Capturing the important news of the day in an easy to access way. We post news we feel is relevant to our members and community banks nationwide.
Whitelist [email protected] to ensure that you receive your update email.
If you’re still having difficulties receiving this Daily Email Campaign, please contact us at once through [email protected].
US Senators Request Response from CFPB Regarding “Shutting Down” Agency
October 30, 2025 / Source: US Senate, Committee on Banking, Housing, and Urban Affairs
October 27, 2025The Honorable Russell VoughtActing DirectorConsumer Financial Protection Bureau1700 G St. NWWashington, DC 20552 Dear Acting Director Vought: We write with serious concern about your blunt admission last week, in an interview across thestreet from the White House, that you plan to “close down” the Consumer Financial ProtectionBureau (CFPB) “within the next two or…
Opening Remarks: Vice Chair for Supervision Michelle W. Bowman
October 30, 2025 / Source: Board of Governors of the Federal Reserve System
Good morning and welcome to the third public outreach meeting hosted by the federal banking agencies related to the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA). The bank regulatory system has grown extensively in recent years and has become overly complicated with often conflicting and overlapping requirements. The growth of these requirements has imposed unnecessary…
Tillis Introduces Discussion Draft on Legislation to Ban Politically Motivated De-banking
October 30, 2025 / Source: Thom Tillis, US Senator for North Carolina
WASHINGTON, D.C. – Today, Senator Thom Tillis (R-NC) introduced a discussion draft of the Ensuring Fair Access to Banking Act, legislation that seeks to prevent the denial of banking services for politically motivated reasons. Specifically, the legislation guards against both regulator and financial institution-initiated de-banking by establishing a strong federal fair access standard, a robust enforcement mechanism, and…
Mortgage Rates Continue to Trend Down
October 30, 2025 / Source: Freddie Mac
MCLEAN, Va., Oct. 30, 2025 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.17%. “Mortgage rates decreased for the fourth consecutive week. The last few months have brought lower rates and homebuyers are increasingly entering the market,” said Sam Khater, Freddie Mac’s…
Fair Credit Reporting Act; Preemption of State Laws
October 30, 2025 / Source: Consumer Financial Protection Bureau
Action: Interpretive Rule. Summary: The Consumer Financial Protection Bureau (Bureau) is issuing this interpretive rule to clarify that the Fair Credit Reporting Act (FCRA) generally preempts State laws that touch on broad areas of credit reporting, consistent with Congress’s intent to create national standards for the credit reporting system. This interpretive rule replaces a July…
Joint Agencies (FDIC/FRB/OCC) Present: Economic Growth and Regulatory Paperwork Reduction Act Outreach Meeting #3
October 29, 2025 / Source: Federal Deposit Insurance Corporation
Event Date Thursday, October 30, 2025, 9:45 a.m.–1 p.m. ET Location Federal Reserve Bank of Kansas City, 1 Memorial Drive Kansas City, MO, 64198 AND Virtual On October 30, 2025 the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the…
Federal Reserve issues FOMC statement
October 29, 2025 / Source: Board of Governors of the Federal Reserve System
Available indicators suggest that economic activity has been expanding at a moderate pace. Job gains have slowed this year, and the unemployment rate has edged up but remained low through August; more recent indicators are consistent with these developments. Inflation has moved up since earlier in the year and remains somewhat elevated. The Committee seeks…
FHFA House Price Index® Up 0.4 Percent in August; Up 2.3 Percent from Last Year
October 28, 2025 / Source: Federal Housing Finance Agency
10/28/2025 Washington, D.C. – U.S. house prices rose 0.4 percent in August, according to the U.S. Federal Housing (FHFA) seasonally adjusted monthly House Price Index (FHFA HPI®). House prices rose 2.3 percent from August 2024 to August 2025. The previously reported 0.1 percent price decline in July was revised to 0.0 percent. For the nine census…
Comptroller Issues Statement on Federal Reserve Board’s Proposal to Enhance Transparency and Public Accountability of its Annual Stress Test
October 27, 2025 / Source: Office of the Comptroller of the Currency
WASHINGTON — Comptroller of the Currency Jonathan V. Gould issued the following statement today following the Federal Reserve Board’s request for comment on its stress test models, changes to the framework that guides the design of the hypothetical scenarios, and other elements of the stress test process: The OCC commends Vice Chair for Supervision Michelle…
OCC Requests Comments on Proposed Rescission of Its Recovery Planning Guidelines
October 27, 2025 / Source: Office of the Comptroller of the Currency
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today requested comment on a proposal to rescind its recovery planning guidelines for certain large insured national banks, federal savings associations, and federal branches (banks). Under the proposal, the recovery planning guidelines that went into effect January 1, 2025, and applied to banks with at least…
Standards for Recovery Planning by Certain Large Insured National Banks, Insured Federal Savings Associations, and Insured Federal Branches: Final Guidelines
October 27, 2025 / Source: Office of the Comptroller of the Currency
Summary The Office of the Comptroller of the Currency (OCC) is issuing a notice of proposed rulemaking to rescind its guidelines establishing standards for recovery planning by certain large insured national banks, federal savings associations, and federal branches (recovery planning guidelines) at 12 CFR 30, appendix E. The OCC invites the public to comment on…
Federal Reserve Board requests comment on proposals to enhance the transparency and public accountability of its annual stress test
October 26, 2025 / Source: Board of Governors of the Federal Reserve System
Consistent with its prior statement, the Federal Reserve Board on Friday requested comment on proposals to enhance the transparency and public accountability of its annual stress test. The proposals seek comment on: the stress test models; changes to the framework that guides the design of the hypothetical scenarios; and the hypothetical scenarios for the upcoming…
Treasury Sanctions Colombian President Gustavo Petro and His Support Network
October 26, 2025 / Source: US Department of the Treasury
October 24, 2025 WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating Gustavo Francisco Petro Urrego (Gustavo Petro), the President of Colombia, pursuant to counternarcotics-related authorities. In addition, OFAC is also designating several supporters of Gustavo Petro, namely his wife, his son, and a close associate. “Since President Gustavo Petro…
Mortgage Rates Decrease to Lowest Level in Over a Year
October 23, 2025 / Source: Freddie Mac
MCLEAN, Va., Oct. 23, 2025 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.19%. “Mortgage rates continued to trend down this week, hitting their lowest level in over a year,” said Sam Khater, Freddie Mac’s Chief Economist. “At the start of 2025,…
FinCEN Identifies $9 Billion of Iranian Shadow Banking Activity in 2024
October 23, 2025 / Source: FinCEN
Immediate ReleaseOctober 23, 2025WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Financial Trend Analysis (FTA) identifying approximately $9 billion of potential Iranian shadow banking activity that occurred through U.S. correspondent accounts in 2024, based on reporting from U.S. financial institutions. This FTA, which supports President Trump’s maximum pressure campaign…
Treasury Sanctions Major Russian Oil Companies, Calls on Moscow to Immediately Agree to Ceasefire
October 22, 2025 / Source: Treasury
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is imposing further sanctions as a result of Russia’s lack of serious commitment to a peace process to end the war in Ukraine. Today’s actions increase pressure on Russia’s energy sector and degrade the Kremlin’s ability to raise revenue for its…
Speech by Governor Barr on community development finance
October 22, 2025 / Source: FRB
Let me thank the Opportunity Finance Network for the invitation to be part of this gathering.1 Unfortunately, I could not join you in person, but I’m pleased to be able to offer a few words to celebrate the legacy of Community Development Financial Institutions (CDFIs)—a legacy rooted in opportunity, innovation, and commitment to communities that have…
SBA Releases State-Level Analysis of Shutdown Impact on Small Business Lending
October 22, 2025 / Source: SBA
WASHINGTON, D.C. – Today, the U.S. Small Business Administration released a state-level analysis of how small businesses have been impacted by the federal shutdown, which has frozen the agency’s core 7(a) and 504 small business lending programs. For fiscal year 2025 (FY25), the SBA guaranteed a record 84,400 loans, reaching $45 billion in capital for Main Street. Each business day…
Speech – Embracing New Technologies and Players in Payments
October 21, 2025 / Source: FRB
Thank you, Susan, and good morning, everyone. It is my pleasure to welcome you to the Federal Reserve Board for our first Payments Innovation Conference.1 My objective in creating this conference is twofold. First, I wanted to have a conference that focused on the new technologies that have come from the defi and crypto worlds and…
New Mortgage Compliance Dataset Moves Closer to Implementation with Launch of CSBS/MISMO Tech Sprint
October 21, 2025 / Source: CSBS
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) and the Mortgage Industry Standards Maintenance Organization (MISMO) today opened registration for the Mortgage Compliance Dataset (MCD) Tech Sprint kickoff event. The MCD is designed to streamline supervisory compliance examinations for residential mortgage loans. State supervisors, mortgage lenders, loan origination system providers, mortgage compliance vendors, and other interested mortgage technology companies are…
Treasury Sanctions Terrorist Viv Ansanm Affiliates
October 19, 2025 / Source: Treasury
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning Dimitri Herard (Herard) for his support to the Haitian gang coalition, Viv Ansanm. Also designated today is Kempes Sanon (Sanon), leader of the Bel Air gang, one of the constituent gangs in the Viv Ansanm alliance. Viv Ansanm contributes to the violence and instability…
Agencies Announce Withdrawal of Principles for Climate-Related Financial Risk Management
October 16, 2025 / Source: FDIC
WASHINGTON — The federal bank regulatory agencies today announced the withdrawal of interagency Principles for Climate-Related Financial Risk Management for Large Financial Institutions. The agencies do not believe principles for managing climate-related financial risk are necessary because the agencies’ existing safety and soundness standards require all supervised institutions to have effective risk management commensurate with…
Interest Rate Risk:Â Interest Rate Risk Statistics Report
October 16, 2025 / Source: OCC
Summary The Office of the Comptroller of the Currency (OCC) today published the fall 2025 edition of the Interest Rate Risk Statistics Report. The report presents interest rate risk data gathered during examinations of OCC-supervised midsize and community banks and federal savings associations (collectively, banks). The statistics are for informational purposes only and do not represent…
Fair Housing Act:Â Update to Fair Housing Lender Posters
October 15, 2025 / Source: OCC
Summary This bulletin informs banks1 of updates to the Office of the Comptroller of the Currency’s (OCC) Equal Housing Lender poster template in accordance with Executive Order 14224 (EO 14224) “Designating English as the Official Language of the United States.” Note for Community Banks This bulletin applies to all banks subject to the Fair Housing Act….
Resolution Readiness and Lessons Learned from Recent Large Bank Failures
October 15, 2025 / Source: FDIC
Introduction I want to start by thanking the Single Resolution Board (SRB) for inviting me to speak at this important and timely conference. This year’s conference is especially noteworthy because we are commemorating the 10th anniversary of the Single Resolution Mechanism (SRM). Together, the SRB and SRM form an important pillar of the European banking union and have…