FDIC & OCC Issue Joint Proposal Amending the Community Reinvestment Act Rules
The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (the agencies) today proposed targeted changes to their current rules implementing the Community Reinvestment Act (CRA) to better align with the statutory mandate; better ensure that community development grants reach the communities they are intended to benefit; reduce burden for banks,…
ABA: Statement Issued on Joint OCC/FDIC Community Reinvestment Act Rule Proposal
“Today’s joint proposal from the FDIC and OCC marks progress toward a Community Reinvestment Act framework that provides banks with greater clarity to plan and deliver loans and investments that reflect local needs, bank business strategies and today’s banking landscape. While we are continuing to review it closely, we are pleased that the proposal would…
FDIC: The Farmers State Bank of Oakley, KS Assumes All Deposits of Small Business Bank, Lenexa, KS
Small Business Bank in Lenexa, Kansas, was closed today by the Kansas Office of the State Bank Commissioner, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC entered into an agreement with The Farmers State Bank of Oakley, Kansas, to assume substantially all deposits and purchase certain assets of Small Business Bank. …
Agencies Issue Joint Statement on Handling of Highly Sensitive Information During Bank Examinations
The federal bank regulatory agencies today issued a joint statement describing enhanced security procedures for review of highly sensitive information in connection with examinations of supervised banks, such as reviewing materials on-site rather than transferring them onto agency systems. The statement discusses a coordinated approach to identifying highly sensitive data and documents and discusses enhanced…
Agencies Issue Guidance on Lending to Individuals Not Legally Authorized to Work in the United States
The Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration (collectively, the agencies) today issued guidance to remind supervised financial institutions of existing supervisory expectations with respect to credit risk management, particularly as it relates to borrowers who are not legally authorized to work in the…
FDIC: Kentland Bank Assumes All Deposits of Kentland Federal Savings and Loan Association
Kentland Federal Savings and Loan Association of Kentland, Indiana was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC entered into an agreement with Kentland Bank of Kentland, Indiana (no affiliation with Kentland Federal Savings and Loan Association) to purchase substantially…
FFIEC: Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies
Federal bank regulatory agencies today released the 2026 list of certain geographies where certain bank activities are eligible for Community Reinvestment Act (CRA) credit. Under the CRA, the agencies assess a bank’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with safe and sound operations. The list…
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…