NewsWatch Today

The Biden administration announced plans to provide up to $20,000 in student debt forgiveness and extended the federal student loan repayment moratorium, first implemented under the Trump administration, through Dec. 31.

With cybersecurity topping community bankers’ list of risk concerns, ICBA has partnered with the Cybersecurity and Infrastructure Security Agency to host two tabletop exercise dates next week designed specifically for community bankers.

The House passed budget reconciliation legislation that excludes several proposed tax provisions strongly opposed by ICBA.

ICBA is calling on community bankers to submit personalized comments to the FDIC opposing its proposal to raise deposit insurance assessment rates by 2 basis points on all insured institutions.

The Consumer Financial Protection Bureau released a blog post targeting the growing divergence between credit card interest and charge-off rates—and previewing an inquiry into industry practices.

ICBA called on federal banking regulators to issue a uniform final rule on Community Reinvestment Act modernization that minimizes new data collection and reporting burdens for community banks.

With Congress breaking for the August recess, ICBA offers an updated version of its “Meetings on Main Street” guide to help community bankers host members of Congress.

The Financial Services Information Sharing and Analysis Center’s latest weekly risk report spotlights the new phishing-as-a-service platform, Robin Banks.

The Virginia State Corporation Commission denied Virginia Credit Union Inc.’s application to expand its field of membership to include the Medical Society of Virginia—the latest setback to the credit union industry’s efforts to increase its taxpayer-subsidized authority.

The Ford Motor Co. plan to apply for an industrial loan company charter shows why the ILC loophole should be closed, ICBA’s Chris Cole told American Banker.

Republican members of the House Financial Services Committee pressed the FDIC on its ICBA-opposed decision to eliminate the Office of Supervisory Appeals and reinstate the Supervision Appeals Review Committee.

The Consumer Financial Protection Bureau and Justice Department issued a joint letter reminding auto finance companies of their responsibility to recognize legal protections for military families under the Servicemembers Civil Relief Act.