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FHA publishes final rule on engagement with mortgagors in default

Aug 6, 2024 | NewsWatch Today
The Federal Housing Administration published a final rule to update a HUD regulation that requires mortgagees to meet in person with borrowers who are in default on their mortgage payments.

Agencies request comment on data collection proposal

Aug 6, 2024 | NewsWatch Today
Federal financial regulators requested comment on a proposed rule that would establish data standards for certain information collections submitted to the agencies.

ICBA objects to FCC using Weiss Ratings for access to certain programs

Aug 6, 2024 | NewsWatch Today
ICBA told the Federal Communications Commission that Weiss Ratings is ill-suited for use as a gatekeeper for certain FCC programs.

EGRPRA outreach meeting registration closes Friday

Aug 6, 2024 | NewsWatch Today
ICBA encourages community bankers interested in providing oral comments at federal regulators’ virtual public outreach meeting on banking regulations to register by this Friday’s deadline.

OCC: Banks in Florida, Georgia affected by Hurricane Debby can close

Aug 6, 2024 | NewsWatch Today
The OCC issued a proclamation allowing national banks, federal savings associations, and federal branches to close offices in areas of Florida and Georgia affected by Hurricane Debby.

ICBA: BNPL products should adhere to same rules as banks

Aug 2, 2024 | NewsWatch Today
Requiring “buy now, pay later” digital user accounts to comply with the billing error resolution process in Regulation Z could provide community banks relief, ICBA told the Consumer Financial Protection Bureau.

Agencies issue second request for comments under EGRPRA review

Aug 2, 2024 | NewsWatch Today
Federal banking regulators formally issued their second request for comment under the latest Economic Growth and Regulatory Paperwork Reduction Act regulatory review.

Community banks continue to see HELOC-related check fraud

Aug 2, 2024 | NewsWatch Today
Fraudsters are increasingly using information gained from public record searches on recorded mortgages to create checks drawn on home equity lines of credit, ICBA’s Rebeca Romero Rainey shared in a message to community bankers this week.

Community banks seeing uptick in HELOC-related check fraud

Aug 1, 2024 | NewsWatch Today
Fraudsters are increasingly using information gained from public record searches on recorded mortgages to create checks drawn on home equity lines of credit, ICBA told community bankers.

Senators call on FDIC to withdraw corporate governance proposal

Aug 1, 2024 | NewsWatch Today
Republican members of the Senate Banking Committee called on the FDIC to withdraw proposed corporate governance guidelines, citing their impact on community banks that serve small and rural communities.

Fed keeps rates unchanged

Aug 1, 2024 | NewsWatch Today
The Federal Open Market Committee voted to keep interest rates unchanged until it has gained greater confidence that inflation is moving sustainably toward the Federal Reserve’s 2% goal.

FDIC proposes stricter standards on industrial loan companies

Jul 31, 2024 | NewsWatch Today
The FDIC board of directors advanced a proposed rule to enhance the agency’s framework to supervise industrial loan companies.