NewsWatch Today

Community bankers can continue using ICBA’s Be Heard grassroots action center to oppose legislation that would create new credit card routing mandates that expand on Durbin Amendment payments interventions.

The Financial Crimes Enforcement Network underestimates the regulatory burden of information sharing requests between banks and law enforcement under the USA PATRIOT Act, ICBA told the agency.

The OCC announced the appointment of Yue (Nina) Chen as chief climate risk officer. Chen will lead the agency’s Office of Climate Risk and development of climate risk management frameworks for the federal banking system.

The Farm Credit Administration reported that tight labor markets, rising interest rates, a strong dollar, high energy prices, and drought conditions are creating uncertainty in rural economies and farm input prices—though the Farm Credit System is reporting favorable financial results.

The OCC will reduce assessment rates on OCC-chartered community banks by 40% starting next year, Acting Comptroller of the Currency Michael Hsu announced.

ICBA recognized National Preparedness Month in September by issuing tips to help Americans secure their financial documents before disaster strikes.

ICBA this week expressed strong opposition to legislation that would create new credit card routing mandates that expand on Durbin Amendment payments interventions.

The Federal Reserve said it will raise order limits for nickels, dimes, and quarters, effective Tuesday. Limits for pennies are unchanged.

The Federal Reserve said it plans to roll out its FedNow instant payments service between May and July of next year.

ICBA continues speaking out against policymakers’ efforts to expand on harmful Durbin Amendment interventions on payment card systems, ICBA President and CEO Rebeca Romero Rainey wrote in a recent blog post.

ICBA and the Cybersecurity and Infrastructure Security Agency are hosting a tabletop exercise today and tomorrow to support community bank cybersecurity.

The U.S. Department of Agriculture will provide up to $550 million in funding to support projects that enable underserved producers to access land, capital, and markets, and train the next generation of agricultural professionals.