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].
Speech – Liquidity Facilities: Purposes and Functions
May 19, 2025 / Source: FRB
Thank you, President Bostic, for that kind introduction and for the opportunity to talk to this group today.1 I am delighted to be here, and I look forward to discussions at this important conference. The theme of today’s conference is developments in financial intermediation and potential implications for monetary policy. As this conference embarks on a…
FTC Releases Tentative Agenda for Attention Economy Workshop on June 4
May 19, 2025 / Source: FTC
The Federal Trade Commission has released the tentative agenda for its June 4, 2025 workshop on “The Attention Economy: How Big Tech Firms Exploit Children and Hurt Families.” The workshop, which will take place in person and online, will examine how Big Tech companies impose addictive design features, erode parental authority, and fail to protect children from…
OCC Announces Enforcement Actions for May 2025
May 15, 2025 / Source: OCC
WASHINGTONâThe Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against individuals currently and formerly affiliated with banks the OCC supervises. The OCC uses enforcement actions against banks to require the board of directors and management to take timely actions to correct the deficient practices or violations identified. Actions taken against…
Student Loan Fraudsters Permanently Banned From Debt Relief Industry And Required to Turn Over All Assets as Result of FTC Action
May 15, 2025 / Source: FTC
As a result of a Federal Trade Commission lawsuit, a fraudulent student loan debt relief operation and its owners are permanently banned from the debt relief industry and required to turn over all assets to resolve allegations that they misled consumers. âConsumers looking to pay off their student loan debt should not have to worry…
Treasury Disrupts Financial Facilitation Network Supporting Hizballah Terrorists
May 15, 2025 / Source: Treasury
WASHINGTON âToday, the Department of the Treasuryâs Office of Foreign Assets Control (OFAC) is targeting two senior Hizballah officials and two financial facilitators for their roles in coordinating financial transfers for Hizballah. These individuals, based in Lebanon and Iran, work closely with Hizballah leadership to send money to the group from overseas donors. These donations…
Interest Rate Risk:Â Interest Rate Risk Statistics Report
May 14, 2025 / Source: OCC
Summary The Office of the Comptroller of the Currency (OCC) today published the spring 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…
Statement by Secretary Scott Bessent on Reconciliation Vote: Republicans Continue Strong Progress Toward Enacting President Trumpâs Economic Agenda
May 14, 2025 / Source: Treasury
WASHINGTON â U.S. Secretary of the Treasury Scott Bessent issued the following statement upon the House Ways & Means Committeeâs successful vote of reconciliation legislation: âToday, House Republicans continued strong progress toward enacting President Trumpâs economic agenda and preventing historic tax hikes on families and businesses,â said Secretary Bessent. âThe Presidentâs plan for prosperity is…
Treasury Targets Iranâs Efforts to Domestically Manufacture Key Ballistic Missile Components
May 14, 2025 / Source: Treasury
WASHINGTON â Today, the U.S. Department of the Treasuryâs Office of Foreign Assets Control (OFAC) is designating six individuals and 12 entities for their involvement in efforts to help the Iranian regime domestically source the manufacturing of critical materials needed for Tehranâs ballistic missile program. Those sanctioned support the various Islamic Revolutionary Guard Corps (IRGC) sub-organizations…
FDICâs Office of the Ombudsman Publishes 2024 Annual Report of Activities
May 13, 2025 / Source: FDIC
Summary: The Federal Deposit Insurance Corporationâs (FDIC) Office of the Ombudsman today published a report highlighting its activities and the services provided to stakeholders during 2024. The Office of the Ombudsman is a resource for bankers and other stakeholders seeking an independent, neutral, and confidential liaison for informally discussing disagreements with findings or conclusions of…
HUD Announces More Than $1.1 Billion for Affordable Housing in Tribal Communities
May 13, 2025 / Source: HUD
WASHINGTON – Today, U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced more than $1.1 billion in Indian Housing Block Grant (IHBG) funding for eligible Native American Tribes, Alaska Native Villages, and Tribally Designated Housing Entities (TDHEs) to carry out affordable housing activities in Indian Country. âFrom day one, HUD has been engaged…
Deputy Secretary Michael Faulkenderâs Remarks Before U.S. Bancorp Fly-In Meeting
May 13, 2025 / Source: Treasury
As prepared for delivery. Thank you for inviting me to join you all today. It is a privilege to be with so many banking leaders who play a critical role in shaping the financial landscape throughout our nation. Four days after the attacks on September 11, 2001, I was in Washington, DC for the very…
Agencies Issue Host State Loan-to-Deposit Ratios
May 12, 2025 / Source: FDIC
Joint Release Federal Deposit Insurance Corporation Federal Reserve Board Office of the Comptroller of the Currency Federal bank regulatory agencies today jointly issued updated host state loan-to-deposit ratios, as required by law (PDF). Each respective host state loan-to-deposit ratio shows the ratio of total loans in a state to total deposits in the state for all…
Speech – Economic Outlook
May 12, 2025 / Source: FRB
Thank you, Reamonn. It is an honor and a privilege to be asked to speak in the beautiful country of Ireland and here at the Central Bank of Ireland. The histories of the U.S. and Ireland are intertwined. Our friendship is enduring, and our economies are closely tied. The Irish economy and the Bank stand…
United States Department of the Treasury Announces New Appointment
May 11, 2025 / Source: Treasury
WASHINGTON â Secretary of the Treasury Scott Bessent announced today President Trumpâs intent to nominate Jonathan McKernan to serve as the Undersecretary of Domestic Finance at the U.S. Department of the Treasury. McKernan has been an advisor at the Treasury Department while awaiting Senate confirmation to lead the Bureau of Consumer Financial Protection. During that time, McKernan…
Speech – Artificial Intelligence and the Labor Market: A Scenario-Based Approach
May 11, 2025 / Source: FRB
Thank you for the opportunity to speak to you today.1 In my remarks, I would like to address a key question facing economists, policymakers, and people all over the world: How will artificial intelligence, particularly generative artificial intelligence, or GenAI, affect workers and the labor market in the years ahead? Before I turn to that issue,…
OCC Issues Interim Final Rule on Bank Mergers
May 8, 2025 / Source: OCC
WASHINGTONâThe Office of the Comptroller of the Currency (OCC) today adopted an interim final rule amending its 2024 final rule related to its regulations for business combinations involving national banks and federal savings associations. The OCC also rescinded its 2024 policy statement on its review of applications under the Bank Merger Act. The interim final…
Acting Comptroller of the Currency Discusses Agency Priorities
May 8, 2025 / Source: OCC
WASHINGTONâActing Comptroller of the Currency Rodney E. Hood today discussed agency priorities at the Building Societies Annual Conference in Birmingham, England. In his remarks, Acting Comptroller Hood highlighted the Office of the Comptroller of the Currencyâs work to reduce regulatory burden, improve financial inclusion, support innovations in financial technology, and digital assets in the federal…
Treasury Increases Pressure on Firms Importing Iranian Oil
May 8, 2025 / Source: Treasury
WASHINGTON â Today, the Department of the Treasuryâs Office of Foreign Assets Control (OFAC) is increasing pressure on Iranâs export of oil, designating the âteapotâ refinery Hebei Xinhai Chemical Group Co., Ltd. and three port terminal operators in Shandong Province for their role in purchasing or facilitating the delivery of hundreds of millions of dollarsâ worth of Iranian…
OCC Should Rescind Unlawful Preemption Rules
May 8, 2025 / Source: CSBS
Washington, D.C. – Recent Executive Orders compel the Office of the Comptroller of the Currency (OCC) to rescind its preemption regulations, the Conference of State Bank Supervisors (CSBS) said today in a letter to Acting Comptroller Rodney Hood. âThe OCCâs preemption regulations are clearly unlawful, inconsistent with Supreme Court rulings, and contrary to the public interest,â said CSBS…
OCC Clarifies Bank Authority to Engage in Crypto-Asset Custody and Execution Services
May 7, 2025 / Source: OCC
WASHINGTONâThe Office of the Comptroller of the Currency (OCC) today clarified permissible bank activities related to crypto-asset custody and execution services. The OCC published Interpretive Letter 1184 to confirm that national banks and federal savings associations may buy and sell assets held in custody at the customerâs direction and are permitted to outsource to third…
Secretary Scott K.H. Bessent’s Statement Before the United States House of Representatives Committee on Financial Services
May 7, 2025 / Source: Treasury
As prepared for delivery Chairman Hill, Ranking Member Waters, and Members of the CommitteeâIâm grateful to join you today. At the IMF and World Bank Group Spring Meetings last month, I relayed an important message: America First does not mean America Alone. To the contrary, America First seeks to expand U.S. leadership in international institutions…
Federal Reserve issues FOMC statement
May 7, 2025 / Source: FRB
Although swings in net exports have affected the data, recent indicators suggest that economic activity has continued to expand at a solid pace. The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid. Inflation remains somewhat elevated. The Committee seeks to achieve maximum employment and inflation at…
CFPB Announcement Regarding Enforcement Actions Related to Buy Now, Pay Later Loans
May 6, 2025 / Source: CFPB
WASHINGTON, D.C. â The Consumer Financial Protection Bureau is announcing today that it will not prioritize enforcement actions taken on the basis of the Truth in Lending (Regulation Z); Use of Digital User Accounts to Access Buy Now, Pay Later Loans, 89 Fed. Reg. 47,068 (May 31, 2024) (âBuy Now, Pay Laterâ). The Bureau will instead…
Secretary Scott K. H. Bessent’s Statement Before the United States House of Representatives Appropriations Subcommittee on Financial Services and General Government
May 6, 2025 / Source: Treasury
Chairman Joyce, Ranking Member Hoyer, and Members of the SubcommitteeâIâm grateful to join you today. Treasury is eager to work with members of Congress to fund key priorities to strengthen our economy. And we look forward to coordinating with you on the Presidentâs budget as soon as it is released. Today, I wish to highlight…
OCC Issues Request for Information on Community Bank Digitalization
May 5, 2025 / Source: OCC
WASHINGTONâThe Office of the Comptroller of the Currency (OCC) today issued a request for information (RFI) on the key challenges and barriers faced by community banks in the adoption and implementation of digital banking solutions. New and emerging technologies can be important tools for community banks to meet customer demand, increase revenue, improve efficiencies, and…