NewsWatch Today

A new blog post from ICBA President and CEO Rebeca Romero Rainey details what’s in the recently signed GENIUS Act stablecoin law and what it means for community banks.

The ICBA Foundation Disaster Relief Program in coordination with the Independent Bankers Association of Texas is requesting tax-deductible donations to assist community banks and employees affected by recent flooding in as.

The House Financial Services Committee today kicks off a two-day markup of various banking bills, including several ICBA-advocated regulatory reform measures.

President Donald Trump signed into law the GENIUS Act, which establishes a regulatory framework for payment stablecoins. The bill signing follows a House vote last week of 308-122 to pass the GENIUS Act following Senate passage last month.

Sens. Katie Britt (R-Ala.) and John Boozman (R-Ark.) introduced legislation to shield community banks from the Consumer Financial Protection Bureau’s Section 1071 small-business reporting rule.

The House of Representatives passed three bills designed to establish stablecoin and digital asset regulatory frameworks and prohibit the United States from issuing a central bank digital currency.

The latest Independent Banker magazine spotlights efforts by nontraditional financial companies to get access to Federal Reserve master accounts and why ICBA is working to protect access to these accounts.

The Federal Housing Administration shared that the Presidentially-Declared Major Disaster Area declaration in Texas issued on July 6 due to the recent catastrophic flooding across the state was updated to include additional counties.

ICBA testified before Congress on the importance of community banks to the nation’s agriculture credit markets and how policymakers can enhance the new farm bill.

Federal bank regulatory agencies issued a joint proposal to rescind the Community Reinvestment Act final rule issued in October 2023 and replace it with the prior CRA regulations after the FDIC board of directors advanced the proposal earlier this week.

The Federal Reserve announced the completed migration to the ISO 20022 message format for the Fedwire Funds Service.

The FDIC proposed raising various regulatory thresholds to account for inflation and to allow future adjustments using an indexing methodology, as advocated by ICBA.