NewsWatch Today

Federal and state financial regulators issued a joint statement saying they recognize the serious impact of Hurricane Idalia on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision.

With Congress back in Washington from its August recess, ICBA continues encouraging community bankers to use its grassroots alerts and customizable resources on various pressing advocacy issues.

The FDIC said it recently amended details of its Equal Housing Lender posters, which FDIC-supervised institutions are required by the Fair Housing Act to maintain in branches.

Following several credit union acquisitions of community banks this week, ICBA repeated its call for Congress to investigate these taxpayer-subsidized deals.

Sen. John Kennedy (R-La.) and seven other Senate Banking Committee members asked the Consumer Financial Protection Bureau to issue a nationwide stay of its Section 1071 rule amid a pending court challenge.

The ICBA Foundation Disaster Relief Program continues requesting tax-deductible donations to assist community banks and employees affected by a recent series of deadly wildfires on the Hawaiian island of Maui.

The latest episode of ICBA’s “Independent Banker” podcast spotlights how to budget for innovation and find the right fintech partners.

With Congress returning to Washington next week, ICBA continues encouraging community bankers to use its customizable resources to educate and engage their customers on the Consumer Financial Protection Bureau’s Section 1071 rule.

The Consumer Financial Protection Bureau reiterated its plan to propose new rules to prevent the misuse and abuse of consumer information collected by credit reporting companies and other data brokers.

ICBA called on federal regulators to avoid disincentivizing the use of automated valuation models, or AVMs, which mortgage lenders use to value real estate collateral.

The FDIC board of directors said it will meet next week to consider new regulatory standards for large banks.

The Swift financial transactions and payments network said 89% of cross-border payments are processed over its network in less than an hour, placing its transaction speed ahead of the G20’s end-to-end target of 75% by 2027.