NewsWatch Today

A new op-ed says credit unions should not be designated as community development financial institutions due to their tax exemption.

The Community Bankers of Michigan called on state lawmakers to subject credit unions to sound regulations such as the Community Reinvestment Act.

Deputy Treasury Secretary Michael Faulkender is leaving the Treasury Department, according to media reports.

The Consumer Financial Protection Bureau released an advance notice of proposed rulemaking to collect information on how it should implement Section 1033 standards on sharing consumer financial data, and ICBA urged the agency to focus its rulemaking on including needed protections for community banks and their customers.

ICBA said it supported four pieces of legislation aimed at strengthening community development financial institutions that are being considered as an amendment to the National Defense Authorization Act.

ICBA next month is hosting three Let’s Chat sessions on how community banks are using ICBA’s talent development solutions to support leadership succession, employee retention, and team growth.

Senior ICBA staff and ICBA’s De Novo Working Group met with FDIC Acting Chairman Travis Hill to discuss regulatory challenges that de novo banks face.

Disinflation appeared to stall during the first half of the year while labor market conditions remained solid, according to the minutes of the Federal Open Market Committee’s July 29–30 meeting.

ICBA is calling on community bankers to use its newly published grassroots guide to submit comment letters on an ICBA-supported interagency request for information on mitigating payments fraud.

The FDIC proposed amending regulations governing the display of the FDIC official digital sign and non-deposit signage.

ICBA and other groups urged Congress to reject the Marshall-Durbin interchange legislation—formally known as the Credit Card Competition Act—and a related “commissary interchange” study proposed as amendments to the fiscal 2026 National Defense Authorization Act.

The latest Independent Banker magazine details how some community banks are revamping their certificate of deposit strategies.