ICBA released a briefing document outlining the key community banking provisions of the recently passed One Big Beautiful Bill Act budget reconciliation package (H.R. 1).

The OCC announced that it removed references for disparate impact liability from the “Fair Lending” booklet of the Comptroller’s Handbook, started removing references in other materials, and instructed examiners that they should no longer examine for disparate impact.

The federal banking agencies issued a joint statement to provide clarity on banks' engagement in cryptoasset-related activities, highlighting potential risk-management considerations related to holding cryptoassets on customers' behalf.