Fed seeks comment on future of check services
The agency is weighing costly infrastructure needs, fraud risks and long-term decline in check use as it solicits public input on the possibility of winding down checks following an executive order phasing out paper in federal payments.
OCC, FDIC scrap 2013 post-crisis leveraged-loan guidance
The Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. announced Friday that they are withdrawing from a 2013 interagency leveraged lending guidance, arguing it was overly restrictive, pushed activity to nonbanks and sidestepped official rulemaking.
CFPB’s enforcement chief resigns, citing ‘no path’ forward
The Trump administration’s decision not to seek funding for the CFPB and transferring remaining enforcement cases to the Department of Justice were cited as reasons for the resignation of Michael G. Salemi, who took over as CFPB enforcement chief earlier this year.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | DECEMBER 5, 2025 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in September 2025. The CRA […]
Press Release: Interagency Statement on OCC and FDIC Withdrawal from the Interagency Leveraged Lending Guidance Issuances
PRESS RELEASE | DECEMBER 5, 2025 Interagency Statement on OCC and FDIC Withdrawal from the Interagency Leveraged Lending Guidance Issuances WASHINGTON—The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (collectively “the agencies”) are rescinding the “Interagency Guidance on Leveraged Lending” (“2013 Guidance”), dated March 21, 2013, and the “Frequently Asked […]
Why deposit insurance reform is a critical opportunity for Main Street
A proposed increase to federal deposit insurance levels for certain business accounts is a necessary reform that will support community banks and the communities they serve.
How the penny shortage complicates New York’s cash protection law
The state is requiring merchants to accept cash denominations of $20 and under and prohibits them from charging extra to accept cash. The law, which goes into effect in March, comes as merchants are responding to the Trump administration’s abrupt cancellation of penny production.
Housing provision emerges as key in defense spending bill
A bipartisan housing provision has emerged as a critical negotiating point for passage of an uncommonly bank-relevant defense authorization bill.
VPN vulnerability leads to data breaches at 70 banks
More than 400,000 consumers may be affected after Marquis Software Solutions suffered a breach traced to a bug in SonicWall software disclosed last year.
Illinois community bank hopeful after year of restructuring
Midland States Bancorp has completed three major asset sales in the past 12 months, exiting national business lines and shifting focus to its core community banking franchise.