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.