.

Fed article explores “token-based and “account-based” digital currency distinctions

Aug 17, 2020 | NewsWatch Today
A New York Fed blog by Rod Garratt, Michael Lee, Brendan Malone, and Antoine Martin explores common distinctions made between “token-based” and “account-based” digital currencies.

Blog discusses intersection between fintech and regulation

Aug 17, 2020 | NewsWatch Today
Unless you have been living on a desert island for the past few years, you would be hard-pressed to miss the technological revolution that is sweeping our nation’s financial system and the larger global economy, ICBA’s Chris Cole and Charles Potts write in a recent Main Street Matters blog.

Regulators clarify enforcement actions for BSA/AML violations

Aug 17, 2020 | NewsWatch Today
The federal financial regulatory agencies issued a joint statement clarifying their enforcement approach for Bank Secrecy Act/anti-money laundering obligations and the circumstances under which an agency would take action to address BSA/AML deficiencies.

ICBA Responds to GSE decision to impose 50bp fee on mortgage refinances

Aug 14, 2020 | NewsWatch Today
Plans to impose a 50 basis point fee on most refinance mortgages delivered to Fannie Mae and Freddie Mac after Sept. 1 will unnecessarily raise the cost of mortgage credit for consumers.