NewsWatch Today

ICBA spotlighted payments fraud trends in a presentation to the Financial Education and Literacy Commission, a statutory commission chaired by the Treasury secretary and comprising the heads of 24 federal agencies.

ICBA and other groups called on the Treasury Department to extend the 30-day comment period for its advance notice of proposed rulemaking on the implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act.

Credit union acquisitions of community banks received renewed media attention this week with a new article on the largest acquisition so far this year.

The federal government launched an updated webpage with information on its Sept. 30 transition away from issuing paper checks for most federal payments, while the IRS said it will publish guidance before the 2026 filing season begins.

Ten ICBA community bankers and several staff members met with federal regulators to discuss community bank experiences and concerns with core service providers.

ICBA Community, the exclusive digital network for ICBA members, has surpassed 6,000 members.

ICBA and the Cybersecurity and Infrastructure Security Agency are scheduled to host a members-only tabletop exercise to support community bank cybersecurity at noon (Eastern time) Thursday, Oct. 16.

New Federal Reserve Governor Stephen Miran said the Fed’s target interest rate is roughly 2 percentage points too tight, risking unnecessary layoffs and higher unemployment.

ICBA is calling on community bankers to submit comments this week on the FDIC’s proposal to adjust and index certain regulatory thresholds, most notably Part 363 independent audit and reporting requirements.

ICBA told the FDIC that it has a statutory duty to reject the applications of industrial loan companies that pose undue risks to the Deposit Insurance Fund and fail to serve the convenience and needs of their community.

The Treasury Department issued an advance notice of proposed rulemaking seeking public comment related to its implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act.

Following ICBA advocacy, the OCC announced it will reverse its ICBA-opposed plan to merge its community, midsize, and large bank supervision functions into a single unit.