Newsroom Graphic

NewsWatch Today

Compensation survey targets impact of pandemic

Jul 13, 2020 | NewsWatch Today
This year’s Crowe Compensation and Benefits Survey asks about how the COVID-19 pandemic, working remotely, and personal protective equipment are affecting the banking industry.

CFPB reports on debt settlement, credit counseling

Jul 13, 2020 | NewsWatch Today
The Consumer Financial Protection Bureau released a report documenting changes in how consumers have used debt settlement and credit counseling for unsecured debt.

House committee passes ag appropriations

Jul 13, 2020 | NewsWatch Today
The House Appropriations Committee approved fiscal 2021 agriculture and rural development legislation. The bill allows for a combined $153 billion in discretionary and mandatory funding, an increase of $331 million over fiscal 2020.

SoFi ditches ILC push for full-service bank charter

Jul 10, 2020 | NewsWatch Today
Fintech company SoFi applied for a full-service national bank charter with the OCC after withdrawing its industrial loan company application nearly three years ago, according to reports.

ICBA continues fighting debt plan for largest credit unions

Jul 10, 2020 | NewsWatch Today
ICBA continued pushing back against a National Credit Union Administration proposal that would allow the largest and most complex credit unions to issue subordinated debt as an alternative form of capital.

Support grows for ICBA-backed PPP forgiveness bill

Jul 10, 2020 | NewsWatch Today
Nearly 140 other organizations joined ICBA in urging Congress to advance legislation that would forgive Paycheck Protection Program loans under $150,000.

ICBA urging ILC grassroots outreach

Jul 9, 2020 | NewsWatch Today
ICBA is calling on community bankers to urge their senators to co-sponsor legislation to close the industrial loan company loophole.

ICBA resources follow PPP data release

Jul 9, 2020 | NewsWatch Today
ICBA this week released talking points and a sample letter to PPP borrowers about the SBA and Treasury Department release of information about individual Paycheck Protection Program loans.

ICBA to Approps panel: Don't expand Farm Credit

Jul 9, 2020 | NewsWatch Today
ICBA urged the House Appropriations Subcommittee on Defense to ensure the fiscal 2021 defense spending bill does not include any expansion of the Farm Credit System.

CFPB rescinds part of small-dollar rule

Jul 8, 2020 | NewsWatch Today
The Consumer Financial Protection Bureau issued a final rule on small-dollar lending that rescinds the mandatory underwriting provisions of the 2017 rule but keeps its payments provisions.

ICBA seeking ILC grassroots outreach

Jul 8, 2020 | NewsWatch Today
ICBA continues calling on community bankers to urge their senators to co-sponsor legislation to close the industrial loan company loophole.

CFPB ratifies regulations following Supreme Court decision

Jul 8, 2020 | NewsWatch Today
The Consumer Financial Protection Bureau ratified most regulatory actions it took from Jan. 4, 2012, through June 30, 2020. The CFPB said the move provides the financial marketplace with certainty that the rules are valid following last week's Supreme Court ruling that the bureau's single-director governance structure is unconstitutional.