Advocacy News

E-News 7-31-26 FEDERAL GOVERNMENT RELATIONS Bankers: Local lending at risk if stablecoin payment of interest loophole isn’t closed Warning of the potential fallout for banks and the communities they serve, bank leaders from across the U.S. are urging Senate leaders to use the CLARITY Act to close a loophole that allows digital asset service providers to avoid the prohibition on stablecoin interest and yield.  Read more and urge senators to close the payment of interest loophole FinCEN issues statement on Bank Secrecy Act compliance, Venezuelan disaster aid FinCEN will not take any...
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E-News 7-24-26 FEDERAL GOVERNMENT RELATIONS House passes Main Street Capital Access Act The House passed the Main Street Capital Access Act by a 270-155 vote. The bill seeks to boost community banking through tailored regulation and by encouraging de novo bank formation.  Read more Grassroots input on Fed payment accounts due Monday Monday is the deadline for community bankers to contact the Federal Reserve on its proposal to create a payment account—also known as a "skinny” master account—for institutions outside the traditional banking system. The IBA, along with the Independent...
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E-News 7-17-26 FEDERAL GOVERNMENT RELATIONS House bill would increase transparency about small business lending program risks A proposed bill supported by the American Bankers Association would require the Small Business Administration to provide and make public more details about 7(a) lending program risks. Read more Common Cents Act clears House The House passed by voice vote bipartisan legislation to implement the phaseout of the penny by providing a framework for cash rounding when exact change cannot be provided.  Read more Vought calls for more CFPB oversight, says open...
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E-News 7-10-26 FEDERAL GOVERNMENT RELATIONS IBA issues new action alert on CLARITY Act The U.S. Senate is expected to vote on the CLARITY Act in the coming weeks. Unfortunately, the legislation still does not close the loophole on allowing third party holders of stablecoin to pay a yield/interest. Please use the IBA action center to send a message to Sen. Young and Sen. Banks asking for their help in encouraging Senate leadership to close the loophole before the legislation moves to a vote.  Take action here CFPB seeks input on access to mortgage credit The Consumer Financial...
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