NewsWatch Today

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.

A federal judge in Texas reversed an ICBA-opposed Consumer Financial Protection Bureau rule that barred consumer credit reports from including medical debt.

ICBA urged Congress to pursue a much-needed update to regulatory thresholds created by the Dodd-Frank Act.

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.