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.

President Joe Biden vetoed an ICBA-advocated bipartisan resolution to overturn the Consumer Financial Protection Bureau’s Section 1071 rule.

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.

The Consumer Financial Protection Bureau issued a report on consumer experiences with overdraft and non-sufficient-fund fees ahead of an expected rulemaking.

ICBA-advocated legislation to improve the bank examination environment through a workable appeals process was introduced in the Senate.

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.

The FDIC scheduled a board meeting for 2 p.m. (Eastern time) tomorrow, Dec. 20.

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 expressed strong support for the introduction of Senate legislation to close the industrial loan company loophole.

The Securities and Exchange Commission denied Coinbase’s request for the agency to develop a new regulatory framework for cryptoasset securities.

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.

The Farm Credit Administration board met last week to receive a quarterly report on economic conditions affecting the agricultural economy and Farm Credit System institutions.