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ICBA opposing congressional efforts to advance rate caps

Sep 27, 2023 | NewsWatch Today
ICBA and other groups expressed united opposition to a legislative proposal to impose a national cap on the fees and interest charged on consumer loans.

ICBA requests comment extension on overtime proposal

Sep 27, 2023 | NewsWatch Today
ICBA and other groups asked the Labor Department to extend by 60 days the comment period on its proposal to increase the number of employees who are entitled to overtime compensation.

Senate preps for vote on resolution to reverse 1071 rule

Sep 27, 2023 | NewsWatch Today
With the Senate set to act as soon as this week on a resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA is urging community bankers to urge their senators to support the measure.

Fed joins crackdown on re-presented transactions

Sep 26, 2023 | NewsWatch Today
The Federal Reserve has joined the FDIC and OCC in targeting how banks treat single items that are repeatedly rejected for insufficient funds.

Grassroots urgent as Senate prepares to act on 1071 reversal

Sep 25, 2023 | NewsWatch Today
With the Senate set to act as soon as this week on a resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule, ICBA is urging community bankers to urge their senators to support the measure.

Key stakeholders join opposition to credit card routing bill

Sep 25, 2023 | NewsWatch Today
A key member of the House along with major airlines and transportation unions last week announced their opposition to legislation that would impose credit card routing restrictions, which ICBA continues urging community bankers to speak out against.

SBA Advocacy roundtables on new overtime proposal

Sep 25, 2023 | NewsWatch Today
The Small Business Administration’s Office of Advocacy this week is hosting roundtable discussions on the Labor Department’s proposal to increase the number of employees who are entitled to overtime compensation. Banks with less than $850 million in assets—which are defined as small businesses by the SBA—are invited to join.

Fed’s Bowman urges community banks to weigh in on agency rulemakings

Sep 25, 2023 | NewsWatch Today
Federal Reserve Governor Michelle Bowman encouraged community bankers to provide feedback on agency rulemakings.

ICBA opposing latest effort to advance credit card routing bill

Sep 22, 2023 | NewsWatch Today
ICBA continues calling on community bankers to urge their senators to oppose legislation that would impose credit card routing restrictions amid renewed efforts to attach it to government funding measures.

CFPB outlines proposals to remove medical bills from credit reports

Sep 22, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau said it is beginning a rulemaking process to remove medical bills from Americans’ credit reports.

FDIC’s Hill cites credit unions in discussion of bank merger review

Sep 22, 2023 | NewsWatch Today
If the FDIC reopens its policies on bank mergers, it should consider competition from credit unions and other nonbank institutions that perform bank-like functions, FDIC Vice Chairman Travis Hill said.

Consumer groups press CFPB for arbitration crackdown

Sep 22, 2023 | NewsWatch Today
Several consumer groups recently petitioned the Consumer Financial Protection Bureau for a rulemaking on pre-dispute arbitration.