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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.

ICBA ThinkTECH partner named top accelerator program by Finovate

Aug 14, 2020 | NewsWatch Today
ICBA’s ThinkTECH Accelerator partner, The Venture Center, will be recognized during the Finovate fall virtual conference in September for its efforts to nurture quality fintech companies and prime them for success.

Op-ed notes rising credit union acquisitions in the Midwest

Aug 14, 2020 | NewsWatch Today
The recent purchase of West End Bank by 3Rivers Federal Credit Union last month, is part of a disturbing trend of large, billion-dollar credit unions buying small community banks, writes Thomas Aiello of the National Taxpayers Union.

Grassroots push continues amid stimulus debate

Aug 14, 2020 | NewsWatch Today
As negotiations over the next emergency stimulus package continue, ICBA is calling on community bankers to urge needed reforms.

ICBA kicks off ThinkTECH 3.0

Aug 13, 2020 | NewsWatch Today
ICBA announced the kickoff of its third ICBA ThinkTECH Accelerator program in partnership with The Venture Center.