When autocomplete results are available use up and down arrows to review and enter to select.
| Title | Recipient | Date |
|---|---|---|
| ICBA Letter Supporting H.R. 8099 | U.S. House of Representatives | 05/21/24 |
| Joint Letter Supporting Bill to Stop Abusive Trigger Leads | Senate Banking Committee, House Financial Services Committee | 03/11/24 |
| ICBA Letter in Support of S.3502 | U.S. Senate | 12/15/23 |
| House SECURE Support Letter - Coalition | Reps. Madeleine Dean and Kelly Armstrong | 06/11/21 |
| Coalition Support Letter Regarding S3533 - HR 6364 SECURE Notarization Act | 116th Congress | 03/26/20 |
| Title | Recipient | Date |
|---|---|---|
| ICBA Comments on CFPB Mortgage Servicing Proposal | Consumer Financial Protection Bureau | 09/10/24 |
| Joint Letter on CFPB Mortgage Servicing Proposal | Consumer Financial Protection Bureau | 09/10/24 |
| Joint Letter to the CFPB on Mortgage Servicing Language Access | Consumer Financial Protection Bureau | 09/10/24 |
| Joint Trades Letter on First Generation Homebuyer Definition | Federal Housing Finance Agency | 06/10/24 |
| Comments on 2024 Equitable Housing Finance Plans | Federal Housing Finance Agency | 06/10/24 |
| Title | Committee | Presenter | Date |
|---|
Aug. 09, 2023
The Federal Housing Finance Agency said it is considering adjustments to its plan for transitioning Fannie Mae and Freddie Mac to new credit score models following outreach from ICBA and other groups.
Industry Concerns: In a June letter, ICBA and other groups representing the mortgage industry:
Expressed concerns with the FHFA plan to replace the Classic FICO credit score model with FICO 10T and VantageScore 4.0.
Said the implementation timeline and plan lack data and transparency and fail to address the far-reaching effects of the proposed policy changes.
Called for stakeholder engagement, robust data transparency, and a recalibrated timeline.
FHFA Letter: In response, the FHFA said it is considering adjustments to the proposed timeline, understands the need for data to support stakeholder analysis of the impacts of the new credit score models, and is developing several mechanisms to ensure robust stakeholder engagement.
Previous ICBA Comments: ICBA has strongly opposed the mandatory use of multiple scores in comments to the FHFA and during the agency’s listening session on this initiative. ICBA has previously cited the potential cost for smaller lenders of implementing the changes and said they might be more costly than they’re worth, especially for community banks.
