NewsWatch Today

The Federal Housing Finance Agency's Credit Score Models and Reports Initiative is overly complex, costly to consumers, and missing key requirements for a successful transition, ICBA and other groups said in a letter outlining recommendations.

ICBA and other groups expressed strong support for the Community Development Financial Institutions Fund in a letter to the bipartisan Senate Community Development Finance Caucus.

The Federal Open Market Committee voted to maintain target interest rates at a range of 4.25% to 4.5%.

Saying that new technologies are important tools for community banks to meet customer demand, increase revenue, improve efficiencies, and remain competitive, the OCC announced a new webpage with dedicated resources to help community banks meet their digitalization objectives.

The latest Independent Banker magazine spotlights what community bankers need to know about the Fedwire Funds Service’s conversion to the ISO 20022 message format.

Following President Donald Trump’s executive order directing the Treasury Department to eliminate the non-statutory components of the Community Development Financial Institutions Fund, ICBA highlighted the critical role that CDFI community banks play in local economies.

With Congress working to advance ICBA-advocated legislation to support rural lending and to overturn the Consumer Financial Protection Bureau’s overdraft rule, ICBA is urging community bankers to contact their members of Congress on these measures.

ICBA expressed its strong support for President Donald Trump’s nomination of Federal Reserve Governor Michelle Bowman for vice chair for supervision at the Fed—as advocated by ICBA.

President Donald Trump issued an executive order restricting the Community Development Financial Institutions Fund and some other federal programs to their statutory components and functions.

ICBA congratulated new Federal Housing Finance Agency Director Bill Pulte on his confirmation and laid out its key concerns related to housing finance policies.

ICBA’s Independent Banker magazine took home top honors in its category for the Association Trends 2025 TRENDY Awards.

ICBA said the application for FDIC insurance from the automaker Stellantis threatens the Deposit Insurance Fund and doesn’t serve the convenience and needs of the community.