As requested by ICBA, the Small Business Administration released a streamlined form to help community banks comply with President Donald Trump’s executive order on ensuring access to fair banking.
The Community Development Financial Institutions Fund announced it has awarded 56 organizations $8.8 million in technical assistance awards under the fiscal 2025 funding round.
Several programs that community banks rely on would be affected by a federal shutdown if Congress can’t agree on a short-term funding resolution before midnight tonight.
ICBA called on the FDIC to raise the threshold for auditor attestation and reporting requirements under its proposal to adjust and index certain regulatory thresholds.
ICBA and its affiliated state community banking associations called on the Treasury Department to ensure an ICBA-advocated tax exclusion passed under the One Big Beautiful Bill Act applies to as many agricultural loans as possible.
Revising community bank capital standards and addressing check fraud are top priorities for the Federal Reserve, Fed Vice Chair for Supervision Michelle Bowman said.