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A federal judge voided a Consumer Financial Protection Bureau rule capping credit card late fees at $8, after the agency agreed with opponents that the rule was illegal.

The OCC released a letter sent to supervised institutions regarding unauthorized access to OCC email systems. The letter included background on the February incident, the OCC’s response, and what financial institutions could expect going forward.

FedNow, the Federal Reserve’s instant payments system, wrapped up 2024 with more than 1,000 financial institutions participating, and 68% of community banks offering or planning to offer FedNow, according to the latest Independent Banker magazine.

ICBA is seeking 12-15 community bankers to join its working group on cross-border payments.

Federal Reserve Governor Christopher Waller said large, broadly applied tariffs could significantly affect the economy and the Federal Open Market Committee's pursuit of economic objectives.

Reliable competitive compensation and benefits data are crucial to securing and retaining top performers, according to a new Main Street Matters blog post.

ICBA and other groups said recent proposals to raise the top individual income tax rate to 40% would disproportionately harm hundreds of thousands of pass-through businesses organized as S corporations, partnerships, and sole proprietorships.

Rep. John Rose (R-Tenn.) introduced ICBA-supported legislation—the Bank Loan Privacy Act—aimed at reforming the CFPB’s Section 1071 small business reporting rule. The bill would require the CFPB to undergo a formal rulemaking process to determine how the small business loan data it collects will be shared and used.

To help community bankers make the most of Community Banking Month, ICBA continues to update the tools in its Marketing Resource Center.

The latest Independent Banker magazine features the ultimate advocacy guidebook for community bankers featuring ICBA grassroots resources.

The OCC issued guidance on the federal banking agencies’ March 28 announcement that they plan to rescind the Community Reinvestment Act final rule issued in October 2023 and reinstate the prior CRA framework.

The OCC notified Congress of a major information security incident, as required by the Federal Information Security Modernization Act.