NewsWatch Today

The Federal Reserve said it will raise order limits for nickels, dimes, and quarters, effective Tuesday. Limits for pennies are unchanged.

The Federal Reserve said it plans to roll out its FedNow instant payments service between May and July of next year.

ICBA continues speaking out against policymakers’ efforts to expand on harmful Durbin Amendment interventions on payment card systems, ICBA President and CEO Rebeca Romero Rainey wrote in a recent blog post.

ICBA and the Cybersecurity and Infrastructure Security Agency are hosting a tabletop exercise today and tomorrow to support community bank cybersecurity.

The U.S. Department of Agriculture will provide up to $550 million in funding to support projects that enable underserved producers to access land, capital, and markets, and train the next generation of agricultural professionals.

The Biden administration announced plans to provide up to $20,000 in student debt forgiveness and extended the federal student loan repayment moratorium, first implemented under the Trump administration, through Dec. 31.

With cybersecurity topping community bankers’ list of risk concerns, ICBA has partnered with the Cybersecurity and Infrastructure Security Agency to host two tabletop exercise dates next week designed specifically for community bankers.

The House passed budget reconciliation legislation that excludes several proposed tax provisions strongly opposed by ICBA.

ICBA is calling on community bankers to submit personalized comments to the FDIC opposing its proposal to raise deposit insurance assessment rates by 2 basis points on all insured institutions.

The Consumer Financial Protection Bureau released a blog post targeting the growing divergence between credit card interest and charge-off rates—and previewing an inquiry into industry practices.

ICBA called on federal banking regulators to issue a uniform final rule on Community Reinvestment Act modernization that minimizes new data collection and reporting burdens for community banks.

With Congress breaking for the August recess, ICBA offers an updated version of its “Meetings on Main Street” guide to help community bankers host members of Congress.