Newsroom Graphic

NewsWatch Today

Agencies adjust CRA asset thresholds

Dec 21, 2023 | NewsWatch Today
Federal regulators announced the 2024 updated asset-size thresholds used to define "small banks" and "intermediate small banks" under their current Community Reinvestment Act regulations.

Romero Rainey: ICBA mission crucial to 2023 successes

Dec 20, 2023 | NewsWatch Today
Never has ICBA’s community bank-focused mission been more important than in 2023, ICBA President and CEO Rebeca Romero Rainey said in a message to the nation’s community bankers.

Biden vetoes ICBA-advocated 1071 resolution

Dec 20, 2023 | NewsWatch Today
President Joe Biden vetoed an ICBA-advocated bipartisan resolution to overturn the Consumer Financial Protection Bureau’s Section 1071 rule.

Navy Federal faces lawsuit following reports of discriminatory lending

Dec 20, 2023 | NewsWatch Today
Plaintiffs this week filed a class-action lawsuit against Navy Federal Credit Union following last week’s CNN report of the credit union’s wide racial disparities in mortgage approval rates.

CFPB issues overdraft report ahead of proposed rule

Dec 20, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau issued a report on consumer experiences with overdraft and non-sufficient-fund fees ahead of an expected rulemaking.

Senate bill would improve supervisory appeals process

Dec 19, 2023 | NewsWatch Today
ICBA-advocated legislation to improve the bank examination environment through a workable appeals process was introduced in the Senate.

Key lawmaker to Navy Federal: Explain report on lending disparities

Dec 19, 2023 | NewsWatch Today
House Financial Services Committee Ranking Member Maxine Waters (D-Calif.) said Navy Federal Credit Union must explain itself to Congress following last week’s CNN report of its wide racial disparities in mortgage approval rates.

FDIC board meeting tomorrow on budget, signage

Dec 19, 2023 | NewsWatch Today
The FDIC scheduled a board meeting for 2 p.m. (Eastern time) tomorrow, Dec. 20.

FDIC issues advisory on CRE concentrations

Dec 19, 2023 | NewsWatch Today
The FDIC issued an advisory to reemphasize the importance of strong capital, appropriate credit loss allowance levels, and robust credit risk-management practices for institutions with commercial real estate concentrations.

ICBA urges passage of new Senate bill to close ILC loophole

Dec 18, 2023 | NewsWatch Today
ICBA expressed strong support for the introduction of Senate legislation to close the industrial loan company loophole.

SEC rejects Coinbase request for crypto framework

Dec 18, 2023 | NewsWatch Today
The Securities and Exchange Commission denied Coinbase’s request for the agency to develop a new regulatory framework for cryptoasset securities.

ICBA-backed bill would clarify CFPB’s UDAAP authority

Dec 18, 2023 | NewsWatch Today
Rep. Andy Barr (R-Ky.) formally introduced his ICBA-advocated bill to clarify the Consumer Financial Protection Bureau’s authority to oversee unfair, deceptive, and abusive acts and practices, known as UDAAP.