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ICBA-backed bill would codify program supporting minority banks

Mar 4, 2024 | NewsWatch Today
Rep. Joyce Beatty (D-Ohio) introduced ICBA-supported legislation to codify a Treasury Department program to support minority depository institutions and other community banks.

Regulators meeting this week at Community Reinvestment Conference

Mar 4, 2024 | NewsWatch Today
Regulators meeting this week at Community Reinvestment Conference

CFPB issues guidance on financial comparison-shopping sites

Mar 1, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau issued guidance to law enforcement agencies and regulators explaining how companies operating comparison-shopping tools can break the law when they steer consumers to certain products or lenders because of kickbacks.

FHFA changes timeline for new credit score models

Mar 1, 2024 | NewsWatch Today
The Federal Housing Finance Agency announced updates to the implementation of new credit score requirements for single-family loans acquired by Fannie Mae and Freddie Mac.

‘Pig butchering’ scams have nabbed $75B: study

Mar 1, 2024 | NewsWatch Today
A new academic paper found “pig butchering” scams—in which victims invest increasing sums in supposedly legitimate virtual currency enterprises before being conned out of their money—claimed $75 billion since January 2020.

Global group warns of crypto intermediary, stablecoin risks

Mar 1, 2024 | NewsWatch Today
The head of the Financial Stability Board warned of the risks posed by multifunction crypto intermediaries and stablecoins.

Independent Banker magazine, podcast honored

Feb 29, 2024 | NewsWatch Today
ICBA’s Independent Banker magazine took home top honors in its category for this year’s Association Trends 2024 TRENDY Awards, while the Independent Banker podcast also received recognition in the best podcast category.

Navy Federal fallout continues on Capitol Hill

Feb 29, 2024 | NewsWatch Today
The fallout of reports on discriminatory lending at Navy Federal Credit Union continued Wednesday with new congressional leaders seeking an inquiry.

ICBA urging opposition to Florida credit union bill

Feb 29, 2024 | NewsWatch Today
ICBA is encouraging Florida community bankers to respond to the Florida Bankers Association’s request for phone calls opposing state legislation to expand the powers of tax-exempt credit unions.

Fed’s Bowman: CRA rule would constrain community banks

Feb 28, 2024 | NewsWatch Today
The Community Reinvestment Act final rule issued last fall is unnecessarily complex and would impose disproportionate regulatory burdens on community banks, Federal Reserve Governor Michelle Bowman said.

ICBA urging outreach on new farm bill

Feb 28, 2024 | NewsWatch Today
ICBA is urging community bankers to call and write their members of Congress on the pending farm bill.

Barr: Fed monitoring large banks’ hedge fund risks

Feb 28, 2024 | NewsWatch Today
Large banks should be doing more to account for the counterparty risks posed by hedge funds and other nonbanks, Federal Reserve Vice Chair for Supervision Michael Barr said.