NewsWatch Today

Federal Reserve payment services are back online following a three-hour disruption yesterday that the Fed attributed to "operational error."

One of the Biden administration's Paycheck Protection Program reforms announced earlier this week started yesterday, with the rest set to be implemented next week.

ICBA and other groups urged policymakers to protect crop insurance from harmful cuts as they develop the fiscal 2022 budget.

The Financial Crimes Enforcement Network issued an advisory to alert financial institutions to fraud and other financial crimes related to Economic Impact Payments.

Community banks reported net income growth of 21.2 percent in the fourth quarter from a year ago and a 3.6 percent increase in 2020 from the year before, according to the FDIC's Quarterly Banking Profile.

​The Consumer Financial Protection Bureau said it expects to propose a rule to delay its Qualified Mortgage rule’s July 1 mandatory compliance date.

ICBA and other groups urged Congress to include language in the next stimulus package exempting the third round of Economic Impact Payments from garnishment.

The Biden administration announced several Paycheck Protection Program reforms to target the program to the smallest businesses.

ICBA and other groups called on House appropriators to ensure adequate funding for key USDA rural development programs in the next COVID bill.

Federal and state agencies announced relief to institutions and taxpayers affected by this month's winter storms in Texas and other states.

Federal regulators issued final call report changes related to asset threshold relief given the impact of Paycheck Protection Program lending on bank balance sheets.

Federal Reserve Chairman Jerome Powell is slated to testify this week before the Senate Banking Committee and House Financial Services Committee on the agency's Semiannual Monetary Policy Report.