NewsWatch Today

Federal and state banking regulators said Sunday that they will not direct supervised institutions to automatically categorize coronavirus-related loan modifications as troubled debt restructurings.

This week’s ICBA pushback against credit union advocacy meetings in Washington is making news.

Federal Reserve Gov. Michelle “Miki” Bowman said the declining presence of community banks in the consumer real estate mortgage market is a key challenge facing the housing sector.

With a proven track record of common-sense legislative achievements that benefit Main Street consumers, small businesses, farmers and ranchers, we remain committed to pragmatic legislative solutions that will build on recent successes and expand the reach of our nation's economic prosperity to every urban, suburban and rural community we serve.

A new Main Street Matters post breaks down what's next for cannabis banking following the bipartisan House vote advancing the SAFE Banking Act.

With the Federal Reserve closing in on its decision about whether to take a leadership role in faster payments, ICBA is urging community bankers to contact policymakers in support of Fed involvement.

ICBA urged Congress to require all entities that are responsible for handling personal consumer information to be held to the same standards as financial institutions.

The Consumer Financial Protection Bureau issued a notice of proposed rulemaking to implement the Fair Debt Collection Practices Act. Under its proposal, debt collectors would be restricted in how frequently, and the way in which they contact consumers. The proposal also provides additional information to consumers to help them identify debts and respond to collection attempts.

The FDIC is requesting feedback on proposed revisions to the call report. The revision introduces reporting requirements on the proposed Community Bank Leverage Ratio.

Community bank grassroots advocacy was instrumental in passing the S. 2155 regulatory relief law and remains critical to advancing additional reforms, Senate Banking Committee Chairman Mike Crapo (R-Idaho) told community bankers in Washington.

The Treasury Department finalized the repeal of 296 unnecessary, duplicative or obsolete tax regulations. Treasury said the elimination of regulatory “deadwood” helps advance the policies of President Trump’s Executive Orders 13777 and 13789, which direct the department to identify and reduce burdensome tax regulations.