FDIC: Results of Summary of Deposits Annual Survey for 2026 Released
The Federal Deposit Insurance Corporation (FDIC) today released results of its annual survey of branch office deposits for all FDIC-insured institutions as of June 30, 2026. The FDIC’s Summary of Deposits (SOD) provides branch-level deposit information for more than 75,000 domestic offices operated by more than 4,200 FDIC-insured institutions, including commercial banks, savings banks, savings associations, and…
FDIC: Board of Directors Approves Proposed Rule on State Bank Parity
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a notice of proposed rulemaking that would amend the agency’s regulations to promote parity between state banks and national banks. Under the proposed rule, when host state laws do not apply to a national bank, those laws would similarly not apply to an out-of-state…
FDIC: Board of Directors Approves Interim Final Rule Regarding Reciprocal Deposits
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved an interim final rule to implement section 902 of the 21st Century ROAD to Housing Act (the Housing Act), which amended the statutory framework governing reciprocal deposits. Consistent with the Housing Act, the interim final rule raises the amount of reciprocal deposits an “agent institution” may…
OCC: Secretary of the Treasury Bessent & Comptroller of the Currency Gould Highlight Community Bank Comeback at Arizona Bankers Association Roundtable
Local banks on the front lines of economic and national security; OCC acts to eliminate risks posed by extending financial services to illegal aliens Secretary of the Treasury Scott Bessent and Comptroller of the Currency Jonathan V. Gould today highlighted the Trump Administration’s efforts to alleviate regulatory burden on community banks, drive economic growth on…
ICBA: New Polling Shows Small-Business Support for Community Banks as Senate Debates Digital Assets
With the Senate debating the Clarity Act digital asset market structure bill, new polling data shows U.S. small-business professionals say lawmakers should ensure the legislation does not hamper community bank lending in local communities. “New ICBA polling demonstrates that small businesses understand firsthand the critical role of community banks in supporting local economies and want…
ABA: ABA Testifies Before Senate Aging Committee on Protecting Seniors from AI-Generated Fraud
Association calls for coordinated action to combat growing threat of AI-enabled scams American Bankers Association Executive Vice President for Risk, Fraud and Cybersecurity Paul Benda will testify before the Senate Special Committee on Aging today on the growing threat of artificial intelligence-enabled scams and the need for a coordinated response to better protect older Americans…
ICBA: ICBA Reiterates Strong Concerns with Federal Reserve Payment Account Proposal
The Independent Community Bankers of America (ICBA) today expressed strong concerns with the Federal Reserve Board’s proposed special-purpose payment accounts for nonbank financial institutions and urged the agency to ensure any such program is temporary. “The Federal Reserve’s proposed payment account for eligible nonbank institutions continues to face an inescapable problem: the Fed shouldn’t extend…
FDIC: Notice of Proposed Rulemaking Issued on Disclosure of Information for Appropriate Business Purposes
On June 25, 2026, the FDIC Board of Directors approved a notice of proposed rulemaking that would amend the FDIC’s Rules and Regulations governing the disclosure of information. The proposed rule would provide insured depository institutions (IDIs) with more flexibility to share confidential supervisory information for appropriate business purposes. In addition, the proposed rule would…
CFPB: Agency Undertaking Efforts to Correct Flaws to Restore Integrity and Utility to the Consumer Complaint System
The consumer complaint portal has long been plagued by issues that severely limit its effectiveness in addressing consumers’ complaints and practical utility of its information. Recently, CFPB has taken multiple concrete actions to address these issues and is continuing its work, including with Credit Reporting Agencies, to increase effectiveness of the process, while aligning it…
ABA: Bank and Credit Union Groups Issue Statement on Illinois General Assembly Vote to Delay Illinois Interchange Fee Prohibition Act Implementation
The American Bankers Association, Illinois Bankers Association, America’s Credit Unions and the Illinois Credit Union League issued the following statement after the Illinois General Assembly voted to delay implementation of the Illinois Interchange Fee Prohibition Act (IFPA) for one year: “We welcome the Illinois General Assembly’s decision to once again delay the IFPA implementation deadline for another…