ICBA: ICBA Supports Bill to Strengthen Deposit Insurance While Minimizing Costs to Community Banks
The Independent Community Bankers of America (ICBA) expressed support for legislation to strengthen the nation’s deposit insurance system while minimizing additional costs for community banks. Introduced by Sens. Bill Hagerty (R-Tenn.) and Angela Alsobrooks (D-Md.), the Main Street Depositor Protection Act would provide expanded deposit insurance coverage of up to $10 million per depositor for noninterest-bearing transaction…
Agencies Issue Proposal to Focus Supervision on Material Financial Risks
The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (the agencies) today issued a joint notice of proposed rulemaking that would continue their effort to focus supervision on material financial risks. Among other things, the proposal would define the term “unsafe or unsound practice” for purposes of section 8 of the…
Agencies Issue Proposal to Prohibit Use of Reputation Risk by Regulators in Supervisory Programs
The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (the agencies) today issued a joint notice of proposed rulemaking that would codify the elimination of reputation risk from their supervisory programs. The proposed rule would define “reputation risk” and prohibit the agencies from criticizing or taking adverse action against an…
OCC: Notice of Proposed Rulemaking Issued to Simplify Community Bank Licensing Amendments
The Office of the Comptroller of the Currency (OCC) is proposing to amend its regulations to simplify licensing requirements for corporate activities and transactions involving national banks and federal savings associations that have less than $30 billion in total assets and satisfy certain conditions. The proposed rule is intended to reduce burden on these institutions….
OCC: Notice of Proposed Rulemaking Issued to Rescind 12 CFR 27 Fair Housing Home Loan Data System
On October 6, 2025, the Office of the Comptroller of the Currency (OCC) issued a notice of proposed rulemaking to rescind 12 CFR 27, “Fair Housing Home Loan Data System.” In connection with the OCC’s ongoing efforts to tailor bank supervision and regulation to bank risk profile, the OCC has reviewed 12 CFR 27 (part…
OCC: Actions Announced to Reduce Regulatory Burden for Community Banks
The Office of the Comptroller of the Currency (OCC) today announced guidance to banks and proposed rulemakings to reduce regulatory burden for community banks. These actions build upon the OCC’s continued efforts to tailor its regulatory and supervisory frameworks to minimize burden for its regulated institutions and promote economic growth. “Community banks have an outsized…
ABA: ABA and State Bankers Associations Express Support for FDIC Indexing Proposal, Offer Recommendations in Joint Comment Letter
Today, ABA joined 52 state bankers associations from across the country in filing a joint comment letteron the FDIC’s proposal to begin indexing certain regulatory thresholds, applauding the FDIC’s effort to develop a sound and transparent framework while recommending methodological changes to ensure that indexing mechanisms are appropriately tailored to the nature and purpose of each…
Treasury: IRS and Treasury Issue Proposed Regulations Around “No Tax on Tips” Deduction
Today, the Treasury Department and IRS issued proposed regulations identifying the occupations that customarily and regularly received tips before 2025, and therefore may be eligible for the deduction. The proposed regulations also address the definition of “qualified tips” and other requirements taxpayers must comply with to claim the deduction. “I took my first job as…
Treasury: Public Comments Sought on Implementation of the GENIUS Act
Today, the U.S. Department of the Treasury issued an Advance Notice of Proposed Rulemaking (ANPRM), seeking public comment related to Treasury’s implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The GENIUS Act tasks Treasury with issuing regulations that encourage innovation in payment stablecoins while also providing an appropriately tailored regime…
ICBA: ICBA Urges Congress to Ensure Deposit Insurance Reforms Enhance Small Business Coverage, Curb Favorable Too-Big-To-Fail Treatment
The Independent Community Bankers of America (ICBA) today called on Congress to consider deposit insurance reforms that enhance coverage for small businesses, address the more favorable regulatory treatment the nation’s largest banks receive under the current framework, and ensure community banks are not penalized. In a statement for the record for today’s Senate Banking Committee hearing on…