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FDIC issues update on amended HMDA threshold

Feb 6, 2023 | NewsWatch Today
The FDIC issued a Financial Institution Letter on changes to the loan-origination threshold for reporting Home Mortgage Disclosure Act data on closed-end mortgage loans following a recent court decision. The OCC previously issued a similar bulletin.

Politico spotlights ‘powerful’ ICBA push for crypto oversight

Feb 6, 2023 | NewsWatch Today
ICBA’s push for policymakers to rein in the crypto industry as part of its agenda for the 118th Congress made headlines in Politico.

SEC rethinking climate disclosure proposal: report

Feb 6, 2023 | NewsWatch Today
The Securities and Exchange Commission is considering “softening” its ICBA-opposed proposed rule to institute climate-related investor disclosures, according to The Wall Street Journal.

House, Senate committee hearings underway this week

Feb 6, 2023 | NewsWatch Today
The House and Senate’s banking committees this week are scheduled to host their first hearings of the 118th Congress.

ICBA requests clarity on HUD appraisal guidance

Feb 6, 2023 | NewsWatch Today
ICBA called on the Department of Housing and Urban Development to clarify lender obligations under draft guidance on borrower requests for Reconsideration of Value, or ROV, of appraised properties for Federal Housing Administration single-family loans.

Proposal would require banks to verify U.S. Treasury checks

Feb 3, 2023 | NewsWatch Today
The Treasury Department’s Bureau of the Fiscal Service issued a proposed rule to amend its regulations governing the payment of checks drawn on the U.S. Treasury.

ICBA: CFPB credit card proposal misrepresents community bank model

Feb 2, 2023 | NewsWatch Today
ICBA raised concerns with a new Consumer Financial Protection Bureau proposed rule on credit card late fees and the bureau’s mischaracterizations of community bank credit card lending.

Fed raises interest rates 25 basis points

Feb 2, 2023 | NewsWatch Today
The Federal Open Market Committee raised the federal funds rate target by 25 basis points to a range of 4.5% to 4.75%.

OCC issues bulletin on amended HMDA threshold

Feb 2, 2023 | NewsWatch Today
The OCC issued a bulletin on changes to the loan-origination threshold for reporting Home Mortgage Disclosure Act data on closed-end mortgage loans following a recent court decision.

FDIC extends deadline on proposed updates to logo rules

Jan 31, 2023 | NewsWatch Today
The FDIC extended by 45 days the public comment period for proposed changes to its regulations relating to the FDIC’s official sign, official advertising statement, deposit insurance misrepresentations, and misuse of the agency’s name or logo. Comments are now due by April 7.

ICBA supports federal actions to mitigate nonbank risks

Jan 30, 2023 | NewsWatch Today
ICBA said it supports several federal actions announced Friday that will help mitigate the risks posed by special-purpose depository institutions and digital assets.

New resource spotlights six phases of FedNow journey

Jan 30, 2023 | NewsWatch Today
The Federal Reserve released a guide on the six phases of the FedNow Service journey. The document shows key activities and decisions for organizations to prepare for and go live with FedNow.