NewsWatch Today

Community bank customers have joined the industry in expressing opposition to the Biden administration’s proposal to require banks to report their customers’ account information to the IRS.

The Treasury Department said the Federal Insurance Office is requesting public comment on the insurance sector and climate-related financial risks.

A new Financial Times article (paywall) reports on how community banks have been “irreplaceable” during the pandemic, including by leading the Paycheck Protection Program response.

Federal and state regulators said they will provide appropriate regulatory assistance to institutions affected by Hurricane Ida.

ICBA Chairman Robert Fisher is scheduled to testify this Wednesday at a House Small Business Committee hearing on what’s next for Paycheck Protection Program forgiveness.

ICBA continues encouraging consumers to express opposition to the Biden administration’s proposal to require banks to report their customers’ account information to the IRS.

The Alternative Reference Rates Committee released frequently asked questions on its best practices for using Secured Overnight Financing Rate term rates.

ICBA is encouraging consumers to express opposition to the Biden administration’s proposal to require banks to report their customers’ account information to the IRS.

ICBA renewed its call for policymakers to examine the credit union tax exemption as the number of credit union-bank acquisitions passed 100.

ICBA and other groups expressed opposition to a Department of Housing and Urban Development proposal to re-implement its 2013 rule on discriminatory effects.

Nacha “Meaningful Modernization” changes to improve and simplify the ACH user experience are scheduled to take effect next month.

ICBA updated its Hurricane Preparedness resource center with the latest on Hurricane Grace and Tropical Storm Henri.