Advocacy

Technology

ICBA IT Outsourcing
Pre-Decisioning Questionnaire


Is your bank contemplating a new project to obtain strategic IT capabilities? Don’t know where to start? Weighing the pros and cons of IT outsourcing can be stressful.

Use this interactive quiz to evaluate your bank’s unique circumstances, the risks and regulatory requirements, and balance these considerations against the advantages of outsourcing your key IT capabilities.

Additional information is available in the IT Outsourcing white paper.

Take the quiz

Resource Guide
Publications

Core Processor Resource Guide

Resource Guide

A community bank’s core processor should be a strategic partner that supports the bank’s long-term business objectives.

The ICBA Core Processor Resource Guide will help community banks with some of the more important aspects of managing this relationship to maximize the return on their technology investments.

Is your bank contemplating a new project to obtain strategic IT capabilities? Don’t know where to start? Visit our technology advocacy page for useful resources and documents.

FREE for members
Members Only Webinar

Optimizing Your Core Processor Relationship

Learn how to better optimize your core processor relationship with this member-exclusive webinar recorded April 14, 2021.

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Letters

Title Recipient Date
OCC 10/30/24
Treasury Department 08/12/24
FDIC, OCC, Federal Reserve 08/09/24
Consumer Protection Financial Bureau 01/09/24
Office of Management and Budget 12/05/23
CFPB 08/02/22
Federal Reserve Board 04/22/22
House Financial Services Committee 04/05/22
Sens. Cruz, Braun, Grassley 04/04/22
Rep. Tom Emmer 04/04/22
DOJ 02/15/22
FinCEN 02/08/22
CFPB 12/06/21
Basel Committee on Banking Supervision 09/10/21
FDIC, Fed, OCC 07/30/21
FDIC 07/15/21
OCC, Fed, FDIC, CFPB, NCUA 07/14/21
Fed 07/12/21
Reps. Madeleine Dean and Kelly Armstrong 06/11/21
House of Representatives 05/24/21
117th Congress 05/06/21
FDIC, OCC, Fed, CFPB, NCUA 04/22/21
CFPB, FDIC, Fed, OCC 03/08/21
OCC 03/02/21
OCC 02/12/21
OCC 01/08/21
FinCEN 01/04/21
OCC 12/07/20
OCC 11/20/20
116th Congress 10/15/20
Fed 10/05/20
U.S. House Task Force on Financial Technology 09/29/20
FDIC 09/22/20
OCC 08/04/20
FCC 05/22/20
FCC 04/20/20
FCC 03/31/20

CFPB issues guidance on credit denials by lenders using AI

Sep. 20, 2023

The Consumer Financial Protection Bureau issued guidance about certain legal requirements that lenders must adhere to when using artificial intelligence and other complex models.

Details: The guidance says:

  • Lenders must use specific and accurate reasons when taking adverse actions against consumers.

  • Creditors cannot simply use the CFPB’s sample adverse-action forms and checklists if they do not reflect the actual reason for the denial of credit or a change of credit conditions.

  • This requirement is especially important with the growth of advanced algorithms and personal consumer data in credit underwriting.

Testimony

Title Committee Presenter Date
Senate Banking Hearing 02/15/22
Senate Banking Committee Written Statement 12/14/21
House Financial Services Committee Written statement 12/07/21
Committee on Banking, Housing and Urban Affairs ICBA 04/28/21
HSFC 09/29/20
Senate Banking, Housing, and Urban Affairs Committee Written Statement 09/12/17